AAXJ vs DFEM: Holdings Overlap
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
DFEMDimensional Emerging Markets Core Equity 2 ETF
Dimensional · 6579 holdings · $9.0B · as of 2026-04-30
How similar are AAXJ and DFEM?
iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916 positions; Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579. They have 704 holdings in common, and by portfolio weight the two funds are 50.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 50.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 704AAXJ holds 916 · DFEM holds 6579
- Weight in Shared Holdings
- AAXJ 84%·DFEM 54%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
212 of 916 positions (15.3% of the fund) are not held by DFEM. Showing the top 30 by weight.
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% |
| DFEM | +0.2% | +19.5% | +31.4% | +19.8% | — | — | 1.89% |
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 DFEM →
Shared Holdings(704)
The top 10 shared positions account for 43% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 16.28% | 9.23% | 9.23% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 6.78% | 3.72% | 3.72% |
 000660SK hynix Inc | 4.63% | 3.20% | 3.20% |
 700Tencent Holdings Ltd. | 3.70% | 1.95% | 1.95% |
 9988Alibaba Group Holding Ltd | 2.70% | 0.95% | 0.95% |
 C6TChina Construction Bank Corp | 1.03% | 0.75% | 0.75% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.51% | 0.54% | 0.51% |
 2308Delta Electronics Inc | 1.30% | 0.51% | 0.51% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.67% | 0.51% | 0.51% |
 005380Hyundai Motor Co | 0.46% | 0.44% | 0.44% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.85% | 0.40% | 0.40% |
 3037Unimicron Technology Corp | 0.35% | 0.47% | 0.35% |
 BHARTIBharti Airtel Ltd | 0.48% | 0.35% | 0.35% |
 2383Elite Material Co Ltd | 0.42% | 0.33% | 0.33% |
 2454MediaTek Inc | 1.21% | 0.32% | 0.32% |
 3711ASE Technology Holding Co Ltd | 0.50% | 0.32% | 0.32% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.55% | 0.31% | 0.31% |
 PC6PetroChina Co Ltd | 0.30% | 0.35% | 0.30% |
 3690Meituan, B Shares | 0.51% | 0.29% | 0.29% |
 W8VBank of China Ltd | 0.43% | 0.28% | 0.28% |
 009150Samsung Electro-Mechanics Co Ltd | 0.31% | 0.27% | 0.27% |
 FJZZijin Mining Group Co Ltd | 0.26% | 0.27% | 0.26% |
 MMMahindra & Mahindra Ltd | 0.29% | 0.25% | 0.25% |
 1810Xiaomi Corp | 0.62% | 0.24% | 0.24% |
 1211RUBBYD Co Ltd | 0.46% | 0.23% | 0.23% |
Showing the top 250 of 704 shared holdings by overlap weight.
Frequently Asked Questions
How much do AAXJ and DFEM overlap?
AAXJ and DFEM overlap by 50.1% of portfolio weight. They share 704 holdings (AAXJ holds 916 positions and DFEM holds 6579), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AAXJ and DFEM?
The two portfolios are 50.1% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of AAXJ and DFEM?
The largest positions held by both funds are TSMWF, 005930, 000660, 700 and 9988. Together the top 10 shared positions account for 43% of the total overlap.
What does AAXJ own that DFEM doesn't?
212 positions (15.3% of AAXJ) are unique to AAXJ, led by 1299, DBS and 005935. In the other direction, 5875 positions (46.0% of DFEM) are unique to DFEM.