JEPI is an equity ETF from J.P. Morgan, while SCHV is a U.S. value equity ETF from Schwab. JEPI and SCHV show meaningful overlap, with an estimated weighted overlap of 27.01%. They share 73 holdings in the loaded dataset, led by JNJ, WMT, and ABBV.
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JEPI is an equity ETF from J.P. Morgan, while SCHV is a U.S. value equity ETF from Schwab. JEPI and SCHV show meaningful overlap, with an estimated weighted overlap of 27.01%. They share 73 holdings in the loaded dataset, led by JNJ, WMT, and ABBV.
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JEPI is an equity ETF from J.P. Morgan, while SCHV is a U.S. value equity ETF from Schwab. JEPI and SCHV overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as JNJ, WMT, and ABBV, which explains why the score lands at 27.01%.
JEPI is an equity ETF from J.P. Morgan, while SCHV is a U.S. value equity ETF from Schwab. SCHV is the broader fund, while JEPI is the more targeted sleeve. SCHV has the lower expense ratio, while JEPI charges more for its exposure.
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 16.39% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
If you want the broader portfolio building block, SCHV is usually the wider choice. If you want the more focused tilt, JEPI is the narrower expression. SCHV has the lower expense ratio, while JEPI charges more for its exposure.
Concentration
The top three shared holdings explain 16.39% 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.
These are the holdings contributing the most to the overlap score between JEPI and SCHV.
| Holding | Name | JEPI Wt. | SCHV Wt. | Overlap |
|---|---|---|---|---|
| JNJ | Johnson & Johnson | 1.74% | 1.76% | 1.74% |
| WMT | Walmart, Inc. | 1.43% | 1.65% | 1.43% |
| ABBV | AbbVie, Inc. | 1.56% | 1.25% | 1.25% |
| PM | Philip Morris International, Inc. | 1.20% | 0.90% | 0.90% |
| 30231G102 | Exxon Mobil Corp. | 0.87% | 1.97% | 0.87% |
| MRK | Merck & Co., Inc. | 0.78% | 0.96% | 0.78% |
| RTX | RTX Corp. | 1.51% | 0.78% | 0.78% |
| ADI | Analog Devices, Inc. | 1.28% | 0.66% | 0.66% |
| MCD | McDonald's Corp. | 1.31% | 0.64% | 0.64% |
| PEP | PepsiCo, Inc. | 1.43% | 0.64% | 0.64% |
JEPI is an equity ETF from J.P. Morgan, while SCHV is a U.S. value 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 JNJ, WMT, and ABBV, which appear in both portfolios and push the overlap score higher.
Holding both JEPI and SCHV 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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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.