JEPI vs PPA: how much do they overlap?
JPMorgan Equity Premium Income ETF (JEPI) · Invesco Aerospace & Defense ETF (PPA)
overlap by weight · 6 shared holdings
JEPI: 104 holdings (as of 2026-03-31) · PPA: 60 holdings (as of 2026-04-30)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
Low overlap
What this means
JEPI and PPA hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold — it answers "how much of my money is in the same stocks either way?" See methodology.
Top shared holdings
| Company | Ticker | in JEPI | in PPA |
|---|---|---|---|
| Howmet Aerospace, Inc. | HWM | 1.59% | 4.19% |
| RTX Corp. | RTX | 1.51% | 7.15% |
| Eaton Corp. plc | ETN | 1.43% | 2.36% |
| Amphenol Corp. | APH | 1.16% | 2.34% |
| Leidos Holdings, Inc. | LDOS | 0.35% | 1.01% |
| TransDigm Group, Inc. | TDG | 0.33% | 2.63% |
FAQ
How much do JEPI and PPA overlap?
JEPI and PPA have a 6.4% overlap by weight, sharing 6 holdings (out of 104 in JEPI and 60 in PPA), based on official issuer holdings as of 2026-03-31.
What does 6.4% overlap mean?
JEPI and PPA hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do JEPI and PPA both hold?
The largest shared positions are Howmet Aerospace, Inc., RTX Corp., Eaton Corp. plc, Amphenol Corp., Leidos Holdings, Inc.. The full list of top shared holdings with weights in each fund is shown on this page.