JEPI vs XLI: Holdings Overlap
JEPIJPMorgan Equity Premium Income ETF
JPMorgan · 119 holdings · $45.8B · as of 2026-03-31
XLIState Street® Industrial Select Sector SPDR® ETF
State Street (SPDR) · 83 holdings · $34.2B · as of 2026-08-06
Holdings snapshots are 128 days apart (JEPI: 2026-03-31, XLI: 2026-08-06). 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 XLI?
JPMorgan Equity Premium Income ETF (JEPI, by JPMorgan) holds 119 positions; State Street® Industrial Select Sector SPDR® ETF (XLI, by State Street (SPDR)) holds 83. They have 14 holdings in common, and by portfolio weight the two funds are 11.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 14JEPI holds 119 · XLI holds 83
- Weight in Shared Holdings
- JEPI 12%·XLI 25%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
105 of 119 positions (86.6% of the fund) are not held by XLI. Showing the top 30 by weight.
Sector Breakdown
| Sector | JEPI | XLI |
|---|---|---|
| Industrials | 11.8% | 99.9% |
| Information Technology | 14.5% | 0.0% |
| Health Care | 12.5% | 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 XLI).
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% |
| XLI | +1.5% | +20.0% | +24.5% | +20.8% | +14.0% | +14.2% | 1.11% |
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 XLI →
Shared Holdings(14)
The top 10 shared positions account for 89% of the overlap, led by HWM, RTX and ETN.
 HWMHowmet Aerospace Inc COM | 1.59% | 1.99% | 1.59% |
|---|---|---|---|
 RTXRTX Corp. COM | 1.51% | 5.18% | 1.51% |
 ETNEaton Corporation PLC COM USD0.01 | 1.43% | 2.99% | 1.43% |
 TTTrane Technologies PLC COM USD1 | 1.42% | 1.82% | 1.42% |
 MMM3M Company COM | 1.24% | 1.62% | 1.24% |
 EMREmerson Electric Co. COM | 1.17% | 1.51% | 1.17% |
 DEDeere & Company COM | 0.68% | 2.66% | 0.68% |
 CARRCarrier Global Corporation COM | 0.54% | 0.86% | 0.54% |
 UNPUnion Pacific Corporation COM | 0.46% | 3.02% | 0.46% |
 DOVDover Corporation COM | 0.46% | 0.49% | 0.46% |
 FDXFedEx Corporation COM | 0.42% | 1.19% | 0.42% |
 TDGTransdigm Group Inc. COM | 0.33% | 1.22% | 0.33% |
 LDOSLeidos Holdings Inc COM | 0.35% | 0.29% | 0.29% |
 IRIngersoll Rand Inc COM | 0.20% | 0.54% | 0.20% |
Frequently Asked Questions
How much do JEPI and XLI overlap?
JEPI and XLI overlap by 11.7% of portfolio weight. They share 14 holdings (JEPI holds 119 positions and XLI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JEPI and XLI?
The two portfolios are 11.7% 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 XLI?
The largest positions held by both funds are HWM, RTX, ETN, TT and MMM. Together the top 10 shared positions account for 89% of the total overlap.
What does JEPI own that XLI doesn't?
105 positions (86.6% of JEPI) are unique to JEPI, led by JNJ, ROST and EOG. In the other direction, 69 positions (74.6% of XLI) are unique to XLI.