BBAX vs MXI: Holdings Overlap
BBAXJPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF
JPMorgan · 96 holdings · $6.7B · as of 2026-04-30
MXIiShares Global Materials ETF
iShares · 101 holdings · $349M · as of 2026-03-31
Holdings snapshots are 30 days apart (BBAX: 2026-04-30, MXI: 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 BBAX and MXI?
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX, by JPMorgan) holds 96 positions; iShares Global Materials ETF (MXI, by iShares) holds 101. They have 7 holdings in common, and by portfolio weight the two funds are 10.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7BBAX holds 96 · MXI holds 101
- Weight in Shared Holdings
- BBAX 15%·MXI 10%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 BBAX
89 of 96 positions (84.6% of the fund) are not held by MXI. Showing the top 30 by weight.
Sector Breakdown
| Sector | BBAX | MXI |
|---|---|---|
| Materials | 14.6% | 99.5% |
| Financials | 45.0% | 0.0% |
| Real Estate | 7.6% | 0.1% |
| Industrials | 7.0% | 0.0% |
| Consumer Discretionary | 4.1% | 0.0% |
| Other Sectors | 14.3% | 0.0% |
| Unclassified | 6.6% | 0.0% |
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 (7% of BBAX, 0% of MXI).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| BBAX | +8.2% | +18.1% | +21.6% | +15.2% | +7.0% | — | 3.44% |
| MXI | +6.2% | +18.1% | +32.9% | +13.0% | +7.2% | +10.9% | 1.62% |
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 BBAX vs MXI →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by BHP, RIO and FMG.
 BHPBHP Group Ltd. NPV | 8.66% | 6.21% | 6.21% |
|---|---|---|---|
 RIORio Tinto Ltd. | 2.06% | 1.43% | 1.43% |
 FMGFortescue Ltd. NPV | 1.03% | 0.80% | 0.80% |
 NSTNorthern Star Resources Ltd. NPV | 1.00% | 0.70% | 0.70% |
 EVNEvolution Mining Ltd. | 0.80% | 0.62% | 0.62% |
 S32South32 Ltd. | 0.61% | 0.46% | 0.46% |
 BSLBlueScope Steel Ltd. | 0.43% | 0.27% | 0.27% |
Frequently Asked Questions
How much do BBAX and MXI overlap?
BBAX and MXI overlap by 10.5% of portfolio weight. They share 7 holdings (BBAX holds 96 positions and MXI holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BBAX and MXI?
The two portfolios are 10.5% 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 BBAX and MXI?
The largest positions held by both funds are BHP, RIO, FMG, NST and EVN. Together the top 7 shared positions account for 100% of the total overlap.
What does BBAX own that MXI doesn't?
89 positions (84.6% of BBAX) are unique to BBAX, led by CBA, 1299 and WBC. In the other direction, 94 positions (89.2% of MXI) are unique to MXI.