AAXJ vs VWO overlap - what they share and where they differ
AAXJ and VWO share 61.3% of their weight across 663 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 VWO
61.3%
663 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
VWO
VANGUARD EMERGING MARKETS STOCK INDEX FUND
Reported positions cover 98% of the fund, 4,548 positions · Jul 31, 2026
Top 10: 27.5%·Holdings of VWO
Reported positions cover AAXJ 97%, VWO 98% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
VWO vs AAXJ side by side
AAXJiShares MSCI All Country Asia ex Japan ETF
838
stock positions reported to the SEC
31.3% of its weight is in 175 names VWO does not hold
VWOVANGUARD EMERGING MARKETS STOCK INDEX FUND
4,548
stock positions reported to the SEC
35.0% of its weight is in 3,885 names AAXJ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: AAXJ has 7.9 points more of it.
The figures side by side
| AAXJ | VWO | |
|---|---|---|
| Filing date | Jul 31, 2026 | Jul 31, 2026 |
| Stock positions reported | 838 | 4,548 |
| Weight of the ten largest | 43.2% | 27.5% |
| Largest position | TSM 17.2% | TSM 15.6% |
| Held alone | 175 positions, 31.3% | 3,885 positions, 35.0% |
| Covered by stock positions | 97% | 98% |
Holdings they share
| Stock | In AAXJ | In VWO | Counted |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Company Limited | 17.21% | 15.59% | 15.59% |
| TENCENT HOLDINGS LIMITED | 3.55% | 3.31% | 3.31% |
| BABAAlibaba Group Holding Limited | 2.41% | 2.41% | 2.41% |
| MEDIATEK INC. | 1.46% | 1.36% | 1.36% |
| CHINA CONSTRUCTION BANK CORPORATION | 0.96% | 0.92% | 0.92% |
| DELTA ELECTRONICS, INC. | 0.90% | 0.82% | 0.82% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.89% | 0.81% | 0.81% |
| HDBHDFC BANK LIMITED | 0.84% | 0.78% | 0.78% |
| RSRELIANCE INDUSTRIES LIMITED | 0.78% | 0.81% | 0.78% |
| IBNICICI BANK LIMITED | 0.75% | 0.69% | 0.69% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in AAXJ
Only in VWO
Questions people ask
Is AAXJ the same as VWO?
61.3% of their weight sits in the same 663 holdings. AAXJ also reports SAMSUNG ELECTRONICS CO., LTD., SKHY, DBS GROUP HOLDINGS LTD, which the other does not. VWO also reports PDD, VALE S.A., AL RAJHI BANK, which the other does not.
How is the overlap between AAXJ and VWO 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 VWO, so the number cannot exceed the smaller coverage.
Which holds more, VWO or AAXJ?
AAXJ reports 838 stock positions and VWO reports 4,548. 31.3% of AAXJ's weight sits in names VWO does not hold, and 35.0% of VWO's weight in names AAXJ does not hold. The ten largest positions are 43.2% of AAXJ and 27.5% of VWO.
How do AAXJ and VWO differ by sector?
The widest gap is Technology: AAXJ has 7.9 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.