EWH vs AAXJ: Holdings Overlap
iShares · 28 holdings · $1.2B · as of 2026-05-31
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
Holdings snapshots are 31 days apart (EWH: 2026-05-31, AAXJ: 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 EWH and AAXJ?
iShares MSCI Hong Kong ETF (EWH, by iShares) holds 28 positions; iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916. They have 27 holdings in common, and by portfolio weight the two funds are 4.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 27EWH holds 28 · AAXJ holds 916
- Weight in Shared Holdings
- EWH 98%·AAXJ 4%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 EWH
1 of 28 positions (0.0% of the fund) are not held by AAXJ.
- Euro0.00%
Only in AAXJ
889 of 916 positions (95.6% of the fund) are not held by EWH. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWH | AAXJ |
|---|---|---|
| Financials | 40.7% | 13.9% |
| Information Technology | 0.0% | 39.6% |
| Real Estate | 19.3% | 1.2% |
| Industrials | 14.4% | 3.5% |
| Utilities | 9.5% | 1.0% |
| Other Sectors | 4.7% | 20.5% |
| Unclassified | 9.7% | 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 (10% of EWH, 20% of AAXJ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWH | +7.8% | +8.6% | +13.1% | +10.7% | +1.2% | +4.3% | 4.56% |
| 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 EWH vs AAXJ →
Shared Holdings(27)
The top 10 shared positions account for 74% of the overlap, led by 1299, 388 and 16.
 1299AIA Group Ltd. | 22.85% | 1.09% | 1.09% |
|---|---|---|---|
 388Hong Kong Exchanges & Clearing Ltd. | 11.19% | 0.57% | 0.57% |
 16Sun Hung Kai Properties Ltd. | 4.47% | 0.25% | 0.25% |
 1CK Hutchison Holdings Ltd | 6.01% | 0.22% | 0.22% |
 669Techtronic Industries Co. Ltd. | 4.34% | 0.20% | 0.20% |
 2388BOC Hong Kong Holdings Ltd. | 5.05% | 0.20% | 0.20% |
 2CLP Holdings Ltd | 4.07% | 0.15% | 0.15% |
 1113CK Asset Holdings Ltd | 3.03% | 0.12% | 0.12% |
 823Link REIT | 3.50% | 0.12% | 0.12% |
 6Power Assets Holdings Ltd | 2.79% | 0.11% | 0.11% |
 JMJardine Matheson Holdings Ltd | 2.31% | 0.11% | 0.11% |
 3Hong Kong & China Gas Co Ltd | 2.68% | 0.10% | 0.10% |
 27Galaxy Entertainment Group Ltd | 2.16% | 0.08% | 0.08% |
 288WH Group Ltd | 2.54% | 0.08% | 0.08% |
 HKLHongkong Land Holdings Ltd | 1.68% | 0.08% | 0.08% |
 FUTUFutu Holdings Ltd | 1.60% | 0.08% | 0.08% |
 66MTR Corp Ltd | 1.73% | 0.06% | 0.06% |
 6823HKT Trust & HKT Ltd | 1.67% | 0.06% | 0.06% |
 12Henderson Land Development Co Ltd | 1.63% | 0.06% | 0.06% |
 83Sino Land Co Ltd | 1.58% | 0.06% | 0.06% |
 1308SITC International Holdings Co Ltd | 1.74% | 0.06% | 0.06% |
 1038CK Infrastructure Holdings Ltd | 1.39% | 0.06% | 0.06% |
 1997Wharf Real Estate Investment Co Ltd | 1.45% | 0.05% | 0.05% |
 1928Sands China Ltd. | 1.36% | 0.05% | 0.05% |
 19Swire Pacific Ltd | 1.16% | 0.04% | 0.04% |
Frequently Asked Questions
How much do EWH and AAXJ overlap?
EWH and AAXJ overlap by 4.1% of portfolio weight. They share 27 holdings (EWH holds 28 positions and AAXJ holds 916), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWH and AAXJ?
The two portfolios are 4.1% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EWH and AAXJ?
The largest positions held by both funds are 1299, 388, 16, 1 and 669. Together the top 10 shared positions account for 74% of the total overlap.
What does EWH own that AAXJ doesn't?
1 positions (0.0% of EWH) are unique to EWH, led by Euro. In the other direction, 889 positions (95.6% of AAXJ) are unique to AAXJ.