AAXJ vs IEMG overlap - what they share and where they differ
AAXJ and IEMG share 69.1% of their weight across 686 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 IEMG
69.1%
686 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
IEMG
iShares Core MSCI Emerging Markets ETF
Reported positions cover 97% of the fund, 1,755 positions · May 31, 2026
Top 10: 34.6%·Holdings of IEMG
Reported positions cover AAXJ 97%, IEMG 97% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
IEMG vs AAXJ side by side
AAXJiShares MSCI All Country Asia ex Japan ETF
784
stock positions reported to the SEC
7.4% of its weight is in 98 names IEMG does not hold
IEMGiShares Core MSCI Emerging Markets ETF
1,755
stock positions reported to the SEC
25.3% of its weight is in 1,069 names AAXJ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: AAXJ has 5.2 points more of it.
The figures side by side
| AAXJ | IEMG | |
|---|---|---|
| Filing date | Apr 30, 2026 | May 31, 2026 |
| Stock positions reported | 784 | 1,755 |
| Weight of the ten largest | 40.5% | 34.6% |
| Largest position | TSM 16.3% | TSM 12.5% |
| Held alone | 98 positions, 7.4% | 1,069 positions, 25.3% |
| Covered by stock positions | 97% | 97% |
Holdings they share
| Stock | In AAXJ | In IEMG | Counted |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Company Limited | 16.28% | 12.49% | 12.49% |
| SAMSUNG ELECTRONICS CO., LTD. | 7.62% | 7.54% | 7.54% |
| SKHYSK hynix Inc. | 4.63% | 5.82% | 4.63% |
| TENCENT HOLDINGS LIMITED | 3.70% | 2.37% | 2.37% |
| BABAAlibaba Group Holding Limited | 2.70% | 1.82% | 1.82% |
| MEDIATEK INC. | 1.21% | 1.42% | 1.21% |
| DELTA ELECTRONICS, INC. | 1.30% | 1.02% | 1.02% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.85% | 0.79% | 0.79% |
| CHINA CONSTRUCTION BANK CORPORATION | 1.05% | 0.72% | 0.72% |
| HDBHDFC BANK LIMITED | 0.88% | 0.61% | 0.61% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in AAXJ
Only in IEMG
Questions people ask
Is AAXJ the same as IEMG?
69.1% of their weight sits in the same 686 holdings. AAXJ also reports AIAI, DBS GROUP HOLDINGS LTD, HONG KONG EXCHANGES AND CLEARING LIMITED, which the other does not. IEMG also reports PBR, VALE, AL RAJHI BANKING AND INVESTMENT CORPORATION SJSC, which the other does not.
How is the overlap between AAXJ and IEMG 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 IEMG, so the number cannot exceed the smaller coverage.
Which holds more, IEMG or AAXJ?
AAXJ reports 784 stock positions and IEMG reports 1,755. 7.4% of AAXJ's weight sits in names IEMG does not hold, and 25.3% of IEMG's weight in names AAXJ does not hold. The ten largest positions are 40.5% of AAXJ and 34.6% of IEMG.
How do AAXJ and IEMG differ by sector?
The widest gap is Technology: AAXJ has 5.2 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.
Other pairs with these funds
IEMG against other funds in the table
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.