etf overlap tool · moderate overlap
XLK vs JEPQ overlap
85% of XLK's money sits in companies JEPQ also holds; 45% of the two funds is the same money, spread over 30 companies both hold.
Holdings as of October 16, 2026 · source: SPDR (XLK), J.P. Morgan (JEPQ) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
Hold XLK and JEPQ with other funds or stocks? The free portfolio optimizer opens XLK 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
XLK and JEPQ: what people ask
How much do XLK and JEPQ overlap?
45% by weight, as of October 16, 2026: moderate overlap. 30 companies appear in both funds; they make up 85% of XLK and 46% of JEPQ.
Which stocks do XLK and JEPQ both hold?
The largest shared positions are NVDA, AAPL, MSFT, MU and AMD. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both XLK and JEPQ?
Out of every $100 split evenly between them, about $45 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 45 names only in XLK, 64 only in JEPQ. Half in each behaves like 21 equally weighted stocks, against 14 for XLK 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 SPDR 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.