JEPI vs SMH: Holdings Overlap
JEPIJPMorgan Equity Premium Income ETF
JPMorgan · 119 holdings · $45.8B · as of 2026-03-31
VanEck · 25 holdings · $71.5B · as of 2026-03-31
How similar are JEPI and SMH?
JPMorgan Equity Premium Income ETF (JEPI, by JPMorgan) holds 119 positions; VanEck Semiconductor ETF (SMH, by VanEck) holds 25. They have 7 holdings in common, and by portfolio weight the two funds are 6.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7JEPI holds 119 · SMH holds 25
- Weight in Shared Holdings
- JEPI 7%·SMH 45%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
112 of 119 positions (91.8% of the fund) are not held by SMH. Showing the top 30 by weight.
Sector Breakdown
| Sector | JEPI | SMH |
|---|---|---|
| Information Technology | 14.5% | 99.9% |
| Health Care | 12.5% | 0.0% |
| Industrials | 11.8% | 0.0% |
| Consumer Discretionary | 10.2% | 0.0% |
| Financials | 9.3% | 0.0% |
| Other Sectors | 26.2% | 0.0% |
| 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 SMH).
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% |
| SMH | +0.2% | +61.8% | +100.8% | +55.9% | +34.9% | +34.9% | 0.19% |
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 SMH →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by NVDA, AVGO and ADI.
 NVDANVIDIA Corp. | 1.41% | 19.64% | 1.41% |
|---|---|---|---|
 AVGOBroadcom, Inc. | 1.31% | 7.79% | 1.31% |
 ADIAnalog Devices, Inc. | 1.28% | 4.70% | 1.28% |
 CDNSCadence Design Systems, Inc. | 1.00% | 2.43% | 1.00% |
 LRCXLam Research Corp. | 0.60% | 4.60% | 0.60% |
 TXNTexas Instruments, Inc. | 0.59% | 4.61% | 0.59% |
 NXPINXP Semiconductors NV | 0.43% | 1.24% | 0.43% |
Frequently Asked Questions
How much do JEPI and SMH overlap?
JEPI and SMH overlap by 6.6% of portfolio weight. They share 7 holdings (JEPI holds 119 positions and SMH holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JEPI and SMH?
The two portfolios are 6.6% 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 SMH?
The largest positions held by both funds are NVDA, AVGO, ADI, CDNS and LRCX. Together the top 7 shared positions account for 100% of the total overlap.
What does JEPI own that SMH doesn't?
112 positions (91.8% of JEPI) are unique to JEPI, led by JNJ, ROST and EOG. In the other direction, 18 positions (54.9% of SMH) are unique to SMH.