HELO vs. NVII

Last updated Jul 15, 2026

HELO (JPMorgan Hedged Equity Laddered Overlay ETF) and NVII (REX NVIDIA Growth & Income ETF) are both exchange-traded funds - HELO is a Options Trading fund actively managed by JPMorgan, while NVII is a Derivative Income fund actively managed by REX. Both are actively managed. Over the past year, HELO returned 8.83% vs 37.08% for NVII. A 0.57 correlation means they provide meaningful diversification when combined. HELO charges 0.50%/yr vs 0.99%/yr for NVII.

Performance

HELO vs. NVII - Performance Comparison

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

Returns By Period

In the year-to-date period, HELO achieves a 2.86% return, which is significantly lower than NVII's 15.17% return.

HELO

• 1D: 0.21%
• 1M: 1.35%
• 6M: 1.96%
• YTD: 2.86%
• 1Y: 8.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVII

• 1D: 3.77%
• 1M: 4.97%
• 6M: 15.03%
• YTD: 15.17%
• 1Y: 37.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HELO vs. NVII - Yearly Performance Comparison

	2026 (YTD)	2025
HELO JPMorgan Hedged Equity Laddered Overlay ETF	2.86%	9.04%
NVII REX NVIDIA Growth & Income ETF	15.17%	47.63%

Correlation

The correlation between HELO and NVII is 0.56, 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	0.56
Correlation (All Time) Calculated using the full available price history since May 28, 2025	0.57

The correlation between HELO and NVII has been stable across timeframes, ranging from 0.56 to 0.57 - a consistent structural relationship.

Return for Risk

HELO vs. NVII — Risk / Return Rank

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

HELO

HELO Risk / Return Rank: 48
HELO Sharpe Ratio Rank: 49
HELO Sortino Ratio Rank: 48
HELO Omega Ratio Rank: 53
HELO Calmar Ratio Rank: 37
HELO Martin Ratio Rank: 49

NVII

NVII Risk / Return Rank: 37
NVII Sharpe Ratio Rank: 35
NVII Sortino Ratio Rank: 34
NVII Omega Ratio Rank: 33
NVII Calmar Ratio Rank: 50
NVII Martin Ratio Rank: 36

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.

HELO vs. NVII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Laddered Overlay ETF (HELO) and REX NVIDIA Growth & Income ETF (NVII). 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	NVII	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.02	+0.35
Sortino ratio: Return per unit of downside risk	1.95	1.51	+0.44
Omega ratio: Gain probability vs. loss probability	1.27	1.19	+0.08
Calmar ratio: Return relative to maximum drawdown	1.54	2.01	-0.47
Martin ratio: Return relative to average drawdown	6.67	4.39	+2.28

HELO vs. NVII - Sharpe Ratio Comparison

The current HELO Sharpe Ratio is 1.38, which is higher than the NVII Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of HELO and NVII, 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

HELO vs. NVII - Drawdown Comparison

The maximum HELO drawdown since its inception was -10.89%, smaller than the maximum NVII drawdown of -18.56%. Use the drawdown chart below to compare losses from any high point for HELO and NVII.

Drawdown Indicators

	HELO	NVII	Difference
Max Drawdown Largest peak-to-trough decline	-10.89%	-18.56%	+7.67%
Max Drawdown (1Y) Largest decline over 1 year	-5.76%	-18.56%	+12.80%
Current Drawdown Current decline from peak	-0.26%	-8.80%	+8.54%
Average Drawdown Average peak-to-trough decline	-1.17%	-6.21%	+5.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	8.47%	-7.14%

Volatility

HELO vs. NVII - Volatility Comparison

The current volatility for JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is 1.77%, while REX NVIDIA Growth & Income ETF (NVII) has a volatility of 10.97%. This indicates that HELO experiences smaller price fluctuations and is considered to be less risky than NVII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HELO	NVII	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.77%	10.97%	-9.20%
Volatility (6M) Calculated over the trailing 6-month period	5.03%	27.86%	-22.83%
Volatility (1Y) Calculated over the trailing 1-year period	6.44%	36.38%	-29.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.92%	35.59%	-27.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.92%	35.59%	-27.67%

HELO vs. NVII - Expense Ratio Comparison

HELO has a 0.50% expense ratio, which is lower than NVII's 0.99% expense ratio.

Dividends

HELO vs. NVII - Dividend Comparison

HELO's dividend yield for the trailing twelve months is around 0.63%, less than NVII's 55.39% yield.

Position	TTM	2025	2024	2023
HELO JPMorgan Hedged Equity Laddered Overlay ETF	0.63%	0.67%	0.60%	0.19%
NVII REX NVIDIA Growth & Income ETF	54.78%	29.17%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HELO and NVII in my portfolio?

HELO and NVII have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HELO or NVII?

NVII has higher volatility (10.97%) compared to HELO (1.77%). In terms of maximum drawdown, HELO dropped -10.89% vs NVII's -18.56%.

Which ETF is better, HELO or NVII?

On 1-year performance, NVII leads with 37.08% vs 8.83% for HELO. On fees, HELO is cheaper at 0.50% per year. On volatility, HELO has been the lower-risk option at 1.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HELO or NVII?

Over the 1-year period, NVII has performed better with a 37.08% return vs 8.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HELO or NVII?

HELO is cheaper with a 0.50% expense ratio, compared with 0.99% for NVII.

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

NVII has the higher dividend yield at 55.39%, compared with 0.63% for HELO.

What is the main difference between HELO and NVII?

HELO is categorized as Options Trading, while NVII is Derivative Income. They also come from different issuers: JPMorgan and REX. Their fees differ too: 0.50% for HELO and 0.99% for NVII.

Which has better risk-adjusted returns?

HELO currently has the higher Sharpe Ratio (1.38 vs 1.02), 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.