FXI vs AAXJ: Holdings Overlap
FXIiShares China Large-Cap ETF
iShares · 52 holdings · $4.3B · as of 2026-04-30
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
How similar are FXI and AAXJ?
iShares China Large-Cap ETF (FXI, by iShares) holds 52 positions; iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916. They have 48 holdings in common, and by portfolio weight the two funds are 15.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 48FXI holds 52 · AAXJ holds 916
- Weight in Shared Holdings
- FXI 100%·AAXJ 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 FXI
4 of 52 positions (0.3% of the fund) are not held by AAXJ.
Sector Breakdown
| Sector | FXI | AAXJ |
|---|---|---|
| Information Technology | 5.4% | 39.6% |
| Financials | 31.0% | 13.9% |
| Consumer Discretionary | 25.4% | 8.1% |
| Communication Services | 15.4% | 6.4% |
| Energy | 5.6% | 1.9% |
| Other Sectors | 8.8% | 9.8% |
| Unclassified | 8.3% | 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 (8% of FXI, 20% of AAXJ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FXI | +11.3% | -4.8% | -2.4% | +10.4% | +0.1% | +2.5% | 1.88% |
| 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 FXI vs AAXJ →
Shared Holdings(48)
The top 10 shared positions account for 69% of the overlap, led by 700, 9988 and C6T.
 700Tencent Holdings Ltd. | 7.72% | 3.70% | 3.70% |
|---|---|---|---|
 9988Alibaba Group Holding Ltd | 8.66% | 2.70% | 2.70% |
 C6TChina Construction Bank Corp | 8.25% | 1.03% | 1.03% |
 1810Xiaomi Corp | 5.41% | 0.62% | 0.62% |
 ICKIndustrial & Commercial Bank of China Ltd | 6.02% | 0.55% | 0.55% |
 2318RUBPing An Insurance Group Co of China Ltd | 4.41% | 0.51% | 0.51% |
 3690Meituan, B Shares | 4.79% | 0.51% | 0.51% |
 1211RUBBYD Co Ltd | 4.09% | 0.46% | 0.46% |
 W8VBank of China Ltd | 3.72% | 0.43% | 0.43% |
 9999NetEase Inc | 3.56% | 0.39% | 0.39% |
 9618JD.com Inc | 3.00% | 0.35% | 0.35% |
 9888Baidu, Inc., A Shares | 2.83% | 0.33% | 0.33% |
 9961Trip.com Group Ltd | 2.69% | 0.32% | 0.32% |
 PC6PetroChina Co Ltd | 2.68% | 0.30% | 0.30% |
 CHLChina Life Insurance Co Ltd | 2.30% | 0.26% | 0.26% |
 FJZZijin Mining Group Co Ltd | 2.32% | 0.26% | 0.26% |
 M4BChina Merchants Bank Co Ltd | 1.92% | 0.23% | 0.23% |
 EK7Agricultural Bank of China Ltd | 2.00% | 0.21% | 0.21% |
 IKFChina Shenhua Energy Co Ltd | 1.75% | 0.20% | 0.20% |
 IJ0BeOne Medicines Ltd | 1.49% | 0.19% | 0.19% |
 1024Kuaishou Technology | 1.31% | 0.14% | 0.14% |
 1109China Resources Land Ltd | 1.01% | 0.13% | 0.13% |
 CHUChina Petroleum & Chemical Corp | 1.12% | 0.13% | 0.13% |
 2020ANTA Sports Products Ltd | 1.09% | 0.13% | 0.13% |
 PJCPICC Property & Casualty Co Ltd | 1.04% | 0.12% | 0.12% |
Frequently Asked Questions
How much do FXI and AAXJ overlap?
FXI and AAXJ overlap by 15.7% of portfolio weight. They share 48 holdings (FXI holds 52 positions and AAXJ holds 916), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FXI and AAXJ?
The two portfolios are 15.7% 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 FXI and AAXJ?
The largest positions held by both funds are 700, 9988, C6T, 1810 and ICK. Together the top 10 shared positions account for 69% of the total overlap.
What does FXI own that AAXJ doesn't?
4 positions (0.3% of FXI) are unique to FXI, led by 0BO, C0V and 2NM0. In the other direction, 868 positions (84.0% of AAXJ) are unique to AAXJ.