MSLC vs AAXJ
Comparison between MORGAN STANLEY PATHWAY LARGE CAP EQUITY ETF (MSLC, ETF) and ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF (AAXJ, ETF).
MSLC vs AAXJ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MSLC
$4B
AAXJ
$4B
Expense Ratio
Winner
MSLC
0.39%
AAXJ
0.72%
Max Drawdown
Winner
MSLC
17.86%
AAXJ
49.37%
Sharpe Ratio
MSLC
1.25
Winner
AAXJ
1.68
5Y Beta
MSLC
0.93
Winner
AAXJ
0.86
P/E Ratio
MSLC
26.26
AAXJ
N/A
Forward P/E
MSLC
20.81
AAXJ
N/A
5Y Dividends CAGR
MSLC
N/A
AAXJ
7.97%
5Y EPS CAGR
MSLC
24.91%
AAXJ
N/A
P/S Ratio
MSLC
3.03
AAXJ
N/A
P/B Ratio
MSLC
5.06
AAXJ
N/A
MSLC vs AAXJ - Holdings Comparison
MSLC and AAXJ have 1 common holdings. Overlap is -3.45%
MSLC's top 25 holdings weight is 47.52%. AAXJ's top 25 holdings weight is 56.11%.
| Rank | MSLC | AAXJ |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 6.63% | n/a (n/a) - 16.41% |
| #2 | MICROSOFT CORP (MSFT) - 5.02% | SAMSUNG ELECTRONICS CO LTD (n/a) - 8.72% |
| #3 | AMAZON.COM INC (AMZN) - 4.57% | SK HYNIX INC (n/a) - 7.58% |
| #4 | APPLE INC (AAPL) - 4.41% | TENCENT HOLDINGS LTD (n/a) - 2.99% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 3.18% | n/a (n/a) - 2.28% |
| #6 | BROADCOM INC (AVGO) - 2.76% | MEDIATEK INC (n/a) - 1.75% |
| #7 | META PLATFORMS INC CLASS A (META) - 2.63% | DELTA ELECTRONICS INC (n/a) - 1.33% |
| #8 | ALPHABET INC CLASS C (GOOG) - 2.03% | KRW/USD PURCHASED (n/a) - 1.25% |
| #9 | US DOLLARS (n/a) - 1.66% | TWD/USD PURCHASED (n/a) - 1.25% |
| #10 | JPMORGAN CHASE & CO (JPM) - 1.50% | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 1.01% |
| #11 | TESLA INC (TSLA) - 1.25% | AIA GROUP LTD (n/a) - 0.97% |
| #12 | VISA INC CLASS A (V) - 1.21% | n/a (n/a) - 0.95% |
| #13 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.17% | TWD CASH (n/a) - 0.92% |
| #14 | NETFLIX INC (NFLX) - 1.11% | DBS GROUP HOLDINGS LTD (n/a) - 0.90% |
| #15 | EXXON MOBIL CORP (XOM) - 1.04% | KRW CASH (n/a) - 0.81% |
| #16 | MICRON TECHNOLOGY INC (MU) - 0.92% | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.81% |
| #17 | MASTERCARD INC CLASS A (MA) - 0.87% | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.79% |
| #18 | RTX CORP (RTX) - 0.77% | HDFC BANK LTD (n/a) - 0.79% |
| #19 | LINDE PLC (LIN) - 0.75% | RELIANCE INDUSTRIES LTD (n/a) - 0.75% |
| #20 | ELI LILLY AND CO (LLY) - 0.75% | INR/USD PURCHASED (n/a) - 0.72% |
| #21 | n/a (BN) - 0.72% | SAMSUNG ELECTRO-MECHANICS CO LTD (n/a) - 0.70% |
| #22 | BANK OF AMERICA CORP (BAC) - 0.71% | SK SQUARE (n/a) - 0.67% |
| #23 | CISCO SYSTEMS INC (CSCO) - 0.68% | ICICI BANK LTD (n/a) - 0.62% |
| #24 | MERCK & CO INC (MRK) - 0.59% | ASE TECHNOLOGY HOLDING CO LTD (n/a) - 0.57% |
| #25 | JOHNSON & JOHNSON (JNJ) - 0.59% | HYUNDAI MOTOR CO (n/a) - 0.57% |
| Total Holdings | 987 | 947 |
MSLC vs AAXJ - Historical Returns
Returns include dividend reinvestment.
1M
MSLC
+0.51%
Winner
AAXJ
+3.53%
3M
MSLC
+10.40%
Winner
AAXJ
+20.68%
6M
MSLC
+7.59%
Winner
AAXJ
+29.77%
1Y
MSLC
+19.49%
Winner
AAXJ
+46.37%
5Y(CAGR)
MSLC
N/A
AAXJ
+6.42%
10Y(CAGR)
MSLC
N/A
AAXJ
+10.36%
Max(CAGR)
Winner
MSLC
+12.76%
AAXJ
+6.77%
MSLC vs AAXJ - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | MSLC | AAXJ |
|---|---|---|
| 2026 | +6.90% | +22.63% |
| 2025 | +15.85% | +32.06% |
| 2024 | -3.29% | +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% |
MSLC vs AAXJ Drawdown Comparison
The maximum drawdown for MSLC was -17.86%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.
The maximum drawdown for AAXJ was -49.37%, occurring on Nov 20, 2008. Recovery took 232 trading sessions.
The current MSLC drawdown is -2.13%. The current AAXJ drawdown is -4.62%.
| Rank | MSLC | AAXJ |
|---|---|---|
| #1 | -17.86% Feb 19, 2025 - Jun 26, 2025 | -49.37% Aug 15, 2008 - Jul 20, 2009 |
| #2 | -9.31% Jan 12, 2026 - Apr 15, 2026 | -44.50% Feb 17, 2021 - Oct 20, 2025 |
| #3 | -5.29% Oct 28, 2025 - Dec 11, 2025 | -32.99% Jan 26, 2018 - Oct 9, 2020 |
| #4 | -4.51% Dec 11, 2024 - Jan 22, 2025 | -31.09% Apr 27, 2015 - May 25, 2017 |
| #5 | -4.08% Jun 1, 2026 - Jun 10, 2026 | -29.50% Apr 21, 2011 - May 16, 2014 |
| #6 | -2.85% Oct 8, 2025 - Oct 24, 2025 | -15.57% Apr 14, 2010 - Sep 20, 2010 |
| #7 | -2.51% Jul 25, 2025 - Aug 12, 2025 | -14.07% Jan 11, 2010 - Apr 1, 2010 |
| #8 | -2.43% Dec 11, 2025 - Dec 23, 2025 | -13.66% Feb 25, 2026 - Apr 17, 2026 |
| #9 | -1.83% May 14, 2026 - May 26, 2026 | -10.90% Sep 5, 2014 - Apr 8, 2015 |
| #10 | -1.57% Sep 22, 2025 - Oct 3, 2025 | -9.49% Nov 5, 2010 - Apr 21, 2011 |
| #11 | -1.49% Jan 23, 2025 - Feb 18, 2025 | -9.25% Jun 2, 2026 - Jun 5, 2026 |
| #12 | -1.43% Aug 14, 2025 - Aug 22, 2025 | -8.35% Aug 3, 2009 - Sep 10, 2009 |
| #13 | -1.22% Aug 28, 2025 - Sep 8, 2025 | -8.19% Oct 19, 2009 - Nov 16, 2009 |
| #14 | -1.12% Dec 26, 2025 - Jan 6, 2026 | -6.51% Jul 20, 2009 - Aug 3, 2009 |
| #15 | -0.83% Jul 3, 2025 - Jul 17, 2025 | -5.95% Oct 29, 2025 - Jan 2, 2026 |
Correlation
Correlation between MSLC and AAXJ is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2008 - 2025)
MSLC vs AAXJ dividend yield comparison.
| Year | MSLC | AAXJ |
|---|---|---|
| 2025 | 2.15% | 1.81% |
| 2024 | 0.00% | 1.86% |
| 2023 | 0.00% | 1.95% |
| 2022 | 0.00% | 1.74% |
| 2021 | 0.00% | 2.21% |
| 2020 | 0.00% | 1.06% |
| 2019 | 0.00% | 1.83% |
| 2018 | 0.00% | 2.10% |
| 2017 | 0.00% | 1.99% |
| 2016 | 0.00% | 1.77% |
| 2015 | 0.00% | 2.44% |
| 2014 | 0.00% | 1.78% |
| 2013 | 0.00% | 1.77% |
| 2012 | 0.00% | 1.73% |
| 2011 | 0.00% | 2.11% |
| 2010 | 0.00% | 1.51% |
| 2009 | 0.00% | 1.26% |
| 2008 | 0.00% | 0.19% |
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