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EEMAvsAAXJETF Comparison

ETF 1

EEMA

iShares MSCI Emerging Markets Asia ETF

This fund is part of

EM Large & Mid Cap

+0.06%

Full EEMA fund page

VS

ETF 2

AAXJ

iShares MSCI All Country Asia ex Japan ETF

This fund is part of

Global Blended Cap

-0.18%

Full AAXJ fund page

iShares MSCI Emerging Markets Asia ETF (EEMA) belongs to the EM Large & Mid Cap segment. iShares MSCI All Country Asia ex Japan ETF (AAXJ) is part of the Global Blended Cap segment. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Consumer Discretionary. EEMA is less expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.72% for AAXJ. EEMA is up 16.04% year-to-date (YTD) with -$473M in YTD flows. AAXJ performs better with 16.67% YTD performance, and +$265M in YTD flows. Run a side-by-side ETF comparison of EEMA and AAXJ 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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EEMA vs AAXJ 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 05/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EEMA AAXJ	+12.95%+12.20%	+8.70%+9.04%	+16.04%+16.67%	+49.36%+49.40%	+76.67%+74.06%	+31.28%+28.83%
Flows	EEMA AAXJ	-+$30M	-$494M-$52M	-$473M+$265M	+$444M+$242M	+$230M-$608M	+$61M-$2.65B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EEMA AAXJ	+24.78%+24.97%	+17.22%+17.03%	+16.60%+16.41%	+17.96%+17.64%
Max drawdown	EEMA AAXJ	-13.77%-13.32%	-13.77%-13.32%	-18.37%-18.08%	-40.43%-40.72%
Max drawdown duration	EEMA AAXJ	55d55d	55d55d	242d241d	1543d1560d

Trading data

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	EEMA	AAXJ
Last sale 5/1/2026 at 1:30 PM	$110.05	$110.14
Previous close 04/29/2026	$109.86	$109.87
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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

Main metrics

Last update 5/1/2026 at 1:30 PM

Live

Closed

	EEMA	AAXJ
Last price	$110.05	$110.14
1D performance	+0.17%	+0.25%
AuM	$1.30 B	$3.84 B
E/R	0.49%	0.72%

Characteristics

	EEMA	AAXJ
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI EM Asia Custom Capped Index	MSCI AC Asia ex Japan Index
N° of holdings	800	831
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 8, 2012	August 13, 2008
ESG	No	No

More EEMA data on Trackinsight

More AAXJ data on Trackinsight

Exposure

Countries

EEMA

Taiwan

26.66%

Republic of Korea

17.11%

India

16.68%

China

16.43%

Cayman Islands

14.45%

Other

8.66%

AAXJ

Taiwan

25.52%

Republic of Korea

17.72%

Cayman Islands

15.08%

India

14.79%

China

12.5%

Other

14.38%

Sectors

EEMA

Information Techn.

36.26%

Financials

16.44%

Consumer Discreti.

11.98%

Industrials

7.27%

Other

28.05%

AAXJ

Information Techn.

36.42%

Financials

18.72%

Consumer Discreti.

10.66%

Communication Ser.

7.85%

Industrials

7.28%

Other

19.08%

Diversification

EEMA

Total weight of top 15 holdings out of 15

39.85%

AAXJ

Total weight of top 15 holdings out of 15

41.26%

Top 15 holdings

Data as of March 31, 2026

EEMA

TWN SEMICONT MAN

14.96%

SAMSUNG ELECTR

4.25%

SK HYNIX

3.58%

TENCENT HOLDINGS

3.26%

ALIBABA GROUP HOLDING LTD

3.18%

US0669224778

1.68%

CHINA CONSTRUCTION BANK

1.29%

HDFC BANK

1.09%

RELIANCE INDUSTRIES

1.08%

DELTA ELECTRONIC

1.07%

HON HAI PRECISION INDUSTRY

0.93%

PINDUODUO INC ADR

0.90%

MEDIATEK INC

0.88%

XIAOMI CORP

0.86%

ICICI BANK

0.85%

AAXJ

TWN SEMICONT MAN

15.21%

SAMSUNG ELECTR

5.78%

TENCENT HOLDINGS

4.40%

SK HYNIX

3.23%

ALIBABA GROUP HOLDING LTD

2.92%

AIA

1.28%

CHINA CONSTRUCTION BANK

1.15%

DBS GROUP HOLDINGS

1.09%

HDFC BANK

1.03%

RELIANCE INDUSTRIES

0.99%

DELTA ELECTRONIC

0.95%

HON HAI PRECISION INDUSTRY

0.83%

PINDUODUO INC ADR

0.81%

MEDIATEK INC

0.80%

ICICI BANK

0.79%

Frequently asked questions about EEMA and AAXJ

How have the EEMA and AAXJ ETFs performed in 2026?

As of May 1, 2026, EEMA is up 16.04% year-to-date (YTD), while AAXJ has returned 16.67%. That puts AAXJ better performer ahead so far this year.

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

Year-to-date, the EEMA ETF saw -$473M in flows, compared to +$265M for AAXJ.

Which ETF is more volatile: EEMA or AAXJ?

Over the past year, EEMA had a volatility of 17.22%, while AAXJ experienced 17.03%.

Which ETF is bigger: EEMA or AAXJ?

As of May 1, 2026, EEMA holds $1.30 B in assets under management (AUM), while AAXJ manages $3.84 B.

What sectors do the EEMA and AAXJ ETFs invest in?

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

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

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

Which ETF is more diversified: EEMA or AAXJ?

EEMA holds 870 securities with 39.85% of its assets in the top 15. AAXJ has 902 securities and a top 15 weight of 41.26%.

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July 26, 2022

AAXJ

EEMAvsAAXJETF Comparison

iShares MSCI Emerging Markets Asia ETF

iShares MSCI All Country Asia ex Japan ETF

EEMA vs AAXJ performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the EEMA and AAXJ ETFs performed in 2026?

As of May 1, 2026, EEMA is up 16.04% year-to-date (YTD), while AAXJ has returned 16.67%. That puts AAXJ better performer ahead so far this year.

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

Year-to-date, the EEMA ETF saw -$473M in flows, compared to +$265M for AAXJ.

Which ETF is more volatile: EEMA or AAXJ?

Over the past year, EEMA had a volatility of 17.22%, while AAXJ experienced 17.03%.

Which ETF is bigger: EEMA or AAXJ?

As of May 1, 2026, EEMA holds $1.30 B in assets under management (AUM), while AAXJ manages $3.84 B.

What sectors do the EEMA and AAXJ ETFs invest in?

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

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

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

Which ETF is more diversified: EEMA or AAXJ?

EEMA holds 870 securities with 39.85% of its assets in the top 15. AAXJ has 902 securities and a top 15 weight of 41.26%.

An introduction to foreign ETFs

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