AAXJ vs DFEM overlap - what they share and where they differ
AAXJ and DFEM share 53.1% of their weight across 737 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
53.1%
737 shared positions
AAXJ
iShares MSCI All Country Asia ex Japan ETF
Reported positions cover 97% of the fund, 838 positions · Jul 31, 2026
Top 10: 43.2%·Holdings of AAXJ
DFEM
Dimensional Emerging Markets Core Equity 2 ETF
Reported positions cover 94% of the fund, 6,249 positions · Jul 31, 2026
Top 10: 24.4%·Holdings of DFEM
Reported positions cover AAXJ 97%, DFEM 94% 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
838
stock positions reported to the SEC
10.1% of its weight is in 101 names DFEM does not hold
DFEMDimensional Emerging Markets Core Equity 2 ETF
6,249
stock positions reported to the SEC
37.3% of its weight is in 5,512 names AAXJ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: AAXJ has 12.4 points more of it.
The figures side by side
| AAXJ | DFEM | |
|---|---|---|
| Filing date | Jul 31, 2026 | Jul 31, 2026 |
| Stock positions reported | 838 | 6,249 |
| Weight of the ten largest | 43.2% | 24.4% |
| Largest position | TSM 17.2% | TSM 10.3% |
| Held alone | 101 positions, 10.1% | 5,512 positions, 37.3% |
| Covered by stock positions | 97% | 94% |
Holdings they share
| Stock | In AAXJ | In DFEM | Counted |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Company Limited | 17.21% | 10.27% | 10.27% |
| SAMSUNG ELECTRONICS CO., LTD. | 8.63% | 4.40% | 4.40% |
| SKHYSK hynix Inc. | 5.93% | 4.25% | 4.25% |
| TENCENT HOLDINGS LIMITED | 3.55% | 1.95% | 1.95% |
| BABAAlibaba Group Holding Limited | 2.41% | 0.82% | 0.82% |
| CHINA CONSTRUCTION BANK CORPORATION | 0.96% | 0.75% | 0.75% |
| SUGPSUNWODA ELECTRONIC CO., LTD | 0.61% | 0.57% | 0.57% |
| PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD. | 0.51% | 0.48% | 0.48% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.89% | 0.46% | 0.46% |
| MEDIATEK INC. | 1.46% | 0.41% | 0.41% |
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?
53.1% of their weight sits in the same 737 holdings. AAXJ also reports DBS GROUP HOLDINGS LTD, AIAI, OVERSEA-CHINESE BANKING CORPORATION LIMITED, which the other does not. DFEM also reports PBR, KINSUS INTERCONNECT TECHNOLOGY CORP, 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 94% of DFEM, so the number cannot exceed the smaller coverage.
Which holds more, DFEM or AAXJ?
AAXJ reports 838 stock positions and DFEM reports 6,249. 10.1% of AAXJ's weight sits in names DFEM does not hold, and 37.3% of DFEM's weight in names AAXJ does not hold. The ten largest positions are 43.2% of AAXJ and 24.4% of DFEM.
How do AAXJ and DFEM differ by sector?
The widest gap is Technology: AAXJ has 12.4 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.
Add a third fund in the tool·All fund pairs
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.