AVDV vs JEPQ: 1% overlap
Avantis International Small Cap Value ETF and JPMorgan Nasdaq Equity Premium Income ETF share 1.2% 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 — AVDV 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
AVDV and JEPQ hold 3 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AVDV | in JEPQ | Δ |
|---|---|---|---|
| CASH | 1.2% | 1.8% | 0.7% |
| TER | 0.0% | 0.4% | 0.4% |
| COST | 0.0% | 1.6% | 1.6% |
Where AVDV 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 | AVDV | JEPQ | Δ |
|---|---|---|---|
| Information Technology | 4.8% | 37.9% | −33.1pp |
| Industrials | 18.9% | 1.7% | +17.2pp |
| Materials | 15.6% | 0.0% | +15.6pp |
| Financials | 14.1% | 0.5% | +13.6pp |
| Communication Services | 1.8% | 12.0% | −10.2pp |
| Energy | 5.1% | 0.4% | +4.8pp |
| Consumer Staples | 2.8% | 6.3% | −3.5pp |
| Health Care | 1.8% | 4.2% | −2.4pp |
Δ is AVDV 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
99.8% of AVDV by weight, held in no part of JEPQ.
94.6% of JEPQ by weight, held in no part of AVDV.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| AVDV | JEPQ | |
|---|---|---|
| Top 10 holdings | 9.0% | 40.0% |
| Positions held | 1,646 | 108 |
| Cost per $10,000 held, per year | $36 | $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 AVDV and JEPQ overlap?
AVDV and JEPQ overlap 1.2% by portfolio weight — largely distinct portfolios. They share 3 holdings. The figure comes from current issuer holdings files (AVDV as of 2026-02-28, JEPQ as of 2026-03-31).
How is the overlap between AVDV and JEPQ calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AVDV 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 AVDV and JEPQ?
That depends on your goals — we state facts, not advice. At 1.2% overlap, each fund still contributes meaningfully distinct exposure.
What does AVDV own that JEPQ doesn't?
AVDV holds 1,646 positions and JEPQ holds 108; 1,643 of AVDV's positions don't appear in JEPQ at all, and they are 99.8% of AVDV by weight.
You probably hold more than two funds
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Related comparisons
Sources: issuer holdings files, AVDV as of 2026-02-28, JEPQ as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.