AAXJ vs HGER

Comparison between ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF (AAXJ, ETF) and HARBOR COMMODITY ALL-WEATHER STRATEGY ETF (HGER, ETF).

5-Year PerformanceHGER has outperformed AAXJ, delivering a return of +17.6% compared to +8.8%

AAXJ vs HGER - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AAXJ(ETF)	HGER(ETF)
Net Assets	$3.70B	$3.70B
Expense Ratio	0.72%	0.68%
Max Drawdown	49.37%	23.31%
Sharpe Ratio	1.24	2.26
5Y Beta	0.90	0.12
5Y Dividends CAGR	11.41%	N/A

Net Assets

AAXJ

$3.70B

HGER

$3.70B

Expense Ratio

AAXJ

0.72%

Winner

HGER

0.68%

Max Drawdown

AAXJ

49.37%

Winner

HGER

23.31%

Sharpe Ratio

AAXJ

1.24

Winner

HGER

2.26

5Y Beta

AAXJ

0.90

Winner

HGER

0.12

5Y Dividends CAGR

AAXJ

11.41%

HGER

N/A

AAXJ vs HGER - Historical Returns

Returns include dividend reinvestment.

Period	AAXJ	HGER
1 month	+2.38%	+8.78%
3 months	+2.17%	+9.25%
6 months	+10.11%	+27.22%
1 year	+38.08%	+53.11%
5 years(CAGR)	+8.79%	+17.56%
10 years(CAGR)	+9.02%	N/A
Max(CAGR)	+6.65%	+17.56%

AAXJ

+2.38%

Winner

HGER

+8.78%

AAXJ

+2.17%

Winner

HGER

+9.25%

AAXJ

+10.11%

Winner

HGER

+27.22%

AAXJ

+38.08%

Winner

HGER

+53.11%

5Y(CAGR)

AAXJ

+8.79%

Winner

HGER

+17.56%

10Y(CAGR)

AAXJ

+9.02%

HGER

N/A

Max(CAGR)

AAXJ

+6.65%

Winner

HGER

+17.56%

AAXJ vs HGER - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	AAXJ	HGER
2026	+21.55%	+42.53%
2025	+32.06%	+18.91%
2024	+12.32%	+10.26%
2023	+3.42%	+3.21%
2022	-20.91%	+9.77%
2021	-6.56%	N/A
2020	+21.04%	N/A
2019	+18.74%	N/A
2018	-16.78%	N/A
2017	+40.39%	N/A
2016	+7.84%	N/A
2015	-9.87%	N/A
2014	+6.28%	N/A
2013	-0.52%	N/A
2012	+20.37%	N/A
2011	-21.26%	N/A
2010	+13.23%	N/A
2009	+60.72%	N/A
2008	-32.98%	N/A

AAXJ vs HGER Drawdown Comparison

The maximum drawdown for AAXJ was -49.37%, occurring on Nov 20, 2008. Recovery took 232 trading sessions.

The maximum drawdown for HGER was -23.31%, occurring on Sep 26, 2022. Recovery took 717 trading sessions.

The current AAXJ drawdown is -6.35%.

Rank	AAXJ	HGER
#1	-49.37% Aug 15, 2008 - Jul 20, 2009	-23.31% Mar 8, 2022 - Jan 15, 2025
#2	-44.50% Feb 17, 2021 - Oct 20, 2025	-14.04% May 12, 2026 - Aug 11, 2026
#3	-32.99% Jan 26, 2018 - Oct 9, 2020	-8.84% Apr 2, 2025 - Jun 11, 2025
#4	-31.09% Apr 27, 2015 - May 25, 2017	-8.09% Jan 29, 2026 - Feb 27, 2026
#5	-29.50% Apr 21, 2011 - May 16, 2014	-5.64% Mar 12, 2026 - Apr 2, 2026
#6	-15.57% Apr 14, 2010 - Sep 20, 2010	-5.16% Jun 20, 2025 - Sep 12, 2025
#7	-14.94% Jun 22, 2026 - Jul 29, 2026	-4.68% Feb 18, 2025 - Mar 31, 2025
#8	-14.07% Jan 11, 2010 - Apr 1, 2010	-3.36% Nov 11, 2025 - Jan 8, 2026
#9	-13.66% Feb 25, 2026 - Apr 17, 2026	-2.19% Oct 20, 2025 - Oct 23, 2025
#10	-10.90% Sep 5, 2014 - Apr 8, 2015	-2.09% Sep 16, 2025 - Sep 26, 2025
#11	-9.49% Nov 5, 2010 - Apr 21, 2011	-2.07% Oct 8, 2025 - Oct 16, 2025
#12	-9.25% Jun 2, 2026 - Jun 18, 2026	-1.91% Apr 7, 2026 - Apr 16, 2026
#13	-8.35% Aug 3, 2009 - Sep 10, 2009	-1.80% Feb 14, 2022 - Feb 22, 2022
#14	-8.19% Oct 19, 2009 - Nov 16, 2009	-1.76% Nov 3, 2025 - Nov 10, 2025
#15	-6.51% Jul 20, 2009 - Aug 3, 2009	-1.69% Apr 16, 2026 - Apr 22, 2026

Correlation

Correlation between AAXJ and HGER is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2008 - 2026)

AAXJ vs HGER dividend yield comparison.

Year	AAXJ	HGER
2026	0.36%	0.00%
2025	1.81%	7.09%
2024	1.86%	3.28%
2023	1.95%	7.24%
2022	1.74%	0.64%
2021	2.21%	0.00%
2020	1.06%	0.00%
2019	1.83%	0.00%
2018	2.10%	0.00%
2017	1.99%	0.00%
2016	1.77%	0.00%
2015	2.44%	0.00%
2014	1.78%	0.00%
2013	1.77%	0.00%
2012	1.73%	0.00%
2011	2.11%	0.00%
2010	1.51%	0.00%
2009	1.26%	0.00%
2008	0.19%	0.00%