AAXJ vs GRID: Holdings Overlap
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
Holdings snapshots are 30 days apart (AAXJ: 2026-04-30, GRID: 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 GRID?
iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916 positions; First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120. They have 8 holdings in common, and by portfolio weight the two funds are 0.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8AAXJ holds 916 · GRID holds 120
- Weight in Shared Holdings
- AAXJ 1%·GRID 4%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
908 of 916 positions (98.3% of the fund) are not held by GRID. Showing the top 30 by weight.
Only in GRID
112 of 120 positions (96.2% of the fund) are not held by AAXJ. Showing the top 30 by weight.
Sector Breakdown
| Sector | AAXJ | GRID |
|---|---|---|
| Industrials | 3.5% | 53.2% |
| Information Technology | 39.6% | 10.7% |
| Utilities | 1.0% | 20.3% |
| Financials | 13.9% | 0.0% |
| Consumer Discretionary | 8.1% | 4.3% |
| Other Sectors | 13.6% | 0.0% |
| Unclassified | 20.0% | 11.2% |
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, 11% of GRID).
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% |
| GRID | +2.2% | +22.4% | +31.6% | +23.6% | +15.0% | +18.9% | 0.77% |
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 GRID →
Shared Holdings(8)
The top 8 shared positions account for 99% of the overlap, led by 1211RUB, 267260 and 010120.
 1211RUBBYD Co Ltd. 'H'CNY1 | 0.46% | 0.26% | 0.26% |
|---|---|---|---|
 267260HD Hyundai Electric Co Ltd. KRW5000 | 0.20% | 1.56% | 0.20% |
 010120LS Electric Co. Ltd KRW5000 | 0.14% | 0.86% | 0.14% |
 006400Samsung SDI Co Ltd. KRW5000 | 0.27% | 0.09% | 0.09% |
 C7A0Contemporary Amperex Technology Co Ltd. CNY1 H SHS | 0.07% | 0.05% | 0.05% |
 1519Fortune Electric C TWD10 | 0.05% | 0.82% | 0.05% |
 298040Hyosung Heavy Industries Corporation KRW5000 | 0.14% | 0.04% | 0.04% |
 2395Advantech Co Ltd. TWD10 | 0.05% | 0.03% | 0.03% |
Frequently Asked Questions
How much do AAXJ and GRID overlap?
AAXJ and GRID overlap by 0.8% of portfolio weight. They share 8 holdings (AAXJ holds 916 positions and GRID holds 120), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AAXJ and GRID?
The two portfolios are 0.8% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of AAXJ and GRID?
The largest positions held by both funds are 1211RUB, 267260, 010120, 006400 and C7A0. Together the top 8 shared positions account for 99% of the total overlap.
What does AAXJ own that GRID doesn't?
908 positions (98.3% of AAXJ) are unique to AAXJ, led by TSMWF, 005930 and 000660. In the other direction, 112 positions (96.2% of GRID) are unique to GRID.