JEPQ vs XLG: Holdings Overlap
JEPQJPMorgan Nasdaq Equity Premium Income ETF
JPMorgan · 107 holdings · $39.9B · as of 2026-03-31
Invesco · 51 holdings · $10.7B · as of 2026-04-30
Holdings snapshots are 30 days apart (JEPQ: 2026-03-31, XLG: 2026-04-30). 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 XLG?
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ, by JPMorgan) holds 107 positions; Invesco S&P 500 Top 50 ETF (XLG, by Invesco) holds 51. They have 26 holdings in common, and by portfolio weight the two funds are 46.7% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 46.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 26JEPQ holds 107 · XLG holds 51
- Weight in Shared Holdings
- JEPQ 52%·XLG 70%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
81 of 107 positions (45.0% of the fund) are not held by XLG. Showing the top 30 by weight.
MUMicron Technology, Inc.2.04%
LRCXLam Research Corp.1.78%
- 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 | XLG |
|---|---|---|
| Information Technology | 40.2% | 43.7% |
| Communication Services | 12.5% | 17.0% |
| Consumer Discretionary | 10.4% | 11.3% |
| Financials | 0.5% | 9.6% |
| Health Care | 4.2% | 7.0% |
| Other Sectors | 11.7% | 11.0% |
| 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 XLG).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| JEPQ | +1.9% | +10.1% | +21.5% | +19.2% | — | — | 10.92% |
| XLG | +3.7% | +7.2% | +17.9% | +22.2% | +14.3% | +16.6% | 0.63% |
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 XLG →
Shared Holdings(26)
The top 10 shared positions account for 82% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 7.34% | 13.04% | 7.34% |
|---|---|---|---|
 AAPLApple, Inc. | 6.37% | 10.71% | 6.37% |
 MSFTMicrosoft Corp. | 4.81% | 8.14% | 4.81% |
 GOOGAlphabet, Inc., Class C | 5.09% | 4.80% | 4.80% |
 AMZNAmazon.com, Inc. | 4.01% | 6.96% | 4.01% |
 METAMeta Platforms, Inc., Class A | 3.02% | 3.60% | 3.02% |
 TSLATesla, Inc. | 2.60% | 2.89% | 2.60% |
 AVGOBroadcom, Inc. | 2.23% | 4.83% | 2.23% |
 WMTWalmart, Inc. | 2.47% | 1.56% | 1.56% |
 AMDAdvanced Micro Devices, Inc. | 1.68% | 1.55% | 1.55% |
 COSTCostco Wholesale Corp. | 1.57% | 1.21% | 1.21% |
 NFLXNetflix, Inc. | 2.07% | 1.06% | 1.06% |
 CSCOCisco Systems, Inc. | 1.12% | 0.97% | 0.97% |
 PLTRPalantir Technologies, Inc., Class A | 1.22% | 0.85% | 0.85% |
 TXNTexas Instruments, Inc. | 0.70% | 0.69% | 0.69% |
 LINLinde plc | 0.88% | 0.63% | 0.63% |
 PEPPepsiCo, Inc. | 0.96% | 0.58% | 0.58% |
 ISRGIntuitive Surgical, Inc. | 0.90% | 0.44% | 0.44% |
 ABBVAbbVie, Inc. | 0.43% | 1.00% | 0.43% |
 INTUIntuit, Inc. | 0.72% | 0.29% | 0.29% |
 ADBEAdobe, Inc. | 0.37% | 0.27% | 0.27% |
 ORCLOracle Corp. | 0.26% | 0.74% | 0.26% |
 MAMastercard, Inc., Class A | 0.25% | 1.10% | 0.25% |
 KOCoca-Cola Co. (The) | 0.21% | 0.82% | 0.21% |
 NOWServiceNow, Inc. | 0.17% | 0.25% | 0.17% |
Frequently Asked Questions
How much do JEPQ and XLG overlap?
JEPQ and XLG overlap by 46.7% of portfolio weight. They share 26 holdings (JEPQ holds 107 positions and XLG holds 51), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JEPQ and XLG?
The two portfolios are 46.7% 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 XLG?
The largest positions held by both funds are NVDA, AAPL, MSFT, GOOG and AMZN. Together the top 10 shared positions account for 82% of the total overlap.
What does JEPQ own that XLG doesn't?
81 positions (45.0% of JEPQ) are unique to JEPQ, led by MU, LRCX and BNP Paribas Issuance BV, ELN, 81.10%, 05/04/2026, (linked to Nasdaq 100 Index). In the other direction, 25 positions (29.7% of XLG) are unique to XLG.