AGTHX vs JEPI: 24% overlap
American Funds Growth Fund of America A and JPMorgan Equity Premium Income ETF share 23.8% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published 31 days apart — AGTHX as of 2026-02-28, the rest through 2026-03-31. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
You would hold two tickers and get the diversification of 1.8. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
AGTHX and JEPI hold 58 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AGTHX | in JEPI | Δ |
|---|---|---|---|
| NVDA | 6.1% | 1.4% | 4.7% |
| AMZN | 2.9% | 1.4% | 1.5% |
| AAPL | 1.8% | 1.4% | 0.4% |
| GOOGL | 2.9% | 1.4% | 1.5% |
| AVGO | 4.3% | 1.3% | 3.0% |
| MSFT | 4.0% | 1.3% | 2.8% |
| VRTX | 2.1% | 1.2% | 0.8% |
| META | 4.2% | 1.2% | 3.1% |
| PM | 0.9% | 1.2% | 0.3% |
| MA | 0.9% | 1.4% | 0.5% |
Where AGTHX and JEPI differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | AGTHX | JEPI | Δ |
|---|---|---|---|
| Information Technology | 30.6% | 13.5% | +17.1pp |
| Unclassified | 7.6% | 19.6% | −12.0pp |
| Communication Services | 13.2% | 5.2% | +8.1pp |
| Consumer Staples | 2.4% | 7.8% | −5.4pp |
| Utilities | 0.5% | 5.4% | −4.9pp |
| Consumer Discretionary | 12.7% | 10.2% | +2.5pp |
| Real Estate | 0.6% | 2.9% | −2.3pp |
| Financials | 6.5% | 8.5% | −1.9pp |
Δ is AGTHX minus JEPI, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
53.0% of AGTHX by weight, held in no part of JEPI.
48.3% of JEPI by weight, held in no part of AGTHX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| AGTHX | JEPI | |
|---|---|---|
| Top 10 holdings | 36.7% | 15.7% |
| Positions held | 309 | 120 |
| Cost per $10,000 held, per year | $61 | $35 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do AGTHX and JEPI overlap?
AGTHX and JEPI overlap 23.8% by portfolio weight — moderate overlap. They share 58 holdings. The figure comes from current issuer holdings files (AGTHX as of 2026-02-28, JEPI as of 2026-03-31).
How is the overlap between AGTHX and JEPI calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AGTHX holds a stock at 6% and JEPI holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both AGTHX and JEPI?
That depends on your goals — we state facts, not advice. At 23.8% overlap, each fund still contributes meaningfully distinct exposure.
What does AGTHX own that JEPI doesn't?
AGTHX holds 309 positions and JEPI holds 120; 250 of AGTHX's positions don't appear in JEPI at all, and they are 53.0% of AGTHX by weight.
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Related comparisons
Sources: issuer holdings files, AGTHX as of 2026-02-28, JEPI as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.