DXJ vs EWJ overlap - what they share and where they differ
DXJ and EWJ share 23.9% of their weight across 21 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.
DXJ and EWJ
23.9%
21 shared positions
DXJ
WisdomTree Japan Hedged Equity Fund
Reported positions cover 96% of the fund, 396 positions · Mar 31, 2026
Top 10: 36.3%·Holdings of DXJ
EWJ
iShares MSCI Japan ETF
Reported positions cover 99% of the fund, 166 positions · May 31, 2026
Top 10: 32.1%·Holdings of EWJ
Reported positions cover DXJ 96%, EWJ 99% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
EWJ vs DXJ side by side
DXJWisdomTree Japan Hedged Equity Fund
396
stock positions reported to the SEC
62.6% of its weight is in 375 names EWJ does not hold
EWJiShares MSCI Japan ETF
166
stock positions reported to the SEC
72.5% of its weight is in 145 names DXJ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Financial Services: DXJ has 4.1 points more of it.
The figures side by side
| DXJ | EWJ | |
|---|---|---|
| Filing date | Mar 31, 2026 | May 31, 2026 |
| Stock positions reported | 396 | 166 |
| Weight of the ten largest | 36.3% | 32.1% |
| Largest position | MUFG 7.8% | MUFG 6.0% |
| Held alone | 375 positions, 62.6% | 145 positions, 72.5% |
| Covered by stock positions | 96% | 99% |
Holdings they share
| Stock | In DXJ | In EWJ | Counted |
|---|---|---|---|
| MUFGMitsubishi Corp. | 7.77% | 6.00% | 6.00% |
| SMFGSumitomo Mitsui Trust Group Inc. | 5.30% | 3.90% | 3.90% |
| TMToyota Motor Corp. | 4.56% | 3.43% | 3.43% |
| NODKNippon Paper Industries Co., Ltd. | 3.96% | 2.67% | 2.67% |
| MFGMizuho Financial Group Inc. | 2.31% | 2.14% | 2.14% |
| TAKTakeda Pharmaceutical Co Ltd. | 2.05% | 0.97% | 0.97% |
| KOMATSU LTD. | 1.05% | 0.74% | 0.74% |
| HMCHonda Motor Co Ltd. | 1.47% | 0.64% | 0.64% |
| ASTELLAS PHARMA INC. | 1.04% | 0.49% | 0.49% |
| SONYSony Group Corp. | 0.48% | 2.54% | 0.48% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in DXJ
Only in EWJ
Questions people ask
Is DXJ the same as EWJ?
23.9% of their weight sits in the same 21 holdings. DXJ also reports TOKIO MARINE HOLDINGS INC., MITSUI & CO LTD., JAPAN TOBACCO INC, which the other does not. EWJ also reports SOFTBANK GROUP CORP., TOKYO ELECTRON LIMITED, HITACHI, LTD., which the other does not.
How is the overlap between DXJ and EWJ measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 96% of DXJ and 99% of EWJ, so the number cannot exceed the smaller coverage.
Which holds more, EWJ or DXJ?
DXJ reports 396 stock positions and EWJ reports 166. 62.6% of DXJ's weight sits in names EWJ does not hold, and 72.5% of EWJ's weight in names DXJ does not hold. The ten largest positions are 36.3% of DXJ and 32.1% of EWJ.
How do DXJ and EWJ differ by sector?
The widest gap is Financial Services: DXJ has 4.1 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.