AAXJ vs ACWX: Holdings Overlap
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
ACWXiShares MSCI ACWI ex U.S. ETF
iShares · 1761 holdings · $11.7B · as of 2026-04-30
How similar are AAXJ and ACWX?
iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916 positions; iShares MSCI ACWI ex U.S. ETF (ACWX, by iShares) holds 1761. They have 764 holdings in common, and by portfolio weight the two funds are 28.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 28.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 764AAXJ holds 916 · ACWX holds 1761
- Weight in Shared Holdings
- AAXJ 98%·ACWX 29%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in AAXJ
152 of 916 positions (1.3% of the fund) are not held by ACWX. Showing the top 30 by weight.
Sector Breakdown
| Sector | AAXJ | ACWX |
|---|---|---|
| Information Technology | 39.6% | 17.5% |
| Financials | 13.9% | 21.6% |
| Industrials | 3.5% | 12.5% |
| Consumer Discretionary | 8.1% | 6.5% |
| Communication Services | 6.4% | 4.5% |
| Other Sectors | 8.1% | 25.6% |
| Unclassified | 20.0% | 11.4% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (20% of AAXJ, 11% of ACWX).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AAXJ | -0.6% | +22.4% | +35.6% | +20.9% | +7.3% | +8.9% | 1.36% |
| ACWX | +3.0% | +16.6% | +28.7% | +19.1% | +9.3% | +9.6% | 2.46% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in AAXJ vs ACWX →
Shared Holdings(764)
The top 10 shared positions account for 40% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 16.28% | 4.67% | 4.67% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 6.78% | 1.95% | 1.95% |
 000660SK hynix Inc | 4.63% | 1.33% | 1.33% |
 700Tencent Holdings Ltd. | 3.70% | 1.07% | 1.07% |
 9988Alibaba Group Holding Ltd | 2.70% | 0.79% | 0.79% |
 2308Delta Electronics Inc | 1.30% | 0.37% | 0.37% |
 2454MediaTek Inc | 1.21% | 0.35% | 0.35% |
 1299AIA Group Ltd. | 1.09% | 0.33% | 0.33% |
 C6TChina Construction Bank Corp | 1.03% | 0.31% | 0.31% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.85% | 0.25% | 0.25% |
 RELIANCEReliance Industries Ltd | 0.88% | 0.25% | 0.25% |
 HDFCBHDFC Bank Ltd | 0.88% | 0.25% | 0.25% |
 005935Samsung Electronics Co Ltd | 0.84% | 0.24% | 0.24% |
 DBSDBS Group Holdings Ltd. | 0.90% | 0.23% | 0.23% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.67% | 0.19% | 0.19% |
 ICICIBCICICI Bank Ltd | 0.67% | 0.19% | 0.19% |
 1810Xiaomi Corp | 0.62% | 0.18% | 0.18% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.55% | 0.17% | 0.17% |
 OCBCOversea-Chinese Banking Corp. Ltd. | 0.55% | 0.16% | 0.16% |
 3690Meituan, B Shares | 0.51% | 0.15% | 0.15% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.51% | 0.15% | 0.15% |
 3711ASE Technology Holding Co Ltd | 0.50% | 0.14% | 0.14% |
 402340SK Square Co Ltd | 0.51% | 0.14% | 0.14% |
 1211RUBBYD Co Ltd | 0.46% | 0.14% | 0.14% |
 BHARTIBharti Airtel Ltd | 0.48% | 0.14% | 0.14% |
Showing the top 250 of 764 shared holdings by overlap weight.
Frequently Asked Questions
How much do AAXJ and ACWX overlap?
AAXJ and ACWX overlap by 28.6% of portfolio weight. They share 764 holdings (AAXJ holds 916 positions and ACWX holds 1761), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AAXJ and ACWX?
The two portfolios are 28.6% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of AAXJ and ACWX?
The largest positions held by both funds are TSMWF, 005930, 000660, 700 and 9988. Together the top 10 shared positions account for 40% of the total overlap.
What does AAXJ own that ACWX doesn't?
152 positions (1.3% of AAXJ) are unique to AAXJ, led by LTF, 000338 and 300408. In the other direction, 997 positions (71.0% of ACWX) are unique to ACWX.