AAXJ vs MCHI overlap - what they share and where they differ
AAXJ and MCHI share 23.9% of their weight across 442 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 MCHI
23.9%
442 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
MCHI
iShares MSCI China ETF
Reported positions cover 96% of the fund, 508 positions · May 31, 2026
Top 10: 41.3%·Holdings of MCHI
Reported positions cover AAXJ 97%, MCHI 96% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
MCHI vs AAXJ side by side
AAXJiShares MSCI All Country Asia ex Japan ETF
838
stock positions reported to the SEC
73.0% of its weight is in 396 names MCHI does not hold
MCHIiShares MSCI China ETF
508
stock positions reported to the SEC
1.9% of its weight is in 66 names AAXJ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: AAXJ has 13.9 points more of it.
The figures side by side
| AAXJ | MCHI | |
|---|---|---|
| Filing date | Jul 31, 2026 | May 31, 2026 |
| Stock positions reported | 838 | 508 |
| Weight of the ten largest | 43.2% | 41.3% |
| Largest position | TSM 17.2% | TENCENT HOLDINGS LIMITED 13.2% |
| Held alone | 396 positions, 73.0% | 66 positions, 1.9% |
| Covered by stock positions | 97% | 96% |
Holdings they share
| Stock | In AAXJ | In MCHI | Counted |
|---|---|---|---|
| TENCENT HOLDINGS LIMITED | 3.55% | 13.21% | 3.55% |
| BABAAlibaba Group Holding Limited | 2.41% | 10.14% | 2.41% |
| CHINA CONSTRUCTION BANK CORPORATION | 0.96% | 4.04% | 0.96% |
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED | 0.63% | 2.25% | 0.63% |
| SUGPSUNWODA ELECTRONIC CO., LTD | 0.61% | 0.73% | 0.61% |
| XIAOMI CORPORATION | 0.59% | 2.35% | 0.59% |
| MEITUAN | 0.55% | 1.84% | 0.55% |
| PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD. | 0.51% | 2.15% | 0.51% |
| BANK OF CHINA LIMITED | 0.46% | 1.88% | 0.46% |
| BYD COMPANY LIMITED | 0.45% | 1.80% | 0.45% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in AAXJ
Only in MCHI
Questions people ask
Is AAXJ the same as MCHI?
23.9% of their weight sits in the same 442 holdings. AAXJ also reports TSM, SAMSUNG ELECTRONICS CO., LTD., SKHY, which the other does not. MCHI also reports HUA HONG SEMICONDUCTOR LIMITED, MEITU, INC., CHINA LITERATURE LTD, which the other does not.
How is the overlap between AAXJ and MCHI 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 96% of MCHI, so the number cannot exceed the smaller coverage.
Which holds more, MCHI or AAXJ?
AAXJ reports 838 stock positions and MCHI reports 508. 73.0% of AAXJ's weight sits in names MCHI does not hold, and 1.9% of MCHI's weight in names AAXJ does not hold. The ten largest positions are 43.2% of AAXJ and 41.3% of MCHI.
How do AAXJ and MCHI differ by sector?
The widest gap is Technology: AAXJ has 13.9 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.