AAXJ vs ICLN: Holdings Overlap
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
ICLNiShares Global Clean Energy ETF
iShares · 123 holdings · $2.3B · as of 2026-04-30
How similar are AAXJ and ICLN?
iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916 positions; iShares Global Clean Energy ETF (ICLN, by iShares) holds 123. They have 18 holdings in common, and by portfolio weight the two funds are 0.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 18AAXJ holds 916 · ICLN holds 123
- Weight in Shared Holdings
- AAXJ 0%·ICLN 15%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
898 of 916 positions (99.4% of the fund) are not held by ICLN. Showing the top 30 by weight.
Only in ICLN
105 of 123 positions (84.0% of the fund) are not held by AAXJ. Showing the top 30 by weight.
Sector Breakdown
| Sector | AAXJ | ICLN |
|---|---|---|
| Information Technology | 39.6% | 12.3% |
| Industrials | 3.5% | 32.4% |
| Utilities | 1.0% | 19.4% |
| Financials | 13.9% | 0.0% |
| Consumer Discretionary | 8.1% | 0.0% |
| Other Sectors | 13.6% | 1.3% |
| Unclassified | 20.0% | 34.0% |
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, 34% of ICLN).
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% |
| ICLN | -5.3% | +11.7% | +34.9% | +4.0% | -3.1% | +8.9% | 1.01% |
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 ICLN →
Shared Holdings(18)
The top 10 shared positions account for 91% of the overlap, led by SUEL, 600900 and NHPC.
 SUELSuzlon Energy Ltd. INR2.00 | 0.06% | 2.37% | 0.06% |
|---|---|---|---|
 600900China Yangtze Power Co Ltd | 0.05% | 5.88% | 0.05% |
 NHPCNHPC Ltd. INR10 | 0.03% | 0.65% | 0.03% |
 WAAREEENWaaree Energies Ltd. INR10 | 0.02% | 0.78% | 0.02% |
 6WXChina Longyuan Power Group Corp Ltd | 0.02% | 0.84% | 0.02% |
 BRENBarito Renewables Energy Tbk PT | 0.02% | 0.43% | 0.02% |
 601012LONGi Green Energy Technology Co Ltd | 0.01% | 1.10% | 0.01% |
 600905China Three Gorges Renewables Group Co Ltd | 0.01% | 1.03% | 0.01% |
 600674Sichuan Chuantou Energy Co Ltd | 0.01% | 0.66% | 0.01% |
| KOREAN WON | 0.02% | 0.01% | 0.01% |
 688223Jinko Solar Co Ltd | 0.01% | 0.59% | 0.01% |
| Trina Solar Co Ltd | 0.00% | 0.36% | 0.00% |
| TCL Zhonghuan Renewable Energy Technology Co Ltd | 0.00% | 0.31% | 0.00% |
 002459JA Solar Technology Co Ltd | 0.00% | 0.32% | 0.00% |
| HONG KONG DOLLAR | 0.00% | 0.02% | 0.00% |
| NEW TAIWAN DOLLAR | 0.01% | 0.00% | 0.00% |
| CHINESE RENMINBI | 0.01% | 0.00% | 0.00% |
| INDONESIAN RUPIAH | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
How much do AAXJ and ICLN overlap?
AAXJ and ICLN overlap by 0.3% of portfolio weight. They share 18 holdings (AAXJ holds 916 positions and ICLN holds 123), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AAXJ and ICLN?
The two portfolios are 0.3% 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 ICLN?
The largest positions held by both funds are SUEL, 600900, NHPC, WAAREEEN and 6WX. Together the top 10 shared positions account for 91% of the total overlap.
What does AAXJ own that ICLN doesn't?
898 positions (99.4% of AAXJ) are unique to AAXJ, led by TSMWF, 005930 and 000660. In the other direction, 105 positions (84.0% of ICLN) are unique to ICLN.