etf overlap tool · moderate overlap
SMH vs JEPQ overlap
81% of SMH's money sits in companies JEPQ also holds; 27% of the two funds is the same money, spread over 18 companies both hold.
Holdings as of October 16, 2026 · source: VanEck (SMH), J.P. Morgan (JEPQ) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
Hold SMH and JEPQ with other funds or stocks? The free portfolio optimizer opens SMH and JEPQ beside the rest of what you own: the companies you hold twice, what the funds cost a year, and where the next deposit should go. No account.
The companies you would own twice
What only one of them gives you
Where each fund puts its money
SMH and JEPQ: what people ask
How much do SMH and JEPQ overlap?
27% by weight, as of October 16, 2026: moderate overlap. 18 companies appear in both funds; they make up 81% of SMH and 27% of JEPQ.
Which stocks do SMH and JEPQ both hold?
The largest shared positions are NVDA, MU, AMD, AVGO and LRCX. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both SMH and JEPQ?
Out of every $100 split evenly between them, about $27 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 7 names only in SMH, 76 only in JEPQ. Half in each behaves like 23 equally weighted stocks, against 13 for SMH alone and 27 for JEPQ alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
How is ETF overlap calculated here?
For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files VanEck and J.P. Morgan publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.
Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.