etf overlap · moderate overlap
JEPI vs VUG overlap
29% of JEPI and VUG is the same money, spread over 46 companies both funds hold.
Holdings as of August 31, 2026 · source: J.P. Morgan (JEPI), Vanguard (VUG)
- 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 VUG: what people ask
How much do JEPI and VUG overlap?
29% by weight, as of August 31, 2026: moderate overlap. 46 companies appear in both funds; they make up 38% of JEPI and 77% of VUG.
Which stocks do JEPI and VUG 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 VUG?
Out of every $100 split evenly between them, about $29 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 73 names only in JEPI, 101 only in VUG. 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 Vanguard publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart.
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.