AAXJ
iShares MSCI All Country Asia ex Japan ETF
#1 of 6 in Broad Regions by own-history percentile (high → low)
Relative to SPY
Relative price history
AAXJ ÷ SPY, 10-year range, as of Sep 18, 2026
How the reading moved
These changes re-score an older AAXJ÷SPY ratio against today's 10-year window, so they show whether the relative price has drifted toward the highs or lows of its own history — not a peer ranking and not a return forecast.
- About one week: +13.3 pts (from 17% on Aug 31, 2026 to 30.3% now)
- About one month: +14.7 pts (from 15.6% on Jul 31, 2026 to 30.3% now)
Broad Regions
Where this sits among peers
Broad Regions · AAXJ highlighted · same axes as the category chart on the home page
Top holdings
Holdings snapshot as of Jul 17, 2026.
What moves this
AAXJ overlaps heavily with the broader emerging-markets basket — China, Taiwan, and India together make up most of its weight — so its relative-price history tends to move in close step with VWO rather than telling a meaningfully different regional story.
FAQ
How is this different from the emerging-markets page?
It excludes Japan (a developed market) but otherwise overlaps substantially with the emerging-markets basket, so the two often move together.
Why exclude Japan specifically?
Japan is classified as a developed market, so an 'Asia ex-Japan' fund is really an emerging/developing-Asia basket rather than an all-Asia one.
Is there value in tracking this separately from broader EM?
It's useful when you want Asia-specific exposure without Latin America or EMEA components that are also part of the broader EM basket.
Broad Regions