JEPI vs SCHD Overlap
JEPI is an equity ETF from J.P. Morgan, while SCHD is a dividend-focused equity ETF from Schwab. JEPI and SCHD show limited overlap, with an estimated weighted overlap of 7.92%. They share 10 holdings in the loaded dataset, led by ABBV, EOG, and PEP.
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Quick Answer
JEPI is an equity ETF from J.P. Morgan, while SCHD is a dividend-focused equity ETF from Schwab. JEPI and SCHD show limited overlap, with an estimated weighted overlap of 7.92%. They share 10 holdings in the loaded dataset, led by ABBV, EOG, and PEP.
- 7.92% weighted overlap across 10 shared holdings.
- The top three shared holdings explain 56.88% of the measured overlap.
- JEPI and SCHD 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 can still add materially different exposure.
Data Freshness
- JEPI holdings
- Mar 12, 2026
- SCHD holdings
- Mar 12, 2026
- Overlap computed
- Mar 13, 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 SCHD is a dividend-focused equity ETF from Schwab. JEPI and SCHD do not own much of the same portfolio weight. That usually means you are combining different parts of the market, with only a small amount of duplication through names like ABBV, EOG, and PEP.
How They Differ
JEPI is an equity ETF from J.P. Morgan, while SCHD is a dividend-focused equity ETF from Schwab. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. SCHD 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 56.88% 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 SCHD are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. SCHD has the lower expense ratio, while JEPI charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 56.88% 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 SCHD.
| Holding | Name | JEPI Wt. | SCHD Wt. | Overlap |
|---|---|---|---|---|
| ABBV | ABBVIE INC COMMON STOCK | 1.59% | 3.56% | 1.59% |
| EOG | EOG RESOURCES INC COMMON | 1.46% | 2.57% | 1.46% |
| PEP | PEPSICO INC COMMON STOCK | 1.45% | 3.92% | 1.45% |
| BMY | BRISTOL-MYERS SQUIBB CO | 1.11% | 4.26% | 1.11% |
| MRK | MERCK & CO INC COMMON | 0.75% | 4.13% | 0.75% |
| TXN | TEXAS INSTRUMENTS INC | 0.58% | 3.90% | 0.58% |
| BBY | BEST BUY CO INC COMMON | 0.29% | 0.47% | 0.29% |
| KO | THE COCA-COLA COMPANY | 0.27% | 3.97% | 0.27% |
| MO | ALTRIA GROUP INC COMMON | 0.22% | 4.15% | 0.22% |
| COP | CONOCOPHILLIPS COMMON | 0.19% | 4.49% | 0.19% |
Why These ETFs Overlap
JEPI is an equity ETF from J.P. Morgan, while SCHD is a dividend-focused equity ETF from Schwab. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are ABBV, EOG, and PEP, which appear in both portfolios and push the overlap score higher.
Holding both JEPI and SCHD can make sense if you want exposure to different sleeves of the market. The overlap is small enough that both funds may still improve diversification.
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Frequently Asked Questions About JEPI and SCHD
What is the overlap between JEPI and SCHD?+
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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.