JEPI vs QQQ: Holdings Overlap
JEPIJPMorgan Equity Premium Income ETF
JPMorgan · 119 holdings · $45.8B · as of 2026-03-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
How similar are JEPI and QQQ?
JPMorgan Equity Premium Income ETF (JEPI, by JPMorgan) holds 119 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 28 holdings in common, and by portfolio weight the two funds are 20.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 28JEPI holds 119 · QQQ holds 101
- Weight in Shared Holdings
- JEPI 27%·QQQ 55%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
91 of 119 positions (71.1% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | JEPI | QQQ |
|---|---|---|
| Information Technology | 14.5% | 49.7% |
| Communication Services | 5.2% | 16.0% |
| Consumer Discretionary | 10.2% | 12.6% |
| Health Care | 12.5% | 5.1% |
| Industrials | 11.8% | 4.2% |
| Other Sectors | 30.3% | 12.4% |
| 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 QQQ).
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% |
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
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 QQQ →
Shared Holdings(28)
The top 10 shared positions account for 62% of the overlap, led by WMT, NVDA and AMZN.
 WMTWalmart, Inc. | 1.43% | 3.43% | 1.43% |
|---|---|---|---|
 NVDANVIDIA Corp. | 1.41% | 8.68% | 1.41% |
 AMZNAmazon.com, Inc. | 1.41% | 4.58% | 1.41% |
 AAPLApple, Inc. | 1.39% | 7.63% | 1.39% |
 GOOGLAlphabet, Inc., Class A | 1.38% | 3.43% | 1.38% |
 AVGOBroadcom, Inc. | 1.31% | 3.01% | 1.31% |
 MSFTMicrosoft Corp. | 1.28% | 5.63% | 1.28% |
 PEPPepsiCo, Inc. | 1.43% | 1.20% | 1.20% |
 METAMeta Platforms, Inc., Class A | 1.19% | 3.46% | 1.19% |
 COSTCostco Wholesale Corp. | 0.89% | 2.50% | 0.89% |
 NFLXNetflix, Inc. | 0.88% | 2.30% | 0.88% |
 ADIAnalog Devices, Inc. | 1.28% | 0.88% | 0.88% |
 INTUIntuit, Inc. | 0.78% | 0.68% | 0.68% |
 VRTXVertex Pharmaceuticals, Inc. | 1.24% | 0.64% | 0.64% |
 LRCXLam Research Corp. | 0.60% | 1.51% | 0.60% |
 TXNTexas Instruments, Inc. | 0.59% | 1.00% | 0.59% |
 REGNRegeneron Pharmaceuticals, Inc. | 1.22% | 0.45% | 0.45% |
 CDNSCadence Design Systems, Inc. | 1.00% | 0.43% | 0.43% |
 ISRGIntuitive Surgical, Inc. | 0.42% | 0.93% | 0.42% |
 MDLZMondelez International, Inc., Class A | 1.29% | 0.42% | 0.42% |
 ROSTRoss Stores, Inc. | 1.71% | 0.40% | 0.40% |
 BKRBaker Hughes Co., Class A | 0.32% | 0.34% | 0.32% |
 ADSKAutodesk, Inc. | 0.59% | 0.29% | 0.29% |
 NXPINXP Semiconductors N.V. | 0.43% | 0.28% | 0.28% |
 XELXcel Energy, Inc. | 0.51% | 0.28% | 0.28% |
Frequently Asked Questions
How much do JEPI and QQQ overlap?
JEPI and QQQ overlap by 20.9% of portfolio weight. They share 28 holdings (JEPI holds 119 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JEPI and QQQ?
The two portfolios are 20.9% 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 JEPI and QQQ?
The largest positions held by both funds are WMT, NVDA, AMZN, AAPL and GOOGL. Together the top 10 shared positions account for 62% of the total overlap.
What does JEPI own that QQQ doesn't?
91 positions (71.1% of JEPI) are unique to JEPI, led by JNJ, EOG and NEE. In the other direction, 73 positions (44.8% of QQQ) are unique to QQQ.