AAXJ vs EMXC overlap - what they share and where they differ
AAXJ and EMXC share 65.4% of their weight across 346 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 EMXC
65.4%
346 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
EMXC
iShares MSCI Emerging Markets ex China ETF
Reported positions cover 98% of the fund, 587 positions · May 31, 2026
Top 10: 45.0%·Holdings of EMXC
Reported positions cover AAXJ 97%, EMXC 98% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
EMXC vs AAXJ side by side
AAXJiShares MSCI All Country Asia ex Japan ETF
838
stock positions reported to the SEC
30.1% of its weight is in 492 names EMXC does not hold
EMXCiShares MSCI Emerging Markets ex China ETF
587
stock positions reported to the SEC
20.4% of its weight is in 241 names AAXJ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Basic Materials: EMXC has 1.8 points more of it.
The figures side by side
| AAXJ | EMXC | |
|---|---|---|
| Filing date | Jul 31, 2026 | May 31, 2026 |
| Stock positions reported | 838 | 587 |
| Weight of the ten largest | 43.2% | 45.0% |
| Largest position | TSM 17.2% | TSM 17.9% |
| Held alone | 492 positions, 30.1% | 241 positions, 20.4% |
| Covered by stock positions | 97% | 98% |
Holdings they share
| Stock | In AAXJ | In EMXC | Counted |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Company Limited | 17.21% | 17.94% | 17.21% |
| SAMSUNG ELECTRONICS CO., LTD. | 8.63% | 10.82% | 8.63% |
| SKHYSK hynix Inc. | 5.93% | 8.35% | 5.93% |
| MEDIATEK INC. | 1.46% | 2.04% | 1.46% |
| DELTA ELECTRONICS, INC. | 0.90% | 1.47% | 0.90% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.89% | 1.13% | 0.89% |
| HDBHDFC BANK LIMITED | 0.84% | 0.87% | 0.84% |
| RSRELIANCE INDUSTRIES LIMITED | 0.78% | 0.83% | 0.78% |
| IBNICICI BANK LIMITED | 0.75% | 0.68% | 0.68% |
| SK SQUARE CO., LTD. | 0.60% | 0.75% | 0.60% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in AAXJ
Only in EMXC
Questions people ask
Is AAXJ the same as EMXC?
65.4% of their weight sits in the same 346 holdings. AAXJ also reports TENCENT HOLDINGS LIMITED, BABA, DBS GROUP HOLDINGS LTD, which the other does not. EMXC also reports PBR, VALE S.A., AL RAJHI BANKING AND INVESTMENT CORPORATION SJSC, which the other does not.
How is the overlap between AAXJ and EMXC 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 98% of EMXC, so the number cannot exceed the smaller coverage.
Which holds more, EMXC or AAXJ?
AAXJ reports 838 stock positions and EMXC reports 587. 30.1% of AAXJ's weight sits in names EMXC does not hold, and 20.4% of EMXC's weight in names AAXJ does not hold. The ten largest positions are 43.2% of AAXJ and 45.0% of EMXC.
How do AAXJ and EMXC differ by sector?
The widest gap is Basic Materials: EMXC has 1.8 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.