FVD vs JEPI: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
JEPIJPMorgan Equity Premium Income ETF
JPMorgan · 119 holdings · $45.8B · as of 2026-03-31
How similar are FVD and JEPI?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; JPMorgan Equity Premium Income ETF (JEPI, by JPMorgan) holds 119. They have 35 holdings in common, and by portfolio weight the two funds are 13.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 13.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 35FVD holds 236 · JEPI holds 119
- Weight in Shared Holdings
- FVD 15%·JEPI 31%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 FVD
201 of 236 positions (84.9% of the fund) are not held by JEPI. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | JEPI |
|---|---|---|
| Utilities | 18.9% | 5.4% |
| Financials | 18.5% | 9.3% |
| Industrials | 15.1% | 11.8% |
| Information Technology | 4.6% | 14.5% |
| Health Care | 6.4% | 12.5% |
| Other Sectors | 31.6% | 30.9% |
| Unclassified | 4.7% | 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 (5% of FVD, 14% of JEPI).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FVD | +2.8% | +11.6% | +14.7% | +10.6% | +6.9% | +8.8% | 2.20% |
| 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 FVD vs JEPI →
Shared Holdings(35)
The top 10 shared positions account for 32% of the overlap, led by ETR, BMY and ABBV.
 ETREntergy Corporation COM | 0.46% | 1.08% | 0.46% |
|---|---|---|---|
 BMYBristol-Myers Squibb Company COM | 0.45% | 1.15% | 0.45% |
 ABBVAbbVie Inc. COM | 0.44% | 1.56% | 0.44% |
 XOMExxon Mobil Corp. COM | 0.44% | 0.87% | 0.44% |
 MRKMerck & Co., Inc COM | 0.44% | 0.78% | 0.44% |
 JNJJohnson & Johnson COM | 0.43% | 1.74% | 0.43% |
 XELXcel Energy Inc COM | 0.43% | 0.51% | 0.43% |
 NEENextEra Energy Inc COM | 0.43% | 1.64% | 0.43% |
 SOSouthern Co. (The) | 0.43% | 1.09% | 0.43% |
 PEPPepsico Inc COM | 0.43% | 1.43% | 0.43% |
 UNPUnion Pacific Corporation COM | 0.43% | 0.46% | 0.43% |
 WELLWelltower Inc. COM | 0.42% | 0.70% | 0.42% |
 MDLZMondelez International, Inc., Class A | 0.42% | 1.29% | 0.42% |
 PMPhilip Morris International Inc. COM | 0.42% | 1.20% | 0.42% |
 EMREmerson Electric Co. COM | 0.42% | 1.17% | 0.42% |
 LOWLowes Companies, Inc. COM | 0.42% | 1.35% | 0.42% |
 MCDMcDonald's Corp. COM | 0.42% | 1.31% | 0.42% |
 AJGArthur J Gallagher & Co. | 0.42% | 0.87% | 0.42% |
 AEXChubb Ltd. Switzerland COM | 0.42% | 0.46% | 0.42% |
 ETNEaton Corporation PLC SHS | 0.42% | 1.43% | 0.42% |
 MDTMedtronic PLC SHS | 0.42% | 0.98% | 0.42% |
 ACNAccenture PLC SHS CLASS A | 0.42% | 0.64% | 0.42% |
 CTSHCognizant Technology Solutions Corp., Class A | 0.41% | 0.78% | 0.41% |
 RTXRTX Corp. COM | 0.41% | 1.51% | 0.41% |
 CHDChurch & Dwight Co Inc. COM | 0.41% | 0.49% | 0.41% |
Frequently Asked Questions
How much do FVD and JEPI overlap?
FVD and JEPI overlap by 13.9% of portfolio weight. They share 35 holdings (FVD holds 236 positions and JEPI holds 119), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and JEPI?
The two portfolios are 13.9% 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 FVD and JEPI?
The largest positions held by both funds are ETR, BMY, ABBV, XOM and MRK. Together the top 10 shared positions account for 32% of the total overlap.
What does FVD own that JEPI doesn't?
201 positions (84.9% of FVD) are unique to FVD, led by RIO, SNY and AMX. In the other direction, 84 positions (67.6% of JEPI) are unique to JEPI.