AAXJ
iShares MSCI All Country Asia ex Japan ETF
The iShares MSCI All Country Asia ex Japan Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Country Asia ex Japan Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
2.5 B
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 13, 2008 |
| Assets (mns) | $2,535 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 11.3 % |
| TENCENT HOLDINGS LTD | 4.9 % |
| RELIANCE INDUSTRIES LTD | 3.2 % |
| SAMSUNG ELECTRONICS CO LTD | 2.6 % |
| ALIBABA GROUP HOLDING LTD. | 2.4 % |
| MEITUAN DIANPING | 1.6 % |
| HDFC BANK LIMITED | 1.2 % |
| ICICI BANK LTD | 1.2 % |
| AIA GROUP LTD | 1.2 % |
| HON HAI PRECISION INDUSTRY | 1.1 % |
Constituent Breakdown
| Number of holdings | 952 |
| Herfindahl-Hirschman Index | 200 |
| Wgt avg mkt cap (mns) | $177,848 |
| Large cap (>$10bn) | 84.1% |
| Mid cap ($2-10bn) | 15.7% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 14.1% |
| Emerging mkts. | 86.0% |
Country Exposure
 |
CHINA | 27.0 % |
 |
INDIA | 22.3 % |
 |
TAIWAN | 21.2 % |
 |
SOUTH KOREA | 10.7 % |
 |
HONG KONG | 6.3 % |
 |
SINGAPORE | 3.8 % |
 |
INDONESIA | 1.7 % |
 |
MALAYSIA | 1.7 % |
 |
THAILAND | 1.6 % |
 |
PHILIPPINES | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.3% | 22.7% | 17.6% | -3.1% | 3.1% | 3.5% | 4.3% | Volatility | 17.0% | 16.8% | 17.7% | 19.8% | 22.2% | 20.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 34% |
| MSCI EAFE | 0.84 | 54% |
| MSCI Emg Mkts | 1.15 | 97% |
Liquidity Measures
| Avg. volume (000) | 597 |
| Turnover | 1.8% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $66,117 |
Technical Indicators
| Recent close | $74.12 |
| 30d moving avg. | $78.20 |
| Annualized volatility | 20.3% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 6.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AAXJ |
Expenses vs. AAXJ |
ALTAR Score™ vs. AAXJ |
|---|---|---|---|---|
| EEMA | iShares MSCI Emerging Markets Asia ETF | 88.2% | -21 bp | +0.4% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 79.7% | -51 bp | +0.7% |
| EEM | iShares MSCI Emerging Markets ETF | 76.9% | -1 bp | +0.7% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 69.5% | -40 bp | +1.1% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 68.7% | -4 bp | +3.8% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 66.5% | -55 bp | +1.1% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 66.0% | -61 bp | +1.3% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 65.5% | -59 bp | +2.2% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 64.4% | -34 bp | +1.6% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 62.4% | -55 bp | +4.1% |
Risk and Returns: AAXJ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
AAXJ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
AAXJ
6.2%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. AAXJ's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places AAXJ in the 35th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AAXJSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| AAXJ (70 bp) Percentile rank | 58 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AAXJ | 70.0 | 1.8 | 71.8 |
| Peer Avg. | 47.4 | 39.4 | 86.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .