AIVSX vs JEPQ: 35% overlap
American Funds Investment Company of America A and JPMorgan Nasdaq Equity Premium Income ETF share 35.4% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
You would hold two tickers and get the diversification of 1.6. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
AIVSX and JEPQ hold 43 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AIVSX | in JEPQ | Δ |
|---|---|---|---|
| NVDA | 6.5% | 7.3% | 0.8% |
| MSFT | 5.7% | 4.8% | 0.8% |
| AMZN | 4.7% | 4.0% | 0.7% |
| META | 2.6% | 3.0% | 0.4% |
| AVGO | 6.1% | 2.2% | 3.9% |
| AAPL | 2.2% | 6.4% | 4.1% |
| GOOG | 2.1% | 5.1% | 3.0% |
| NFLX | 1.2% | 2.1% | 0.9% |
| AMAT | 1.3% | 0.8% | 0.5% |
| CSCO | 0.7% | 1.1% | 0.4% |
Where AIVSX and JEPQ 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 | AIVSX | JEPQ | Δ |
|---|---|---|---|
| Unclassified | 5.5% | 22.3% | −16.8pp |
| Industrials | 11.8% | 1.7% | +10.1pp |
| Information Technology | 29.2% | 37.9% | −8.8pp |
| Financials | 8.2% | 0.5% | +7.6pp |
| Health Care | 11.2% | 4.2% | +7.0pp |
| Materials | 3.1% | 0.0% | +3.1pp |
| Communication Services | 9.9% | 12.0% | −2.1pp |
| Cash and/or Derivatives | 0.1% | 1.8% | −1.8pp |
Δ is AIVSX minus JEPQ, 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
51.9% of AIVSX by weight, held in no part of JEPQ.
43.6% of JEPQ by weight, held in no part of AIVSX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| AIVSX | JEPQ | |
|---|---|---|
| Top 10 holdings | 39.5% | 40.0% |
| Positions held | 168 | 108 |
| Cost per $10,000 held, per year | $58 | $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 AIVSX and JEPQ overlap?
AIVSX and JEPQ overlap 35.4% by portfolio weight — moderate overlap. They share 43 holdings. The figure comes from current issuer holdings files (AIVSX as of 2026-03-31, JEPQ as of 2026-03-31).
How is the overlap between AIVSX and JEPQ calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AIVSX holds a stock at 6% and JEPQ 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 AIVSX and JEPQ?
That depends on your goals — we state facts, not advice. At 35.4% overlap, each fund still contributes meaningfully distinct exposure.
What does AIVSX own that JEPQ doesn't?
AIVSX holds 168 positions and JEPQ holds 108; 125 of AIVSX's positions don't appear in JEPQ at all, and they are 51.9% of AIVSX by weight.
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Related comparisons
Sources: issuer holdings files, AIVSX as of 2026-03-31, JEPQ as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.