etf overlap tool · moderate overlap
VT vs JEPQ overlap
81% of JEPQ's money sits in companies VT also holds; 31% of the two funds is the same money, spread over 92 companies both hold.
Holdings as of September 30, 2026 · source: Vanguard (VT), J.P. Morgan (JEPQ) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
Hold VT and JEPQ with other funds or stocks? The free portfolio optimizer opens VT 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
VT and JEPQ: what people ask
How much do VT and JEPQ overlap?
31% by weight, as of September 30, 2026: moderate overlap. 92 companies appear in both funds; they make up 32% of VT and 81% of JEPQ.
Which stocks do VT and JEPQ both hold?
The largest shared positions are NVDA, AAPL, MSFT, AMZN and AVGO. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both VT and JEPQ?
Out of every $100 split evenly between them, about $31 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 10,063 names only in VT, 2 only in JEPQ. Half in each behaves like 55 equally weighted stocks, against 128 for VT 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 Vanguard 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.