FVD vs JEPQ: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
JEPQJPMorgan Nasdaq Equity Premium Income ETF
JPMorgan · 107 holdings · $39.9B · as of 2026-03-31
How similar are FVD and JEPQ?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; JPMorgan Nasdaq Equity Premium Income ETF (JEPQ, by JPMorgan) holds 107. They have 20 holdings in common, and by portfolio weight the two funds are 6.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20FVD holds 236 · JEPQ holds 107
- Weight in Shared Holdings
- FVD 9%·JEPQ 10%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
216 of 236 positions (91.2% of the fund) are not held by JEPQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | JEPQ |
|---|---|---|
| Information Technology | 4.6% | 40.2% |
| Utilities | 18.9% | 1.1% |
| Financials | 18.5% | 0.5% |
| Industrials | 15.1% | 2.9% |
| Communication Services | 2.5% | 12.5% |
| Other Sectors | 35.5% | 22.4% |
| Unclassified | 4.7% | 16.9% |
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, 18% of JEPQ).
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% |
| JEPQ | +1.9% | +10.1% | +21.5% | +19.2% | — | — | 10.92% |
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 JEPQ →
Shared Holdings(20)
The top 10 shared positions account for 62% of the overlap, led by CSX, LIN and ABBV.
 CSXCSX Corporation COM | 0.44% | 0.65% | 0.44% |
|---|---|---|---|
 LINLinde PLC COM EUR0.001 | 0.43% | 0.88% | 0.43% |
 ABBVAbbVie Inc. COM | 0.44% | 0.43% | 0.43% |
 PEPPepsico Inc COM | 0.43% | 0.96% | 0.43% |
 MDLZMondelez International, Inc., Class A | 0.42% | 0.53% | 0.42% |
 HONHoneywell International Inc. COM | 0.42% | 0.81% | 0.42% |
 TMUST-Mobile US Inc COM | 0.42% | 0.86% | 0.42% |
 AMGNAmgen Inc. COM | 0.42% | 0.44% | 0.42% |
 CMCSAComcast Corporation CL A | 0.41% | 0.58% | 0.41% |
 CSCOCisco Systems, Inc. COM | 0.41% | 1.12% | 0.41% |
 ETNEaton Corporation PLC SHS | 0.42% | 0.36% | 0.36% |
 XELXcel Energy Inc COM | 0.43% | 0.35% | 0.35% |
 NEENextEra Energy Inc COM | 0.43% | 0.34% | 0.34% |
 SOSouthern Co. (The) | 0.43% | 0.33% | 0.33% |
 LOWLowes Companies, Inc. COM | 0.42% | 0.30% | 0.30% |
 BMYBristol-Myers Squibb Company COM | 0.45% | 0.25% | 0.25% |
 KOCoca-Cola Co (The) COM | 0.42% | 0.21% | 0.21% |
 CTSHCognizant Technology Solutions Corp., Class A | 0.41% | 0.16% | 0.16% |
 GILDGilead Sciences Inc. COM | 0.43% | 0.14% | 0.14% |
 KHCThe Kraft Heinz Co. COM | 0.44% | 0.11% | 0.11% |
Frequently Asked Questions
How much do FVD and JEPQ overlap?
FVD and JEPQ overlap by 6.8% of portfolio weight. They share 20 holdings (FVD holds 236 positions and JEPQ holds 107), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and JEPQ?
The two portfolios are 6.8% 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 JEPQ?
The largest positions held by both funds are CSX, LIN, ABBV, PEP and MDLZ. Together the top 10 shared positions account for 62% of the total overlap.
What does FVD own that JEPQ doesn't?
216 positions (91.2% of FVD) are unique to FVD, led by ETR, RIO and SNY. In the other direction, 87 positions (86.8% of JEPQ) are unique to JEPQ.