BTC vs AAXJ
Comparison between Grayscale Bitcoin Mini Trust ETF (BTC, ETF) and ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF (AAXJ, ETF).
BTC vs AAXJ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BTC
$3.70B
AAXJ
$3.70B
Expense Ratio
Winner
BTC
0.15%
AAXJ
0.72%
Max Drawdown
BTC
53.30%
Winner
AAXJ
49.37%
Sharpe Ratio
BTC
-0.73
Winner
AAXJ
1.24
5Y Beta
BTC
1.18
Winner
AAXJ
0.90
5Y Dividends CAGR
BTC
N/A
AAXJ
11.41%
BTC vs AAXJ - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BTC
+16.00%
AAXJ
+2.38%
3M
BTC
-0.76%
Winner
AAXJ
+2.17%
6M
Winner
BTC
+13.71%
AAXJ
+10.11%
1Y
BTC
-31.37%
Winner
AAXJ
+38.08%
5Y(CAGR)
BTC
N/A
AAXJ
+8.79%
10Y(CAGR)
BTC
N/A
AAXJ
+9.02%
Max(CAGR)
Winner
BTC
+8.26%
AAXJ
+6.65%
BTC vs AAXJ - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | BTC | AAXJ |
|---|---|---|
| 2026 | -14.24% | +21.55% |
| 2025 | -10.26% | +32.06% |
| 2024 | +44.64% | +12.32% |
| 2023 | N/A | +3.42% |
| 2022 | N/A | -20.91% |
| 2021 | N/A | -6.56% |
| 2020 | N/A | +21.04% |
| 2019 | N/A | +18.74% |
| 2018 | N/A | -16.78% |
| 2017 | N/A | +40.39% |
| 2016 | N/A | +7.84% |
| 2015 | N/A | -9.87% |
| 2014 | N/A | +6.28% |
| 2013 | N/A | -0.52% |
| 2012 | N/A | +20.37% |
| 2011 | N/A | -21.26% |
| 2010 | N/A | +13.23% |
| 2009 | N/A | +60.72% |
| 2008 | N/A | -32.98% |
BTC vs AAXJ Drawdown Comparison
The maximum drawdown for BTC was -53.30%, occurring on Jun 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for AAXJ was -49.37%, occurring on Nov 20, 2008. Recovery took 232 trading sessions.
The current BTC drawdown is -38.67%. The current AAXJ drawdown is -6.35%.
| Rank | BTC | AAXJ |
|---|---|---|
| #1 | -53.30% Oct 6, 2025 - Jun 30, 2026 | -49.37% Aug 15, 2008 - Jul 20, 2009 |
| #2 | -28.14% Dec 17, 2024 - May 20, 2025 | -44.50% Feb 17, 2021 - Oct 20, 2025 |
| #3 | -17.96% Jul 31, 2024 - Sep 27, 2024 | -32.99% Jan 26, 2018 - Oct 9, 2020 |
| #4 | -11.96% Aug 13, 2025 - Oct 6, 2025 | -31.09% Apr 27, 2015 - May 25, 2017 |
| #5 | -9.11% Sep 27, 2024 - Oct 14, 2024 | -29.50% Apr 21, 2011 - May 16, 2014 |
| #6 | -8.47% Nov 22, 2024 - Dec 6, 2024 | -15.57% Apr 14, 2010 - Sep 20, 2010 |
| #7 | -8.44% May 22, 2025 - Jul 9, 2025 | -14.94% Jun 22, 2026 - Jul 29, 2026 |
| #8 | -7.30% Oct 29, 2024 - Nov 6, 2024 | -14.07% Jan 11, 2010 - Apr 1, 2010 |
| #9 | -5.81% Jul 14, 2025 - Aug 13, 2025 | -13.66% Feb 25, 2026 - Apr 17, 2026 |
| #10 | -5.48% Dec 6, 2024 - Dec 13, 2024 | -10.90% Sep 5, 2014 - Apr 8, 2015 |
| #11 | -3.29% Oct 18, 2024 - Oct 28, 2024 | -9.49% Nov 5, 2010 - Apr 21, 2011 |
| #12 | -2.51% Nov 13, 2024 - Nov 15, 2024 | -9.25% Jun 2, 2026 - Jun 18, 2026 |
| #13 | -1.50% Oct 16, 2024 - Oct 18, 2024 | -8.35% Aug 3, 2009 - Sep 10, 2009 |
| #14 | N/A | -8.19% Oct 19, 2009 - Nov 16, 2009 |
| #15 | N/A | -6.51% Jul 20, 2009 - Aug 3, 2009 |
Correlation
Correlation between BTC and AAXJ is -0.32 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.32
-101
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