EALT vs. HELO

Last updated Apr 2, 2026

Compare and contrast key facts about Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO).

EALT and HELO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EALT is an actively managed fund by Innovator. It was launched on Sep 29, 2023. HELO is an actively managed fund by JPMorgan. It was launched on Sep 28, 2023.

Performance

EALT vs. HELO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO). The values are adjusted to include any dividend payments, if applicable.

EALT vs. HELO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EALT Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly	-4.36%	9.45%	18.02%	6.80%
HELO JPMorgan Hedged Equity Laddered Overlay ETF	-3.37%	7.82%	18.05%	6.06%

Returns By Period

In the year-to-date period, EALT achieves a -4.36% return, which is significantly lower than HELO's -3.37% return.

EALT

• 1D: 0.48%
• 1M: -5.23%
• YTD: -4.36%
• 6M: -2.54%
• 1Y: 9.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HELO

• 1D: 0.33%
• 1M: -3.72%
• YTD: -3.37%
• 6M: -1.18%
• 1Y: 7.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EALT vs. HELO - Expense Ratio Comparison

EALT has a 0.69% expense ratio, which is higher than HELO's 0.50% expense ratio.

EALT

Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

Return for Risk

EALT vs. HELO — Risk / Return Rank

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

EALT

EALT Risk / Return Rank: 44
EALT Sharpe Ratio Rank: 41
EALT Sortino Ratio Rank: 40
EALT Omega Ratio Rank: 45
EALT Calmar Ratio Rank: 43
EALT Martin Ratio Rank: 51

HELO

HELO Risk / Return Rank: 52
HELO Sharpe Ratio Rank: 49
HELO Sortino Ratio Rank: 49
HELO Omega Ratio Rank: 52
HELO Calmar Ratio Rank: 53
HELO Martin Ratio Rank: 55

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.

EALT vs. HELO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) 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.

	EALT	HELO	Difference
Sharpe ratio Return per unit of total volatility	0.81	0.93	-0.12
Sortino ratio Return per unit of downside risk	1.22	1.39	-0.17
Omega ratio Gain probability vs. loss probability	1.18	1.20	-0.02
Calmar ratio Return relative to maximum drawdown	1.22	1.42	-0.20
Martin ratio Return relative to average drawdown	5.38	5.66	-0.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EALT vs. HELO - Sharpe Ratio Comparison

The current EALT Sharpe Ratio is 0.81, which is comparable to the HELO Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of EALT and HELO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EALT	HELO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	0.93	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	1.40	-0.26

Correlation

The correlation between EALT and HELO is 0.92, 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.

Dividends

EALT vs. HELO - Dividend Comparison

EALT has not paid dividends to shareholders, while HELO's dividend yield for the trailing twelve months is around 0.66%.

	TTM	2025	2024	2023
EALT Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly	0.00%	0.00%	0.00%	0.00%
HELO JPMorgan Hedged Equity Laddered Overlay ETF	0.66%	0.67%	0.60%	0.19%

Drawdowns

EALT vs. HELO - Drawdown Comparison

The maximum EALT drawdown since its inception was -14.76%, which is greater than HELO's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for EALT and HELO.

Drawdown Indicators

	EALT	HELO	Difference
Max Drawdown Largest peak-to-trough decline	-14.76%	-10.89%	-3.87%
Max Drawdown (1Y) Largest decline over 1 year	-8.01%	-5.76%	-2.25%
Current Drawdown Current decline from peak	-6.02%	-4.58%	-1.44%
Average Drawdown Average peak-to-trough decline	-1.61%	-1.22%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	1.44%	+0.38%

Volatility

EALT vs. HELO - Volatility Comparison

Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO) have volatilities of 2.70% and 2.67%, 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.

Volatility by Period

	EALT	HELO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	2.67%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	6.51%	5.39%	+1.12%
Volatility (1Y) Calculated over the trailing 1-year period	11.74%	8.58%	+3.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.36%	8.13%	+2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.36%	8.13%	+2.23%