JEPI vs SCHV Overlap
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 25.41%. They share 68 holdings in the loaded dataset, led by JNJ, WMT, and ABBV.
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Quick Answer
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 25.41%. They share 68 holdings in the loaded dataset, led by JNJ, WMT, and ABBV.
- 25.41% weighted overlap across 68 shared holdings.
- The top three shared holdings explain 17.99% of the measured overlap.
- SCHV is the broader fund, while JEPI is more targeted.
- 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
- SCHV 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 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 25.41%.
How They Differ
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.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 17.99% 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
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.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 17.99% 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 SCHV.
| Holding | Name | JEPI Wt. | SCHV Wt. | Overlap |
|---|---|---|---|---|
| JNJ | JOHNSON & COMMON | 1.75% | 2.06% | 1.75% |
| WMT | WALMART INC COMMON STOCK | 1.41% | 1.92% | 1.41% |
| ABBV | ABBVIE INC COMMON STOCK | 1.59% | 1.41% | 1.41% |
| RTX | RTX CORP | 1.58% | 0.97% | 0.97% |
| PM | PHILIP MORRIS | 0.88% | 0.94% | 0.88% |
| MCD | MCDONALD'S CORP COMMON | 1.35% | 0.82% | 0.82% |
| XOM | EXXON MOBIL | 0.78% | 2.19% | 0.78% |
| PEP | PEPSICO INC COMMON STOCK | 1.45% | 0.77% | 0.77% |
| MRK | MERCK & CO INC COMMON | 0.75% | 1.02% | 0.75% |
| NEE | NEXTERA ENERGY INC | 1.58% | 0.67% | 0.67% |
Why These ETFs Overlap
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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Frequently Asked Questions About JEPI and SCHV
What is the overlap between JEPI and SCHV?+
How many holdings do JEPI and SCHV share?+
Is the JEPI and SCHV overlap high?+
Why do JEPI and SCHV overlap?+
Which ETF is broader, JEPI or SCHV?+
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.