JEPQ vs QQQ ETF holdings comparison
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) · Invesco QQQ Trust (QQQ)
JEPQ and QQQ overlap by 70.1% by portfolio weight. The remaining 29.9 percentage points are not counted as shared holdings weight by this calculation. They share 72 stocks; the largest shared position is NVIDIA Corp. (NVDA), contributing 7.34% to the overlap.
What this means
JEPQ and QQQ share most of their portfolio weight in the same underlying stocks. OverlapCheck labels this "high 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 JEPQ | in QQQ |
|---|---|---|---|
| NVIDIA Corp. | NVDA | 7.34% | 8.68% |
| Apple, Inc. | AAPL | 6.37% | 7.63% |
| Microsoft Corp. | MSFT | 4.81% | 5.63% |
| Amazon.com, Inc. | AMZN | 4.01% | 4.58% |
| Alphabet, Inc. | GOOG | 5.09% | 3.20% |
| Meta Platforms, Inc. | META | 3.02% | 3.46% |
| Tesla, Inc. | TSLA | 2.60% | 3.80% |
| Walmart, Inc. | WMT | 2.47% | 3.43% |
| Broadcom, Inc. | AVGO | 2.23% | 3.01% |
| Netflix, Inc. | NFLX | 2.07% | 2.30% |
Holdings only in JEPQ or QQQ
JEPQ has 20 fund-only positions representing approximately 4.7 percentage points of reported exposure; QQQ has 29 fund-only positions representing approximately 10.9 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 JEPQ
| Company | Ticker | Weight |
|---|---|---|
| AbbVie, Inc. | ABBV | 0.43% |
| Teradyne, Inc. | TER | 0.37% |
| Eaton Corp. plc | ETN | 0.36% |
| NextEra Energy, Inc. | NEE | 0.34% |
| Southern Co. (The) | SO | 0.33% |
| Lowe's Cos., Inc. | LOW | 0.30% |
| Deere & Co. | DE | 0.30% |
| Oracle Corp. | ORCL | 0.26% |
| Mastercard, Inc. | MA | 0.25% |
| Bristol-Myers Squibb Co. | BMY | 0.25% |
Largest positions only in QQQ
| Company | Ticker | Weight |
|---|---|---|
| Alphabet Inc. | GOOGL | 3.43% |
| Automatic Data Processing, Inc. | ADP | 0.46% |
| Cadence Design Systems, Inc. | CDNS | 0.43% |
| American Electric Power Co., Inc. | AEP | 0.40% |
| Warner Bros. Discovery, Inc. | WBD | 0.39% |
| Cintas Corp. | CTAS | 0.38% |
| PACCAR Inc. | PCAR | 0.34% |
| Fortinet, Inc. | FTNT | 0.34% |
| Baker Hughes Co. | BKR | 0.34% |
| Monolithic Power Systems, Inc. | MPWR | 0.30% |
FAQ
How much do JEPQ and QQQ overlap?
JEPQ and QQQ have 70.1% overlap by weight, sharing 72 equity positions (out of 92 in JEPQ and 101 in QQQ). The official holdings files used are dated 2026-03-31 for JEPQ and 2026-03-31 for QQQ.
What does 70.1% overlap mean?
JEPQ and QQQ share most of their portfolio weight in the same underlying stocks. OverlapCheck labels this "high 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 JEPQ and QQQ both hold?
The largest shared positions are NVIDIA Corp., Apple, Inc., Microsoft Corp., Amazon.com, Inc., Alphabet, Inc.. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between JEPQ and QQQ?
JEPQ has 20 positions not found in QQQ, while QQQ has 29 positions not found in JEPQ. The largest fund-only positions and their weights are shown on this page.