JEPQ vs SMH: Holdings Overlap
JEPQJPMorgan Nasdaq Equity Premium Income ETF
JPMorgan · 107 holdings · $39.9B · as of 2026-03-31
VanEck · 25 holdings · $71.5B · as of 2026-03-31
How similar are JEPQ and SMH?
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ, by JPMorgan) holds 107 positions; VanEck Semiconductor ETF (SMH, by VanEck) holds 25. They have 16 holdings in common, and by portfolio weight the two funds are 21.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 21.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 16JEPQ holds 107 · SMH holds 25
- Weight in Shared Holdings
- JEPQ 22%·SMH 81%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
91 of 107 positions (74.8% of the fund) are not held by SMH. Showing the top 30 by weight.
Sector Breakdown
| Sector | JEPQ | SMH |
|---|---|---|
| Information Technology | 40.2% | 99.9% |
| Communication Services | 12.5% | 0.0% |
| Consumer Discretionary | 10.4% | 0.0% |
| Consumer Staples | 6.3% | 0.0% |
| Health Care | 4.2% | 0.0% |
| Other Sectors | 5.9% | 0.0% |
| 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 SMH).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| JEPQ | +1.9% | +10.1% | +21.5% | +19.2% | — | — | 10.92% |
| 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 JEPQ vs SMH →
Shared Holdings(16)
The top 10 shared positions account for 88% of the overlap, led by NVDA, AVGO and MU.
 NVDANVIDIA Corp. | 7.34% | 19.64% | 7.34% |
|---|---|---|---|
 AVGOBroadcom, Inc. | 2.23% | 7.79% | 2.23% |
 MUMicron Technology, Inc. | 2.04% | 4.23% | 2.04% |
 LRCXLam Research Corp. | 1.78% | 4.60% | 1.78% |
 AMDAdvanced Micro Devices, Inc. | 1.68% | 4.68% | 1.68% |
 ADIAnalog Devices, Inc. | 1.12% | 4.70% | 1.12% |
 ASMLASML Holding NV (Registered) | 0.91% | 4.99% | 0.91% |
 AMATApplied Materials, Inc. | 0.76% | 4.59% | 0.76% |
 TXNTexas Instruments, Inc. | 0.70% | 4.61% | 0.70% |
 INTCIntel Corp. | 0.63% | 4.34% | 0.63% |
 MRVLMarvell Technology, Inc. | 0.57% | 2.35% | 0.57% |
 SNPSSynopsys, Inc. | 0.54% | 2.50% | 0.54% |
 QCOMQUALCOMM, Inc. | 0.53% | 4.09% | 0.53% |
 NXPINXP Semiconductors NV | 0.47% | 1.24% | 0.47% |
 TERTeradyne, Inc. | 0.37% | 1.41% | 0.37% |
 KLACKLA Corp. | 0.13% | 4.74% | 0.13% |
Frequently Asked Questions
How much do JEPQ and SMH overlap?
JEPQ and SMH overlap by 21.8% of portfolio weight. They share 16 holdings (JEPQ holds 107 positions and SMH holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JEPQ and SMH?
The two portfolios are 21.8% 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 JEPQ and SMH?
The largest positions held by both funds are NVDA, AVGO, MU, LRCX and AMD. Together the top 10 shared positions account for 88% of the total overlap.
What does JEPQ own that SMH doesn't?
91 positions (74.8% of JEPQ) are unique to JEPQ, led by AAPL, GOOG and MSFT. In the other direction, 9 positions (19.4% of SMH) are unique to SMH.