SCHD vs JEPQ: Holdings Overlap
SCHDSchwab U.S. Dividend Equity ETF
Schwab · 99 holdings · $105.7B · as of 2026-05-31
JEPQJPMorgan Nasdaq Equity Premium Income ETF
JPMorgan · 107 holdings · $39.9B · as of 2026-03-31
Holdings snapshots are 61 days apart (SCHD: 2026-05-31, JEPQ: 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 JEPQ?
Schwab U.S. Dividend Equity ETF (SCHD, by Schwab) holds 99 positions; JPMorgan Nasdaq Equity Premium Income ETF (JEPQ, by JPMorgan) holds 107. They have 9 holdings in common, and by portfolio weight the two funds are 3.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 9SCHD holds 99 · JEPQ holds 107
- Weight in Shared Holdings
- SCHD 36%·JEPQ 4%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
90 of 99 positions (64.0% of the fund) are not held by JEPQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHD | JEPQ |
|---|---|---|
| Information Technology | 15.8% | 40.2% |
| Consumer Staples | 18.4% | 6.3% |
| Health Care | 18.3% | 4.2% |
| Energy | 14.6% | 0.4% |
| Communication Services | 6.0% | 12.5% |
| Other Sectors | 26.6% | 16.0% |
| Unclassified | 0.0% | 16.9% |
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, 18% of JEPQ).
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% |
| JEPQ | +1.9% | +10.1% | +21.5% | +19.2% | — | — | 10.92% |
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 JEPQ →
Shared Holdings(9)
The top 9 shared positions account for 100% of the overlap, led by PEP, TXN and CMCSA.
 PEPPepsiCo, Inc. | 3.44% | 0.96% | 0.96% |
|---|---|---|---|
 TXNTexas Instruments, Inc. | 5.90% | 0.70% | 0.70% |
 CMCSAComcast Corp., Class A | 2.25% | 0.58% | 0.58% |
 QCOMQUALCOMM, Inc. | 6.74% | 0.53% | 0.53% |
 AMGNAmgen, Inc. | 3.47% | 0.44% | 0.44% |
 BMYBristol-Myers Squibb Co. | 2.93% | 0.25% | 0.25% |
 KOCoca-Cola Co. (The) | 3.96% | 0.21% | 0.21% |
 UNHUnitedHealth Group, Inc. | 5.09% | 0.12% | 0.12% |
 UPSUnited Parcel Service, Inc., Class B | 1.98% | 0.07% | 0.07% |
Frequently Asked Questions
How much do SCHD and JEPQ overlap?
SCHD and JEPQ overlap by 3.9% of portfolio weight. They share 9 holdings (SCHD holds 99 positions and JEPQ holds 107), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHD and JEPQ?
The two portfolios are 3.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SCHD and JEPQ?
The largest positions held by both funds are PEP, TXN, CMCSA, QCOM and AMGN. Together the top 9 shared positions account for 100% of the total overlap.
What does SCHD own that JEPQ doesn't?
90 positions (64.0% of SCHD) are unique to SCHD, led by MRK, CVX and VZ. In the other direction, 98 positions (92.7% of JEPQ) are unique to JEPQ.