AAXJ vs DFEM overlap - what they share and where they differ
AAXJ and DFEM share 49.9% of their weight across 569 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 DFEM
49.9%
569 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
DFEM
Dimensional Emerging Markets Core Equity 2 ETF
Reported positions cover 89% of the fund, 2,205 positions · Apr 30, 2026
Top 10: 21.9%·Holdings of DFEM
Reported positions cover AAXJ 97%, DFEM 89% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
DFEM vs AAXJ side by side
AAXJiShares MSCI All Country Asia ex Japan ETF
784
stock positions reported to the SEC
12.7% of its weight is in 215 names DFEM does not hold
DFEMDimensional Emerging Markets Core Equity 2 ETF
2,205
stock positions reported to the SEC
34.7% of its weight is in 1,636 names AAXJ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: AAXJ has 12.6 points more of it.
The figures side by side
| AAXJ | DFEM | |
|---|---|---|
| Filing date | Apr 30, 2026 | Apr 30, 2026 |
| Stock positions reported | 784 | 2,205 |
| Weight of the ten largest | 40.5% | 21.9% |
| Largest position | TSM 16.3% | TSM 9.2% |
| Held alone | 215 positions, 12.7% | 1,636 positions, 34.7% |
| Covered by stock positions | 97% | 89% |
Holdings they share
| Stock | In AAXJ | In DFEM | Counted |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Company Limited | 16.28% | 9.24% | 9.24% |
| SAMSUNG ELECTRONICS CO., LTD. | 7.62% | 3.72% | 3.72% |
| SKHYSK hynix Inc. | 4.63% | 3.20% | 3.20% |
| TENCENT HOLDINGS LIMITED | 3.70% | 1.95% | 1.95% |
| BABAAlibaba Group Holding Limited | 2.70% | 0.95% | 0.95% |
| CHINA CONSTRUCTION BANK CORPORATION | 1.05% | 0.75% | 0.75% |
| PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD. | 0.57% | 0.54% | 0.54% |
| DELTA ELECTRONICS, INC. | 1.30% | 0.51% | 0.51% |
| HYUNDAI MOTOR COMPANY | 0.46% | 0.44% | 0.44% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.85% | 0.40% | 0.40% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in AAXJ
Only in DFEM
Questions people ask
Is AAXJ the same as DFEM?
49.9% of their weight sits in the same 569 holdings. AAXJ also reports AIAI, DBS GROUP HOLDINGS LTD, HONG KONG EXCHANGES AND CLEARING LIMITED, which the other does not. DFEM also reports PBR, MPI CORPORATION, AL RAJHI BANKING AND INVESTMENT CORPORATION SJSC, which the other does not.
How is the overlap between AAXJ and DFEM 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 89% of DFEM, so the number cannot exceed the smaller coverage.
Which holds more, DFEM or AAXJ?
AAXJ reports 784 stock positions and DFEM reports 2,205. 12.7% of AAXJ's weight sits in names DFEM does not hold, and 34.7% of DFEM's weight in names AAXJ does not hold. The ten largest positions are 40.5% of AAXJ and 21.9% of DFEM.
How do AAXJ and DFEM differ by sector?
The widest gap is Technology: AAXJ has 12.6 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.