JEPI vs SPY ETF holdings comparison
JPMorgan Equity Premium Income ETF (JEPI) · SPDR S&P 500 ETF Trust (SPY)
JEPI and SPY overlap by 31.9% by portfolio weight. The remaining 68.1 percentage points are not counted as shared holdings weight by this calculation. They share 107 stocks; the largest shared position is NVIDIA Corp. (NVDA), contributing 1.52% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
JEPI and SPY share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
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.
This comparison covers normalized equity positions represented in the dataset. Cash, derivatives, options, structured notes, and other non-equity assets are not included, so the result is not a complete comparison of every asset or risk in either fund.
Top shared holdings
| Company | Ticker | in JEPI | in SPY |
|---|---|---|---|
| NVIDIA Corp. | NVDA | 1.52% | 8.34% |
| Apple, Inc. | AAPL | 1.52% | 7.43% |
| Alphabet, Inc. | GOOGL | 1.50% | 3.05% |
| Amazon.com, Inc. | AMZN | 1.46% | 3.73% |
| Broadcom, Inc. | AVGO | 1.32% | 2.56% |
| Microsoft Corp. | MSFT | 1.28% | 5.80% |
| Meta Platforms, Inc. | META | 1.21% | 2.38% |
| Eli Lilly & Co. | LLY | 1.04% | 1.40% |
| Visa, Inc. | V | 1.41% | 0.96% |
| Johnson & Johnson | JNJ | 1.66% | 0.92% |
Holdings only in JEPI or SPY
JEPI has 3 fund-only positions representing approximately 1.0 percentage points of reported exposure; SPY has 396 fund-only positions representing approximately 41.8 percentage points of reported exposure. These are positions whose normalized security identifiers appear in one issuer file but not the other.
Largest positions only in JEPI
| Company | Ticker | Weight |
|---|---|---|
| Burlington Stores, Inc. | BURL | 0.56% |
| Exxon Mobil Corp. | XOM | 0.28% |
| Affirm Holdings, Inc. | AFRM | 0.12% |
Largest positions only in SPY
| Company | Ticker | Weight |
|---|---|---|
| Alphabet Inc Cl C | GOOG | 2.45% |
| Micron Technology Inc | MU | 1.75% |
| Tesla Inc | TSLA | 1.58% |
| Jpmorgan Chase + Co | JPM | 1.32% |
| Exxonmobil Holdings Corp | XOM | 1.04% |
| Intel Corp | INTC | 0.80% |
| Palantir Technologies Inc A | PLTR | 0.68% |
| Cisco Systems Inc | CSCO | 0.68% |
| Chevron Corp | CVX | 0.62% |
| Applied Materials Inc | AMAT | 0.60% |
FAQ
How much do JEPI and SPY overlap?
JEPI and SPY have 31.9% overlap by weight, sharing 107 equity positions (out of 110 in JEPI and 503 in SPY). The official holdings files used are dated 2026-06-30 for JEPI and 2026-10-08 for SPY.
What does 31.9% overlap mean?
JEPI and SPY share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Which stocks do JEPI and SPY both hold?
The largest shared positions are NVIDIA Corp., Apple, Inc., Alphabet, Inc., Amazon.com, Inc., Broadcom, Inc.. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between JEPI and SPY?
JEPI has 3 positions not found in SPY, while SPY has 396 positions not found in JEPI. The largest fund-only positions and their weights are shown on this page.