AAXJ vs EWY overlap - what they share and where they differ
AAXJ and EWY share 21.8% of their weight across 73 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 EWY
21.8%
73 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
EWY
iShares MSCI South Korea ETF
Reported positions cover 99% of the fund, 77 positions · May 31, 2026
Top 10: 69.7%·Holdings of EWY
Reported positions cover AAXJ 97%, EWY 99% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
EWY vs AAXJ side by side
AAXJiShares MSCI All Country Asia ex Japan ETF
838
stock positions reported to the SEC
75.1% of its weight is in 765 names EWY does not hold
EWYiShares MSCI South Korea ETF
77
stock positions reported to the SEC
0.7% of its weight is in 4 names AAXJ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Consumer Cyclical: AAXJ has 1.8 points more of it.
The figures side by side
| AAXJ | EWY | |
|---|---|---|
| Filing date | Jul 31, 2026 | May 31, 2026 |
| Stock positions reported | 838 | 77 |
| Weight of the ten largest | 43.2% | 69.7% |
| Largest position | TSM 17.2% | SKHY 30.9% |
| Held alone | 765 positions, 75.1% | 4 positions, 0.7% |
| Covered by stock positions | 97% | 99% |
Holdings they share
| Stock | In AAXJ | In EWY | Counted |
|---|---|---|---|
| SAMSUNG ELECTRONICS CO., LTD. | 8.63% | 23.94% | 8.63% |
| SKHYSK hynix Inc. | 5.93% | 30.85% | 5.93% |
| SK SQUARE CO., LTD. | 0.60% | 3.08% | 0.60% |
| SAMSUNG ELECTRO-MECHANICS CO.,LTD | 0.40% | 3.42% | 0.40% |
| KBKB Financial Group Inc. | 0.39% | 1.40% | 0.39% |
| HYUNDAI MOTOR COMPANY | 0.33% | 2.43% | 0.33% |
| SHGSHINHAN FINANCIAL GROUP CO.,LTD | 0.27% | 1.03% | 0.27% |
| HANA FINANCIAL GROUP INCHana Financial Group Inc. | 0.23% | 0.83% | 0.23% |
| HANWHA AEROSPACE CO., LTD. | 0.20% | 1.01% | 0.20% |
| KIA CORPKIA CORPORATION | 0.20% | 1.01% | 0.20% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in AAXJ
Only in EWY
Questions people ask
Is AAXJ the same as EWY?
21.8% of their weight sits in the same 73 holdings. AAXJ also reports TSM, TENCENT HOLDINGS LIMITED, BABA, which the other does not. EWY also reports HLB INC, HD HYUNDAI MARINE SOLUTION CO LTD, SK BIOPHARMACEUTICALS CO LTD, which the other does not.
How is the overlap between AAXJ and EWY 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 99% of EWY, so the number cannot exceed the smaller coverage.
Which holds more, EWY or AAXJ?
AAXJ reports 838 stock positions and EWY reports 77. 75.1% of AAXJ's weight sits in names EWY does not hold, and 0.7% of EWY's weight in names AAXJ does not hold. The ten largest positions are 43.2% of AAXJ and 69.7% of EWY.
How do AAXJ and EWY differ by sector?
The widest gap is Consumer Cyclical: AAXJ 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.