JEPQ vs VUG: Holdings Overlap
JEPQJPMorgan Nasdaq Equity Premium Income ETF
JPMorgan · 107 holdings · $39.9B · as of 2026-03-31
Vanguard · 153 holdings · $229.6B · as of 2026-03-31
How similar are JEPQ and VUG?
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ, by JPMorgan) holds 107 positions; Vanguard Growth Index Fund (VUG, by Vanguard) holds 153. They have 50 holdings in common, and by portfolio weight the two funds are 49.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 49.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 50JEPQ holds 107 · VUG holds 153
- Weight in Shared Holdings
- JEPQ 59%·VUG 73%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
57 of 107 positions (37.7% of the fund) are not held by VUG. Showing the top 30 by weight.
WMTWalmart, Inc.2.47%
MUMicron Technology, Inc.2.04%
- 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 | VUG |
|---|---|---|
| Information Technology | 40.2% | 51.9% |
| Communication Services | 12.5% | 16.5% |
| Consumer Discretionary | 10.4% | 12.5% |
| Consumer Staples | 6.3% | 1.7% |
| Health Care | 4.2% | 5.4% |
| Other Sectors | 5.9% | 12.0% |
| 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 VUG).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| JEPQ | +1.9% | +10.1% | +21.5% | +19.2% | — | — | 10.92% |
| VUG | +4.1% | +10.2% | +18.2% | +24.1% | +13.0% | +17.8% | 0.38% |
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 VUG →
Shared Holdings(50)
The top 10 shared positions account for 76% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 7.34% | 13.31% | 7.34% |
|---|---|---|---|
 AAPLApple Inc. COM | 6.37% | 12.32% | 6.37% |
 MSFTMicrosoft Corp. COM | 4.81% | 9.09% | 4.81% |
 GOOGAlphabet Inc. CAP STK CL C | 5.09% | 4.39% | 4.39% |
 AMZNAmazon.com, Inc. COM | 4.01% | 4.59% | 4.01% |
 METAMeta Platforms, Inc., Class A | 3.02% | 4.15% | 3.02% |
 TSLATesla Inc COM | 2.60% | 3.47% | 2.60% |
 AVGOBroadcom Inc COM | 2.23% | 4.40% | 2.23% |
 COSTCostco Wholesale Corporation COM | 1.57% | 1.48% | 1.48% |
 NFLXNetflix, Inc. COM | 2.07% | 1.36% | 1.36% |
 AMDAdvanced Micro Devices Inc. COM | 1.68% | 1.11% | 1.11% |
 PLTRPalantir Technologies, Inc., Class A | 1.22% | 1.07% | 1.07% |
 LRCXLam Research Corporation COM NEW | 1.78% | 0.90% | 0.90% |
 ISRGIntuitive Surgical Inc. COM NEW | 0.90% | 0.56% | 0.56% |
 AMATApplied Materials Inc. COM | 0.76% | 0.47% | 0.47% |
 BKNGBooking Holdings Inc COM | 0.81% | 0.46% | 0.46% |
 PANWPalo Alto Networks Inc COM | 0.69% | 0.45% | 0.45% |
 INTUIntuit Inc COM | 0.72% | 0.41% | 0.41% |
 VRTXVertex Pharmaceuticals Incorporated COM | 0.67% | 0.39% | 0.39% |
 ADBEAdobe Inc COM | 0.37% | 0.34% | 0.34% |
 APPAppLovin Corp., Class A | 0.51% | 0.34% | 0.34% |
 CRWDCrowdstrike Holdings, Inc., Class A | 0.49% | 0.32% | 0.32% |
 SBUXStarbucks Corp. COM | 0.31% | 0.35% | 0.31% |
 TXNTexas Instruments Inc. COM | 0.70% | 0.31% | 0.31% |
 MRVLMarvell Technology Inc COM | 0.57% | 0.30% | 0.30% |
Frequently Asked Questions
How much do JEPQ and VUG overlap?
JEPQ and VUG overlap by 49.3% of portfolio weight. They share 50 holdings (JEPQ holds 107 positions and VUG holds 153), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JEPQ and VUG?
The two portfolios are 49.3% 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 VUG?
The largest positions held by both funds are NVDA, AAPL, MSFT, GOOG and AMZN. Together the top 10 shared positions account for 76% of the total overlap.
What does JEPQ own that VUG doesn't?
57 positions (37.7% of JEPQ) are unique to JEPQ, led by WMT, MU and BNP Paribas Issuance BV, ELN, 81.10%, 05/04/2026, (linked to Nasdaq 100 Index). In the other direction, 103 positions (26.6% of VUG) are unique to VUG.