EWJ vs MXI: Holdings Overlap
iShares · 179 holdings · $22.4B · as of 2026-05-31
MXIiShares Global Materials ETF
iShares · 101 holdings · $349M · as of 2026-03-31
Holdings snapshots are 61 days apart (EWJ: 2026-05-31, MXI: 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 MXI?
iShares MSCI Japan ETF (EWJ, by iShares) holds 179 positions; iShares Global Materials ETF (MXI, by iShares) holds 101. They have 10 holdings in common, and by portfolio weight the two funds are 3.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10EWJ holds 179 · MXI holds 101
- Weight in Shared Holdings
- EWJ 4%·MXI 6%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
169 of 179 positions (95.7% of the fund) are not held by MXI. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWJ | MXI |
|---|---|---|
| Materials | 3.3% | 99.5% |
| Industrials | 23.4% | 0.0% |
| Information Technology | 17.7% | 0.0% |
| Financials | 16.3% | 0.0% |
| Consumer Discretionary | 12.2% | 0.0% |
| Other Sectors | 19.8% | 0.2% |
| Unclassified | 6.5% | 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 (7% of EWJ, 0% of MXI).
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% |
| 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 EWJ vs MXI →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by 4063, 5401 and 3407.
 4063Shin-Etsu Chemical Co Ltd. NPV | 1.57% | 2.73% | 1.57% |
|---|---|---|---|
 5401Nippon Steel Corp. NPV | 0.33% | 0.67% | 0.33% |
 3407Asahi Kasei Corp. NPV | 0.28% | 0.45% | 0.28% |
 5713Sumitomo Metal Mining Co Ltd. NPV | 0.27% | 0.55% | 0.27% |
 6988Nitto Denko Corp. NPV | 0.24% | 0.46% | 0.24% |
 3402Toray Industries Inc. NPV | 0.20% | 0.36% | 0.20% |
 4188Mitsubishi Chemical Group Corp. NPV | 0.17% | 0.27% | 0.17% |
 4612Nippon Paint Holdings Co Ltd. NPV | 0.12% | 0.23% | 0.12% |
 5411JFE Holdings, Inc. NPV | 0.12% | 0.25% | 0.12% |
| JAPANESE YEN | 0.27% | 0.02% | 0.02% |
Frequently Asked Questions
How much do EWJ and MXI overlap?
EWJ and MXI overlap by 3.3% of portfolio weight. They share 10 holdings (EWJ holds 179 positions and MXI holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWJ and MXI?
The two portfolios are 3.3% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EWJ and MXI?
The largest positions held by both funds are 4063, 5401, 3407, 5713 and 6988. Together the top 10 shared positions account for 100% of the total overlap.
What does EWJ own that MXI doesn't?
169 positions (95.7% of EWJ) are unique to EWJ, led by 8306, 7203 and 9984. In the other direction, 91 positions (93.7% of MXI) are unique to MXI.