AAXJ vs SPY
Comparison between ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF (AAXJ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed AAXJ, delivering a return of +13.3% compared to +6.6%
AAXJ vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
AAXJ
$3.30B
Winner
SPY
$652B
Expense Ratio
AAXJ
0.72%
Winner
SPY
0.09%
Max Drawdown
Winner
AAXJ
49.37%
SPY
56.47%
Sharpe Ratio
Winner
AAXJ
2.32
SPY
2.07
5Y Beta
Winner
AAXJ
0.81
SPY
1.00
P/E Ratio
AAXJ
N/A
SPY
28.24
Forward P/E
AAXJ
N/A
SPY
21.85
5Y Dividends CAGR
Winner
AAXJ
7.97%
SPY
5.43%
5Y EPS CAGR
AAXJ
N/A
SPY
25.79%
Debt to Equity
AAXJ
N/A
SPY
22.35%
P/S Ratio
AAXJ
N/A
SPY
3.55
P/B Ratio
AAXJ
N/A
SPY
5.29
AAXJ vs SPY - Holdings Comparison
AAXJ and SPY have 1 common holdings. Overlap is -0.54%
AAXJ's top 25 holdings weight is 48.39%. SPY's top 25 holdings weight is 51.32%.
| Rank | AAXJ | SPY |
|---|---|---|
| #1 | n/a (n/a) - 16.87% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | SAMSUNG ELECTRONICS CO LTD (n/a) - 6.85% | APPLE INC (AAPL) - 6.48% |
| #3 | SK HYNIX INC (n/a) - 4.54% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | TENCENT HOLDINGS LTD (n/a) - 3.71% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | n/a (n/a) - 2.71% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | DELTA ELECTRONICS INC (n/a) - 1.19% | BROADCOM INC (AVGO) - 3.09% |
| #7 | MEDIATEK INC (n/a) - 1.13% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | AIA GROUP LTD (n/a) - 1.05% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 1.03% | TESLA INC (TSLA) - 1.73% |
| #10 | HDFC BANK LTD (n/a) - 0.90% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | DBS GROUP HOLDINGS LTD (n/a) - 0.87% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.87% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | n/a (n/a) - 0.84% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | RELIANCE INDUSTRIES LTD (n/a) - 0.84% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | ICICI BANK LTD (n/a) - 0.70% | WALMART INC (WMT) - 0.91% |
| #16 | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.69% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | PDD HOLDINGS INC ADR (PDD) - 0.66% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | XIAOMI CORP CLASS B (n/a) - 0.65% | VISA INC CLASS A (V) - 0.85% |
| #19 | n/a (n/a) - 0.61% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | HONG KONG EXCHANGES AND CLEARING LTD (n/a) - 0.56% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | HANA FINANCIAL GROUP INC (n/a) - 0.23% | INTEL CORP (INTC) - 0.65% |
| #22 | KIA CORP (n/a) - 0.23% | NETFLIX INC (NFLX) - 0.64% |
| #23 | TATA CONSULTANCY SERVICES LTD (n/a) - 0.22% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | CK HUTCHISON HOLDINGS LTD (n/a) - 0.22% | CHEVRON CORP (CVX) - 0.58% |
| #25 | FUBON FINANCIAL HOLDINGS CO LTD (n/a) - 0.22% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 877 | 505 |
AAXJ vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
AAXJ
+14.32%
SPY
+9.11%
3M
Winner
AAXJ
+14.77%
SPY
+6.59%
6M
Winner
AAXJ
+27.47%
SPY
+10.56%
1Y
Winner
AAXJ
+58.56%
SPY
+32.04%
5Y(CAGR)
AAXJ
+6.55%
Winner
SPY
+13.35%
10Y(CAGR)
AAXJ
+10.59%
Winner
SPY
+15.49%
Max(CAGR)
AAXJ
+6.80%
Winner
SPY
+8.50%
AAXJ vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | AAXJ | SPY |
|---|---|---|
| 2026 | +22.36% | +8.27% |
| 2025 | +32.06% | +18.00% |
| 2024 | +12.32% | +25.59% |
| 2023 | +3.42% | +26.72% |
| 2022 | -20.91% | -18.64% |
| 2021 | -6.56% | +30.52% |
| 2020 | +21.04% | +17.28% |
| 2019 | +18.74% | +31.09% |
| 2018 | -16.78% | -5.24% |
| 2017 | +40.39% | +20.78% |
| 2016 | +7.84% | +13.59% |
| 2015 | -9.87% | +1.31% |
| 2014 | +6.28% | +14.56% |
| 2013 | -0.52% | +29.00% |
| 2012 | +20.37% | +14.17% |
| 2011 | -21.26% | +0.85% |
| 2010 | +13.23% | +13.14% |
| 2009 | +60.72% | +22.67% |
| 2008 | -32.98% | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
AAXJ vs SPY Drawdown Comparison
The maximum drawdown for AAXJ was -49.37%, occurring on Nov 20, 2008. Recovery took 232 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | AAXJ | SPY |
|---|---|---|
| #1 | -49.37% Aug 15, 2008 - Jul 20, 2009 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -44.50% Feb 17, 2021 - Oct 20, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -32.99% Jan 26, 2018 - Oct 9, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -31.09% Apr 27, 2015 - May 25, 2017 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -29.50% Apr 21, 2011 - May 16, 2014 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -15.57% Apr 14, 2010 - Sep 20, 2010 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.07% Jan 11, 2010 - Apr 1, 2010 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.66% Feb 25, 2026 - Apr 17, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -10.90% Sep 5, 2014 - Apr 8, 2015 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.49% Nov 5, 2010 - Apr 21, 2011 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.35% Aug 3, 2009 - Sep 10, 2009 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.19% Oct 19, 2009 - Nov 16, 2009 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.51% Jul 20, 2009 - Aug 3, 2009 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -5.95% Oct 29, 2025 - Jan 2, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.74% Nov 22, 2017 - Jan 2, 2018 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between AAXJ and SPY is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (1999 - 2026)
AAXJ vs SPY dividend yield comparison.
| Year | AAXJ | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 1.81% | 1.07% |
| 2024 | 1.86% | 1.21% |
| 2023 | 1.95% | 1.40% |
| 2022 | 1.74% | 1.65% |
| 2021 | 2.21% | 1.20% |
| 2020 | 1.06% | 1.52% |
| 2019 | 1.83% | 1.75% |
| 2018 | 2.10% | 2.04% |
| 2017 | 1.99% | 1.80% |
| 2016 | 1.77% | 2.03% |
| 2015 | 2.44% | 2.06% |
| 2014 | 1.78% | 1.87% |
| 2013 | 1.77% | 1.81% |
| 2012 | 1.73% | 2.18% |
| 2011 | 2.11% | 2.05% |
| 2010 | 1.51% | 1.80% |
| 2009 | 1.26% | 1.95% |
| 2008 | 0.19% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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