etf overlap tool · light overlap
JEPI vs XLI overlap
12% of JEPI and XLI is the same money, spread over 16 companies both funds hold.
Holdings as of October 16, 2026 · source: J.P. Morgan (JEPI), SPDR (XLI) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
Hold JEPI and XLI with other funds or stocks? The free portfolio optimizer opens JEPI and XLI 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
CATCATERPILLAR INC6.29%
GEGENERAL ELECTRIC6.10%
UBERUBER TECHNOLOGIES INC2.69%
Where each fund puts its money
JEPI and XLI: what people ask
How much do JEPI and XLI overlap?
12% by weight, as of October 16, 2026: light overlap. 16 companies appear in both funds; they make up 12% of JEPI and 29% of XLI.
Which stocks do JEPI and XLI both hold?
The largest shared positions are TT, MMM, ETN, HWM and RTX. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both JEPI and XLI?
Out of every $100 split evenly between them, about $12 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 103 names only in JEPI, 67 only in XLI. Half in each behaves like 91 equally weighted stocks, against 75 for JEPI alone and 41 for XLI 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 SPDR 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.