BBIN vs. HELO

Last updated Jun 25, 2026

BBIN (JPMorgan BetaBuilders International Equity ETF) and HELO (JPMorgan Hedged Equity Laddered Overlay ETF) are both exchange-traded funds - BBIN is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-North America Target Market Exposure Index, while HELO is a Options Trading fund actively managed by JPMorgan. BBIN is passively managed, while HELO is actively managed. Over the past year, BBIN returned 20.14% vs 8.59% for HELO. A 0.64 correlation means they provide meaningful diversification when combined. BBIN charges 0.07%/yr vs 0.50%/yr for HELO.

Performance

BBIN vs. HELO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders International Equity ETF (BBIN) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBIN achieves a 8.04% return, which is significantly higher than HELO's 1.40% return.

BBIN

• 1D: -0.21%
• 1M: -0.28%
• YTD: 8.04%
• 6M: 7.27%
• 1Y: 20.14%
• 3Y*: 16.63%
• 5Y*: 8.56%
• 10Y*: —

HELO

• 1D: -0.06%
• 1M: -0.68%
• YTD: 1.40%
• 6M: 0.46%
• 1Y: 8.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBIN vs. HELO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBIN JPMorgan BetaBuilders International Equity ETF	8.04%	31.86%	3.65%	10.14%
HELO JPMorgan Hedged Equity Laddered Overlay ETF	1.40%	7.82%	18.05%	5.25%

Correlation

The correlation between BBIN and HELO is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	0.64

The correlation between BBIN and HELO has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.

Return for Risk

BBIN vs. HELO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBIN

BBIN Risk / Return Rank: 40
BBIN Sharpe Ratio Rank: 39
BBIN Sortino Ratio Rank: 39
BBIN Omega Ratio Rank: 38
BBIN Calmar Ratio Rank: 38
BBIN Martin Ratio Rank: 44

HELO

HELO Risk / Return Rank: 41
HELO Sharpe Ratio Rank: 42
HELO Sortino Ratio Rank: 41
HELO Omega Ratio Rank: 45
HELO Calmar Ratio Rank: 32
HELO Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBIN vs. HELO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders International Equity ETF (BBIN) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BBIN	HELO	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.35	-0.09
Sortino ratio: Return per unit of downside risk	1.86	1.92	-0.06
Omega ratio: Gain probability vs. loss probability	1.23	1.27	-0.04
Calmar ratio: Return relative to maximum drawdown	1.75	1.50	+0.25
Martin ratio: Return relative to average drawdown	6.45	6.53	-0.08

BBIN vs. HELO - Sharpe Ratio Comparison

The current BBIN Sharpe Ratio is 1.27, which is comparable to the HELO Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of BBIN and HELO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBIN vs. HELO - Drawdown Comparison

The maximum BBIN drawdown since its inception was -33.37%, which is greater than HELO's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for BBIN and HELO.

Drawdown Indicators

	BBIN	HELO	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-10.89%	-22.48%
Max Drawdown (1Y) Largest decline over 1 year	-11.57%	-5.76%	-5.81%
Max Drawdown (3Y) Largest decline over 3 years	-13.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.24%	—	—
Current Drawdown Current decline from peak	-2.32%	-1.17%	-1.15%
Average Drawdown Average peak-to-trough decline	-6.26%	-1.18%	-5.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	1.32%	+1.81%

Volatility

BBIN vs. HELO - Volatility Comparison

JPMorgan BetaBuilders International Equity ETF (BBIN) has a higher volatility of 5.13% compared to JPMorgan Hedged Equity Laddered Overlay ETF (HELO) at 1.79%. This indicates that BBIN's price experiences larger fluctuations and is considered to be riskier than HELO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBIN	HELO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	1.79%	+3.34%
Volatility (6M) Calculated over the trailing 6-month period	13.48%	5.02%	+8.46%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	6.38%	+9.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.66%	7.97%	+8.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.13%	7.97%	+11.16%

BBIN vs. HELO - Expense Ratio Comparison

BBIN has a 0.07% expense ratio, which is lower than HELO's 0.50% expense ratio.

Dividends

BBIN vs. HELO - Dividend Comparison

BBIN's dividend yield for the trailing twelve months is around 3.73%, more than HELO's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBIN JPMorgan BetaBuilders International Equity ETF	3.73%	3.87%	3.41%	3.20%	2.83%	3.54%	1.07%	0.09%
HELO JPMorgan Hedged Equity Laddered Overlay ETF	0.64%	0.67%	0.60%	0.19%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBIN and HELO in my portfolio?

BBIN and HELO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBIN or HELO?

BBIN has higher volatility (5.13%) compared to HELO (1.79%). In terms of maximum drawdown, BBIN dropped -33.37% vs HELO's -10.89%.

Which ETF is better, BBIN or HELO?

On 1-year performance, BBIN leads with 20.14% vs 8.59% for HELO. On fees, BBIN is cheaper at 0.07% per year. On volatility, HELO has been the lower-risk option at 1.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBIN or HELO?

Over the 1-year period, BBIN has performed better with a 20.14% return vs 8.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBIN or HELO?

BBIN is cheaper with a 0.07% expense ratio, compared with 0.50% for HELO.

Which ETF pays a higher dividend yield, BBIN or HELO?

BBIN has the higher dividend yield at 3.73%, compared with 0.64% for HELO.

What is the main difference between BBIN and HELO?

BBIN is categorized as Foreign Large Cap Equities, while HELO is Options Trading. Their fees differ too: 0.07% for BBIN and 0.50% for HELO.

Which has better risk-adjusted returns?

HELO currently has the higher Sharpe Ratio (1.35 vs 1.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.