JEPQ vs QQQ: Holdings Overlap
JEPQJPMorgan Nasdaq Equity Premium Income ETF
JPMorgan · 107 holdings · $39.9B · as of 2026-03-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
How similar are JEPQ and QQQ?
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ, by JPMorgan) holds 107 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 72 holdings in common, and by portfolio weight the two funds are 70.1% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 70.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 72JEPQ holds 107 · QQQ holds 101
- Weight in Shared Holdings
- JEPQ 75%·QQQ 89%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 JEPQ
35 of 107 positions (21.7% of the fund) are not held by QQQ. Showing the top 30 by weight.
- BNP Paribas Issuance BV, ELN, 81.10%, 05/04/2026, (linked to Nasdaq 100 Index)1.19%
- BNP Paribas Issuance BV, ELN, 80.55%, 05/01/2026, (linked to Nasdaq 100 Index)1.19%
- Morgan Stanley Finance LLC, ELN, 79.00%, 04/10/2026, (linked to Nasdaq 100 Index)1.19%
- National Bank of Canada, ELN, 74.00%, 04/27/2026, (linked to Nasdaq 100 Index)1.18%
- Barclays Bank plc, ELN, 72.40%, 04/23/2026, (linked to Nasdaq 100 Index)1.17%
- Royal Bank of Canada, ELN, 67.44%, 04/24/2026, (linked to Nasdaq 100 Index)1.16%
Sector Breakdown
| Sector | JEPQ | QQQ |
|---|---|---|
| Information Technology | 40.2% | 49.7% |
| Communication Services | 12.5% | 16.0% |
| Consumer Discretionary | 10.4% | 12.6% |
| Consumer Staples | 6.3% | 8.5% |
| Health Care | 4.2% | 5.1% |
| Other Sectors | 5.9% | 8.0% |
| Unclassified | 16.9% | 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 (18% of JEPQ, 0% of QQQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| JEPQ | +1.9% | +10.1% | +21.5% | +19.2% | — | — | 10.92% |
| 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 JEPQ vs QQQ →
Shared Holdings(72)
The top 10 shared positions account for 54% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 7.34% | 8.68% | 7.34% |
|---|---|---|---|
 AAPLApple, Inc. | 6.37% | 7.63% | 6.37% |
 MSFTMicrosoft Corp. | 4.81% | 5.63% | 4.81% |
 AMZNAmazon.com, Inc. | 4.01% | 4.58% | 4.01% |
 GOOGAlphabet, Inc., Class C | 5.09% | 3.20% | 3.20% |
 METAMeta Platforms, Inc., Class A | 3.02% | 3.46% | 3.02% |
 TSLATesla, Inc. | 2.60% | 3.80% | 2.60% |
 WMTWalmart, Inc. | 2.47% | 3.43% | 2.47% |
 AVGOBroadcom, Inc. | 2.23% | 3.01% | 2.23% |
 NFLXNetflix, Inc. | 2.07% | 2.30% | 2.07% |
 MUMicron Technology, Inc. | 2.04% | 2.15% | 2.04% |
 AMDAdvanced Micro Devices, Inc. | 1.68% | 1.88% | 1.68% |
 COSTCostco Wholesale Corp. | 1.57% | 2.50% | 1.57% |
 LRCXLam Research Corp. | 1.78% | 1.51% | 1.51% |
 PLTRPalantir Technologies, Inc., Class A | 1.22% | 1.90% | 1.22% |
 CSCOCisco Systems, Inc. | 1.12% | 1.73% | 1.12% |
 PEPPepsiCo, Inc. | 0.96% | 1.20% | 0.96% |
 ISRGIntuitive Surgical, Inc. | 0.90% | 0.93% | 0.90% |
 LINLinde plc | 0.88% | 1.30% | 0.88% |
 ADIAnalog Devices, Inc. | 1.12% | 0.88% | 0.88% |
 TMUST-Mobile US, Inc. | 0.86% | 1.31% | 0.86% |
 HONHoneywell International, Inc. | 0.81% | 0.81% | 0.81% |
 AMATApplied Materials, Inc. | 0.76% | 1.53% | 0.76% |
 BKNGBooking Holdings, Inc. | 0.81% | 0.75% | 0.75% |
 TXNTexas Instruments, Inc. | 0.70% | 1.00% | 0.70% |
Frequently Asked Questions
How much do JEPQ and QQQ overlap?
JEPQ and QQQ overlap by 70.1% of portfolio weight. They share 72 holdings (JEPQ holds 107 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JEPQ and QQQ?
The two portfolios are 70.1% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of JEPQ and QQQ?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOG. Together the top 10 shared positions account for 54% of the total overlap.
What does JEPQ own that QQQ doesn't?
35 positions (21.7% of JEPQ) are unique to JEPQ, led by BNP Paribas Issuance BV, ELN, 81.10%, 05/04/2026, (linked to Nasdaq 100 Index), BNP Paribas Issuance BV, ELN, 80.55%, 05/01/2026, (linked to Nasdaq 100 Index) and Morgan Stanley Finance LLC, ELN, 79.00%, 04/10/2026, (linked to Nasdaq 100 Index). In the other direction, 29 positions (10.9% of QQQ) are unique to QQQ.