AAXJ vs EEM overlap - what they share and where they differ
AAXJ and EEM share 79.5% of their weight across 798 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 EEM
79.5%
798 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
EEM
iShares MSCI Emerging Markets ETF
Reported positions cover 97% of the fund, 1,060 positions · Aug 31, 2026
Top 10: 38.0%·Holdings of EEM
Reported positions cover AAXJ 97%, EEM 97% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
EEM vs AAXJ side by side
AAXJiShares MSCI All Country Asia ex Japan ETF
838
stock positions reported to the SEC
6.8% of its weight is in 40 names EEM does not hold
EEMiShares MSCI Emerging Markets ETF
1,060
stock positions reported to the SEC
16.9% of its weight is in 262 names AAXJ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: AAXJ has 4.8 points more of it.
The figures side by side
| AAXJ | EEM | |
|---|---|---|
| Filing date | Jul 31, 2026 | Aug 31, 2026 |
| Stock positions reported | 838 | 1,060 |
| Weight of the ten largest | 43.2% | 38.0% |
| Largest position | TSM 17.2% | TSM 15.0% |
| Held alone | 40 positions, 6.8% | 262 positions, 16.9% |
| Covered by stock positions | 97% | 97% |
Holdings they share
| Stock | In AAXJ | In EEM | Counted |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Company Limited | 17.21% | 15.03% | 15.03% |
| SAMSUNG ELECTRONICS CO., LTD. | 8.63% | 8.05% | 8.05% |
| SKHYSK hynix Inc. | 5.93% | 5.42% | 5.42% |
| TENCENT HOLDINGS LIMITED | 3.55% | 2.87% | 2.87% |
| BABAAlibaba Group Holding Limited | 2.41% | 1.94% | 1.94% |
| MEDIATEK INC. | 1.46% | 1.45% | 1.45% |
| DELTA ELECTRONICS, INC. | 0.90% | 0.92% | 0.90% |
| CHINA CONSTRUCTION BANK CORPORATION | 0.96% | 0.84% | 0.84% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.89% | 0.78% | 0.78% |
| HDBHDFC BANK LIMITED | 0.84% | 0.70% | 0.70% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in AAXJ
Only in EEM
Questions people ask
Is AAXJ the same as EEM?
79.5% of their weight sits in the same 798 holdings. AAXJ also reports DBS GROUP HOLDINGS LTD, AIAI, OVERSEA-CHINESE BANKING CORPORATION LIMITED, which the other does not. EEM also reports PBR, AU, AL RAJHI BANKING AND INVESTMENT CORPORATION SJSC, which the other does not.
How is the overlap between AAXJ and EEM 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 97% of EEM, so the number cannot exceed the smaller coverage.
Which holds more, EEM or AAXJ?
AAXJ reports 838 stock positions and EEM reports 1,060. 6.8% of AAXJ's weight sits in names EEM does not hold, and 16.9% of EEM's weight in names AAXJ does not hold. The ten largest positions are 43.2% of AAXJ and 38.0% of EEM.
How do AAXJ and EEM differ by sector?
The widest gap is Technology: AAXJ has 4.8 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.