Due to the cost and complexity of transcontinental migration, most Asians in US now, and Jews last generation, come from elites from their previous family homeland who successfully migrated to escape bad government or seeking greater opportunity, when it was tactically hard to do so for the average person. It's a natural filter for smart, capable, effective people who can raise children to be same.
The effect tends to fade over time (shirtsleeves to shirtsleeves, or docks to docks, in three generations). Now that Jewish immigration has mostly ended, their great-grandchildren (and the descendants of previous generations of Asian immigrants) are, as a cohort, not performing academically as well as today's Asian immigrant children and chidren of immigrants.
The math contest winners and teams, deep into the bench, are nearly all children of immigrants (and Polgar-esque homeschoolers who get to avoid time-wasting distractions of school)