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

AAXJ and ESGE share 59.1% of their weight across 196 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 ESGE

59.1%

196 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

ESGE

iShares ESG Aware MSCI EM ETF

Reported positions cover 97% of the fund, 257 positions · May 31, 2026

Top 10: 40.2%·Holdings of ESGE

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

ESGE vs AAXJ side by side

AAXJiShares MSCI All Country Asia ex Japan ETF

784

stock positions reported to the SEC

31.6% of its weight is in 588 names ESGE does not hold

ESGEiShares ESG Aware MSCI EM ETF

257

stock positions reported to the SEC

15.5% of its weight is in 61 names AAXJ does not hold

Where each fund's weight sits

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

Largest sectors for both funds

Technology
27.8%
25.3%
Financial Services
2.8%
3.6%
Consumer Cyclical
1.8%
1.6%
Communication Services
0.4%
1.4%
Basic Materials
0.0%
1.3%
Industrials
0.4%
0.0%

The widest gap is Technology: AAXJ has 2.5 points more of it.

The figures side by side

AAXJESGE
Filing dateApr 30, 2026May 31, 2026
Stock positions reported784257
Weight of the ten largest40.5%40.2%
Largest positionTSM 16.3%TSM 14.9%
Held alone588 positions, 31.6%61 positions, 15.5%
Covered by stock positions97%97%

Holdings they share

StockIn AAXJIn ESGECounted
TSMTaiwan Semiconductor Manufacturing Company Limited16.28%14.90%14.90%
SAMSUNG ELECTRONICS CO., LTD.7.62%9.77%7.62%
SKHYSK hynix Inc.4.63%4.62%4.62%
TENCENT HOLDINGS LIMITED3.70%2.64%2.64%
BABAAlibaba Group Holding Limited2.70%1.96%1.96%
DELTA ELECTRONICS, INC.1.30%1.43%1.30%
MEDIATEK INC.1.21%1.50%1.21%
CHINA CONSTRUCTION BANK CORPORATION1.05%1.34%1.05%
HDBHDFC BANK LIMITED0.88%0.86%0.86%
RSRELIANCE INDUSTRIES LIMITED0.88%0.66%0.66%

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%
BHARTI AIRTEL LIMITED0.48%
BANK OF CHINA LIMITED0.45%
ELITE MATERIAL CO., LTD.0.42%
UNIMICRON TECHNOLOGY CORP.0.35%
UNITED OVERSEAS BANK LIMITED0.34%
ZIJIN MINING GROUP COMPANY LIMITED0.33%

Only in ESGE

AL RAJHI BANKING AND INVESTMENT CORPORATION SJSC0.80%
PBRPetroleo Brasileiro S.A. (Petrobras)0.54%
NEPI ROCKCASTLE N.V.0.52%
SAUDI TELECOM COMPANY SJSC0.48%
GFIGold Fields Limited0.47%
B3 S.A - BRASIL, BOLSA, BALCAO0.44%
QATAR NATIONAL BANK (Q.P.S.C.)0.44%
AUANGLOGOLD ASHANTI PLC0.43%
ALLEGRO.EU SA0.42%
VODACOM GROUP LIMITED0.41%

Questions people ask

Is AAXJ the same as ESGE?

59.1% of their weight sits in the same 196 holdings. AAXJ also reports AIAI, DBS GROUP HOLDINGS LTD, HONG KONG EXCHANGES AND CLEARING LIMITED, which the other does not. ESGE also reports AL RAJHI BANKING AND INVESTMENT CORPORATION SJSC, PBR, NEPI ROCKCASTLE N.V., which the other does not.

How is the overlap between AAXJ and ESGE 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 ESGE, so the number cannot exceed the smaller coverage.

Which holds more, ESGE or AAXJ?

AAXJ reports 784 stock positions and ESGE reports 257. 31.6% of AAXJ's weight sits in names ESGE does not hold, and 15.5% of ESGE's weight in names AAXJ does not hold. The ten largest positions are 40.5% of AAXJ and 40.2% of ESGE.

How do AAXJ and ESGE differ by sector?

The widest gap is Technology: AAXJ has 2.5 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.