etf overlap tool · light overlap
JEPI vs XLV overlap
12% of JEPI and XLV is the same money, spread over 17 companies both funds hold.
Holdings as of October 16, 2026 · source: J.P. Morgan (JEPI), SPDR (XLV) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
Hold JEPI and XLV with other funds or stocks? The free portfolio optimizer opens JEPI and XLV 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
AMGNAMGEN INC3.65%
PFEPFIZER INC2.63%
MRNAMODERNA INC1.26%
Where each fund puts its money
JEPI and XLV: what people ask
How much do JEPI and XLV overlap?
12% by weight, as of October 16, 2026: light overlap. 17 companies appear in both funds; they make up 12% of JEPI and 67% of XLV.
Which stocks do JEPI and XLV both hold?
The largest shared positions are ABBV, JNJ, LLY, VRTX and REGN. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both JEPI and XLV?
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: 102 names only in JEPI, 45 only in XLV. Half in each behaves like 47 equally weighted stocks, against 75 for JEPI alone and 18 for XLV 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.