FDL vs JEPI: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
JEPIJPMorgan Equity Premium Income ETF
JPMorgan · 119 holdings · $45.8B · as of 2026-03-31
How similar are FDL and JEPI?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; JPMorgan Equity Premium Income ETF (JEPI, by JPMorgan) holds 119. They have 9 holdings in common, and by portfolio weight the two funds are 7.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 9FDL holds 86 · JEPI holds 119
- Weight in Shared Holdings
- FDL 36%·JEPI 7%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in FDL
77 of 86 positions (63.7% of the fund) are not held by JEPI. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDL | JEPI |
|---|---|---|
| Energy | 28.9% | 3.3% |
| Health Care | 17.2% | 12.5% |
| Information Technology | 1.0% | 14.5% |
| Consumer Staples | 14.1% | 7.8% |
| Financials | 13.8% | 9.3% |
| Other Sectors | 24.9% | 37.0% |
| Unclassified | 0.0% | 13.9% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (0% of FDL, 14% of JEPI).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FDL | +3.6% | +19.1% | +27.6% | +18.9% | +14.1% | +11.1% | 3.56% |
| JEPI | +1.9% | +5.5% | +11.6% | +9.5% | +7.5% | — | 7.95% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in FDL vs JEPI →
Shared Holdings(9)
The top 9 shared positions account for 100% of the overlap, led by EOG, PEP and BMY.
 EOGEOG Resources Inc. COM | 1.55% | 1.69% | 1.55% |
|---|---|---|---|
 PEPPepsico Inc COM | 4.76% | 1.43% | 1.43% |
 BMYBristol-Myers Squibb Company COM | 3.26% | 1.15% | 1.15% |
 XOMExxon Mobil Corp. COM | 11.05% | 0.87% | 0.87% |
 MRKMerck & Co., Inc COM | 5.51% | 0.78% | 0.78% |
 COPConocoPhillips COM | 2.97% | 0.46% | 0.46% |
 BBYBest Buy Co Inc. COM | 0.46% | 0.29% | 0.29% |
 USBU.S. Bancorp. COM NEW | 2.05% | 0.27% | 0.27% |
 MOAltria Group, Inc. COM | 4.45% | 0.23% | 0.23% |
Frequently Asked Questions
How much do FDL and JEPI overlap?
FDL and JEPI overlap by 7.0% of portfolio weight. They share 9 holdings (FDL holds 86 positions and JEPI holds 119), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and JEPI?
The two portfolios are 7.0% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of FDL and JEPI?
The largest positions held by both funds are EOG, PEP, BMY, XOM and MRK. Together the top 9 shared positions account for 100% of the total overlap.
What does FDL own that JEPI doesn't?
77 positions (63.7% of FDL) are unique to FDL, led by CVX, VZ and PFE. In the other direction, 110 positions (91.2% of JEPI) are unique to JEPI.