AAXJ vs VNQI: Holdings Overlap
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
How similar are AAXJ and VNQI?
iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916 positions; Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710. They have 27 holdings in common, and by portfolio weight the two funds are 1.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 27AAXJ holds 916 · VNQI holds 710
- Weight in Shared Holdings
- AAXJ 1%·VNQI 14%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
889 of 916 positions (98.3% of the fund) are not held by VNQI. Showing the top 30 by weight.
Sector Breakdown
| Sector | AAXJ | VNQI |
|---|---|---|
| Real Estate | 1.2% | 64.7% |
| Information Technology | 39.6% | 0.0% |
| Financials | 13.9% | 0.0% |
| Consumer Discretionary | 8.1% | 0.0% |
| Communication Services | 6.4% | 0.0% |
| Other Sectors | 10.5% | 0.0% |
| Unclassified | 20.0% | 34.3% |
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, 35% of VNQI).
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% |
| VNQI | +1.6% | +0.8% | +3.4% | +8.5% | -0.7% | +2.2% | 4.66% |
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 VNQI →
Shared Holdings(27)
The top 10 shared positions account for 72% of the overlap, led by 16, 1109 and 1113.
 16Sun Hung Kai Properties Ltd. | 0.25% | 2.44% | 0.25% |
|---|---|---|---|
 1109China Resources Land Ltd | 0.13% | 1.09% | 0.13% |
 1113CK Asset Holdings Ltd | 0.12% | 1.12% | 0.12% |
 823Link REIT | 0.12% | 1.19% | 0.12% |
 CICTCapitaLand Integrated Commercial Trust | 0.11% | 0.98% | 0.11% |
 HKLHongkong Land Holdings Ltd | 0.08% | 0.71% | 0.08% |
 CLARCapitaLand Ascendas REIT | 0.08% | 0.75% | 0.08% |
 688China Overseas Land & Investment Ltd | 0.06% | 0.58% | 0.06% |
 12Henderson Land Development Co Ltd | 0.06% | 0.49% | 0.06% |
 83Sino Land Co Ltd | 0.06% | 0.55% | 0.06% |
 1997Wharf Real Estate Investment Co Ltd | 0.05% | 0.46% | 0.05% |
 DLFUDLF Ltd | 0.04% | 0.36% | 0.04% |
 1209China Resources Mixc Lifestyle Services Ltd | 0.04% | 0.32% | 0.04% |
 PHNXPhoenix Mills Ltd/The | 0.04% | 0.32% | 0.04% |
 4Wharf Holdings Ltd/The | 0.03% | 0.28% | 0.03% |
 SMPHPHPSM Prime Holdings Inc | 0.03% | 0.31% | 0.03% |
 GPLGodrej Properties Ltd | 0.03% | 0.26% | 0.03% |
 LODHALodha Developers Ltd | 0.03% | 0.27% | 0.03% |
 PEPLPrestige Estates Projects Ltd | 0.03% | 0.23% | 0.03% |
 OBEROberoi Realty Ltd | 0.02% | 0.19% | 0.02% |
 960Longfor Group Holdings Ltd | 0.02% | 0.18% | 0.02% |
 1908C&D International Investment Group Ltd | 0.02% | 0.11% | 0.02% |
 ALIPHPAyala Land Inc | 0.02% | 0.13% | 0.02% |
 600048Poly Developments and Holdings Group Co Ltd | 0.01% | 0.02% | 0.01% |
 001979China Merchants Shekou Industrial Zone Holdings Co Ltd | 0.01% | 0.02% | 0.01% |
Frequently Asked Questions
How much do AAXJ and VNQI overlap?
AAXJ and VNQI overlap by 1.5% of portfolio weight. They share 27 holdings (AAXJ holds 916 positions and VNQI holds 710), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AAXJ and VNQI?
The two portfolios are 1.5% 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 VNQI?
The largest positions held by both funds are 16, 1109, 1113, 823 and CICT. Together the top 10 shared positions account for 72% of the total overlap.
What does AAXJ own that VNQI doesn't?
889 positions (98.3% of AAXJ) are unique to AAXJ, led by TSMWF, 005930 and 000660. In the other direction, 683 positions (85.4% of VNQI) are unique to VNQI.