EWJ vs DXJ: Holdings Overlap
iShares · 179 holdings · $22.4B · as of 2026-05-31
DXJWisdomTree Japan Hedged Equity Fund
WisdomTree · 430 holdings · $7.1B · as of 2026-03-31
Holdings snapshots are 61 days apart (EWJ: 2026-05-31, DXJ: 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 EWJ and DXJ?
iShares MSCI Japan ETF (EWJ, by iShares) holds 179 positions; WisdomTree Japan Hedged Equity Fund (DXJ, by WisdomTree) holds 430. They have 105 holdings in common, and by portfolio weight the two funds are 55.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 55.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 105EWJ holds 179 · DXJ holds 430
- Weight in Shared Holdings
- EWJ 76%·DXJ 77%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 EWJ
74 of 179 positions (23.0% of the fund) are not held by DXJ. Showing the top 30 by weight.
Only in DXJ
325 of 430 positions (19.6% of the fund) are not held by EWJ. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWJ | DXJ |
|---|---|---|
| Industrials | 23.4% | 19.3% |
| Information Technology | 17.7% | 6.5% |
| Financials | 16.3% | 17.5% |
| Consumer Discretionary | 12.2% | 11.7% |
| Communication Services | 7.0% | 3.3% |
| Other Sectors | 16.1% | 15.6% |
| Unclassified | 6.5% | 22.6% |
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 (7% of EWJ, 23% of DXJ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWJ | +4.1% | +20.7% | +31.9% | +19.3% | +10.0% | +9.3% | 3.68% |
| DXJ | +2.2% | +25.3% | +49.6% | +31.9% | +27.8% | +19.0% | 0.94% |
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 EWJ vs DXJ →
Shared Holdings(105)
The top 10 shared positions account for 39% of the overlap, led by 8306, 7203 and 8316.
 8306Mitsubishi UFJ Financial Group Inc. NPV | 4.05% | 4.71% | 4.05% |
|---|---|---|---|
 7203Toyota Motor Corp. NPV | 3.43% | 4.56% | 3.43% |
 8316Sumitomo Mitsui Financial Group Inc. NPV | 2.56% | 3.06% | 2.56% |
 8411Mizuho Financial Group Inc. NPV | 2.14% | 2.31% | 2.14% |
 8058Mitsubishi Corp. NPV | 1.95% | 3.06% | 1.95% |
 8035Tokyo Electron Ltd. NPV | 2.87% | 1.69% | 1.69% |
 8031Mitsui & Co Ltd. NPV | 1.57% | 2.44% | 1.57% |
 8766Tokio Marine Holdings Inc. NPV | 1.56% | 3.13% | 1.56% |
 8001ITOCHU Corp. NPV | 1.37% | 1.82% | 1.37% |
 4063Shin-Etsu Chemical Co Ltd. NPV | 1.57% | 1.28% | 1.28% |
 6503Mitsubishi Electric Corp. NPV | 1.48% | 1.09% | 1.09% |
 5802Sumitomo Electric Industries Ltd. NPV | 1.05% | 1.21% | 1.05% |
 6501Hitachi Ltd. NPV | 2.84% | 1.02% | 1.02% |
 4502Takeda Pharmaceutical Co Ltd. NPV | 0.97% | 2.05% | 0.97% |
 8053Sumitomo Corp. NPV | 0.92% | 1.54% | 0.92% |
 9983Fast Retailing Co Ltd. NPV | 1.89% | 0.92% | 0.92% |
 2914Japan Tobacco Inc NPV | 0.88% | 2.42% | 0.88% |
 8002Marubeni Corp. NPV | 0.88% | 1.18% | 0.88% |
 6752Panasonic Holdings Corporation COMMON STOCK | 1.03% | 0.81% | 0.81% |
 6301Komatsu Ltd. NPV | 0.74% | 1.05% | 0.74% |
 8750Daiichi Life Group Inc. NPV | 0.69% | 0.98% | 0.69% |
 6981Murata Manufacturing Co Ltd. NPV | 2.01% | 0.69% | 0.69% |
 8725MS&AD Insurance Group Holdings Inc. NPV | 0.66% | 1.03% | 0.66% |
 7011Mitsubishi Heavy Industries Ltd. NPV | 1.45% | 0.64% | 0.64% |
 7267Honda Motor Co Ltd. NPV | 0.64% | 1.47% | 0.64% |
Frequently Asked Questions
How much do EWJ and DXJ overlap?
EWJ and DXJ overlap by 55.4% of portfolio weight. They share 105 holdings (EWJ holds 179 positions and DXJ holds 430), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWJ and DXJ?
The two portfolios are 55.4% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of EWJ and DXJ?
The largest positions held by both funds are 8306, 7203, 8316, 8411 and 8058. Together the top 10 shared positions account for 39% of the total overlap.
What does EWJ own that DXJ doesn't?
74 positions (23.0% of EWJ) are unique to EWJ, led by 9984, 285A and 9433. In the other direction, 325 positions (19.6% of DXJ) are unique to DXJ.