etf overlap · moderate overlap
JEPQ vs VWCE overlap
34% of JEPQ and VWCE is the same money, spread over 90 companies both funds hold.
Holdings as of September 30, 2026 · source: J.P. Morgan (JEPQ), Vanguard (VWCE) · How we measured all 1,431 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
JEPQ and VWCE: what people ask
How much do JEPQ and VWCE overlap?
34% by weight, as of September 30, 2026: moderate overlap. 90 companies appear in both funds; they make up 81% of JEPQ and 35% of VWCE.
Which stocks do JEPQ and VWCE both hold?
The largest shared positions are NVDA, AAPL, MSFT, AMZN and AVGO. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both JEPQ and VWCE?
Out of every $100 split evenly between them, about $34 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 4 names only in JEPQ, 3,705 only in VWCE. Half in each behaves like 52 equally weighted stocks, against 27 for JEPQ alone and 107 for VWCE alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
What is VWCE, next to JEPQ?
VWCE is Vanguard FTSE All-World UCITS ETF (USD) Accumulating (ISIN IE00BK5BQT80), an Irish-domiciled UCITS fund on the FTSE All-World index. Next to JEPQ, 34% of the money is the same, spread over 90 companies both hold, as of September 30, 2026.
Does the JEPQ vs VWCE overlap apply to other tickers?
Yes. VWCE also trades as VWRA (London, USD) and VWRP (London, GBP), and VWRL (ISIN IE00B3RBWM25) is its distributing share class. Each is the same portfolio in another currency, on another exchange or paying its dividends out, so JEPQ vs VWRA also overlaps 34%.
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 Vanguard 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.