ACWV vs EWJ: Holdings Overlap
ACWViShares MSCI Global Min Vol Factor ETF
iShares · 412 holdings · $3.4B · as of 2026-05-31
iShares · 179 holdings · $22.4B · as of 2026-05-31
How similar are ACWV and EWJ?
iShares MSCI Global Min Vol Factor ETF (ACWV, by iShares) holds 412 positions; iShares MSCI Japan ETF (EWJ, by iShares) holds 179. They have 40 holdings in common, and by portfolio weight the two funds are 9.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 40ACWV holds 412 · EWJ holds 179
- Weight in Shared Holdings
- ACWV 10%·EWJ 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 ACWV
372 of 412 positions (89.4% of the fund) are not held by EWJ. Showing the top 30 by weight.
Only in EWJ
139 of 179 positions (85.0% of the fund) are not held by ACWV. Showing the top 30 by weight.
Sector Breakdown
| Sector | ACWV | EWJ |
|---|---|---|
| Information Technology | 24.2% | 17.7% |
| Industrials | 6.8% | 23.4% |
| Financials | 12.9% | 16.3% |
| Health Care | 12.5% | 5.6% |
| Consumer Discretionary | 4.4% | 12.2% |
| Other Sectors | 33.4% | 17.5% |
| Unclassified | 5.1% | 6.5% |
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 (5% of ACWV, 7% of EWJ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ACWV | +3.3% | +7.6% | +9.5% | +11.3% | +6.1% | +7.4% | 1.87% |
| EWJ | +4.1% | +20.7% | +31.9% | +19.3% | +10.0% | +9.3% | 3.68% |
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 ACWV vs EWJ →
Shared Holdings(40)
The top 10 shared positions account for 57% of the overlap, led by 9433, 9434 and 6971.
 9433KDDI Corp NPV | 1.01% | 0.96% | 0.96% |
|---|---|---|---|
 9434SoftBank Corp NPV | 0.82% | 0.74% | 0.74% |
 6971KYOCERA Corp. NPV | 0.59% | 0.54% | 0.54% |
 9432NTT Inc. NPV | 0.60% | 0.54% | 0.54% |
 4502Takeda Pharmaceutical Co Ltd. NPV | 0.50% | 0.97% | 0.50% |
 6861Keyence Corp. NPV | 0.44% | 1.87% | 0.44% |
 7751Canon Inc. NPV | 0.49% | 0.44% | 0.44% |
 4578Otsuka Holdings Co Ltd. NPV | 0.43% | 0.61% | 0.43% |
 9020East Japan Railway Co. NPV | 0.43% | 0.39% | 0.39% |
 6702Fujitsu Ltd. NPV | 0.36% | 0.72% | 0.36% |
 9022Central Japan Railway Co. NPV | 0.36% | 0.32% | 0.32% |
 9735Secom Co Ltd NPV | 0.34% | 0.30% | 0.30% |
 4503Astellas Pharma Inc. NPV | 0.24% | 0.49% | 0.24% |
 4307Nomura Research Institute Ltd NPV | 0.26% | 0.23% | 0.23% |
 9532Osaka Gas Co Ltd NPV | 0.25% | 0.23% | 0.23% |
 4661Oriental Land Co Ltd/Japan | 0.22% | 0.30% | 0.22% |
 4507Shionogi & Co Ltd. NPV | 0.21% | 0.27% | 0.21% |
 4901FUJIFILM Holdings Corp. NPV | 0.20% | 0.45% | 0.20% |
 1605Inpex Corp. NPV | 0.20% | 0.38% | 0.20% |
 9502Chubu Electric Power Co Inc. NPV | 0.20% | 0.24% | 0.20% |
 4684OBIC Co Ltd. NPV | 0.18% | 0.16% | 0.16% |
 6841Yokogawa Electric Corporation NPV | 0.15% | 0.14% | 0.14% |
 9531Tokyo Gas Co Ltd NPV | 0.13% | 0.24% | 0.13% |
 9021West Japan Railway Co. NPV | 0.14% | 0.13% | 0.13% |
 7532Pan Pacific International Holdings Corp. NPV | 0.12% | 0.20% | 0.12% |
Frequently Asked Questions
How much do ACWV and EWJ overlap?
ACWV and EWJ overlap by 9.4% of portfolio weight. They share 40 holdings (ACWV holds 412 positions and EWJ holds 179), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ACWV and EWJ?
The two portfolios are 9.4% 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 ACWV and EWJ?
The largest positions held by both funds are 9433, 9434, 6971, 9432 and 4502. Together the top 10 shared positions account for 57% of the total overlap.
What does ACWV own that EWJ doesn't?
372 positions (89.4% of ACWV) are unique to ACWV, led by CSCO, JNJ and TSMWF. In the other direction, 139 positions (85.0% of EWJ) are unique to EWJ.