AAXJ vs DFAE overlap - what they share and where they differ

AAXJ and DFAE share 60.9% of their weight across 609 common positions, read from what each fund reported to the SEC.

Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.

AAXJ and DFAE

60.9%

609 shared positions

AAXJ

iShares MSCI All Country Asia ex Japan ETF

Reported positions cover 97% of the fund, 784 positions · Apr 30, 2026

Top 10: 40.5%·Holdings of AAXJ

DFAE

Dimensional Emerging Core Equity Market ETF

Reported positions cover 88% of the fund, 1,742 positions · Apr 30, 2026

Top 10: 27.5%·Holdings of DFAE

Reported positions cover AAXJ 97%, DFAE 88% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

DFAE vs AAXJ side by side

AAXJiShares MSCI All Country Asia ex Japan ETF

784

stock positions reported to the SEC

11.8% of its weight is in 175 names DFAE does not hold

DFAEDimensional Emerging Core Equity Market ETF

1,742

stock positions reported to the SEC

25.9% of its weight is in 1,133 names AAXJ does not hold

Where each fund's weight sits

AAXJ
DFAE
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Technology
27.8%
18.9%
Financial Services
2.8%
1.8%
Consumer Cyclical
1.8%
1.1%
Basic Materials
0.0%
0.7%
Energy
0.0%
0.6%
Communication Services
0.4%
0.0%

The widest gap is Technology: AAXJ has 8.9 points more of it.

The figures side by side

AAXJDFAE
Filing dateApr 30, 2026Apr 30, 2026
Stock positions reported7841,742
Weight of the ten largest40.5%27.5%
Largest positionTSM 16.3%TSM 12.2%
Held alone175 positions, 11.8%1,133 positions, 25.9%
Covered by stock positions97%88%

Holdings they share

StockIn AAXJIn DFAECounted
TSMTaiwan Semiconductor Manufacturing Company Limited16.28%12.23%12.23%
SAMSUNG ELECTRONICS CO., LTD.7.62%4.35%4.35%
SKHYSK hynix Inc.4.63%3.49%3.49%
TENCENT HOLDINGS LIMITED3.70%2.65%2.65%
BABAAlibaba Group Holding Limited2.70%1.40%1.40%
DELTA ELECTRONICS, INC.1.30%0.90%0.90%
CHINA CONSTRUCTION BANK CORPORATION1.05%0.78%0.78%
MEDIATEK INC.1.21%0.69%0.69%
HON HAI PRECISION INDUSTRY CO., LTD.0.85%0.53%0.53%
PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD.0.57%0.47%0.47%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in AAXJ

AIAIAIA Group Limited1.09%
DBS GROUP HOLDINGS LTD0.90%
HONG KONG EXCHANGES AND CLEARING LIMITED0.57%
OVERSEA-CHINESE BANKING CORPORATION LIMITED0.55%
SK SQUARE CO., LTD.0.51%
JDJD.COM, INC.0.35%
UNITED OVERSEAS BANK LIMITED0.34%
BIDUBAIDU, INC.0.33%
BAJAJ FINANCE LIMITED0.27%
SINGAPORE TELECOMMUNICATIONS LIMITED0.26%

Only in DFAE

PBRPetroleo Brasileiro S.A. (Petrobras)0.49%
AL RAJHI BANKING AND INVESTMENT CORPORATION SJSC0.35%
AUANGLOGOLD ASHANTI PLC0.29%
SAUDI ARABIAN OIL COMPANY0.28%
NBHCNATIONAL BANK OF GREECE S.A.0.23%
KUWAIT FINANCE HOUSE K.S.C.P0.21%
STANDARD BANK GROUP LIMITED0.21%
EMAAR PROPERTIES (P.J.S.C)0.20%
GRUPO FINANCIERO BANORTE, S.A.B. DE C.V.0.19%
GRUPO MEXICO, S.A.B. DE C.V.0.19%

Questions people ask

Is AAXJ the same as DFAE?

60.9% of their weight sits in the same 609 holdings. AAXJ also reports AIAI, DBS GROUP HOLDINGS LTD, HONG KONG EXCHANGES AND CLEARING LIMITED, which the other does not. DFAE also reports PBR, AL RAJHI BANKING AND INVESTMENT CORPORATION SJSC, AU, which the other does not.

How is the overlap between AAXJ and DFAE measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 97% of AAXJ and 88% of DFAE, so the number cannot exceed the smaller coverage.

Which holds more, DFAE or AAXJ?

AAXJ reports 784 stock positions and DFAE reports 1,742. 11.8% of AAXJ's weight sits in names DFAE does not hold, and 25.9% of DFAE's weight in names AAXJ does not hold. The ten largest positions are 40.5% of AAXJ and 27.5% of DFAE.

How do AAXJ and DFAE differ by sector?

The widest gap is Technology: AAXJ has 8.9 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.

Where do the numbers come from?

From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.

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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.