AAXJ vs ESGE: Holdings Overlap
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
ESGEiShares ESG Aware MSCI EM ETF
iShares · 307 holdings · $6.8B · as of 2026-05-31
Holdings snapshots are 31 days apart (AAXJ: 2026-04-30, ESGE: 2026-05-31). 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 ESGE?
iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916 positions; iShares ESG Aware MSCI EM ETF (ESGE, by iShares) holds 307. They have 227 holdings in common, and by portfolio weight the two funds are 59.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 59.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 227AAXJ holds 916 · ESGE holds 307
- Weight in Shared Holdings
- AAXJ 66%·ESGE 83%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
689 of 916 positions (33.4% of the fund) are not held by ESGE. Showing the top 30 by weight.
Sector Breakdown
| Sector | AAXJ | ESGE |
|---|---|---|
| Information Technology | 39.6% | 41.7% |
| Financials | 13.9% | 14.8% |
| Consumer Discretionary | 8.1% | 5.8% |
| Communication Services | 6.4% | 6.5% |
| Industrials | 3.5% | 1.9% |
| Other Sectors | 8.1% | 6.1% |
| Unclassified | 20.0% | 22.1% |
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, 22% of ESGE).
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% |
| ESGE | +0.1% | +20.1% | +34.1% | +20.5% | +7.1% | +9.1% | 2.15% |
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 ESGE →
Shared Holdings(227)
The top 10 shared positions account for 60% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co. Ltd. | 16.28% | 14.90% | 14.90% |
|---|---|---|---|
 005930Samsung Electronics Co. Ltd. | 6.78% | 8.54% | 6.78% |
 000660SK hynix Inc | 4.63% | 4.62% | 4.62% |
 700Tencent Holdings Ltd. | 3.70% | 2.64% | 2.64% |
 9988Alibaba Group Holding Ltd | 2.70% | 1.96% | 1.96% |
 2308Delta Electronics Inc | 1.30% | 1.43% | 1.30% |
 2454MediaTek Inc | 1.21% | 1.50% | 1.21% |
 C6TChina Construction Bank Corp | 1.03% | 1.21% | 1.03% |
 HDFCBHDFC Bank Ltd. | 0.88% | 0.86% | 0.86% |
 005935Samsung Electronics Co Ltd | 0.84% | 1.23% | 0.84% |
 RELIANCEReliance Industries Ltd | 0.88% | 0.66% | 0.66% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.85% | 0.63% | 0.63% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.51% | 0.63% | 0.51% |
 402340SK Square Co Ltd | 0.51% | 0.81% | 0.51% |
 3711ASE Technology Holding Co Ltd | 0.50% | 0.56% | 0.50% |
 1810Xiaomi Corp | 0.62% | 0.49% | 0.49% |
 1211RUBBYD Co Ltd. 'H'CNY1 | 0.46% | 0.49% | 0.46% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.55% | 0.41% | 0.41% |
 ICICIBCICICI Bank Ltd | 0.67% | 0.40% | 0.40% |
 9999NetEase Inc | 0.39% | 0.43% | 0.39% |
 INFOInfosys Ltd | 0.39% | 0.51% | 0.39% |
 105560KB Financial Group Inc | 0.38% | 0.46% | 0.38% |
 3690Meituan, B Shares | 0.51% | 0.36% | 0.36% |
 9618JD.com Inc | 0.35% | 0.34% | 0.34% |
 9888Baidu, Inc., A Shares | 0.33% | 0.34% | 0.33% |
Frequently Asked Questions
How much do AAXJ and ESGE overlap?
AAXJ and ESGE overlap by 59.9% of portfolio weight. They share 227 holdings (AAXJ holds 916 positions and ESGE holds 307), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AAXJ and ESGE?
The two portfolios are 59.9% 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 ESGE?
The largest positions held by both funds are TSMWF, 005930, 000660, 700 and 9988. Together the top 10 shared positions account for 60% of the total overlap.
What does AAXJ own that ESGE doesn't?
689 positions (33.4% of AAXJ) are unique to AAXJ, led by 1299, DBS and 388. In the other direction, 80 positions (15.7% of ESGE) are unique to ESGE.