EWJ vs VEA: Holdings Overlap
iShares · 179 holdings · $22.4B · as of 2026-05-31
VEAVanguard Developed Markets Index Fund
Vanguard · 3886 holdings · $235.0B · as of 2026-03-31
Holdings snapshots are 61 days apart (EWJ: 2026-05-31, VEA: 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 VEA?
iShares MSCI Japan ETF (EWJ, by iShares) holds 179 positions; Vanguard Developed Markets Index Fund (VEA, by Vanguard) holds 3886. They have 178 holdings in common, and by portfolio weight the two funds are 16.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 178EWJ holds 179 · VEA holds 3886
- Weight in Shared Holdings
- EWJ 99%·VEA 16%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
1 of 179 positions (0.3% of the fund) are not held by VEA.
- JAPANESE YEN0.27%
Sector Breakdown
| Sector | EWJ | VEA |
|---|---|---|
| Industrials | 23.4% | 13.9% |
| Financials | 16.3% | 20.4% |
| Information Technology | 17.7% | 9.9% |
| Consumer Discretionary | 12.2% | 5.4% |
| Health Care | 5.6% | 7.3% |
| Other Sectors | 17.5% | 23.7% |
| Unclassified | 6.5% | 18.5% |
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, 19% of VEA).
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% |
| VEA | +3.0% | +17.5% | +29.9% | +19.8% | +10.2% | +10.3% | 2.49% |
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 VEA →
Shared Holdings(178)
The top 10 shared positions account for 28% of the overlap, led by 7203, 8306 and 6501.
 7203Toyota Motor Corp. NPV | 3.43% | 0.76% | 0.76% |
|---|---|---|---|
 8306Mitsubishi UFJ Financial Group Inc. NPV | 4.05% | 0.64% | 0.64% |
 6501Hitachi Ltd. NPV | 2.84% | 0.44% | 0.44% |
 6758Sony Group Corp. NPV | 2.54% | 0.43% | 0.43% |
 8316Sumitomo Mitsui Financial Group Inc. NPV | 2.56% | 0.41% | 0.41% |
 8058Mitsubishi Corp. NPV | 1.95% | 0.39% | 0.39% |
 8035Tokyo Electron Ltd. NPV | 2.87% | 0.38% | 0.38% |
 6857Advantest Corp. NPV | 2.39% | 0.34% | 0.34% |
 8031Mitsui & Co Ltd. NPV | 1.57% | 0.34% | 0.34% |
 8411Mizuho Financial Group Inc. NPV | 2.14% | 0.33% | 0.33% |
 9984SoftBank Group Corp. | 3.34% | 0.33% | 0.33% |
 7011Mitsubishi Heavy Industries Ltd. NPV | 1.45% | 0.30% | 0.30% |
 8766Tokio Marine Holdings Inc. NPV | 1.56% | 0.29% | 0.29% |
 8001ITOCHU Corp. NPV | 1.37% | 0.27% | 0.27% |
 4063Shin-Etsu Chemical Co Ltd. NPV | 1.57% | 0.26% | 0.26% |
 9983Fast Retailing Co Ltd. NPV | 1.89% | 0.24% | 0.24% |
 6861Keyence Corp. NPV | 1.87% | 0.23% | 0.23% |
 6503Mitsubishi Electric Corp. NPV | 1.48% | 0.22% | 0.22% |
 7974Nintendo Co Ltd. NPV | 0.95% | 0.20% | 0.20% |
 4502Takeda Pharmaceutical Co Ltd. NPV | 0.97% | 0.20% | 0.20% |
 7741HOYA Corp. NPV | 1.10% | 0.20% | 0.20% |
 6098Recruit Holdings Co Ltd. NPV | 1.80% | 0.20% | 0.20% |
 8002Marubeni Corp. NPV | 0.88% | 0.18% | 0.18% |
 9433KDDI Corp. | 0.96% | 0.16% | 0.16% |
 5803Fujikura Ltd. NPV | 0.86% | 0.15% | 0.15% |
Frequently Asked Questions
How much do EWJ and VEA overlap?
EWJ and VEA overlap by 16.0% of portfolio weight. They share 178 holdings (EWJ holds 179 positions and VEA holds 3886), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWJ and VEA?
The two portfolios are 16.0% 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 VEA?
The largest positions held by both funds are 7203, 8306, 6501, 6758 and 8316. Together the top 10 shared positions account for 28% of the total overlap.
What does EWJ own that VEA doesn't?
1 positions (0.3% of EWJ) are unique to EWJ, led by JAPANESE YEN. In the other direction, 3708 positions (83.1% of VEA) are unique to VEA.