etf overlap · heavy overlap
JEPQ vs IWF overlap
51% of JEPQ and IWF is the same money, spread over 56 companies both funds hold.
Holdings as of October 14, 2026 · source: J.P. Morgan (JEPQ), iShares (IWF) · 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 IWF: what people ask
How much do JEPQ and IWF overlap?
51% by weight, as of October 14, 2026: heavy overlap. 56 companies appear in both funds; they make up 67% of JEPQ and 69% of IWF.
Which stocks do JEPQ and IWF both hold?
The largest shared positions are NVDA, AAPL, MSFT, GOOG and MU. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both JEPQ and IWF?
Out of every $100 split evenly between them, about $51 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 38 names only in JEPQ, 315 only in IWF. Half in each behaves like 26 equally weighted stocks, against 27 for JEPQ alone and 20 for IWF 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.