DXJ vs EWJ overlap - what they share and where they differ

DXJ and EWJ share 61.6% of their weight across 93 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

61.6%

93 shared positions

DXJ

WisdomTree Japan Hedged Equity Fund

Reported positions cover 97% of the fund, 377 positions · Jun 30, 2026

Top 10: 33.7%·Holdings of DXJ

EWJ

iShares MSCI Japan ETF

Reported positions cover 100% of the fund, 153 positions · Aug 31, 2026

Top 10: 32.6%·Holdings of EWJ

Reported positions cover DXJ 97%, EWJ 100% 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

377

stock positions reported to the SEC

18.5% of its weight is in 284 names EWJ does not hold

EWJiShares MSCI Japan ETF

153

stock positions reported to the SEC

21.3% of its weight is in 60 names DXJ does not hold

Where each fund's weight sits

DXJ
EWJ
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Financial Services
14.1%
13.1%
Consumer Cyclical
5.8%
7.0%
Technology
5.1%
2.5%
Healthcare
1.7%
1.1%
Industrials
0.3%
0.1%

The widest gap is Technology: DXJ has 2.6 points more of it.

The figures side by side

DXJEWJ
Filing dateJun 30, 2026Aug 31, 2026
Stock positions reported377153
Weight of the ten largest33.7%32.6%
Largest positionMUFG 6.9%MUFG 6.3%
Held alone284 positions, 18.5%60 positions, 21.3%
Covered by stock positions97%100%

Holdings they share

StockIn DXJIn EWJCounted
MUFGMITSUBISHI CORP6.90%6.34%6.34%
TMTOYOTA MOTOR CORP3.54%3.53%3.53%
NODKNIPPON PAPER INDUSTRIES COMPANY LTD3.61%3.01%3.01%
TOKYO ELECTRON LIMITEDTOKYO ELECTRON LTD3.18%2.98%2.98%
SUMITOMO MITSUI FINANCIAL GROUP, INC.SUMITOMO MITSUI FINANCIAL GROUP INC3.62%2.96%2.96%
MFGMIZUHO FINANCIAL GROUP INC2.70%2.39%2.39%
SUGPSUMITOMO SEIKA CHEMICALS CO LTD3.14%1.94%1.94%
TOKIO MARINE HOLDINGS, INC.TOKIO MARINE HOLDINGS INC2.81%1.63%1.63%
MITSUI & CO., LTD.MITSUI & CO. LTD1.66%1.40%1.40%
ITOCHU CORPORATIONITOCHU CORP1.49%1.39%1.39%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in DXJ

AJINOMOTO (JAPAN) COMPANY INC0.41%
TAIYO YUDEN CO LTD0.34%
NGK CORP0.28%
THK CO LTD0.27%
ONONONO PHARMACEUTICAL CO LTD0.23%
ROHM CO LTDROHM COMPANY LTD0.23%
TOSOH CORP0.23%
JAPAN AIRLINES CO LTD0.21%
MAZDA MOTOR CORP0.21%
SOJITZ CORP0.21%

Only in EWJ

SOFTBANK GROUP CORPSoftBank Group Corp.2.27%
KIOXIA HOLDINGS CORPORATION1.84%
KDDI CORPORATION1.03%
IXORIX CORPORATION0.81%
SOFTBANK CORP.0.81%
JAPAN POST BANK CO LTDJAPAN POST BANK Co.,Ltd.0.72%
RENESAS ELECTRONICS CORPRenesas Electronics Corporation0.69%
RESONA HOLDINGS, INC.0.62%
AJINOMOTO CO., INC.0.55%
KYOCERA CORPORATION0.51%

Questions people ask

Is DXJ the same as EWJ?

61.6% of their weight sits in the same 93 holdings. DXJ also reports AJINOMOTO (JAPAN) COMPANY INC, TAIYO YUDEN CO LTD, NGK CORP, which the other does not. EWJ also reports SOFTBANK GROUP CORP, KIOXIA HOLDINGS CORPORATION, KDDI CORPORATION, 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 97% of DXJ and 100% of EWJ, so the number cannot exceed the smaller coverage.

Which holds more, EWJ or DXJ?

DXJ reports 377 stock positions and EWJ reports 153. 18.5% of DXJ's weight sits in names EWJ does not hold, and 21.3% of EWJ's weight in names DXJ does not hold. The ten largest positions are 33.7% of DXJ and 32.6% of EWJ.

How do DXJ and EWJ differ by sector?

The widest gap is Technology: DXJ has 2.6 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

EWJ 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.