JEPQ vs XLU: how much do they overlap?
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) · Utilities Select Sector SPDR ETF (XLU)
overlap by weight · 4 shared holdings
JEPQ: 92 holdings (as of 2026-03-31) · XLU: 32 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.
Low overlap
What this means
JEPQ and XLU hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
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 XLU |
|---|---|---|---|
| Xcel Energy, Inc. | XEL | 0.35% | 3.49% |
| NextEra Energy, Inc. | NEE | 0.34% | 12.85% |
| Southern Co. (The) | SO | 0.33% | 7.59% |
| Constellation Energy Corp. | CEG | 0.09% | 5.67% |
FAQ
How much do JEPQ and XLU overlap?
JEPQ and XLU have a 1.1% overlap by weight, sharing 4 holdings (out of 92 in JEPQ and 32 in XLU), based on official issuer holdings as of 2026-03-31.
What does 1.1% overlap mean?
JEPQ and XLU hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do JEPQ and XLU both hold?
The largest shared positions are Xcel Energy, Inc., NextEra Energy, Inc., Southern Co. (The), Constellation Energy Corp.. The full list of top shared holdings with weights in each fund is shown on this page.