JEPQ vs SPYG: Holdings Overlap
JEPQJPMorgan Nasdaq Equity Premium Income ETF
JPMorgan · 107 holdings · $39.9B · as of 2026-03-31
SPYGState Street® SPDR® Portfolio S&P 500® Growth ETF
State Street (SPDR) · 147 holdings · $54.7B · as of 2026-08-06
Holdings snapshots are 128 days apart (JEPQ: 2026-03-31, SPYG: 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 JEPQ and SPYG?
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ, by JPMorgan) holds 107 positions; State Street® SPDR® Portfolio S&P 500® Growth ETF (SPYG, by State Street (SPDR)) holds 147. They have 45 holdings in common, and by portfolio weight the two funds are 48.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 48.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 45JEPQ holds 107 · SPYG holds 147
- Weight in Shared Holdings
- JEPQ 57%·SPYG 68%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
62 of 107 positions (39.1% of the fund) are not held by SPYG. Showing the top 30 by weight.
WMTWalmart, Inc.2.47%
COSTCostco Wholesale Corp.1.57%
- 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%
Sector Breakdown
| Sector | JEPQ | SPYG |
|---|---|---|
| Information Technology | 40.2% | 52.5% |
| Communication Services | 12.5% | 15.3% |
| Consumer Discretionary | 10.4% | 8.4% |
| Financials | 0.5% | 9.0% |
| Industrials | 2.9% | 6.4% |
| Other Sectors | 13.1% | 8.4% |
| 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 SPYG).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| JEPQ | +1.9% | +10.1% | +21.5% | +19.2% | — | — | 10.92% |
| SPYG | +4.4% | +15.6% | +25.4% | +26.9% | +14.2% | +17.9% | 0.47% |
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 SPYG →
Shared Holdings(45)
The top 10 shared positions account for 78% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 7.34% | 14.58% | 7.34% |
|---|---|---|---|
 AAPLApple Inc. COM | 6.37% | 6.30% | 6.30% |
 MSFTMicrosoft Corp. COM | 4.81% | 10.20% | 4.81% |
 GOOGAlphabet Inc. CAP STK CL C | 5.09% | 4.63% | 4.63% |
 AMZNAmazon.com, Inc. COM | 4.01% | 3.88% | 3.88% |
 METAMeta Platforms, Inc., Class A | 3.02% | 3.56% | 3.02% |
 AVGOBroadcom Inc COM | 2.23% | 5.47% | 2.23% |
 MUMicron Technology Inc. COM | 2.04% | 2.73% | 2.04% |
 AMDAdvanced Micro Devices Inc. COM | 1.68% | 2.19% | 1.68% |
 TSLATesla Inc COM | 2.60% | 1.53% | 1.53% |
 LRCXLam Research Corporation COM NEW | 1.78% | 1.05% | 1.05% |
 PLTRPalantir Technologies, Inc., Class A | 1.22% | 0.98% | 0.98% |
 NFLXNetflix, Inc. COM | 2.07% | 0.85% | 0.85% |
 AMATApplied Materials Inc. COM | 0.76% | 1.15% | 0.76% |
 CSCOCisco Systems, Inc. COM | 1.12% | 0.70% | 0.70% |
 CRWDCrowdstrike Holdings, Inc., Class A | 0.49% | 0.58% | 0.49% |
 PANWPalo Alto Networks Inc COM | 0.69% | 0.45% | 0.45% |
 BKNGBooking Holdings Inc COM | 0.81% | 0.44% | 0.44% |
 ABBVAbbVie Inc. COM | 0.43% | 0.54% | 0.43% |
 AMGNAmgen Inc. COM | 0.44% | 0.41% | 0.41% |
 ISRGIntuitive Surgical Inc. COM NEW | 0.90% | 0.36% | 0.36% |
 STXSeagate Technology Holdings PLC ORD SHS | 0.96% | 0.34% | 0.34% |
 ORCLOracle Corp. COM | 0.26% | 0.35% | 0.26% |
 MAMasterCard Incorporated CL A | 0.25% | 0.86% | 0.25% |
 APPAppLovin Corp., Class A | 0.51% | 0.25% | 0.25% |
Frequently Asked Questions
How much do JEPQ and SPYG overlap?
JEPQ and SPYG overlap by 48.1% of portfolio weight. They share 45 holdings (JEPQ holds 107 positions and SPYG holds 147), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JEPQ and SPYG?
The two portfolios are 48.1% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of JEPQ and SPYG?
The largest positions held by both funds are NVDA, AAPL, MSFT, GOOG and AMZN. Together the top 10 shared positions account for 78% of the total overlap.
What does JEPQ own that SPYG doesn't?
62 positions (39.1% of JEPQ) are unique to JEPQ, led by WMT, COST and BNP Paribas Issuance BV, ELN, 81.10%, 05/04/2026, (linked to Nasdaq 100 Index). In the other direction, 102 positions (31.6% of SPYG) are unique to SPYG.