JEPQ vs XLK ETF holdings comparison
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) · Technology Select Sector SPDR ETF (XLK)
JEPQ and XLK overlap by 38.5% by portfolio weight. The remaining 61.5 percentage points are not counted as shared holdings weight by this calculation. They share 30 stocks; the largest shared position is NVIDIA Corp. (NVDA), contributing 7.34% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
JEPQ and XLK 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 JEPQ | in XLK |
|---|---|---|---|
| NVIDIA Corp. | NVDA | 7.34% | 14.22% |
| Apple, Inc. | AAPL | 6.37% | 12.54% |
| Microsoft Corp. | MSFT | 4.81% | 10.07% |
| Broadcom, Inc. | AVGO | 2.23% | 4.66% |
| Micron Technology, Inc. | MU | 2.04% | 3.99% |
| Lam Research Corp. | LRCX | 1.78% | 2.65% |
| Advanced Micro Devices, Inc. | AMD | 1.68% | 4.10% |
| Palantir Technologies, Inc. | PLTR | 1.22% | 2.67% |
| Cisco Systems, Inc. | CSCO | 1.12% | 2.95% |
| Analog Devices, Inc. | ADI | 1.12% | 1.23% |
Holdings only in JEPQ or XLK
JEPQ has 62 fund-only positions representing approximately 41.0 percentage points of reported exposure; XLK has 43 fund-only positions representing approximately 18.0 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 |
|---|---|---|
| Alphabet, Inc. | GOOG | 5.09% |
| Amazon.com, Inc. | AMZN | 4.01% |
| Meta Platforms, Inc. | META | 3.02% |
| Tesla, Inc. | TSLA | 2.60% |
| Walmart, Inc. | WMT | 2.47% |
| Netflix, Inc. | NFLX | 2.07% |
| Costco Wholesale Corp. | COST | 1.57% |
| PepsiCo, Inc. | PEP | 0.96% |
| ASML Holding NV | ASML | 0.91% |
| Intuitive Surgical, Inc. | ISRG | 0.90% |
Largest positions only in XLK
| Company | Ticker | Weight |
|---|---|---|
| Intl Business Machines Corp | IBM | 1.48% |
| Sandisk Corp | SNDK | 1.48% |
| Arista Networks Inc | ANET | 1.33% |
| Amphenol Corp Cl A | APH | 1.31% |
| Salesforce Inc | CRM | 1.13% |
| Dell Technologies C | DELL | 0.88% |
| Corning Inc | GLW | 0.78% |
| Accenture Plc Cl A | ACN | 0.77% |
| Fortinet Inc | FTNT | 0.64% |
| Cadence Design Sys Inc | CDNS | 0.62% |
FAQ
How much do JEPQ and XLK overlap?
JEPQ and XLK have 38.5% overlap by weight, sharing 30 equity positions (out of 92 in JEPQ and 73 in XLK). The official holdings files used are dated 2026-03-31 for JEPQ and 2026-08-25 for XLK.
What does 38.5% overlap mean?
JEPQ and XLK 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 JEPQ and XLK both hold?
The largest shared positions are NVIDIA Corp., Apple, Inc., Microsoft Corp., Broadcom, Inc., Micron Technology, Inc.. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between JEPQ and XLK?
JEPQ has 62 positions not found in XLK, while XLK has 43 positions not found in JEPQ. The largest fund-only positions and their weights are shown on this page.