AAXJ vs UTG

Comparison between ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF (AAXJ, ETF) and Reaves Utility Income Fund (UTG, ETF).

5-Year PerformanceUTG has outperformed AAXJ, delivering a return of +10.7% compared to +6.4%

AAXJ vs UTG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AAXJ(ETF)	UTG(ETF)
Net Assets	$4B	$4B
Expense Ratio	0.72%	N/A
Max Drawdown	49.37%	71.97%
Sharpe Ratio	1.68	1.19
5Y Beta	0.86	0.50
5Y Dividends CAGR	7.97%	1.97%

Net Assets

AAXJ

$4B

UTG

$4B

Expense Ratio

AAXJ

0.72%

UTG

N/A

Max Drawdown

Winner

AAXJ

49.37%

UTG

71.97%

Sharpe Ratio

Winner

AAXJ

1.68

UTG

1.19

5Y Beta

AAXJ

0.86

Winner

UTG

0.50

5Y Dividends CAGR

Winner

AAXJ

7.97%

UTG

1.97%

AAXJ vs UTG - Historical Returns

Returns include dividend reinvestment.

Period	AAXJ	UTG
1 month	+3.53%	-5.60%
3 months	+20.68%	+3.08%
6 months	+29.77%	+13.51%
1 year	+46.37%	+23.61%
5 years(CAGR)	+6.42%	+10.74%
10 years(CAGR)	+10.36%	+10.22%
Max(CAGR)	+6.77%	+11.08%

Winner

AAXJ

+3.53%

UTG

-5.60%

Winner

AAXJ

+20.68%

UTG

+3.08%

Winner

AAXJ

+29.77%

UTG

+13.51%

Winner

AAXJ

+46.37%

UTG

+23.61%

5Y(CAGR)

AAXJ

+6.42%

Winner

UTG

+10.74%

10Y(CAGR)

Winner

AAXJ

+10.36%

UTG

+10.22%

Max(CAGR)

AAXJ

+6.77%

Winner

UTG

+11.08%

AAXJ vs UTG - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	AAXJ	UTG
2026	+22.63%	+12.09%
2025	+32.06%	+22.37%
2024	+12.32%	+26.78%
2023	+3.42%	+1.15%
2022	-20.91%	-13.56%
2021	-6.56%	+14.73%
2020	+21.04%	-5.97%
2019	+18.74%	+34.02%
2018	-16.78%	+2.33%
2017	+40.39%	+5.13%
2016	+7.84%	+29.83%
2015	-9.87%	-13.79%
2014	+6.28%	+39.83%
2013	-0.52%	+10.08%
2012	+20.37%	+1.56%
2011	-21.26%	+23.57%
2010	+13.23%	+24.97%
2009	+60.72%	+61.39%
2008	-32.98%	-48.71%
2007	N/A	+13.03%
2006	N/A	+31.94%
2005	N/A	+3.28%
2004	N/A	+5.01%

AAXJ vs UTG Drawdown Comparison

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

The maximum drawdown for UTG was -67.75%, occurring on Mar 9, 2009. Recovery took 642 trading sessions.

The current AAXJ drawdown is -4.62%. The current UTG drawdown is -6.16%.

Rank	AAXJ	UTG
#1	-49.37% Aug 15, 2008 - Jul 20, 2009	-67.75% Jan 11, 2008 - Jul 30, 2010
#2	-44.50% Feb 17, 2021 - Oct 20, 2025	-47.96% Feb 12, 2020 - Sep 2, 2021
#3	-32.99% Jan 26, 2018 - Oct 9, 2020	-26.50% Apr 20, 2022 - Aug 15, 2024
#4	-31.09% Apr 27, 2015 - May 25, 2017	-22.66% Feb 3, 2015 - May 12, 2016
#5	-29.50% Apr 21, 2011 - May 16, 2014	-22.28% Aug 24, 2017 - Mar 18, 2019
#6	-15.57% Apr 14, 2010 - Sep 20, 2010	-21.31% Jul 25, 2011 - Sep 20, 2011
#7	-14.07% Jan 11, 2010 - Apr 1, 2010	-20.10% Mar 17, 2004 - Dec 22, 2004
#8	-13.66% Feb 25, 2026 - Apr 17, 2026	-15.96% Jul 3, 2012 - Mar 13, 2013
#9	-10.90% Sep 5, 2014 - Apr 8, 2015	-15.30% May 21, 2007 - Oct 31, 2007
#10	-9.49% Nov 5, 2010 - Apr 21, 2011	-14.94% Nov 27, 2024 - May 15, 2025
#11	-9.25% Jun 2, 2026 - Jun 5, 2026	-14.92% Sep 7, 2005 - Jul 26, 2006
#12	-8.35% Aug 3, 2009 - Sep 10, 2009	-13.54% May 17, 2013 - Feb 11, 2014
#13	-8.19% Oct 19, 2009 - Nov 16, 2009	-11.66% Jul 11, 2016 - Dec 27, 2016
#14	-6.51% Jul 20, 2009 - Aug 3, 2009	-11.57% Oct 15, 2025 - Feb 17, 2026
#15	-5.95% Oct 29, 2025 - Jan 2, 2026	-11.30% Sep 3, 2021 - Apr 20, 2022

Correlation

Correlation between AAXJ and UTG is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2004 - 2026)

AAXJ vs UTG dividend yield comparison.

Year	AAXJ	UTG
2026	0.00%	1.96%
2025	1.81%	6.42%
2024	1.86%	7.19%
2023	1.95%	8.53%
2022	1.74%	8.07%
2021	2.21%	6.35%
2020	1.06%	6.59%
2019	1.83%	5.69%
2018	2.10%	6.86%
2017	1.99%	6.21%
2016	1.77%	9.02%
2015	2.44%	6.86%
2014	1.78%	5.06%
2013	1.77%	6.31%
2012	1.73%	6.30%
2011	2.11%	6.49%
2010	1.51%	6.17%
2009	1.26%	7.78%
2008	0.19%	13.58%
2007	0.00%	8.08%
2006	0.00%	5.47%
2005	0.00%	7.65%
2004	0.00%	4.88%