etf overlap · little overlap
JEPI vs XLU overlap
4.2% of JEPI and XLU is the same money, spread over 6 companies both funds hold.
Holdings as of September 24, 2026 · source: J.P. Morgan (JEPI), SPDR (XLU) · How we measured all 1,035 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 XLU: what people ask
How much do JEPI and XLU overlap?
4.2% by weight, as of September 24, 2026: little overlap. 6 companies appear in both funds; they make up 4.2% of JEPI and 32% of XLU.
Which stocks do JEPI and XLU both hold?
The largest shared positions are NEE, SRE, ETR, SO and AWK. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both JEPI and XLU?
Out of every $100 split evenly between them, about $4 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 113 names only in JEPI, 25 only in XLU. Half in each behaves like 56 equally weighted stocks, against 75 for JEPI alone and 20 for XLU 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.