JEPI vs DGRO: Holdings Overlap
JEPIJPMorgan Equity Premium Income ETF
JPMorgan · 119 holdings · $45.8B · as of 2026-03-31
DGROiShares Core Dividend Growth ETF
iShares · 394 holdings · $43.4B · as of 2026-04-30
Holdings snapshots are 30 days apart (JEPI: 2026-03-31, DGRO: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are JEPI and DGRO?
JPMorgan Equity Premium Income ETF (JEPI, by JPMorgan) holds 119 positions; iShares Core Dividend Growth ETF (DGRO, by iShares) holds 394. They have 65 holdings in common, and by portfolio weight the two funds are 33.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 33.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 65JEPI holds 119 · DGRO holds 394
- Weight in Shared Holdings
- JEPI 59%·DGRO 51%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 JEPI
54 of 119 positions (39.4% of the fund) are not held by DGRO. Showing the top 30 by weight.
Sector Breakdown
| Sector | JEPI | DGRO |
|---|---|---|
| Financials | 9.3% | 21.1% |
| Information Technology | 14.5% | 18.5% |
| Health Care | 12.5% | 16.4% |
| Industrials | 11.8% | 11.5% |
| Consumer Staples | 7.8% | 11.5% |
| Other Sectors | 28.5% | 20.8% |
| Unclassified | 13.9% | 0.0% |
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 (14% of JEPI, 0% of DGRO).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| JEPI | +1.9% | +5.5% | +11.6% | +9.5% | +7.5% | — | 7.95% |
| DGRO | +2.4% | +15.5% | +25.2% | +17.4% | +11.3% | +13.6% | 1.86% |
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 JEPI vs DGRO →
Shared Holdings(65)
The top 10 shared positions account for 40% of the overlap, led by JNJ, ABBV and PEP.
 JNJJohnson & Johnson COM | 1.74% | 2.64% | 1.74% |
|---|---|---|---|
 ABBVAbbVie Inc. COM | 1.56% | 2.52% | 1.56% |
 PEPPepsico Inc COM | 1.43% | 1.70% | 1.43% |
 AAPLApple Inc. COM | 1.39% | 2.93% | 1.39% |
 AVGOBroadcom Inc COM | 1.31% | 3.25% | 1.31% |
 MSFTMicrosoft Corp. COM | 1.28% | 2.91% | 1.28% |
 NEENextEra Energy Inc COM | 1.64% | 1.23% | 1.23% |
 PMPhilip Morris International Inc. COM | 1.20% | 1.94% | 1.20% |
 VVisa, Inc., Class A | 1.30% | 1.05% | 1.05% |
 MCDMcDonald's Corp. COM | 1.31% | 1.04% | 1.04% |
 WMTWalmart Inc COM | 1.43% | 0.95% | 0.95% |
 XOMExxon Mobil Corp. COM | 0.87% | 2.90% | 0.87% |
 LLYEli Lilly & Co. COM | 0.83% | 1.14% | 0.83% |
 MRKMerck & Co., Inc COM | 0.78% | 1.75% | 0.78% |
 SOSouthern Co. (The) | 1.09% | 0.72% | 0.72% |
 MDTMedtronic PLC USD0.0001 | 0.98% | 0.72% | 0.72% |
 RTXRTX Corp. COM | 1.51% | 0.68% | 0.68% |
 ACNAccenture PLC CLS'A'USD0.0000225 | 0.64% | 0.76% | 0.64% |
 MAMasterCard Incorporated CL A | 1.35% | 0.61% | 0.61% |
 MDLZMondelez International, Inc., Class A | 1.29% | 0.61% | 0.61% |
 ORCLOracle Corp. COM | 0.59% | 0.80% | 0.59% |
 LOWLowes Companies, Inc. COM | 1.35% | 0.57% | 0.57% |
 ADIAnalog Devices Inc. COM | 1.28% | 0.54% | 0.54% |
 EOGEOG Resources Inc. COM | 1.69% | 0.53% | 0.53% |
 COSTCostco Wholesale Corporation COM | 0.89% | 0.52% | 0.52% |
Frequently Asked Questions
How much do JEPI and DGRO overlap?
JEPI and DGRO overlap by 33.0% of portfolio weight. They share 65 holdings (JEPI holds 119 positions and DGRO holds 394), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JEPI and DGRO?
The two portfolios are 33.0% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of JEPI and DGRO?
The largest positions held by both funds are JNJ, ABBV, PEP, AAPL and AVGO. Together the top 10 shared positions account for 40% of the total overlap.
What does JEPI own that DGRO doesn't?
54 positions (39.4% of JEPI) are unique to JEPI, led by NVDA, AMZN and GOOGL. In the other direction, 329 positions (49.1% of DGRO) are unique to DGRO.