JEPI vs QQQM: how much do they overlap?
JPMorgan Equity Premium Income ETF (JEPI) · Invesco NASDAQ 100 ETF (QQQM)
overlap by weight · 28 shared holdings
JEPI: 104 holdings (as of 2026-03-31) · QQQM: 101 holdings (as of 2026-02-28)
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 QQQM 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 QQQM |
|---|---|---|---|
| Walmart, Inc. | WMT | 1.43% | 3.36% |
| NVIDIA Corp. | NVDA | 1.41% | 8.37% |
| Amazon.com, Inc. | AMZN | 1.41% | 4.36% |
| Apple, Inc. | AAPL | 1.39% | 7.59% |
| Alphabet, Inc. | GOOGL | 1.38% | 3.53% |
| Broadcom, Inc. | AVGO | 1.31% | 2.93% |
| Microsoft Corp. | MSFT | 1.28% | 5.67% |
| PepsiCo, Inc. | PEP | 1.43% | 1.25% |
| Meta Platforms, Inc. | META | 1.19% | 3.7% |
| Analog Devices, Inc. | ADI | 1.28% | 0.93% |
FAQ
How much do JEPI and QQQM overlap?
JEPI and QQQM have a 20.9% overlap by weight, sharing 28 holdings (out of 104 in JEPI and 101 in QQQM), based on official issuer holdings as of 2026-03-31.
What does 20.9% overlap mean?
JEPI and QQQM hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do JEPI and QQQM both hold?
The largest shared positions are Walmart, Inc., NVIDIA Corp., Amazon.com, Inc., Apple, Inc., Alphabet, Inc.. The full list of top shared holdings with weights in each fund is shown on this page.