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AAXJ
iShares MSCI All Country Asia ex Japan ETFETF · International Equity
$117.64+1.24%
as of market close, Sep 11, 2026
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iShares MSCI All Country Asia ex Japan ETF drawdown: 5.3% below the all-time high

IShares MSCI All Country Asia ex Japan ETF is 5.3% below its all-time high, set Jun 22, 2026 (as of market close, Sep 11, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.

Below all-time high
−5.3%
94.7% of ATH
All-time high
$124.21
Jun 22, 2026
Time below the high
3 mo
since Jun 22, 2026
Worst-ever drawdown
−49.4%
Nov 20, 2008
Longest underwater
4.9 yrs
between all-time highs
Today's level first reached
May 26, 2026
4 mo ago
Last time this deep
Jun 10, 2026
in a previous episode

% of all-time high since 2008#

The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.

Basis
Range
All-time high = 100%50%60%70%80%90%
AAXJ close · log50.00100
2010201520202025

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
Aug 15, 2008Nov 20, 2008−49.4%3 moJul 20, 200911 mo
Feb 17, 2021Oct 24, 2022−45.9%1.7 yrsJan 28, 20264.9 yrs
Jan 26, 2018Mar 23, 2020−35.6%2.2 yrsNov 5, 20202.8 yrs
Apr 27, 2015Jan 20, 2016−32.6%9 moJul 14, 20172.2 yrs
Nov 5, 2010Oct 3, 2011−30.8%11 moJul 28, 20143.7 yrs
Apr 14, 2010May 20, 2010−15.6%36 daysSep 24, 20105 mo

Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.

Drawdown vs what came next#

One dot per month since 2008: how far iShares MSCI All Country Asia ex Japan ETF stood below its all-time high, and the total return over the following 1, 5 and 10 years.

1950–19992000–today

Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.

FAQ#

How far is iShares MSCI All Country Asia ex Japan ETF from its all-time high?
iShares MSCI All Country Asia ex Japan ETF is currently 5.3% below its all-time high, set Jun 22, 2026 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
What was the biggest iShares MSCI All Country Asia ex Japan ETF drawdown ever?
The deepest decline on record in our data (since 2008) took iShares MSCI All Country Asia ex Japan ETF 49.4% below its prior high, bottoming Nov 20, 2008. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from AAXJ; no free deep history exists for iShares MSCI All Country Asia ex Japan ETF — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.

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