DXJ vs MXI: Holdings Overlap
DXJWisdomTree Japan Hedged Equity Fund
WisdomTree · 430 holdings · $7.1B · as of 2026-03-31
MXIiShares Global Materials ETF
iShares · 101 holdings · $349M · as of 2026-03-31
How similar are DXJ and MXI?
WisdomTree Japan Hedged Equity Fund (DXJ, by WisdomTree) holds 430 positions; iShares Global Materials ETF (MXI, by iShares) holds 101. They have 7 holdings in common, and by portfolio weight the two funds are 3.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7DXJ holds 430 · MXI holds 101
- Weight in Shared Holdings
- DXJ 3%·MXI 5%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 DXJ
423 of 430 positions (93.2% of the fund) are not held by MXI. Showing the top 30 by weight.
Sector Breakdown
| Sector | DXJ | MXI |
|---|---|---|
| Materials | 3.5% | 99.5% |
| Industrials | 19.3% | 0.0% |
| Financials | 17.5% | 0.0% |
| Consumer Discretionary | 11.7% | 0.0% |
| Health Care | 6.7% | 0.0% |
| Other Sectors | 15.1% | 0.2% |
| Unclassified | 22.6% | 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 (23% of DXJ, 0% of MXI).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DXJ | +2.2% | +25.3% | +49.6% | +31.9% | +27.8% | +19.0% | 0.94% |
| 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 DXJ vs MXI →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by 4063, 5401 and 3407.
 4063Shin-Etsu Chemical Co Ltd. NPV | 1.28% | 2.73% | 1.28% |
|---|---|---|---|
 5401Nippon Steel Corp. NPV | 0.72% | 0.67% | 0.67% |
 3407Asahi Kasei Corp. NPV | 0.35% | 0.45% | 0.35% |
 4188Mitsubishi Chemical Group Corp. NPV | 0.26% | 0.27% | 0.26% |
 6988Nitto Denko Corp. NPV | 0.24% | 0.46% | 0.24% |
 3402Toray Industries Inc. NPV | 0.18% | 0.36% | 0.18% |
 4612Nippon Paint Holdings Co Ltd. NPV | 0.18% | 0.23% | 0.18% |
Frequently Asked Questions
How much do DXJ and MXI overlap?
DXJ and MXI overlap by 3.2% of portfolio weight. They share 7 holdings (DXJ holds 430 positions and MXI holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DXJ and MXI?
The two portfolios are 3.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of DXJ and MXI?
The largest positions held by both funds are 4063, 5401, 3407, 4188 and 6988. Together the top 7 shared positions account for 100% of the total overlap.
What does DXJ own that MXI doesn't?
423 positions (93.2% of DXJ) are unique to DXJ, led by 8306, 7203 and 8766. In the other direction, 94 positions (94.5% of MXI) are unique to MXI.