JEPQ vs SPY: how much do they overlap?
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) · SPDR S&P 500 ETF Trust (SPY)
overlap by weight · 83 shared holdings
JEPQ: 92 holdings (as of 2026-03-31) · SPY: 504 holdings (as of 09-Jul-2026)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
Moderate overlap
What this means
JEPQ and SPY share a meaningful slice of holdings. They are related but not interchangeable; check the shared names below to see where your exposure doubles up.
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 SPY |
|---|---|---|---|
| NVIDIA Corp. | NVDA | 7.34% | 7.57% |
| Apple, Inc. | AAPL | 6.37% | 7.16% |
| Microsoft Corp. | MSFT | 4.81% | 4.4% |
| Amazon.com, Inc. | AMZN | 4.01% | 3.73% |
| Alphabet, Inc. | GOOG | 5.09% | 2.6% |
| Broadcom, Inc. | AVGO | 2.23% | 2.93% |
| Meta Platforms, Inc. | META | 3.02% | 2.14% |
| Tesla, Inc. | TSLA | 2.6% | 1.76% |
| Micron Technology, Inc. | MU | 2.04% | 1.72% |
| Advanced Micro Devices, Inc. | AMD | 1.68% | 1.37% |
FAQ
How much do JEPQ and SPY overlap?
JEPQ and SPY have a 49.7% overlap by weight, sharing 83 holdings (out of 92 in JEPQ and 504 in SPY), based on official issuer holdings as of 2026-03-31.
What does 49.7% overlap mean?
JEPQ and SPY share a meaningful slice of holdings. They are related but not interchangeable; check the shared names below to see where your exposure doubles up.
Which stocks do JEPQ and SPY 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.