etf overlap · moderate overlap
JEPQ vs ITOT overlap
48% of JEPQ and ITOT is the same money, spread over 88 companies both funds hold.
Holdings as of October 14, 2026 · source: J.P. Morgan (JEPQ), iShares (ITOT) · 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
SHOPSHOPIFY INC COMMON STOCK0.59%Where each fund puts its money
JEPQ and ITOT: what people ask
How much do JEPQ and ITOT overlap?
48% by weight, as of October 14, 2026: moderate overlap. 88 companies appear in both funds; they make up 80% of JEPQ and 50% of ITOT.
Which stocks do JEPQ and ITOT both hold?
The largest shared positions are NVDA, AAPL, MSFT, AMZN and GOOG. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both JEPQ and ITOT?
Out of every $100 split evenly between them, about $48 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 6 names only in JEPQ, 2,337 only in ITOT. Half in each behaves like 40 equally weighted stocks, against 27 for JEPQ alone and 55 for ITOT 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 iShares 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.