EWY vs AAXJ: Holdings Overlap
EWYiShares MSCI South Korea ETF
iShares · 82 holdings · $26.5B · as of 2026-05-31
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
Holdings snapshots are 31 days apart (EWY: 2026-05-31, AAXJ: 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 EWY and AAXJ?
iShares MSCI South Korea ETF (EWY, by iShares) holds 82 positions; iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916. They have 81 holdings in common, and by portfolio weight the two funds are 20.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 81EWY holds 82 · AAXJ holds 916
- Weight in Shared Holdings
- EWY 99%·AAXJ 21%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 EWY
1 of 82 positions (0.0% of the fund) are not held by AAXJ.
A023530Lotte Shopping Co Ltd0.00%
Sector Breakdown
| Sector | EWY | AAXJ |
|---|---|---|
| Information Technology | 62.9% | 39.6% |
| Financials | 3.3% | 13.9% |
| Consumer Discretionary | 5.6% | 8.1% |
| Communication Services | 1.2% | 6.4% |
| Industrials | 5.5% | 3.5% |
| Other Sectors | 1.4% | 8.1% |
| Unclassified | 19.6% | 20.0% |
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 (20% of EWY, 20% of AAXJ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWY | -8.4% | +70.8% | +131.2% | +40.3% | +15.3% | +13.6% | 1.23% |
| AAXJ | -0.6% | +22.4% | +35.6% | +20.9% | +7.3% | +8.9% | 1.36% |
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 EWY vs AAXJ →
Shared Holdings(81)
The top 10 shared positions account for 70% of the overlap, led by 005930, 000660 and 402340.
 005930Samsung Electronics Co Ltd | 23.88% | 6.78% | 6.78% |
|---|---|---|---|
 000660SK hynix Inc | 30.85% | 4.63% | 4.63% |
 402340SK Square Co Ltd | 3.08% | 0.51% | 0.51% |
 005380Hyundai Motor Co | 2.43% | 0.46% | 0.46% |
 105560KB Financial Group Inc | 1.40% | 0.38% | 0.38% |
 034020Doosan Enerbility Co Ltd | 1.21% | 0.37% | 0.37% |
 009150Samsung Electro-Mechanics Co Ltd | 3.42% | 0.31% | 0.31% |
 012450Hanwha Aerospace Co Ltd | 1.01% | 0.30% | 0.30% |
 055550Shinhan Financial Group Co Ltd | 1.03% | 0.28% | 0.28% |
 006400Samsung SDI Co Ltd | 1.14% | 0.27% | 0.27% |
 086790Hana Financial Group Inc | 0.83% | 0.23% | 0.23% |
 000270Kia Corp | 1.01% | 0.23% | 0.23% |
 005490POSCO Holdings Inc | 0.82% | 0.22% | 0.22% |
 267260HD Hyundai Electric Co Ltd | 0.68% | 0.20% | 0.20% |
 068270Celltrion Inc | 0.78% | 0.19% | 0.19% |
 035420NAVER Corp | 0.85% | 0.19% | 0.19% |
 028260Samsung C&T Corp | 0.99% | 0.17% | 0.17% |
 329180HD Hyundai Heavy Industries Co Ltd | 0.72% | 0.16% | 0.16% |
 012330Hyundai Mobis Co Ltd | 1.22% | 0.16% | 0.16% |
 010140Samsung Heavy Industries Co Ltd | 0.55% | 0.15% | 0.15% |
 316140Woori Financial Group Inc | 0.53% | 0.15% | 0.15% |
 298040Hyosung Heavy Industries Corp | 0.63% | 0.14% | 0.14% |
 010120LS Electric Co Ltd | 0.60% | 0.14% | 0.14% |
 373220LG Energy Solution Ltd | 0.61% | 0.14% | 0.14% |
 064350Hyundai Rotem Co Ltd | 0.45% | 0.13% | 0.13% |
Frequently Asked Questions
How much do EWY and AAXJ overlap?
EWY and AAXJ overlap by 20.4% of portfolio weight. They share 81 holdings (EWY holds 82 positions and AAXJ holds 916), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWY and AAXJ?
The two portfolios are 20.4% 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 EWY and AAXJ?
The largest positions held by both funds are 005930, 000660, 402340, 005380 and 105560. Together the top 10 shared positions account for 70% of the total overlap.
What does EWY own that AAXJ doesn't?
1 positions (0.0% of EWY) are unique to EWY, led by A023530. In the other direction, 835 positions (78.6% of AAXJ) are unique to AAXJ.