AAXJ vs DFAE: Holdings Overlap
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
DFAEDimensional Emerging Core Equity Market ETF
Dimensional · 6342 holdings · $9.5B · as of 2026-04-30
How similar are AAXJ and DFAE?
iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916 positions; Dimensional Emerging Core Equity Market ETF (DFAE, by Dimensional) holds 6342. They have 713 holdings in common, and by portfolio weight the two funds are 61.5% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 61.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 713AAXJ holds 916 · DFAE holds 6342
- Weight in Shared Holdings
- AAXJ 85%·DFAE 63%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
203 of 916 positions (15.1% of the fund) are not held by DFAE. Showing the top 30 by weight.
Sector Breakdown
| Sector | AAXJ | DFAE |
|---|---|---|
| Information Technology | 39.6% | 28.8% |
| Financials | 13.9% | 10.5% |
| Consumer Discretionary | 8.1% | 5.6% |
| Communication Services | 6.4% | 4.7% |
| Industrials | 3.5% | 2.4% |
| Other Sectors | 8.1% | 9.2% |
| Unclassified | 20.0% | 39.1% |
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, 39% of DFAE).
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% |
| DFAE | +0.3% | +20.0% | +33.0% | +20.1% | +9.2% | — | 1.80% |
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 DFAE →
Shared Holdings(713)
The top 10 shared positions account for 45% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 16.28% | 12.22% | 12.22% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 6.78% | 4.35% | 4.35% |
 000660SK hynix Inc | 4.63% | 3.49% | 3.49% |
 700Tencent Holdings Ltd. | 3.70% | 2.65% | 2.65% |
 9988Alibaba Group Holding Ltd | 2.70% | 1.40% | 1.40% |
 2308Delta Electronics Inc | 1.30% | 0.90% | 0.90% |
 C6TChina Construction Bank Corp | 1.03% | 0.78% | 0.78% |
 2454MediaTek Inc | 1.21% | 0.69% | 0.69% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.85% | 0.53% | 0.53% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.67% | 0.52% | 0.52% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.51% | 0.47% | 0.47% |
 RELIANCEReliance Industries Ltd | 0.88% | 0.45% | 0.45% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.55% | 0.44% | 0.44% |
 005380Hyundai Motor Co | 0.46% | 0.43% | 0.43% |
 BHARTIBharti Airtel Ltd | 0.48% | 0.41% | 0.41% |
 1810Xiaomi Corp | 0.62% | 0.40% | 0.40% |
 HDFCBHDFC Bank Ltd | 0.88% | 0.34% | 0.34% |
 1211RUBBYD Co Ltd. 'H'CNY1 | 0.46% | 0.34% | 0.34% |
 W8VBank of China Ltd | 0.43% | 0.33% | 0.33% |
 3690Meituan, B Shares | 0.51% | 0.32% | 0.32% |
 3037Unimicron Technology Corp | 0.35% | 0.31% | 0.31% |
 PC6PetroChina Co Ltd | 0.30% | 0.32% | 0.30% |
 2345Accton Technology Corp | 0.36% | 0.30% | 0.30% |
 034020Doosan Enerbility Co Ltd | 0.37% | 0.28% | 0.28% |
 9999NetEase Inc | 0.39% | 0.28% | 0.28% |
Showing the top 250 of 713 shared holdings by overlap weight.
Frequently Asked Questions
How much do AAXJ and DFAE overlap?
AAXJ and DFAE overlap by 61.5% of portfolio weight. They share 713 holdings (AAXJ holds 916 positions and DFAE holds 6342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AAXJ and DFAE?
The two portfolios are 61.5% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of AAXJ and DFAE?
The largest positions held by both funds are TSMWF, 005930, 000660, 700 and 9988. Together the top 10 shared positions account for 45% of the total overlap.
What does AAXJ own that DFAE doesn't?
203 positions (15.1% of AAXJ) are unique to AAXJ, led by 1299, DBS and 005935. In the other direction, 5629 positions (37.4% of DFAE) are unique to DFAE.