AAXJ vs EWY: Holdings Overlap
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
EWYiShares MSCI South Korea ETF
iShares · 82 holdings · $26.5B · as of 2026-05-31
Holdings snapshots are 31 days apart (AAXJ: 2026-04-30, EWY: 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 EWY?
iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916 positions; iShares MSCI South Korea ETF (EWY, by iShares) holds 82. They have 81 holdings in common, and by portfolio weight the two funds are 20.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 81AAXJ holds 916 · EWY holds 82
- Weight in Shared Holdings
- AAXJ 21%·EWY 99%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
835 of 916 positions (78.6% of the fund) are not held by EWY. Showing the top 30 by weight.
Only in EWY
1 of 82 positions (0.0% of the fund) are not held by AAXJ.
A023530Lotte Shopping Co Ltd0.00%
Sector Breakdown
| Sector | AAXJ | EWY |
|---|---|---|
| Information Technology | 39.6% | 62.9% |
| Financials | 13.9% | 3.3% |
| Consumer Discretionary | 8.1% | 5.6% |
| Communication Services | 6.4% | 1.2% |
| Industrials | 3.5% | 5.5% |
| Other Sectors | 8.1% | 1.4% |
| Unclassified | 20.0% | 19.6% |
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, 20% of EWY).
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% |
| EWY | -8.4% | +70.8% | +131.2% | +40.3% | +15.3% | +13.6% | 1.23% |
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 EWY →
Shared Holdings(81)
The top 10 shared positions account for 70% of the overlap, led by 005930, 000660 and 402340.
 005930Samsung Electronics Co Ltd | 6.78% | 23.88% | 6.78% |
|---|---|---|---|
 000660SK hynix Inc | 4.63% | 30.85% | 4.63% |
 402340SK Square Co Ltd | 0.51% | 3.08% | 0.51% |
 005380Hyundai Motor Co | 0.46% | 2.43% | 0.46% |
 105560KB Financial Group Inc | 0.38% | 1.40% | 0.38% |
 034020Doosan Enerbility Co Ltd | 0.37% | 1.21% | 0.37% |
 009150Samsung Electro-Mechanics Co Ltd | 0.31% | 3.42% | 0.31% |
 012450Hanwha Aerospace Co Ltd | 0.30% | 1.01% | 0.30% |
 055550Shinhan Financial Group Co Ltd | 0.28% | 1.03% | 0.28% |
 006400Samsung SDI Co Ltd | 0.27% | 1.14% | 0.27% |
 086790Hana Financial Group Inc | 0.23% | 0.83% | 0.23% |
 000270Kia Corp | 0.23% | 1.01% | 0.23% |
 005490POSCO Holdings Inc | 0.22% | 0.82% | 0.22% |
 267260HD Hyundai Electric Co Ltd | 0.20% | 0.68% | 0.20% |
 068270Celltrion Inc | 0.19% | 0.78% | 0.19% |
 035420NAVER Corp | 0.19% | 0.85% | 0.19% |
 028260Samsung C&T Corp | 0.17% | 0.99% | 0.17% |
 329180HD Hyundai Heavy Industries Co Ltd | 0.16% | 0.72% | 0.16% |
 012330Hyundai Mobis Co Ltd | 0.16% | 1.22% | 0.16% |
 010140Samsung Heavy Industries Co Ltd | 0.15% | 0.55% | 0.15% |
 316140Woori Financial Group Inc | 0.15% | 0.53% | 0.15% |
 298040Hyosung Heavy Industries Corp | 0.14% | 0.63% | 0.14% |
 010120LS Electric Co Ltd | 0.14% | 0.60% | 0.14% |
 373220LG Energy Solution Ltd | 0.14% | 0.61% | 0.14% |
 064350Hyundai Rotem Co Ltd | 0.13% | 0.45% | 0.13% |
Frequently Asked Questions
How much do AAXJ and EWY overlap?
AAXJ and EWY overlap by 20.4% of portfolio weight. They share 81 holdings (AAXJ holds 916 positions and EWY holds 82), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AAXJ and EWY?
The two portfolios are 20.4% 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 EWY?
The largest positions held by both funds are 005930, 000660, 402340, 005380 and 105560. Together the top 10 shared positions account for 70% of the total overlap.
What does AAXJ own that EWY doesn't?
835 positions (78.6% of AAXJ) are unique to AAXJ, led by TSMWF, 700 and 9988. In the other direction, 1 positions (0.0% of EWY) are unique to EWY.