etf overlap · light overlap
JEPQ vs XLC overlap
10% of JEPQ and XLC is the same money, spread over 7 companies both funds hold.
Holdings as of October 14, 2026 · source: J.P. Morgan (JEPQ), SPDR (XLC) · 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
JEPQ and XLC: what people ask
How much do JEPQ and XLC overlap?
10% by weight, as of October 14, 2026: light overlap. 7 companies appear in both funds; they make up 10% of JEPQ and 55% of XLC.
Which stocks do JEPQ and XLC both hold?
The largest shared positions are GOOG, META, NFLX, TMUS and CMCSA. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both JEPQ and XLC?
Out of every $100 split evenly between them, about $10 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 87 names only in JEPQ, 15 only in XLC. Half in each behaves like 23 equally weighted stocks, against 27 for JEPQ alone and 10 for XLC 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.