JEPQ vs QQQM: how much do they overlap?
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) · Invesco NASDAQ 100 ETF (QQQM)
overlap by weight · 72 shared holdings
JEPQ: 92 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.
High overlap
What this means
JEPQ and QQQM are largely the same portfolio. Holding both adds little diversification — most dollars end up in the same underlying stocks.
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 JEPQ | in QQQM |
|---|---|---|---|
| NVIDIA Corp. | NVDA | 7.34% | 8.37% |
| Apple, Inc. | AAPL | 6.37% | 7.59% |
| Microsoft Corp. | MSFT | 4.81% | 5.67% |
| Amazon.com, Inc. | AMZN | 4.01% | 4.36% |
| Alphabet, Inc. | GOOG | 5.09% | 3.27% |
| Meta Platforms, Inc. | META | 3.02% | 3.7% |
| Tesla, Inc. | TSLA | 2.6% | 3.91% |
| Walmart, Inc. | WMT | 2.47% | 3.36% |
| Broadcom, Inc. | AVGO | 2.23% | 2.93% |
| Netflix, Inc. | NFLX | 2.07% | 2.19% |
FAQ
How much do JEPQ and QQQM overlap?
JEPQ and QQQM have a 70.1% overlap by weight, sharing 72 holdings (out of 92 in JEPQ and 101 in QQQM), based on official issuer holdings as of 2026-03-31.
What does 70.1% overlap mean?
JEPQ and QQQM are largely the same portfolio. Holding both adds little diversification — most dollars end up in the same underlying stocks.
Which stocks do JEPQ and QQQM both hold?
The largest shared positions are NVIDIA Corp., Apple, Inc., Microsoft Corp., Amazon.com, Inc., Alphabet, Inc.. The full list of top shared holdings with weights in each fund is shown on this page.