HELO vs. PHEQ
Compare and contrast key facts about JPMorgan Hedged Equity Laddered Overlay ETF (HELO) and Parametric Hedged Equity ETF (PHEQ).
HELO and PHEQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HELO is an actively managed fund by JPMorgan Chase. It was launched on Sep 28, 2023. PHEQ is an actively managed fund by Parametric. It was launched on Oct 16, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HELO or PHEQ.
Correlation
The correlation between HELO and PHEQ is 0.70, 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
HELO vs. PHEQ - Performance Comparison
Key characteristics
HELO:
0.63
PHEQ:
0.39
HELO:
0.93
PHEQ:
0.60
HELO:
1.13
PHEQ:
1.10
HELO:
0.57
PHEQ:
0.34
HELO:
2.42
PHEQ:
1.61
HELO:
2.57%
PHEQ:
2.67%
HELO:
9.90%
PHEQ:
11.13%
HELO:
-10.89%
PHEQ:
-12.55%
HELO:
-8.82%
PHEQ:
-9.52%
Returns By Period
The year-to-date returns for both stocks are quite close, with HELO having a -6.38% return and PHEQ slightly lower at -6.45%.
HELO
-6.38%
-3.85%
-6.12%
7.47%
N/A
N/A
PHEQ
-6.45%
-4.60%
-4.13%
5.07%
N/A
N/A
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HELO vs. PHEQ - Expense Ratio Comparison
HELO has a 0.50% expense ratio, which is higher than PHEQ's 0.29% expense ratio.
Risk-Adjusted Performance
HELO vs. PHEQ — Risk-Adjusted Performance Rank
HELO
PHEQ
HELO vs. PHEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Laddered Overlay ETF (HELO) and Parametric Hedged Equity ETF (PHEQ). 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
HELO vs. PHEQ - Dividend Comparison
HELO's dividend yield for the trailing twelve months is around 0.70%, less than PHEQ's 1.55% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
HELO JPMorgan Hedged Equity Laddered Overlay ETF | 0.70% | 0.60% | 0.19% |
PHEQ Parametric Hedged Equity ETF | 1.55% | 1.40% | 1.72% |
Drawdowns
HELO vs. PHEQ - Drawdown Comparison
The maximum HELO drawdown since its inception was -10.89%, smaller than the maximum PHEQ drawdown of -12.55%. Use the drawdown chart below to compare losses from any high point for HELO and PHEQ. For additional features, visit the drawdowns tool.
Volatility
HELO vs. PHEQ - Volatility Comparison
The current volatility for JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is 5.81%, while Parametric Hedged Equity ETF (PHEQ) has a volatility of 8.56%. This indicates that HELO experiences smaller price fluctuations and is considered to be less risky than PHEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.