DFAE vs AAXJ: Holdings Overlap
DFAEDimensional Emerging Core Equity Market ETF
Dimensional · 6342 holdings · $9.5B · as of 2026-04-30
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
How similar are DFAE and AAXJ?
Dimensional Emerging Core Equity Market ETF (DFAE, by Dimensional) holds 6342 positions; iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916. They have 713 holdings in common, and by portfolio weight the two funds are 61.5% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 61.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 713DFAE holds 6342 · AAXJ holds 916
- Weight in Shared Holdings
- DFAE 63%·AAXJ 85%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 DFAE
5629 of 6342 positions (37.4% of the fund) are not held by AAXJ. Showing the top 30 by weight.
Only in AAXJ
203 of 916 positions (15.1% of the fund) are not held by DFAE. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAE | AAXJ |
|---|---|---|
| Information Technology | 28.8% | 39.6% |
| Financials | 10.5% | 13.9% |
| Consumer Discretionary | 5.6% | 8.1% |
| Communication Services | 4.7% | 6.4% |
| Industrials | 2.4% | 3.5% |
| Other Sectors | 9.2% | 8.1% |
| Unclassified | 39.1% | 20.0% |
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 (39% of DFAE, 20% of AAXJ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFAE | +0.3% | +20.0% | +33.0% | +20.1% | +9.2% | — | 1.80% |
| AAXJ | -0.6% | +22.4% | +35.6% | +20.9% | +7.3% | +8.9% | 1.36% |
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 DFAE vs AAXJ →
Shared Holdings(713)
The top 10 shared positions account for 45% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 12.22% | 16.28% | 12.22% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 4.35% | 6.78% | 4.35% |
 000660SK hynix Inc | 3.49% | 4.63% | 3.49% |
 700Tencent Holdings Ltd. | 2.65% | 3.70% | 2.65% |
 9988Alibaba Group Holding Ltd | 1.40% | 2.70% | 1.40% |
 2308Delta Electronics Inc | 0.90% | 1.30% | 0.90% |
 C6TChina Construction Bank Corp | 0.78% | 1.03% | 0.78% |
 2454MediaTek Inc | 0.69% | 1.21% | 0.69% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.53% | 0.85% | 0.53% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.52% | 0.67% | 0.52% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.47% | 0.51% | 0.47% |
 RELIANCEReliance Industries Ltd | 0.45% | 0.88% | 0.45% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.44% | 0.55% | 0.44% |
 005380Hyundai Motor Co | 0.43% | 0.46% | 0.43% |
 BHARTIBharti Airtel Ltd | 0.41% | 0.48% | 0.41% |
 1810Xiaomi Corp | 0.40% | 0.62% | 0.40% |
 HDFCBHDFC Bank Ltd | 0.34% | 0.88% | 0.34% |
 1211RUBBYD Co Ltd. 'H'CNY1 | 0.34% | 0.46% | 0.34% |
 W8VBank of China Ltd | 0.33% | 0.43% | 0.33% |
 3690Meituan, B Shares | 0.32% | 0.51% | 0.32% |
 3037Unimicron Technology Corp | 0.31% | 0.35% | 0.31% |
 PC6PetroChina Co Ltd | 0.32% | 0.30% | 0.30% |
 2345Accton Technology Corp | 0.30% | 0.36% | 0.30% |
 034020Doosan Enerbility Co Ltd | 0.28% | 0.37% | 0.28% |
 9999NetEase Inc | 0.28% | 0.39% | 0.28% |
Showing the top 250 of 713 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAE and AAXJ overlap?
DFAE and AAXJ overlap by 61.5% of portfolio weight. They share 713 holdings (DFAE holds 6342 positions and AAXJ holds 916), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAE and AAXJ?
The two portfolios are 61.5% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of DFAE and AAXJ?
The largest positions held by both funds are TSMWF, 005930, 000660, 700 and 9988. Together the top 10 shared positions account for 45% of the total overlap.
What does DFAE own that AAXJ doesn't?
5629 positions (37.4% of DFAE) are unique to DFAE, led by SMSNRUB, BABA and IBN. In the other direction, 203 positions (15.1% of AAXJ) are unique to AAXJ.