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

EWJ and FLJP share 20.8% of their weight across 16 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.

EWJ and FLJP

20.8%

16 shared positions

EWJ

iShares MSCI Japan ETF

Reported positions cover 99% of the fund, 166 positions · May 31, 2026

Top 10: 32.1%·Holdings of EWJ

FLJP

Franklin FTSE Japan ETF

Reported positions cover 100% of the fund, 445 positions · Jun 30, 2026

Top 10: 29.0%·Holdings of FLJP

Reported positions cover EWJ 99%, FLJP 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

FLJP vs EWJ side by side

EWJiShares MSCI Japan ETF

166

stock positions reported to the SEC

74.3% of its weight is in 150 names FLJP does not hold

FLJPFranklin FTSE Japan ETF

445

stock positions reported to the SEC

78.3% of its weight is in 429 names EWJ does not hold

Where each fund's weight sits

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

Largest sectors for both funds

Financial Services
16.1%
14.3%
Consumer Cyclical
4.1%
3.5%
Technology
2.7%
2.3%
Healthcare
1.0%
0.8%
Consumer Defensive
0.0%
0.1%

The widest gap is Financial Services: EWJ has 1.8 points more of it.

The figures side by side

EWJFLJP
Filing dateMay 31, 2026Jun 30, 2026
Stock positions reported166445
Weight of the ten largest32.1%29.0%
Largest positionMUFG 6.0%MUFG 4.8%
Held alone150 positions, 74.3%429 positions, 78.3%
Covered by stock positions99%100%

Holdings they share

StockIn EWJIn FLJPCounted
MUFGMitsubishi Corporation6.00%4.83%4.83%
SMFGSumitomo Mitsui Trust Group, Inc.3.90%3.28%3.28%
TMTOYOTA MOTOR CORPORATION3.43%2.89%2.89%
NODKNISSAN MOTOR CO., LTD.2.67%3.17%2.67%
SONYSony Group Corporation2.54%1.92%1.92%
MFGMizuho Financial Group, Inc.2.14%1.81%1.81%
TAKTakeda Pharmaceutical Company Limited0.97%0.80%0.80%
IXORIX CORPORATION0.87%0.67%0.67%
HMCHONDA MOTOR CO., LTD.0.64%0.55%0.55%
NMRNomura Holdings, Inc.0.46%0.40%0.40%

What each holds alone

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

Only in EWJ

SOFTBANK GROUP CORP.3.34%
TOKYO ELECTRON LIMITED2.87%
HITACHI, LTD.2.84%
ADVANTEST CORPORATION2.39%
MURATA MANUFACTURING CO., LTD.2.01%
FAST RETAILING CO., LTD.1.89%
KEYENCE CORPORATION1.87%
RECRUIT HOLDINGS CO.,LTD.1.80%
MITSUI & CO., LTD.1.57%
SHIN-ETSU CHEMICAL CO., LTD.1.57%

Only in FLJP

TOKYO ELECTRON LTD3.37%
KIOXIA HOLDINGS CORP2.99%
ADVANTEST CORP2.33%
SOFTBANK GROUP CORP2.23%
MURATA MANUFACTURING COMPANY LTD1.97%
HITACHI LTD1.96%
KEYENCE CORP1.51%
FAST RETAILING COMPANY LTD1.50%
RECRUIT HOLDINGS CO LTD1.50%
TOKIO MARINE HOLDINGS INC1.35%

Questions people ask

Is EWJ the same as FLJP?

20.8% of their weight sits in the same 16 holdings. EWJ also reports SOFTBANK GROUP CORP., TOKYO ELECTRON LIMITED, HITACHI, LTD., which the other does not. FLJP also reports TOKYO ELECTRON LTD, KIOXIA HOLDINGS CORP, ADVANTEST CORP, which the other does not.

How is the overlap between EWJ and FLJP measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 99% of EWJ and 100% of FLJP, so the number cannot exceed the smaller coverage.

Which holds more, FLJP or EWJ?

EWJ reports 166 stock positions and FLJP reports 445. 74.3% of EWJ's weight sits in names FLJP does not hold, and 78.3% of FLJP's weight in names EWJ does not hold. The ten largest positions are 32.1% of EWJ and 29.0% of FLJP.

How do EWJ and FLJP differ by sector?

The widest gap is Financial Services: EWJ has 1.8 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.

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.