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AAXJvsRWEMETF 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

RWEM

Rayliant Quantamental Emerging Market Equity ETF

This fund is part of

Uncategorized Equities

+0.15%

Full RWEM fund page

iShares MSCI All Country Asia ex Japan ETF (AAXJ) belongs to the Global Blended Cap segment. Rayliant Quantamental Emerging Market Equity ETF (RWEM) is part of the Uncategorized Equities segment. AAXJ's top 3 sector exposures are Information Technology, Financials and Consumer Discretionary. In contrast, RWEM's top sector exposures are Information Technology, Financials and Communication Services. AAXJ is more expensive with a Total Expense Ratio (TER) of 0.72%, versus 0.52% for RWEM. AAXJ is up 22.93% year-to-date (YTD) with +$24M in YTD flows. RWEM performs worse with 17.89% YTD performance, and -$27M in YTD flows. Run a side-by-side ETF comparison of AAXJ and RWEM 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 RWEM 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 RWEM	-1.96%-2.27%	+15.95%+14.93%	+22.93%+17.89%	+44.79%+40.38%	+80.49%+79.91%	+34.69%n/a
Flows	AAXJ RWEM	-$241M-$14M	-$422M-$27M	+$24M-$27M	+$48M-$27M	-$637M+$12M	-$2.90B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	AAXJ RWEM	+29.49%+27.72%	+19.84%+19.41%	+17.41%+16.31%	+18.19%n/a
Max drawdown	AAXJ RWEM	-8.84%-7.50%	-13.32%-13.18%	-18.08%-23.02%	-40.48%n/a
Max drawdown duration	AAXJ RWEM	7d5d	55d57d	241d270d	1533dn/a

Trading data

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	AAXJ	RWEM
Last sale 6/10/2026 at 1:55 PM	$114.17	$33.98
Previous close 06/09/2026	$114.42	$35.96
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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RWEM

is actively managed and doesn’t replicate an index

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	AAXJ	RWEM
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	RWEM
Last price	$114.17	$33.98
1D performance	-0.22%	-5.51%
AuM	$3.82 B	$67.86 M
E/R	0.72%	0.52%

Characteristics

	AAXJ	RWEM
Management strategy	Passive	Active
Provider	iShares	Rayliant Asset Management
Benchmark	MSCI AC Asia ex Japan Index	-
N° of holdings	832	133
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	August 13, 2008	December 15, 2021
ESG	No	No

More AAXJ data on Trackinsight

More RWEM 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%

RWEM

Taiwan

24.85%

Republic of Korea

18.74%

China

9.21%

Cayman Islands

9.18%

Other

38.02%

Sectors

AAXJ

Information Techn.

41.46%

Financials

16.74%

Consumer Discreti.

9.64%

Industrials

7.38%

Other

24.78%

RWEM

Information Techn.

34.46%

Financials

13.72%

Other

51.82%

Diversification

AAXJ

Total weight of top 15 holdings out of 15

43.48%

RWEM

Total weight of top 15 holdings out of 15

40.65%

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%

RWEM

TWN SEMICONT MAN

12.84%

SAMSUNG ELECTR

5.20%

MEDIATEK INC

4.18%

SK HYNIX

4.02%

TENCENT HOLDINGS

2.73%

DELTA ELECTRONIC

1.66%

NETEASE INC

1.62%

AGRICULTURAL BANK OF CHINA

1.60%

WOORI FINANCIAL GROUP INC

1.26%

PICC PROP & CASUALTY

1.09%

ALIBABA GROUP HOLDING LTD

1.02%

KIA CORPORATION

0.94%

US44332N1063

0.86%

SANLAM

0.83%

HYOSUNG HEAVY INDUSTRIES

0.80%

Frequently asked questions about AAXJ and RWEM

How have the AAXJ and RWEM ETFs performed in 2026?

As of June 9, 2026, AAXJ is up 22.93% year-to-date (YTD), while RWEM has returned 17.89%. That puts AAXJ better performer ahead so far this year.

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

Year-to-date, the AAXJ ETF saw +$24M in flows, compared to -$27M for RWEM.

Which ETF is more volatile: AAXJ or RWEM?

Over the past year, AAXJ had a volatility of 19.84%, while RWEM experienced 19.41%.

Which ETF is bigger: AAXJ or RWEM?

As of June 9, 2026, AAXJ holds $3.82 B in assets under management (AUM), while RWEM manages $67.86 M.

What sectors do the AAXJ and RWEM ETFs invest in?

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

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

AAXJ top holdings include TWN SEMICONT MAN, SAMSUNG ELECTR and SK HYNIX. RWEM holds in its top three: TWN SEMICONT MAN, SAMSUNG ELECTR and MEDIATEK INC.

Which ETF is more diversified: AAXJ or RWEM?

AAXJ holds 906 securities with 43.48% of its assets in the top 15. RWEM has 137 securities and a top 15 weight of 40.65%.

An introduction to foreign ETFs

July 26, 2022

AAXJ

AAXJvsRWEMETF Comparison

iShares MSCI All Country Asia ex Japan ETF

Rayliant Quantamental Emerging Market Equity ETF

AAXJ vs RWEM 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 RWEM ETFs performed in 2026?

As of June 9, 2026, AAXJ is up 22.93% year-to-date (YTD), while RWEM has returned 17.89%. That puts AAXJ better performer ahead so far this year.

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

Year-to-date, the AAXJ ETF saw +$24M in flows, compared to -$27M for RWEM.

Which ETF is more volatile: AAXJ or RWEM?

Over the past year, AAXJ had a volatility of 19.84%, while RWEM experienced 19.41%.

Which ETF is bigger: AAXJ or RWEM?

As of June 9, 2026, AAXJ holds $3.82 B in assets under management (AUM), while RWEM manages $67.86 M.

What sectors do the AAXJ and RWEM ETFs invest in?

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

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

AAXJ top holdings include TWN SEMICONT MAN, SAMSUNG ELECTR and SK HYNIX. RWEM holds in its top three: TWN SEMICONT MAN, SAMSUNG ELECTR and MEDIATEK INC.

Which ETF is more diversified: AAXJ or RWEM?

AAXJ holds 906 securities with 43.48% of its assets in the top 15. RWEM has 137 securities and a top 15 weight of 40.65%.

An introduction to foreign ETFs

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