BSV vs JEPI: 1% overlap
Vanguard Short-Term Bond ETF and JPMorgan Equity Premium Income ETF share 0.7% 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 — JEPI 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
BSV and JEPI hold 1 of the same securities. The ten contributing most to the overlap figure:
| Holding | in BSV | in JEPI | Δ |
|---|---|---|---|
| CASH | 0.7% | 1.2% | 0.5% |
Where BSV 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 | BSV | JEPI | Δ |
|---|---|---|---|
| Treasuries | 69.4% | 0.0% | +69.4pp |
| Unclassified | 0.2% | 19.6% | −19.3pp |
| Information Technology | 0.0% | 13.5% | −13.5pp |
| Corporate — industrial & other | 12.6% | 0.0% | +12.6pp |
| Health Care | 0.0% | 11.6% | −11.6pp |
| Consumer Discretionary | 0.0% | 10.2% | −10.2pp |
| Industrials | 0.0% | 8.9% | −8.9pp |
| Consumer Staples | 0.0% | 7.8% | −7.8pp |
Δ is BSV 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
99.3% of BSV by weight, held in no part of JEPI.
98.4% of JEPI by weight, held in no part of BSV.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| BSV | JEPI | |
|---|---|---|
| Top 10 holdings | 73.8% | 15.7% |
| Positions held | 960 | 120 |
| Cost per $10,000 held, per year | $3 | $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 BSV and JEPI overlap?
BSV and JEPI overlap 0.7% by portfolio weight — largely distinct portfolios. They share 1 holdings. The figure comes from current issuer holdings files (BSV as of 2026-06-30, JEPI as of 2026-03-31).
How is the overlap between BSV and JEPI calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If BSV 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 BSV and JEPI?
That depends on your goals — we state facts, not advice. At 0.7% overlap, each fund still contributes meaningfully distinct exposure.
What does BSV own that JEPI doesn't?
BSV holds 960 positions and JEPI holds 120; 959 of BSV's positions don't appear in JEPI at all, and they are 99.3% of BSV by weight.
You probably hold more than two funds
This page compares BSV and JEPI. 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 BSV vs JEPI
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, BSV as of 2026-06-30, JEPI as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.