BJUL vs. HELO
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - July (BJUL) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO).
BJUL and HELO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BJUL is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index July. It was launched on Aug 29, 2018. HELO is an actively managed fund by JPMorgan Chase. It was launched on Sep 28, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BJUL or HELO.
Correlation
The correlation between BJUL and HELO is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BJUL vs. HELO - Performance Comparison
Key characteristics
BJUL:
2.41
HELO:
2.68
BJUL:
3.24
HELO:
3.69
BJUL:
1.48
HELO:
1.56
BJUL:
3.34
HELO:
4.64
BJUL:
16.86
HELO:
21.56
BJUL:
1.20%
HELO:
0.90%
BJUL:
8.43%
HELO:
7.22%
BJUL:
-24.03%
HELO:
-4.16%
BJUL:
-0.99%
HELO:
-1.09%
Returns By Period
The year-to-date returns for both stocks are quite close, with BJUL having a 19.51% return and HELO slightly lower at 19.01%.
BJUL
19.51%
0.38%
7.89%
20.11%
10.28%
N/A
HELO
19.01%
0.06%
7.70%
19.21%
N/A
N/A
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BJUL vs. HELO - Expense Ratio Comparison
BJUL has a 0.79% expense ratio, which is higher than HELO's 0.50% expense ratio.
Risk-Adjusted Performance
BJUL vs. HELO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - July (BJUL) 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.
Dividends
BJUL vs. HELO - Dividend Comparison
BJUL has not paid dividends to shareholders, while HELO's dividend yield for the trailing twelve months is around 0.35%.
| TTM | 2023 | |
|---|---|---|
BJUL Innovator U.S. Equity Buffer ETF - July | 0.00% | 0.00% |
HELO JPMorgan Hedged Equity Laddered Overlay ETF | 0.35% | 0.19% |
Drawdowns
BJUL vs. HELO - Drawdown Comparison
The maximum BJUL drawdown since its inception was -24.03%, which is greater than HELO's maximum drawdown of -4.16%. Use the drawdown chart below to compare losses from any high point for BJUL and HELO. For additional features, visit the drawdowns tool.
Volatility
BJUL vs. HELO - Volatility Comparison
Innovator U.S. Equity Buffer ETF - July (BJUL) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO) have volatilities of 2.30% and 2.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.