AAXJ vs EWH overlap - what they share and where they differ
AAXJ and EWH share 3.8% of their weight across 23 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 EWH
3.8%
23 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
EWH
iShares MSCI Hong Kong ETF
Reported positions cover 88% of the fund, 23 positions · May 31, 2026
Top 10: 66.5%·Holdings of EWH
Reported positions cover AAXJ 97%, EWH 88% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
EWH vs AAXJ side by side
AAXJiShares MSCI All Country Asia ex Japan ETF
784
stock positions reported to the SEC
92.9% of its weight is in 761 names EWH does not hold
EWHiShares MSCI Hong Kong ETF
23
stock positions reported to the SEC
0.0% of its weight is in 0 names AAXJ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Financial Services: AAXJ has 2.8 points more of it.
The figures side by side
| AAXJ | EWH | |
|---|---|---|
| Filing date | Apr 30, 2026 | May 31, 2026 |
| Stock positions reported | 784 | 23 |
| Weight of the ten largest | 40.5% | 66.5% |
| Largest position | TSM 16.3% | AIAI 22.9% |
| Held alone | 761 positions, 92.9% | 0 positions, 0.0% |
| Covered by stock positions | 97% | 88% |
Holdings they share
| Stock | In AAXJ | In EWH | Counted |
|---|---|---|---|
| AIAIAIA Group Limited | 1.09% | 22.85% | 1.09% |
| HONG KONG EXCHANGES AND CLEARING LIMITED | 0.57% | 11.19% | 0.57% |
| SUN HUNG KAI PROPERTIES LIMITED | 0.25% | 4.47% | 0.25% |
| CK HUTCHISON HOLDINGS LIMITED | 0.22% | 6.01% | 0.22% |
| BOC HONG KONG (HOLDINGS) LIMITED | 0.20% | 5.05% | 0.20% |
| TECHTRONIC INDUSTRIES COMPANY LIMITED | 0.20% | 4.34% | 0.20% |
| CLPSCLP HOLDINGS LIMITED | 0.15% | 4.07% | 0.15% |
| CK ASSET HOLDINGS LIMITED | 0.12% | 3.03% | 0.12% |
| JARDINE MATHESON HOLDINGS LIMITED | 0.11% | 2.31% | 0.11% |
| POWER ASSETS HOLDINGS LIMITED | 0.11% | 2.79% | 0.11% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in AAXJ
Only in EWH
Nothing among its reported positions that the others do not also hold.
Questions people ask
Is AAXJ the same as EWH?
3.8% of their weight sits in the same 23 holdings. AAXJ also reports TSM, SAMSUNG ELECTRONICS CO., LTD., SKHY, which the other does not. Among its reported positions, EWH holds nothing the other does not also hold.
How is the overlap between AAXJ and EWH 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 88% of EWH, so the number cannot exceed the smaller coverage.
Which holds more, EWH or AAXJ?
AAXJ reports 784 stock positions and EWH reports 23. 92.9% of AAXJ's weight sits in names EWH does not hold, and 0.0% of EWH's weight in names AAXJ does not hold. The ten largest positions are 40.5% of AAXJ and 66.5% of EWH.
How do AAXJ and EWH differ by sector?
The widest gap is Financial Services: AAXJ has 2.8 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.
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.