BNDX vs JEPQ: 1% overlap
Vanguard Total International Bond ETF and JPMorgan Nasdaq Equity Premium Income ETF share 1.4% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 3 months apart — JEPQ as of 2026-03-31, the rest through 2026-06-30. 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
BNDX and JEPQ hold 11 of the same securities. The ten contributing most to the overlap figure:
| Holding | in BNDX | in JEPQ | Δ |
|---|---|---|---|
| CASH | 1.3% | 1.8% | 0.5% |
| MDLZ | 0.0% | 0.5% | 0.5% |
| NFLX | 0.0% | 2.1% | 2.0% |
| TMO | 0.0% | 0.2% | 0.2% |
| MSFT | 0.0% | 4.8% | 4.8% |
| ABBV | 0.0% | 0.4% | 0.4% |
| AMGN | 0.0% | 0.4% | 0.4% |
| DE | 0.0% | 0.3% | 0.3% |
| SO | 0.0% | 0.3% | 0.3% |
| AAPL | 0.0% | 6.4% | 6.4% |
Where BNDX 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 | BNDX | JEPQ | Δ |
|---|---|---|---|
| Unclassified | 88.4% | 22.3% | +66.1pp |
| Information Technology | 0.1% | 37.9% | −37.8pp |
| Communication Services | 0.1% | 12.0% | −11.9pp |
| Consumer Discretionary | 0.2% | 10.0% | −9.7pp |
| Consumer Staples | 0.1% | 6.3% | −6.2pp |
| Health Care | 0.2% | 4.2% | −4.1pp |
| Sovereign | 2.3% | 0.0% | +2.3pp |
| Corporate — industrial & other | 2.0% | 0.0% | +2.0pp |
Δ is BNDX 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
98.6% of BNDX by weight, held in no part of JEPQ.
80.5% of JEPQ by weight, held in no part of BNDX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| BNDX | JEPQ | |
|---|---|---|
| Top 10 holdings | 24.4% | 40.0% |
| Positions held | 3,115 | 108 |
| Cost per $10,000 held, per year | $7 | $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 BNDX and JEPQ overlap?
BNDX and JEPQ overlap 1.4% by portfolio weight — largely distinct portfolios. They share 11 holdings. The figure comes from current issuer holdings files (BNDX as of 2026-06-30, JEPQ as of 2026-03-31).
How is the overlap between BNDX and JEPQ calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If BNDX 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 BNDX and JEPQ?
That depends on your goals — we state facts, not advice. At 1.4% overlap, each fund still contributes meaningfully distinct exposure.
What does BNDX own that JEPQ doesn't?
BNDX holds 3,115 positions and JEPQ holds 108; 3,104 of BNDX's positions don't appear in JEPQ at all, and they are 98.6% of BNDX by weight.
You probably hold more than two funds
This page compares BNDX and JEPQ. Paste your whole portfolio — brokerage, 401(k), IRA — and see the overlap across every fund at once, plus what you actually own underneath them and your own Effective Funds number. Free, no account, nothing stored.
X-ray my portfolio — free →Watch BNDX vs JEPQ
We re-read both funds’ published holdings every weeknight. Leave an address and we'll tell you when what's inside actually changes.
Not sending yet — email alerts are built but switched off, and you'll be among the first when they turn on. No spam, one-click unsubscribe.
Related comparisons
Sources: issuer holdings files, BNDX as of 2026-06-30, JEPQ as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.