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ETF Overlap Tool: JEPQ vs QQQ

Compare portfolio holdings overlap, covered call income strategy differences, and expense ratios between JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Invesco QQQ Trust (QQQ).

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ETF Overlap Overview & Key Metrics
JEPQ (90 Total) QQQ (101 Total) ONLY IN JEPQ 15 Stocks (53.6% Weight) HIGH NASDAQ OVERLAP 75 Shared Stocks (83.2%) 68.0% Weight Duplication ONLY IN QQQ 26 Stocks (53.6% Weight)
Overlap by Weight
68.0%
⚡ High Nasdaq Overlap
Expense Ratio Gap
0.35% vs 0.20%
QQQ is 1.8x cheaper than JEPQ
Unique Holdings
419 vs 26 Stocks
~53.6% Weight Difference
Sector Allocation Breakdown
Information Technology
59.05%
Communication Services
12.65%
Consumer Discretionary
11.52%
Consumer Staples
5.87%
Healthcare
4.46%
Industrials
3.54%
Utilities
1.05%
Materials
0.83%
Financials
0.43%
Energy
0.38%
Real Estate
0.21%
Information Technology
58.17%
Communication Services
12.99%
Consumer Discretionary
11.29%
Consumer Staples
6.5%
Healthcare
4.13%
Industrials
3.97%
Utilities
1.16%
Materials
1.02%
Energy
0.53%
Financials
0.24%

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Stock Holdings Breakdown (JEPQ vs QQQ)

73 Assets
Asset Sector JEPQ Weight QQQ Weight Combined (50/50) Status
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Showing 1 to 20 of 73 holdings

JEPQ vs QQQ: Portfolio Overlap & Investment Strategy Guide

When evaluating JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) versus Invesco QQQ Trust (QQQ), investors are comparing two distinct ETF strategies. JEPQ holds 90 total assets while QQQ contains 101 total assets. Across both portfolios, they share 32 common stock holdings, representing a 68.0% portfolio overlap by weight.

Sector Concentration & Shared Stock Holdings

While both funds invest in equity markets, their internal sector allocations create meaningful differences in portfolio performance and volatility:

  • Primary Sector Focus: JEPQ concentrates its largest allocation in Information Technology (59.05%), whereas QQQ allocates its highest weighting to Information Technology (58.17%).
  • Top Shared Holdings: Key overlapping stocks held in both funds include NVIDIA Corporation (NVDA), Apple Inc (AAPL), Microsoft Corporation (MSFT), Alphabet Inc (GOOG).
  • Holdings Distribution: JEPQ features 90 holdings compared to 101 holdings in QQQ, affecting single-stock concentration risk.

Strategic Portfolio Insight: High Overlap & Concentration Risk

Holding both JEPQ and QQQ results in significant portfolio duplication with a 68.0% weight overlap. Because a major portion of performance is driven by identical holdings across both funds, owning both simultaneously creates high redundancy without providing meaningful diversification.

Expense Ratio Comparison & Performance: JEPQ vs QQQ

Beyond portfolio holdings overlap, fund management fees, dividend yields, and sector diversification play a vital role in long-term compounding returns:

1. Annual Management Fee Impact

QQQ charges a lower expense ratio of 0.20% compared to JEPQ at 0.35%. QQQ is 1.7x cheaper, saving long-term investors approximately $15 per year for every $100,000 invested.

2. Volatility, Risk & Long-Term Growth Potential

JEPQ and QQQ react differently to changing interest rates, market cycles, and sector rotations. Diversifying across funds with different underlying indexes helps reduce portfolio drawdown risk during broader market corrections.

Snowball Portfolio Lab Insight

Want to analyze how combining JEPQ and QQQ impacts your total portfolio yield, sector distribution, and historical dividend income? Model your custom asset allocation in the Snowball Analytics Portfolio Lab.

Frequently Asked Questions: JEPQ vs QQQ ETF Overlap
What is the portfolio overlap percentage between JEPQ and QQQ?
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Invesco QQQ Trust (QQQ) have a 68.0% overlap by weight and share 32 identical stock holdings. JEPQ holds 90 total assets while QQQ holds 101 total assets.
What is the main difference between JEPQ and QQQ?
The main difference between JEPQ and QQQ lies in sector allocation, expense ratio, and portfolio breadth:
  • Sector Focus: JEPQ's largest sector is Information Technology (59.05%), whereas QQQ's largest sector is Information Technology (58.17%).
  • Expense Ratio: QQQ has an expense ratio of 0.20%, while JEPQ charges 0.35%. QQQ is 1.7x cheaper than JEPQ.
  • Portfolio Breadth: JEPQ holds 90 total stocks vs QQQ's 101 stocks.
Is it good to hold both JEPQ and QQQ in the same portfolio?
Holding both JEPQ and QQQ results in a 68.0% portfolio weight overlap across 32 common holdings. Because JEPQ and QQQ have a high portfolio weight overlap of 68.0%, holding both creates significant redundancy. Investors often select one primary fund as a core asset rather than duplicating holdings.
Which ETF has lower management expense fees: JEPQ or QQQ?
QQQ has an expense ratio of 0.20%, while JEPQ charges 0.35%. QQQ is 1.7x cheaper than JEPQ.
Which ETF is better for long-term investors: JEPQ or QQQ?
The ideal choice depends on your investment strategy: JEPQ (0.35% expense ratio) provides exposure to JPMorgan Nasdaq Equity Premium Income ETF, while QQQ (0.20% expense ratio) offers exposure to Invesco QQQ Trust. Comparing sector concentration and historical volatility helps align your choice with long-term goals.
Do JEPQ and QQQ pay dividends?
Yes, both JEPQ and QQQ pay quarterly dividend distributions to shareholders derived from underlying dividend payments of portfolio companies.