etf overlap tool · little overlap
JEPI vs SMH overlap
7.5% of JEPI and SMH is the same money, spread over 9 companies both funds hold.
Holdings as of October 16, 2026 · source: J.P. Morgan (JEPI), VanEck (SMH) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
Hold JEPI and SMH with other funds or stocks? The free portfolio optimizer opens JEPI and SMH beside the rest of what you own: the companies you hold twice, what the funds cost a year, and where the next deposit should go. No account.
The companies you would own twice
What only one of them gives you
KLACKla Corp4.35%
QCOMQualcomm Inc3.92%Where each fund puts its money
JEPI and SMH: what people ask
How much do JEPI and SMH overlap?
7.5% by weight, as of October 16, 2026: little overlap. 9 companies appear in both funds; they make up 7.5% of JEPI and 52% of SMH.
Which stocks do JEPI and SMH both hold?
The largest shared positions are NVDA, AVGO, LRCX, AMD and MU. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both JEPI and SMH?
Out of every $100 split evenly between them, about $8 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 110 names only in JEPI, 16 only in SMH. Half in each behaves like 37 equally weighted stocks, against 75 for JEPI alone and 13 for SMH alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
How is ETF overlap calculated here?
For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files J.P. Morgan and VanEck publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.
Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.