EWJ vs EFA: Holdings Overlap
iShares · 179 holdings · $22.4B · as of 2026-05-31
iShares · 705 holdings · $79.3B · as of 2026-04-30
Holdings snapshots are 31 days apart (EWJ: 2026-05-31, EFA: 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 EWJ and EFA?
iShares MSCI Japan ETF (EWJ, by iShares) holds 179 positions; iShares MSCI EAFE ETF (EFA, by iShares) holds 705. They have 179 holdings in common, and by portfolio weight the two funds are 22.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 22.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 179EWJ holds 179 · EFA holds 705
- Weight in Shared Holdings
- EWJ 99%·EFA 23%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
Every position in EWJ is also held by EFA, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | EWJ | EFA |
|---|---|---|
| Financials | 16.3% | 23.8% |
| Industrials | 23.4% | 18.5% |
| Information Technology | 17.7% | 9.1% |
| Consumer Discretionary | 12.2% | 6.4% |
| Health Care | 5.6% | 9.7% |
| Other Sectors | 17.5% | 26.3% |
| Unclassified | 6.5% | 5.5% |
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, 6% of EFA).
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% |
| EFA | +4.2% | +14.8% | +25.0% | +17.9% | +9.6% | +9.7% | 3.10% |
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 EFA →
Shared Holdings(179)
The top 10 shared positions account for 28% of the overlap, led by 8306, 7203 and 6501.
 8306Mitsubishi UFJ Financial Group Inc. NPV | 4.05% | 0.93% | 0.93% |
|---|---|---|---|
 7203Toyota Motor Corp. NPV | 3.43% | 0.84% | 0.84% |
 6501Hitachi Ltd. NPV | 2.84% | 0.67% | 0.67% |
 6857Advantest Corp. NPV | 2.39% | 0.66% | 0.66% |
 8035Tokyo Electron Ltd. NPV | 2.87% | 0.61% | 0.61% |
 8316Sumitomo Mitsui Financial Group Inc. NPV | 2.56% | 0.60% | 0.60% |
 9984SoftBank Group Corp. | 3.34% | 0.58% | 0.58% |
 6758Sony Group Corp. NPV | 2.54% | 0.57% | 0.57% |
 8411Mizuho Financial Group Inc. NPV | 2.14% | 0.49% | 0.49% |
 8058Mitsubishi Corp. NPV | 1.95% | 0.48% | 0.48% |
 7011Mitsubishi Heavy Industries Ltd. NPV | 1.45% | 0.44% | 0.44% |
 8031Mitsui & Co Ltd. NPV | 1.57% | 0.43% | 0.43% |
 9983Fast Retailing Co Ltd. NPV | 1.89% | 0.41% | 0.41% |
 6861Keyence Corp. NPV | 1.87% | 0.41% | 0.41% |
 8766Tokio Marine Holdings Inc. NPV | 1.56% | 0.39% | 0.39% |
 4063Shin-Etsu Chemical Co Ltd. NPV | 1.57% | 0.36% | 0.36% |
 6503Mitsubishi Electric Corp. NPV | 1.48% | 0.35% | 0.35% |
 8001ITOCHU Corp. NPV | 1.37% | 0.34% | 0.34% |
 6098Recruit Holdings Co Ltd. NPV | 1.80% | 0.30% | 0.30% |
 7741HOYA Corp. NPV | 1.10% | 0.29% | 0.29% |
 5803Fujikura Ltd. NPV | 0.86% | 0.27% | 0.27% |
 6981Murata Manufacturing Co Ltd. NPV | 2.01% | 0.26% | 0.26% |
 8002Marubeni Corp. NPV | 0.88% | 0.25% | 0.25% |
 7974Nintendo Co Ltd. NPV | 0.95% | 0.25% | 0.25% |
 4502Takeda Pharmaceutical Co Ltd. NPV | 0.97% | 0.24% | 0.24% |
Frequently Asked Questions
How much do EWJ and EFA overlap?
EWJ and EFA overlap by 22.9% of portfolio weight. They share 179 holdings (EWJ holds 179 positions and EFA holds 705), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWJ and EFA?
The two portfolios are 22.9% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of EWJ and EFA?
The largest positions held by both funds are 8306, 7203, 6501, 6857 and 8035. Together the top 10 shared positions account for 28% of the total overlap.
What does EWJ own that EFA doesn't?
Nothing. Every position in EWJ is also held by EFA. In the other direction, 526 positions (76.4% of EFA) are unique to EFA.