AAXJ vs SCHE overlap - what they share and where they differ
AAXJ and SCHE share 62.9% of their weight across 657 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 SCHE
62.9%
657 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
SCHE
Schwab Emerging Markets Equity ETF
Reported positions cover 98% of the fund, 2,004 positions · May 31, 2026
Top 10: 30.4%·Holdings of SCHE
Reported positions cover AAXJ 97%, SCHE 98% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SCHE vs AAXJ side by side
AAXJiShares MSCI All Country Asia ex Japan ETF
838
stock positions reported to the SEC
31.7% of its weight is in 181 names SCHE does not hold
SCHESchwab Emerging Markets Equity ETF
2,004
stock positions reported to the SEC
29.7% of its weight is in 1,347 names AAXJ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: AAXJ has 6.1 points more of it.
The figures side by side
| AAXJ | SCHE | |
|---|---|---|
| Filing date | Jul 31, 2026 | May 31, 2026 |
| Stock positions reported | 838 | 2,004 |
| Weight of the ten largest | 43.2% | 30.4% |
| Largest position | TSM 17.2% | TSM 17.1% |
| Held alone | 181 positions, 31.7% | 1,347 positions, 29.7% |
| Covered by stock positions | 97% | 98% |
Holdings they share
| Stock | In AAXJ | In SCHE | Counted |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Company Limited | 17.21% | 17.06% | 17.06% |
| TENCENT HOLDINGS LIMITED | 3.55% | 3.15% | 3.15% |
| BABAAlibaba Group Holding Limited | 2.41% | 2.57% | 2.41% |
| MEDIATEK INC. | 1.46% | 1.88% | 1.46% |
| CHINA CONSTRUCTION BANK CORPORATION | 0.96% | 0.90% | 0.90% |
| DELTA ELECTRONICS, INC. | 0.90% | 1.40% | 0.90% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.89% | 1.04% | 0.89% |
| HDBHDFC BANK LIMITED | 0.84% | 0.83% | 0.83% |
| RSRELIANCE INDUSTRIES LIMITED | 0.78% | 0.88% | 0.78% |
| IBNICICI BANK LIMITED | 0.75% | 0.65% | 0.65% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in AAXJ
Only in SCHE
Questions people ask
Is AAXJ the same as SCHE?
62.9% of their weight sits in the same 657 holdings. AAXJ also reports SAMSUNG ELECTRONICS CO., LTD., SKHY, DBS GROUP HOLDINGS LTD, which the other does not. SCHE also reports PDD, VALE S.A., AL RAJHI BANK, which the other does not.
How is the overlap between AAXJ and SCHE 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 98% of SCHE, so the number cannot exceed the smaller coverage.
Which holds more, SCHE or AAXJ?
AAXJ reports 838 stock positions and SCHE reports 2,004. 31.7% of AAXJ's weight sits in names SCHE does not hold, and 29.7% of SCHE's weight in names AAXJ does not hold. The ten largest positions are 43.2% of AAXJ and 30.4% of SCHE.
How do AAXJ and SCHE differ by sector?
The widest gap is Technology: AAXJ has 6.1 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.