etf overlap · heavy overlap
VUG vs JEPQ overlap
51% of VUG and JEPQ is the same money, spread over 49 companies both funds hold.
Holdings as of August 31, 2026 · source: Vanguard (VUG), J.P. Morgan (JEPQ) · 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
VUG and JEPQ: what people ask
How much do VUG and JEPQ overlap?
51% by weight, as of August 31, 2026: heavy overlap. 49 companies appear in both funds; they make up 75% of VUG and 62% of JEPQ.
Which stocks do VUG and JEPQ both hold?
The largest shared positions are NVDA, AAPL, MSFT, GOOG and AMZN. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both VUG and JEPQ?
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: 98 names only in VUG, 45 only in JEPQ. Half in each behaves like 23 equally weighted stocks, against 17 for VUG alone and 27 for JEPQ 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 Vanguard and J.P. Morgan 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.