EMGF vs AAXJ overlap
EMGF and AAXJ overlap 58.3% by weight, across 307 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (EMGF: May 31, 2026, AAXJ: July 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | EMGF | AAXJ | Overlap |
|---|---|---|---|
| TSMC2330 | 10.85% | 17.21% | 10.85% |
| Samsung Electron005930 | 8.33% | 7.68% | 7.68% |
| SK Hynix Inc.000660 | 5.85% | 5.93% | 5.85% |
| Tencent700 | 2.52% | 3.55% | 2.52% |
| BABA-W9988 | 2.06% | 2.41% | 2.06% |
| Mediatek2454 | 2.15% | 1.46% | 1.46% |
| CCB-H939 | 0.90% | 0.94% | 0.90% |
| Delta ELEC2308 | 1.31% | 0.90% | 0.90% |
| HON HAI2317 | 0.76% | 0.89% | 0.76% |
| SK Square Co Ltd.402340 | 0.69% | 0.60% | 0.60% |
| ICBC-H1398 | 0.66% | 0.59% | 0.59% |
| Icici Bank Ltd.ICICIBC | 0.52% | 0.75% | 0.52% |
| ASE Technology H3711 | 0.48% | 0.54% | 0.48% |
| PDD Holdings Inc.PDD | 0.58% | 0.48% | 0.48% |
| Bank of China-H3988 | 0.54% | 0.45% | 0.45% |
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: EMGF, SEC Form N-PORT, May 31, 2026; AAXJ, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | EMGF | AAXJ |
|---|---|---|
| JPMorgan Chase & Co | $192.3M | $373.9M |
| Morgan Stanley | $61.9M | $152.9M |
| Wells Fargo & Company | $94.0M | $5.1M |
| LPL Financial LLC | $60.0M | $26.4M |
| Bank of America Corp. | $28.6M | $41.5M |
| Ameriprise Financial Inc. | $64.2M | $2.0M |
| Envestnet Asset Management Inc. | $32.5M | $30.8M |
| Raymond James Financial Inc. | $47.5M | $7.1M |
| FMR LLC | $51.2M | $537K |
| UBS Group AG | $1.5M | $24.9M |
| Goldman Sachs Group Inc. | $667K | $25.4M |
| Old Mission Capital LLC | $13.7M | $11.8M |
| Equitable Holdings, Inc. | $22.6M | $202K |
| Royal Bank of Canada | $8.2M | $8.9M |
| Federation des caisses Desjardins du Quebec | $8.4M | $7.1M |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: EMGF institutional holders, AAXJ institutional holders.
Frequently asked questions
How much do EMGF and AAXJ overlap?
58.3% by weight, with 307 holdings in common, using holdings for EMGF as of May 31, 2026 and AAXJ as of July 31, 2026. The largest shared position is 2330.
Do institutions hold both EMGF and AAXJ?
61 Form 13F filers report positions in both, out of 390 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.