EWA vs BBAX: Holdings Overlap
iShares · 48 holdings · $1.4B · as of 2026-05-31
BBAXJPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF
JPMorgan · 96 holdings · $6.7B · as of 2026-04-30
Holdings snapshots are 31 days apart (EWA: 2026-05-31, BBAX: 2026-04-30). 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 EWA and BBAX?
iShares MSCI Australia ETF (EWA, by iShares) holds 48 positions; JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX, by JPMorgan) holds 96. They have 43 holdings in common, and by portfolio weight the two funds are 63.4% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 63.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 43EWA holds 48 · BBAX holds 96
- Weight in Shared Holdings
- EWA 97%·BBAX 63%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 EWA
5 of 48 positions (2.1% of the fund) are not held by BBAX.
Only in BBAX
53 of 96 positions (35.8% of the fund) are not held by EWA. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWA | BBAX |
|---|---|---|
| Financials | 40.6% | 45.0% |
| Materials | 25.5% | 14.6% |
| Real Estate | 5.3% | 7.6% |
| Industrials | 4.7% | 7.0% |
| Consumer Discretionary | 5.9% | 4.1% |
| Other Sectors | 16.5% | 14.3% |
| Unclassified | 1.0% | 6.6% |
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 (1% of EWA, 7% of BBAX).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWA | +8.1% | +17.8% | +17.9% | +14.3% | +7.2% | +8.2% | 2.79% |
| BBAX | +8.2% | +18.1% | +21.6% | +15.2% | +7.0% | — | 3.44% |
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 EWA vs BBAX →
Shared Holdings(43)
The top 10 shared positions account for 66% of the overlap, led by CBA, BHP and WBC.
 CBACommonwealth Bank of Australia | 13.76% | 9.55% | 9.55% |
|---|---|---|---|
 BHPBHP Group Ltd. | 15.69% | 8.66% | 8.66% |
 WBCWestpac Banking Corp. | 6.14% | 4.32% | 4.32% |
 NABNational Australia Bank Ltd. | 5.71% | 4.00% | 4.00% |
 ANZANZ Group Holdings Ltd. | 5.30% | 3.61% | 3.61% |
 MQGMacquarie Group Ltd. | 4.31% | 2.83% | 2.83% |
 WESWesfarmers Ltd. | 4.51% | 2.73% | 2.73% |
 RIORio Tinto Ltd. | 3.45% | 2.06% | 2.06% |
 WDSWoodside Energy Group Ltd. | 2.89% | 2.05% | 2.05% |
 CSLCSL Ltd. | 2.34% | 1.97% | 1.97% |
 GMGGoodman Group | 3.22% | 1.91% | 1.91% |
 TCLTransurban Group | 2.32% | 1.42% | 1.42% |
 WOWWoolworths Group Ltd. | 2.14% | 1.37% | 1.37% |
 QBEQBE Insurance Group Ltd. | 1.70% | 1.11% | 1.11% |
 FMGFortescue Ltd. | 1.89% | 1.03% | 1.03% |
 BXBBrambles Ltd. | 1.12% | 1.01% | 1.01% |
 NSTNorthern Star Resources Ltd. | 1.29% | 1.00% | 1.00% |
 ALLAristocrat Leisure Ltd. | 1.38% | 0.97% | 0.97% |
 COLColes Group Ltd. | 1.45% | 0.97% | 0.97% |
 STOSantos Ltd. | 1.27% | 0.80% | 0.80% |
 EVNEvolution Mining Ltd. | 1.24% | 0.80% | 0.80% |
 TLSTelstra Group Ltd. | 1.02% | 0.69% | 0.69% |
 ORGOrigin Energy Ltd. | 0.93% | 0.68% | 0.68% |
 SCGScentre Group | 0.99% | 0.63% | 0.63% |
 SUNSuncorp Group Ltd. | 0.94% | 0.61% | 0.61% |
Frequently Asked Questions
How much do EWA and BBAX overlap?
EWA and BBAX overlap by 63.4% of portfolio weight. They share 43 holdings (EWA holds 48 positions and BBAX holds 96), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWA and BBAX?
The two portfolios are 63.4% 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 EWA and BBAX?
The largest positions held by both funds are CBA, BHP, WBC, NAB and ANZ. Together the top 10 shared positions account for 66% of the total overlap.
What does EWA own that BBAX doesn't?
5 positions (2.1% of EWA) are unique to EWA, led by LYC, 0XE and CAR. In the other direction, 53 positions (35.8% of BBAX) are unique to BBAX.