JEPQ vs QQQM: Holdings Overlap
JEPQJPMorgan Nasdaq Equity Premium Income ETF
JPMorgan · 107 holdings · $39.9B · as of 2026-03-31
Invesco · 101 holdings · $97.1B · as of 2026-05-31
Holdings snapshots are 61 days apart (JEPQ: 2026-03-31, QQQM: 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 JEPQ and QQQM?
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ, by JPMorgan) holds 107 positions; Invesco NASDAQ 100 ETF (QQQM, by Invesco) holds 101. They have 71 holdings in common, and by portfolio weight the two funds are 68.0% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 68.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 71JEPQ holds 107 · QQQM holds 101
- Weight in Shared Holdings
- JEPQ 75%·QQQM 88%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
36 of 107 positions (21.7% of the fund) are not held by QQQM. 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 | QQQM |
|---|---|---|
| Information Technology | 40.2% | 57.8% |
| Communication Services | 12.5% | 14.2% |
| Consumer Discretionary | 10.4% | 11.4% |
| Consumer Staples | 6.3% | 6.4% |
| Health Care | 4.2% | 3.7% |
| Other Sectors | 5.9% | 6.0% |
| Unclassified | 16.9% | 0.2% |
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 QQQM).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| JEPQ | +1.9% | +10.1% | +21.5% | +19.2% | — | — | 10.92% |
| QQQM | +1.9% | +18.0% | +27.7% | +25.3% | +15.2% | — | 0.44% |
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 QQQM →
Shared Holdings(71)
The top 10 shared positions account for 56% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 7.34% | 8.13% | 7.34% |
|---|---|---|---|
 AAPLApple, Inc. | 6.37% | 7.26% | 6.37% |
 MSFTMicrosoft Corp. | 4.81% | 5.30% | 4.81% |
 AMZNAmazon.com, Inc. | 4.01% | 4.60% | 4.01% |
 GOOGAlphabet, Inc., Class C | 5.09% | 3.24% | 3.24% |
 METAMeta Platforms, Inc., Class A | 3.02% | 2.96% | 2.96% |
 TSLATesla, Inc. | 2.60% | 3.45% | 2.60% |
 WMTWalmart, Inc. | 2.47% | 2.47% | 2.47% |
 AVGOBroadcom, Inc. | 2.23% | 3.36% | 2.23% |
 MUMicron Technology, Inc. | 2.04% | 4.78% | 2.04% |
 LRCXLam Research Corp. | 1.78% | 1.74% | 1.74% |
 AMDAdvanced Micro Devices, Inc. | 1.68% | 3.68% | 1.68% |
 NFLXNetflix, Inc. | 2.07% | 1.59% | 1.59% |
 COSTCostco Wholesale Corp. | 1.57% | 1.86% | 1.57% |
 PLTRPalantir Technologies, Inc., Class A | 1.22% | 1.57% | 1.22% |
 CSCOCisco Systems, Inc. | 1.12% | 2.08% | 1.12% |
 ADIAnalog Devices, Inc. | 1.12% | 0.88% | 0.88% |
 LINLinde plc | 0.88% | 1.01% | 0.88% |
 PEPPepsiCo, Inc. | 0.96% | 0.86% | 0.86% |
 TMUST-Mobile US, Inc. | 0.86% | 0.90% | 0.86% |
 STXSeagate Technology Holdings plc | 0.96% | 0.84% | 0.84% |
 AMATApplied Materials, Inc. | 0.76% | 1.56% | 0.76% |
 TXNTexas Instruments, Inc. | 0.70% | 1.21% | 0.70% |
 PANWPalo Alto Networks, Inc. | 0.69% | 1.01% | 0.69% |
 HONHoneywell International, Inc. | 0.81% | 0.66% | 0.66% |
Frequently Asked Questions
How much do JEPQ and QQQM overlap?
JEPQ and QQQM overlap by 68.0% of portfolio weight. They share 71 holdings (JEPQ holds 107 positions and QQQM holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JEPQ and QQQM?
The two portfolios are 68.0% 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 QQQM?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOG. Together the top 10 shared positions account for 56% of the total overlap.
What does JEPQ own that QQQM doesn't?
36 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, 30 positions (11.1% of QQQM) are unique to QQQM.