EWJ vs VNQI: Holdings Overlap
iShares · 179 holdings · $22.4B · as of 2026-05-31
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
Holdings snapshots are 31 days apart (EWJ: 2026-05-31, VNQI: 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 VNQI?
iShares MSCI Japan ETF (EWJ, by iShares) holds 179 positions; Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710. They have 7 holdings in common, and by portfolio weight the two funds are 1.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7EWJ holds 179 · VNQI holds 710
- Weight in Shared Holdings
- EWJ 2%·VNQI 12%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
172 of 179 positions (97.4% of the fund) are not held by VNQI. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWJ | VNQI |
|---|---|---|
| Real Estate | 2.0% | 64.7% |
| Industrials | 23.4% | 0.0% |
| Information Technology | 17.7% | 0.0% |
| Financials | 16.3% | 0.0% |
| Consumer Discretionary | 12.2% | 0.0% |
| Other Sectors | 21.2% | 0.0% |
| Unclassified | 6.5% | 34.3% |
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, 35% of VNQI).
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% |
| VNQI | +1.6% | +0.8% | +3.4% | +8.5% | -0.7% | +2.2% | 4.66% |
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 VNQI →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by 8802, 8801 and 1925.
 8802Mitsubishi Estate Co Ltd | 0.51% | 3.14% | 0.51% |
|---|---|---|---|
 8801Mitsui Fudosan Co. Ltd. | 0.48% | 2.76% | 0.48% |
 1925Daiwa House Industry Co Ltd | 0.29% | 1.68% | 0.29% |
 8830Sumitomo Realty & Development Co. Ltd. | 0.27% | 2.63% | 0.27% |
 8951Nippon Building Fund Inc | 0.12% | 0.67% | 0.12% |
 1878Daito Trust Construction Co Ltd | 0.11% | 0.63% | 0.11% |
 3003Hulic Co Ltd | 0.09% | 0.69% | 0.09% |
Frequently Asked Questions
How much do EWJ and VNQI overlap?
EWJ and VNQI overlap by 1.9% of portfolio weight. They share 7 holdings (EWJ holds 179 positions and VNQI holds 710), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWJ and VNQI?
The two portfolios are 1.9% 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 VNQI?
The largest positions held by both funds are 8802, 8801, 1925, 8830 and 8951. Together the top 7 shared positions account for 100% of the total overlap.
What does EWJ own that VNQI doesn't?
172 positions (97.4% of EWJ) are unique to EWJ, led by 8306, 7203 and 9984. In the other direction, 703 positions (86.8% of VNQI) are unique to VNQI.