etf overlap · moderate overlap
JEPI vs VWCE overlap
30% of JEPI and VWCE is the same money, spread over 116 companies both funds hold.
Holdings as of September 24, 2026 · source: J.P. Morgan (JEPI), Vanguard (VWCE) · 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 VWCE: what people ask
How much do JEPI and VWCE overlap?
30% by weight, as of September 24, 2026: moderate overlap. 116 companies appear in both funds; they make up 84% of JEPI and 40% of VWCE.
Which stocks do JEPI and VWCE both hold?
The largest shared positions are MSFT, AAPL, NVDA, AMZN and GOOGL. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both JEPI and VWCE?
Out of every $100 split evenly between them, about $30 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 3 names only in JEPI, 3,679 only in VWCE. Half in each behaves like 113 equally weighted stocks, against 75 for JEPI alone and 107 for VWCE alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
What is VWCE, next to JEPI?
VWCE is Vanguard FTSE All-World UCITS ETF (USD) Accumulating (ISIN IE00BK5BQT80), an Irish-domiciled UCITS fund on the FTSE All-World index. Next to JEPI, 30% of the money is the same, spread over 116 companies both hold, as of September 24, 2026.
Does the JEPI vs VWCE overlap apply to other tickers?
Yes. VWCE also trades as VWRA (London, USD) and VWRP (London, GBP), and VWRL (ISIN IE00B3RBWM25) is its distributing share class. Each is the same portfolio in another currency, on another exchange or paying its dividends out, so JEPI vs VWRA also overlaps 30%.
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.