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AAXJvsNUEMETF Comparison

ETF 1

AAXJ

iShares MSCI All Country Asia ex Japan ETF

This fund is part of

Global Blended Cap

+0.26%

Full AAXJ fund page

VS

ETF 2

NUEM

NuShares ESG Emerging Markets Equity ETF

This fund is part of

EM Large & Mid Cap

+1.6%

Full NUEM fund page

iShares MSCI All Country Asia ex Japan ETF (AAXJ) belongs to the Global Blended Cap segment. NuShares ESG Emerging Markets Equity ETF (NUEM) is part of the EM Large & Mid Cap segment. AAXJ's top 3 sector exposures are Information Technology, Financials and Consumer Discretionary. In contrast, NUEM's top sector exposures are Information Technology, Financials and Industrials. AAXJ is more expensive with a Total Expense Ratio (TER) of 0.72%, versus 0.36% for NUEM. AAXJ is up 22.93% year-to-date (YTD) with +$24M in YTD flows. NUEM performs worse with 16.56% YTD performance, and +$8M in YTD flows. Run a side-by-side ETF comparison of AAXJ and NUEM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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AAXJ vs NUEM performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/09/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	AAXJ NUEM	-1.96%-1.81%	+15.95%+14.88%	+22.93%+16.56%	+44.79%+34.56%	+80.49%+64.02%	+34.69%+29.25%
Flows	AAXJ NUEM	-$241M-	-$422M+$4M	+$24M+$8M	+$48M-$12M	-$637M+$17M	-$2.90B+$191M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	AAXJ NUEM	+29.49%+25.63%	+19.84%+18.07%	+17.41%+16.10%	+18.19%+16.68%
Max drawdown	AAXJ NUEM	-8.84%-6.50%	-13.32%-12.01%	-18.08%-15.73%	-40.48%-37.04%
Max drawdown duration	AAXJ NUEM	7d21d	55d51d	241d244d	1533d1485d

Trading data

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	AAXJ	NUEM
Last sale 6/10/2026 at 1:55 PM	$114.17	$40.53
Previous close 06/09/2026	$114.42	$40.52
Consolidated volume 06/09/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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	AAXJ	NUEM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 6/10/2026 at 1:55 PM

Live

Closed

	AAXJ	NUEM
Last price	$114.17	$40.53
1D performance	-0.22%	+0.02%
AuM	$3.82 B	$381.40 M
E/R	0.72%	0.36%

Characteristics

	AAXJ	NUEM
Management strategy	Passive	Passive
Provider	iShares	Nuveen
Benchmark	MSCI AC Asia ex Japan Index	MSCI TIAA ESG Emerging Markets Equity Index
N° of holdings	832	100
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	August 13, 2008	June 7, 2017
ESG	No	Yes

More AAXJ data on Trackinsight

More NUEM data on Trackinsight

Exposure

Countries

AAXJ

Taiwan

27.53%

Republic of Korea

21.1%

India

13.51%

Cayman Islands

13.34%

China

11.38%

Other

13.14%

NUEM

Taiwan

26.02%

Republic of Korea

17.05%

China

10.31%

Cayman Islands

9.1%

Other

37.52%

Sectors

AAXJ

Information Techn.

41.46%

Financials

16.74%

Consumer Discreti.

9.64%

Industrials

7.38%

Other

24.78%

NUEM

Information Techn.

31.7%

Financials

14.94%

Other

53.36%

Diversification

AAXJ

Total weight of top 15 holdings out of 15

43.48%

NUEM

Total weight of top 15 holdings out of 15

42.2%

Top 15 holdings

Data as of April 30, 2026

AAXJ

TWN SEMICONT MAN

16.04%

SAMSUNG ELECTR

6.79%

SK HYNIX

4.57%

TENCENT HOLDINGS

3.69%

ALIBABA GROUP HOLDING LTD

2.67%

DELTA ELECTRONIC

1.29%

MEDIATEK INC

1.22%

AIA

1.09%

CHINA CONSTRUCTION BANK

1.04%

DBS GROUP HOLDINGS

0.93%

HDFC BANK

0.89%

RELIANCE INDUSTRIES

0.89%

HON HAI PRECISION INDUSTRY

0.84%

SAMSUNG ELEC-1P PRF

0.84%

US0669224778

0.70%

NUEM

TWN SEMICONT MAN

15.97%

DELTA ELECTRONIC

3.13%

TENCENT HOLDINGS

2.99%

SAMSUNG SDI

2.35%

AVC

2.31%

SK SQUARE CO LTD

2.13%

CHINA CONSTRUCTION BANK

2.10%

INDUSTRIAL COMMERC BK CHINA

1.71%

UNITED MICRO

1.66%

PING AN

1.45%

DOOSAN ENERBILITY

1.35%

HDFC BANK

1.34%

CM BANK

1.26%

AGRICULTURAL BANK OF CHINA

1.26%

NETEASE INC

1.19%

Frequently asked questions about AAXJ and NUEM

How have the AAXJ and NUEM ETFs performed in 2026?

As of June 9, 2026, AAXJ is up 22.93% year-to-date (YTD), while NUEM has returned 16.56%. That puts AAXJ better performer ahead so far this year.

Which ETF is attracting more investor money: AAXJ or NUEM?

Year-to-date, the AAXJ ETF saw +$24M in flows, compared to +$8M for NUEM.

Which ETF is more volatile: AAXJ or NUEM?

Over the past year, AAXJ had a volatility of 19.84%, while NUEM experienced 18.07%.

Which ETF is bigger: AAXJ or NUEM?

As of June 9, 2026, AAXJ holds $3.82 B in assets under management (AUM), while NUEM manages $381.40 M.

What sectors do the AAXJ and NUEM ETFs invest in?

AAXJ leans toward sectors like Information Technology, Financials and Consumer Discretionary. Meanwhile, NUEM focuses on Information Technology and Financials.

What are the top holdings of the AAXJ ETF and NUEM ETF?

AAXJ top holdings include TWN SEMICONT MAN, SAMSUNG ELECTR and SK HYNIX. NUEM holds in its top three: TWN SEMICONT MAN, DELTA ELECTRONIC and TENCENT HOLDINGS.

Which ETF is more diversified: AAXJ or NUEM?

AAXJ holds 906 securities with 43.48% of its assets in the top 15. NUEM has 101 securities and a top 15 weight of 42.2%.

An introduction to foreign ETFs

July 26, 2022

AAXJ

AAXJvsNUEMETF Comparison

iShares MSCI All Country Asia ex Japan ETF

NuShares ESG Emerging Markets Equity ETF

AAXJ vs NUEM performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the AAXJ and NUEM ETFs performed in 2026?

As of June 9, 2026, AAXJ is up 22.93% year-to-date (YTD), while NUEM has returned 16.56%. That puts AAXJ better performer ahead so far this year.

Which ETF is attracting more investor money: AAXJ or NUEM?

Year-to-date, the AAXJ ETF saw +$24M in flows, compared to +$8M for NUEM.

Which ETF is more volatile: AAXJ or NUEM?

Over the past year, AAXJ had a volatility of 19.84%, while NUEM experienced 18.07%.

Which ETF is bigger: AAXJ or NUEM?

As of June 9, 2026, AAXJ holds $3.82 B in assets under management (AUM), while NUEM manages $381.40 M.

What sectors do the AAXJ and NUEM ETFs invest in?

AAXJ leans toward sectors like Information Technology, Financials and Consumer Discretionary. Meanwhile, NUEM focuses on Information Technology and Financials.

What are the top holdings of the AAXJ ETF and NUEM ETF?

AAXJ top holdings include TWN SEMICONT MAN, SAMSUNG ELECTR and SK HYNIX. NUEM holds in its top three: TWN SEMICONT MAN, DELTA ELECTRONIC and TENCENT HOLDINGS.

Which ETF is more diversified: AAXJ or NUEM?

AAXJ holds 906 securities with 43.48% of its assets in the top 15. NUEM has 101 securities and a top 15 weight of 42.2%.

An introduction to foreign ETFs

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