AAXJ vs IPAC: Holdings Overlap
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
IPACiShares Core MSCI Pacific ETF
iShares · 1375 holdings · $2.7B · as of 2026-04-30
How similar are AAXJ and IPAC?
iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916 positions; iShares Core MSCI Pacific ETF (IPAC, by iShares) holds 1375. They have 45 holdings in common, and by portfolio weight the two funds are 7.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 45AAXJ holds 916 · IPAC holds 1375
- Weight in Shared Holdings
- AAXJ 7%·IPAC 9%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
871 of 916 positions (92.3% of the fund) are not held by IPAC. Showing the top 30 by weight.
Sector Breakdown
| Sector | AAXJ | IPAC |
|---|---|---|
| Information Technology | 39.6% | 9.0% |
| Financials | 13.9% | 20.1% |
| Industrials | 3.5% | 15.3% |
| Consumer Discretionary | 8.1% | 7.5% |
| Communication Services | 6.4% | 4.5% |
| Other Sectors | 8.1% | 20.7% |
| Unclassified | 20.0% | 22.2% |
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, 22% of IPAC).
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% |
| IPAC | +4.8% | +18.9% | +27.2% | +18.2% | +9.0% | +9.1% | 3.71% |
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 IPAC →
Shared Holdings(45)
The top 10 shared positions account for 63% of the overlap, led by 1299, DBS and 388.
 1299AIA Group Ltd. | 1.09% | 1.25% | 1.09% |
|---|---|---|---|
 DBSDBS Group Holdings Ltd. | 0.90% | 1.05% | 0.90% |
 388Hong Kong Exchanges & Clearing Ltd. | 0.57% | 0.59% | 0.57% |
 OCBCOversea-Chinese Banking Corp. Ltd. | 0.55% | 0.63% | 0.55% |
 UOBUnited Overseas Bank Ltd. | 0.34% | 0.39% | 0.34% |
 SESea Ltd. | 0.32% | 0.37% | 0.32% |
 STSingapore Telecommunications Ltd | 0.26% | 0.29% | 0.26% |
 16Sun Hung Kai Properties Ltd. | 0.25% | 0.28% | 0.25% |
 1CK Hutchison Holdings Ltd | 0.22% | 0.24% | 0.22% |
 669Techtronic Industries Co. Ltd. | 0.20% | 0.23% | 0.20% |
 2388BOC Hong Kong Holdings Ltd. | 0.20% | 0.23% | 0.20% |
 2CLP Holdings Ltd | 0.15% | 0.18% | 0.15% |
 SGXSingapore Exchange Ltd | 0.14% | 0.16% | 0.14% |
 STESingapore Technologies Engineering Ltd | 0.13% | 0.15% | 0.13% |
 1113CK Asset Holdings Ltd | 0.12% | 0.13% | 0.12% |
 KEPKeppel Ltd | 0.12% | 0.14% | 0.12% |
 823Link REIT | 0.12% | 0.15% | 0.12% |
 6Power Assets Holdings Ltd | 0.11% | 0.13% | 0.11% |
 JMJardine Matheson Holdings Ltd | 0.11% | 0.12% | 0.11% |
 CICTCapitaLand Integrated Commercial Trust | 0.11% | 0.12% | 0.11% |
 3Hong Kong & China Gas Co Ltd | 0.10% | 0.11% | 0.10% |
 GRABGrab Holdings Ltd., Class A | 0.09% | 0.10% | 0.09% |
 27Galaxy Entertainment Group Ltd | 0.08% | 0.09% | 0.08% |
 288WH Group Ltd | 0.08% | 0.11% | 0.08% |
 YZJRMBYangzijiang Shipbuilding Holdings Ltd | 0.08% | 0.10% | 0.08% |
Frequently Asked Questions
How much do AAXJ and IPAC overlap?
AAXJ and IPAC overlap by 7.4% of portfolio weight. They share 45 holdings (AAXJ holds 916 positions and IPAC holds 1375), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AAXJ and IPAC?
The two portfolios are 7.4% 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 IPAC?
The largest positions held by both funds are 1299, DBS, 388, OCBC and UOB. Together the top 10 shared positions account for 63% of the total overlap.
What does AAXJ own that IPAC doesn't?
871 positions (92.3% of AAXJ) are unique to AAXJ, led by TSMWF, 005930 and 000660. In the other direction, 1330 positions (90.7% of IPAC) are unique to IPAC.