JEPI vs MGK Overlap
JEPI is an equity ETF from J.P. Morgan, while MGK is a U.S. growth equity ETF from Vanguard. JEPI and MGK show meaningful overlap, with an estimated weighted overlap of 22.99%. They share 30 holdings in the loaded dataset, led by NVDA, GOOGL, and AMZN.
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Quick Answer
JEPI is an equity ETF from J.P. Morgan, while MGK is a U.S. growth equity ETF from Vanguard. JEPI and MGK show meaningful overlap, with an estimated weighted overlap of 22.99%. They share 30 holdings in the loaded dataset, led by NVDA, GOOGL, and AMZN.
- 22.99% weighted overlap across 30 shared holdings.
- The top three shared holdings explain 18.77% of the measured overlap.
- JEPI and MGK are closer in breadth than a broad-vs-niche ETF pair.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both may add less diversification than the fund names imply.
Data Freshness
- JEPI holdings
- Mar 12, 2026
- MGK holdings
- Mar 12, 2026
- Overlap computed
- Mar 15, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
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About These ETFs
What Stands Out In This Comparison
What This Means
JEPI is an equity ETF from J.P. Morgan, while MGK is a U.S. growth equity ETF from Vanguard. JEPI and MGK overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as NVDA, GOOGL, and AMZN, which explains why the score lands at 22.99%.
How They Differ
JEPI is an equity ETF from J.P. Morgan, while MGK is a U.S. growth equity ETF from Vanguard. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. MGK has the lower expense ratio, while JEPI charges more for its exposure.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 18.77% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
Because JEPI and MGK are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. MGK has the lower expense ratio, while JEPI charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 18.77% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between JEPI and MGK.
| Holding | Name | JEPI Wt. | MGK Wt. | Overlap |
|---|---|---|---|---|
| NVDA | NVIDIA CORP COMMON STOCK | 1.46% | 13.52% | 1.46% |
| GOOGL | ALPHABET INC-CL A - | 1.44% | 5.85% | 1.44% |
| AMZN | AMAZON.COM INC COMMON | 1.42% | 4.82% | 1.42% |
| AVGO | BROADCOM INC COMMON | 1.41% | 3.93% | 1.41% |
| AAPL | APPLE INC COMMON STOCK | 1.40% | 11.72% | 1.40% |
| MSFT | MICROSOFT CORP COMMON | 1.37% | 9.61% | 1.37% |
| MA | MASTERCARD INC COMMON | 1.36% | 1.68% | 1.36% |
| META | META PLATFORMS INC | 1.33% | 4.92% | 1.33% |
| V | VISA INC COMMON STOCK | 1.32% | 1.89% | 1.32% |
| LLY | ELI LILLY AND COMPANY | 0.89% | 3.22% | 0.89% |
Why These ETFs Overlap
JEPI is an equity ETF from J.P. Morgan, while MGK is a U.S. growth equity ETF from Vanguard. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are NVDA, GOOGL, and AMZN, which appear in both portfolios and push the overlap score higher.
Holding both JEPI and MGK can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
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Frequently Asked Questions About JEPI and MGK
What is the overlap between JEPI and MGK?+
How many holdings do JEPI and MGK share?+
Is the JEPI and MGK overlap high?+
Why do JEPI and MGK overlap?+
Which ETF is broader, JEPI or MGK?+
How Overlap Is Calculated
A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.