SCHD vs JEPI: Holdings Overlap
SCHDSchwab U.S. Dividend Equity ETF
Schwab · 99 holdings · $105.7B · as of 2026-05-31
JEPIJPMorgan Equity Premium Income ETF
JPMorgan · 119 holdings · $45.8B · as of 2026-03-31
Holdings snapshots are 61 days apart (SCHD: 2026-05-31, JEPI: 2026-03-31). 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 SCHD and JEPI?
Schwab U.S. Dividend Equity ETF (SCHD, by Schwab) holds 99 positions; JPMorgan Equity Premium Income ETF (JEPI, by JPMorgan) holds 119. They have 11 holdings in common, and by portfolio weight the two funds are 7.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11SCHD holds 99 · JEPI holds 119
- Weight in Shared Holdings
- SCHD 36%·JEPI 8%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 SCHD
88 of 99 positions (63.5% of the fund) are not held by JEPI. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHD | JEPI |
|---|---|---|
| Consumer Staples | 18.4% | 7.8% |
| Health Care | 18.3% | 12.5% |
| Information Technology | 15.8% | 14.5% |
| Energy | 14.6% | 3.3% |
| Industrials | 10.8% | 11.8% |
| Other Sectors | 21.8% | 34.5% |
| Unclassified | 0.0% | 13.9% |
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 (0% of SCHD, 14% of JEPI).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SCHD | +4.2% | +25.6% | +31.4% | +14.9% | +9.7% | +12.8% | 3.09% |
| JEPI | +1.9% | +5.5% | +11.6% | +9.5% | +7.5% | — | 7.95% |
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 SCHD vs JEPI →
Shared Holdings(11)
The top 10 shared positions account for 97% of the overlap, led by EOG, PEP and BMY.
 EOGEOG Resources, Inc. | 1.82% | 1.69% | 1.69% |
|---|---|---|---|
 PEPPepsiCo, Inc. | 3.44% | 1.43% | 1.43% |
 BMYBristol-Myers Squibb Co. | 2.93% | 1.15% | 1.15% |
 MRKMerck & Co., Inc. | 3.86% | 0.78% | 0.78% |
 ACNAccenture plc, Class A | 2.90% | 0.64% | 0.64% |
 TXNTexas Instruments, Inc. | 5.90% | 0.59% | 0.59% |
 COPConocoPhillips | 3.51% | 0.46% | 0.46% |
 PGProcter & Gamble Co. (The) | 3.55% | 0.37% | 0.37% |
 BBYBest Buy Co., Inc. | 0.38% | 0.29% | 0.29% |
 UNHUnitedHealth Group, Inc. | 5.09% | 0.27% | 0.27% |
 MOAltria Group, Inc. | 2.94% | 0.23% | 0.23% |
Frequently Asked Questions
How much do SCHD and JEPI overlap?
SCHD and JEPI overlap by 7.9% of portfolio weight. They share 11 holdings (SCHD holds 99 positions and JEPI holds 119), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHD and JEPI?
The two portfolios are 7.9% 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 SCHD and JEPI?
The largest positions held by both funds are EOG, PEP, BMY, MRK and ACN. Together the top 10 shared positions account for 97% of the total overlap.
What does SCHD own that JEPI doesn't?
88 positions (63.5% of SCHD) are unique to SCHD, led by QCOM, KO and CVX. In the other direction, 108 positions (90.5% of JEPI) are unique to JEPI.