JEPI vs XLP Overlap
JEPI is an equity ETF from J.P. Morgan, while XLP is a consumer staples ETF from SPDR. JEPI and XLP show limited overlap, with an estimated weighted overlap of 7.57%. They share 11 holdings in the loaded dataset, led by PEP, WMT, and MDLZ.
Served from cache.
Quick Answer
JEPI is an equity ETF from J.P. Morgan, while XLP is a consumer staples ETF from SPDR. JEPI and XLP show limited overlap, with an estimated weighted overlap of 7.57%. They share 11 holdings in the loaded dataset, led by PEP, WMT, and MDLZ.
- 7.57% weighted overlap across 11 shared holdings.
- The top three shared holdings explain 54.15% of the measured overlap.
- JEPI is the broader fund, while XLP is more targeted.
- 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
- XLP holdings
- Mar 12, 2026
- Overlap computed
- Mar 15, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
Compare another pair
About These ETFs
What Stands Out In This Comparison
What This Means
JEPI is an equity ETF from J.P. Morgan, while XLP is a consumer staples ETF from SPDR. JEPI and XLP 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 PEP, WMT, and MDLZ.
How They Differ
JEPI is an equity ETF from J.P. Morgan, while XLP is a consumer staples ETF from SPDR. JEPI is the broader fund, while XLP is the more targeted sleeve. XLP 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 54.15% 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, JEPI is usually the wider choice. If you want the more focused tilt, XLP is the narrower expression. XLP has the lower expense ratio, while JEPI charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 54.15% 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 XLP.
| Holding | Name | JEPI Wt. | XLP Wt. | Overlap |
|---|---|---|---|---|
| PEP | PEPSICO INC COMMON STOCK | 1.45% | 4.69% | 1.45% |
| WMT | WALMART INC COMMON STOCK | 1.41% | 11.70% | 1.41% |
| MDLZ | MONDELEZ INTERNATIONAL | 1.24% | 4.30% | 1.24% |
| PM | PHILIP MORRIS | 0.88% | 5.74% | 0.88% |
| COST | COSTCO WHOLESALE CORP | 0.87% | 9.43% | 0.87% |
| CHD | CHURCH & DWIGHT CO INC | 0.52% | 1.52% | 0.52% |
| KDP | KEURIG DR PEPPER INC | 0.42% | 2.39% | 0.42% |
| KO | THE COCA-COLA COMPANY | 0.27% | 6.43% | 0.27% |
| MO | ALTRIA GROUP INC COMMON | 0.22% | 4.68% | 0.22% |
| PG | THE PROCTER & GAMBLE | 0.20% | 7.77% | 0.20% |
Why These ETFs Overlap
JEPI is an equity ETF from J.P. Morgan, while XLP is a consumer staples ETF from SPDR. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are PEP, WMT, and MDLZ, which appear in both portfolios and push the overlap score higher.
Holding both JEPI and XLP 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.
Related Comparisons
Frequently Asked Questions About JEPI and XLP
What is the overlap between JEPI and XLP?+
How many holdings do JEPI and XLP share?+
Is the JEPI and XLP overlap high?+
Why do JEPI and XLP overlap?+
Which ETF is broader, JEPI or XLP?+
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.