HELO vs. JMOM
HELO (JPMorgan Hedged Equity Laddered Overlay ETF) and JMOM (JPMorgan U.S. Momentum Factor ETF) are both exchange-traded funds - HELO is a Options Trading fund actively managed by JPMorgan, while JMOM is a Momentum fund tracking the JP Morgan US Momentum Factor Index. HELO is actively managed, while JMOM is passively managed. Over the past year, HELO returned 10.81% vs 30.77% for JMOM. Their correlation of 0.83 means they have usually moved in the same direction. HELO charges 0.50%/yr vs 0.12%/yr for JMOM.
Performance
HELO vs. JMOM - Performance Comparison
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Returns By Period
In the year-to-date period, HELO achieves a 5.04% return, which is significantly lower than JMOM's 23.97% return.
HELO
- 1D
- 0.83%
- 1M
- 2.96%
- 6M
- 4.31%
- YTD
- 5.04%
- 1Y
- 10.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.74%
JMOM
- 1D
- 2.85%
- 1M
- 1.19%
- 6M
- 20.23%
- YTD
- 23.97%
- 1Y
- 30.77%
- 3Y*
- 26.72%
- 5Y*
- 14.36%
- 10Y*
- —
- ALL TIME*
- 16.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.02M | $35.24M | $27.89M | |
| $12.38M | $12.12M | $9.48M |
HELO vs. JMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HELO JPMorgan Hedged Equity Laddered Overlay ETF | 5.04% | 7.82% | 18.05% | 5.25% |
JMOM JPMorgan U.S. Momentum Factor ETF | 23.97% | 18.02% | 28.47% | 11.22% |
Correlation
The correlation between HELO and JMOM is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023 | 0.83 |
The correlation between HELO and JMOM has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
HELO vs. JMOM — Risk / Return Rank
HELO
JMOM
HELO vs. JMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Laddered Overlay ETF (HELO) and JPMorgan U.S. Momentum Factor ETF (JMOM). 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.
| HELO | JMOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.86 | -1.97 |
| Martin ratioReturn relative to average drawdown | 8.09 | 14.24 | -6.15 |
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Drawdowns
HELO vs. JMOM - Drawdown Comparison
The maximum HELO drawdown since its inception was -10.89%, smaller than the maximum JMOM drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for HELO and JMOM.
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Drawdown Indicators
| HELO | JMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.89% | -34.31% | +23.42% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -8.02% | +2.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.51% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.26% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.50% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -6.25% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 2.17% | -0.83% |
Volatility
HELO vs. JMOM - Volatility Comparison
The current volatility for JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is 2.70%, while JPMorgan U.S. Momentum Factor ETF (JMOM) has a volatility of 6.06%. This indicates that HELO experiences smaller price fluctuations and is considered to be less risky than JMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HELO | JMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 6.06% | -3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 5.28% | 14.25% | -8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 16.73% | -9.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.98% | 19.04% | -11.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.98% | 20.19% | -12.21% |
HELO vs. JMOM - Expense Ratio Comparison
HELO has a 0.50% expense ratio, which is higher than JMOM's 0.12% expense ratio.
Dividends
HELO vs. JMOM - Dividend Comparison
HELO's dividend yield for the trailing twelve months is around 0.62%, less than JMOM's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HELO JPMorgan Hedged Equity Laddered Overlay ETF | 0.62% | 0.67% | 0.60% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JMOM JPMorgan U.S. Momentum Factor ETF | 0.72% | 0.86% | 0.75% | 1.21% | 1.39% | 0.64% | 0.85% | 1.11% | 1.38% | 0.29% |
Frequently Asked Questions
HELO and JMOM have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMOM has higher volatility (6.06%) compared to HELO (2.70%). In terms of maximum drawdown, HELO dropped -10.89% vs JMOM's -34.31%.
On 1-year performance, JMOM leads with 30.77% vs 10.81% for HELO. On fees, JMOM is cheaper at 0.12% per year. On volatility, HELO has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JMOM has performed better with a 30.77% return vs 10.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JMOM is cheaper with a 0.12% expense ratio, compared with 0.50% for HELO.
JMOM has the higher dividend yield at 0.72%, compared with 0.62% for HELO.
HELO is categorized as Options Trading, while JMOM is Momentum. Their fees differ too: 0.50% for HELO and 0.12% for JMOM.
JMOM currently has the higher Sharpe Ratio (1.85 vs 1.59), 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.
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