JEPI is an equity ETF from J.P. Morgan, while XLI is an industrials ETF from SPDR. JEPI and XLI show limited overlap, with an estimated weighted overlap of 11.79%. They share 14 holdings in the loaded dataset, led by HWM, RTX, and IE00B8KQN827.
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JEPI is an equity ETF from J.P. Morgan, while XLI is an industrials ETF from SPDR. JEPI and XLI show limited overlap, with an estimated weighted overlap of 11.79%. They share 14 holdings in the loaded dataset, led by HWM, RTX, and IE00B8KQN827.
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JEPI is an equity ETF from J.P. Morgan, while XLI is an industrials ETF from SPDR. JEPI and XLI 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 HWM, RTX, and IE00B8KQN827.
JEPI is an equity ETF from J.P. Morgan, while XLI is an industrials ETF from SPDR. JEPI is the broader fund, while XLI is the more targeted sleeve. XLI 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 38.36% 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, JEPI is usually the wider choice. If you want the more focused tilt, XLI is the narrower expression. XLI has the lower expense ratio, while JEPI charges more for its exposure.
Concentration
The top three shared holdings explain 38.36% 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 XLI.
| Holding | Name | JEPI Wt. | XLI Wt. | Overlap |
|---|---|---|---|---|
| HWM | Howmet Aerospace, Inc. | 1.59% | 1.83% | 1.59% |
| RTX | RTX Corp. | 1.51% | 5.13% | 1.51% |
| IE00B8KQN827 | Eaton Corp. plc | 1.43% | 2.75% | 1.43% |
| IE00BK9ZQ967 | Trane Technologies plc | 1.42% | 1.83% | 1.42% |
| MMM | 3M Co. | 1.24% | 1.51% | 1.24% |
| EMR | Emerson Electric Co. | 1.17% | 1.46% | 1.17% |
| DE | Deere & Co. | 0.68% | 2.81% | 0.68% |
| CARR | Carrier Global Corp. | 0.54% | 0.88% | 0.54% |
| UNP | Union Pacific Corp. | 0.46% | 2.85% | 0.46% |
| DOV | Dover Corp. | 0.46% | 0.56% | 0.46% |
JEPI is an equity ETF from J.P. Morgan, while XLI is an industrials ETF from SPDR. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are HWM, RTX, and IE00B8KQN827, which appear in both portfolios and push the overlap score higher.
Holding both JEPI and XLI 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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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.