JEPI vs SCHB: Holdings Overlap
JEPIJPMorgan Equity Premium Income ETF
JPMorgan · 119 holdings · $45.8B · as of 2026-03-31
SCHBSchwab U.S. Broad Market ETF
Schwab · 2407 holdings · $44.7B · as of 2026-05-31
Holdings snapshots are 61 days apart (JEPI: 2026-03-31, SCHB: 2026-05-31). 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 SCHB?
JPMorgan Equity Premium Income ETF (JEPI, by JPMorgan) holds 119 positions; Schwab U.S. Broad Market ETF (SCHB, by Schwab) holds 2407. They have 104 holdings in common, and by portfolio weight the two funds are 28.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 28.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 104JEPI holds 119 · SCHB holds 2407
- Weight in Shared Holdings
- JEPI 85%·SCHB 50%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
15 of 119 positions (13.8% of the fund) are not held by SCHB.
- BNP Paribas Issuance BV, ELN, 70.40%, 05/04/2026, (linked to S&P 500 Index)0.95%
- National Bank of Canada, ELN, 69.55%, 05/01/2026, (linked to S&P 500 Index)0.94%
- BNP Paribas Issuance BV, ELN, 74.75%, 05/05/2026, (linked to S&P 500 Index)0.94%
- BNP Paribas Issuance BV, ELN, 68.85%, 04/27/2026, (linked to S&P 500 Index)0.94%
- GS Finance Corp., ELN, 64.25%, 04/28/2026, (linked to S&P 500 Index)0.93%
- BofA Finance LLC, ELN, 71.48%, 04/21/2026, (linked to S&P 500 Index)0.93%
Sector Breakdown
| Sector | JEPI | SCHB |
|---|---|---|
| Information Technology | 14.5% | 36.4% |
| Health Care | 12.5% | 8.7% |
| Industrials | 11.8% | 9.6% |
| Financials | 9.3% | 11.6% |
| Consumer Discretionary | 10.2% | 9.7% |
| Other Sectors | 26.2% | 23.8% |
| Unclassified | 13.9% | 0.1% |
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 SCHB).
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% |
| SCHB | +3.3% | +14.6% | +24.0% | +20.9% | +12.4% | +14.9% | 1.00% |
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 SCHB →
Shared Holdings(104)
The top 10 shared positions account for 41% of the overlap, led by NVDA, AMZN and AAPL.
 NVDANVIDIA Corp. | 1.41% | 7.02% | 1.41% |
|---|---|---|---|
 AMZNAmazon.com, Inc. | 1.41% | 3.62% | 1.41% |
 AAPLApple, Inc. | 1.39% | 6.26% | 1.39% |
 GOOGLAlphabet, Inc., Class A | 1.38% | 3.03% | 1.38% |
 AVGOBroadcom, Inc. | 1.31% | 2.90% | 1.31% |
 MSFTMicrosoft Corp. | 1.28% | 4.57% | 1.28% |
 METAMeta Platforms, Inc., Class A | 1.19% | 1.89% | 1.19% |
 LLYEli Lilly & Co. | 0.83% | 1.20% | 0.83% |
 XOMExxon Mobil Corp. | 0.87% | 0.83% | 0.83% |
 VVisa, Inc., Class A | 1.30% | 0.75% | 0.75% |
 JNJJohnson & Johnson | 1.74% | 0.74% | 0.74% |
 WMTWalmart, Inc. | 1.43% | 0.69% | 0.69% |
 BRK-BBerkshire Hathaway, Inc., Class B | 0.60% | 1.19% | 0.60% |
 COSTCostco Wholesale Corp. | 0.89% | 0.58% | 0.58% |
 MAMastercard, Inc., Class A | 1.35% | 0.55% | 0.55% |
 LRCXLam Research Corp. | 0.60% | 0.54% | 0.54% |
 ABBVAbbVie, Inc. | 1.56% | 0.53% | 0.53% |
 ORCLOracle Corp. | 0.59% | 0.52% | 0.52% |
 NFLXNetflix, Inc. | 0.88% | 0.50% | 0.50% |
 BACBank of America Corp. | 0.41% | 0.47% | 0.41% |
 MRKMerck & Co., Inc. | 0.78% | 0.40% | 0.40% |
 TXNTexas Instruments, Inc. | 0.59% | 0.38% | 0.38% |
 PMPhilip Morris International, Inc. | 1.20% | 0.38% | 0.38% |
 PGProcter & Gamble Co. (The) | 0.37% | 0.46% | 0.37% |
 RTXRTX Corp. | 1.51% | 0.33% | 0.33% |
Frequently Asked Questions
How much do JEPI and SCHB overlap?
JEPI and SCHB overlap by 28.8% of portfolio weight. They share 104 holdings (JEPI holds 119 positions and SCHB holds 2407), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JEPI and SCHB?
The two portfolios are 28.8% 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 JEPI and SCHB?
The largest positions held by both funds are NVDA, AMZN, AAPL, GOOGL and AVGO. Together the top 10 shared positions account for 41% of the total overlap.
What does JEPI own that SCHB doesn't?
15 positions (13.8% of JEPI) are unique to JEPI, led by BNP Paribas Issuance BV, ELN, 70.40%, 05/04/2026, (linked to S&P 500 Index), National Bank of Canada, ELN, 69.55%, 05/01/2026, (linked to S&P 500 Index) and BNP Paribas Issuance BV, ELN, 74.75%, 05/05/2026, (linked to S&P 500 Index). In the other direction, 2303 positions (49.8% of SCHB) are unique to SCHB.