EWJ vs NFRA: Holdings Overlap
iShares · 179 holdings · $22.4B · as of 2026-05-31
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
Holdings snapshots are 31 days apart (EWJ: 2026-05-31, NFRA: 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 NFRA?
iShares MSCI Japan ETF (EWJ, by iShares) holds 179 positions; FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185. They have 6 holdings in common, and by portfolio weight the two funds are 5.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6EWJ holds 179 · NFRA holds 185
- Weight in Shared Holdings
- EWJ 6%·NFRA 9%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
173 of 179 positions (93.6% of the fund) are not held by NFRA. Showing the top 30 by weight.
Only in NFRA
179 of 185 positions (90.3% of the fund) are not held by EWJ. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWJ | NFRA |
|---|---|---|
| Industrials | 23.4% | 25.7% |
| Utilities | 1.0% | 24.9% |
| Communication Services | 7.0% | 23.2% |
| Information Technology | 17.7% | 0.9% |
| Financials | 16.3% | 0.0% |
| Other Sectors | 27.4% | 16.4% |
| Unclassified | 6.5% | 8.4% |
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, 8% of NFRA).
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% |
| NFRA | +1.4% | +10.0% | +12.8% | +12.9% | +6.1% | +6.9% | 5.63% |
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 NFRA →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by 9984, 9433 and 9432.
 9984SoftBank Group Corp. | 3.34% | 3.76% | 3.34% |
|---|---|---|---|
 9433KDDI Corp. | 0.96% | 1.35% | 0.96% |
 9432NTT Inc. NPV | 0.54% | 1.43% | 0.54% |
 9020East Japan Railway Co. | 0.39% | 1.15% | 0.39% |
 9022Central Japan Railway Co. | 0.32% | 1.08% | 0.32% |
 9021West Japan Railway Co. | 0.13% | 0.38% | 0.13% |
Frequently Asked Questions
How much do EWJ and NFRA overlap?
EWJ and NFRA overlap by 5.7% of portfolio weight. They share 6 holdings (EWJ holds 179 positions and NFRA holds 185), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWJ and NFRA?
The two portfolios are 5.7% 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 NFRA?
The largest positions held by both funds are 9984, 9433, 9432, 9020 and 9022. Together the top 6 shared positions account for 100% of the total overlap.
What does EWJ own that NFRA doesn't?
173 positions (93.6% of EWJ) are unique to EWJ, led by 8306, 7203 and 8035. In the other direction, 179 positions (90.3% of NFRA) are unique to NFRA.