etf overlap · moderate overlap
JEPI vs VUAA overlap
38% of JEPI and VUAA is the same money, spread over 116 companies both funds hold.
Holdings as of September 24, 2026 · source: J.P. Morgan (JEPI), Vanguard (VUAA) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
The companies you would own twice
What only one of them gives you
Where each fund puts its money
JEPI and VUAA: what people ask
How much do JEPI and VUAA overlap?
38% by weight, as of September 24, 2026: moderate overlap. 116 companies appear in both funds; they make up 84% of JEPI and 65% of VUAA.
Which stocks do JEPI and VUAA both hold?
The largest shared positions are META, MSFT, AAPL, NVDA and AMZN. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both JEPI and VUAA?
Out of every $100 split evenly between them, about $38 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 3 names only in JEPI, 387 only in VUAA. Half in each behaves like 70 equally weighted stocks, against 75 for JEPI alone and 43 for VUAA alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
What is VUAA, next to JEPI?
VUAA is Vanguard S&P 500 UCITS ETF (USD) Accumulating (ISIN IE00BFMXXD54), an Irish-domiciled UCITS fund on the S&P 500 index. Next to JEPI, 38% of the money is the same, spread over 116 companies both hold, as of September 24, 2026.
Does the JEPI vs VUAA overlap apply to other tickers?
Yes. VUAA also trades as VUAG (London, GBP), and VUSA (ISIN IE00B3XXRP09) is its distributing share class. Each is the same portfolio in another currency, on another exchange or paying its dividends out, so JEPI vs VUAG also overlaps 38%.
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 Vanguard 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.