AAXJ vs DEM: Holdings Overlap
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
DEMWisdomTree Emerging Markets High Dividend Fund
WisdomTree · 533 holdings · $3.9B · as of 2026-03-31
Holdings snapshots are 30 days apart (AAXJ: 2026-04-30, DEM: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are AAXJ and DEM?
iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916 positions; WisdomTree Emerging Markets High Dividend Fund (DEM, by WisdomTree) holds 533. They have 96 holdings in common, and by portfolio weight the two funds are 9.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 96AAXJ holds 916 · DEM holds 533
- Weight in Shared Holdings
- AAXJ 10%·DEM 42%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
820 of 916 positions (89.8% of the fund) are not held by DEM. Showing the top 30 by weight.
Only in DEM
437 of 533 positions (57.2% of the fund) are not held by AAXJ. Showing the top 30 by weight.
ARAMCSARSaudi Arabian Oil Company NPV2.15%
GFNORTEOGrupo Financiero Banorte S.A.B. de C.V. COM NPV SERIES O1.99%
PKNOrlen SA PLN1.251.92%
FEMSAUBDFomento Economico Mexicano S A B de C V UNITS (REP 1 SER 'B' SHS & 4 SER'D')1.36%
PKOPowszechna Kasa Oszczednosci Bank Polski SA PLN1.001.31%
ABEV3Ambev S.A. COM NPV1.01%
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% |
| DEM | +2.5% | +19.2% | +24.0% | +17.6% | +10.5% | +9.2% | 4.10% |
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 DEM →
Shared Holdings(96)
The top 10 shared positions account for 50% of the overlap, led by 2454, C6T and ICK.
 2454MediaTek Inc. TWD10 | 1.21% | 2.52% | 1.21% |
|---|---|---|---|
 C6TChina Construction Bank Corp. 'H'CNY1 | 1.03% | 4.51% | 1.03% |
 ICKIndustrial & Commercial Bank of China Ltd. 'H'CNY1 | 0.55% | 2.82% | 0.55% |
 2318RUBPing An Insurance (Group) Company of China Ltd. 'H' CNY1 | 0.51% | 1.67% | 0.51% |
 2303United Microelectronics Corp. TWD10 | 0.27% | 1.16% | 0.27% |
 2382Quanta Computer Inc. TWD10 | 0.26% | 1.29% | 0.26% |
 2891CTBC Financial Holding Co Ltd. TWD10 | 0.26% | 0.88% | 0.26% |
 086790Hana Financial Group Inc. KRW5000 | 0.23% | 0.34% | 0.23% |
 FUISFFubon Financial Holding Co Ltd. TWD10 | 0.23% | 0.53% | 0.23% |
 M4BChina Merchants Bank Co Ltd. 'H'CNY1 | 0.23% | 0.43% | 0.23% |
 TCSTata Consultancy Services Ltd. INR1 | 0.22% | 0.92% | 0.22% |
 2882Cathay Financial Holding Co Ltd. TWD10 | 0.21% | 0.51% | 0.21% |
 EK7Agricultural Bank of China Ltd. 'H'CNY1 | 0.21% | 0.49% | 0.21% |
 IKFChina Shenhua Energy Co Ltd. 'H'CNY1 | 0.20% | 1.07% | 0.20% |
 PBKPublic Bank Berhad NPV | 0.17% | 0.22% | 0.17% |
 2885Yuanta Financial Holding Co., Ltd. TWD10 | 0.17% | 0.16% | 0.16% |
 MAYMalayan Banking Berhad NPV | 0.16% | 0.65% | 0.16% |
 2887TS Financial Holding Co Ltd. TWD10 | 0.15% | 0.22% | 0.15% |
 CIMBCIMB Group Holdings Berhad ORD MYR1 | 0.15% | 0.26% | 0.15% |
 AKCPFASUSTeK Computer Inc. TWD10 | 0.12% | 0.78% | 0.12% |
 316140Woori Financial Group Inc. KRW5000 | 0.15% | 0.12% | 0.12% |
 1378China Hongqiao Group Limited USD0.01 | 0.12% | 0.94% | 0.12% |
 BBRIBank Rakyat Indonesia (Persero) Tbk IDR50 | 0.11% | 0.66% | 0.11% |
 033780KT&G Corp. KRW5000 | 0.11% | 0.45% | 0.11% |
 ADVANC-RAdvanced Info Service Public Co Ltd. THB1(NVDR) | 0.11% | 0.71% | 0.11% |
Frequently Asked Questions
How much do AAXJ and DEM overlap?
AAXJ and DEM overlap by 9.6% of portfolio weight. They share 96 holdings (AAXJ holds 916 positions and DEM holds 533), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AAXJ and DEM?
The two portfolios are 9.6% 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 DEM?
The largest positions held by both funds are 2454, C6T, ICK, 2318RUB and 2303. Together the top 10 shared positions account for 50% of the total overlap.
What does AAXJ own that DEM doesn't?
820 positions (89.8% of AAXJ) are unique to AAXJ, led by TSMWF, 005930 and 000660. In the other direction, 437 positions (57.2% of DEM) are unique to DEM.