Correlation
The correlation between HELO and SPLG is 0.93, 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.
HELO vs. SPLG
Compare and contrast key facts about JPMorgan Hedged Equity Laddered Overlay ETF (HELO) and SPDR Portfolio S&P 500 ETF (SPLG).
HELO and SPLG 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. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HELO or SPLG.
Performance
HELO vs. SPLG - Performance Comparison
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Key characteristics
HELO:
0.89
SPLG:
0.73
HELO:
1.13
SPLG:
1.04
HELO:
1.16
SPLG:
1.15
HELO:
0.71
SPLG:
0.68
HELO:
2.39
SPLG:
2.58
HELO:
3.22%
SPLG:
4.93%
HELO:
10.02%
SPLG:
19.61%
HELO:
-10.89%
SPLG:
-54.52%
HELO:
-3.72%
SPLG:
-3.53%
Returns By Period
In the year-to-date period, HELO achieves a -1.15% return, which is significantly lower than SPLG's 0.89% return.
HELO
-1.15%
2.84%
-2.48%
8.04%
N/A
N/A
N/A
SPLG
0.89%
5.54%
-1.55%
13.29%
14.31%
15.91%
12.72%
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HELO vs. SPLG - Expense Ratio Comparison
HELO has a 0.50% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
HELO vs. SPLG — Risk-Adjusted Performance Rank
HELO
SPLG
HELO vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Laddered Overlay ETF (HELO) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
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Dividends
HELO vs. SPLG - Dividend Comparison
HELO's dividend yield for the trailing twelve months is around 0.66%, less than SPLG's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HELO JPMorgan Hedged Equity Laddered Overlay ETF | 0.66% | 0.60% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLG SPDR Portfolio S&P 500 ETF | 1.29% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
HELO vs. SPLG - Drawdown Comparison
The maximum HELO drawdown since its inception was -10.89%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for HELO and SPLG.
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Volatility
HELO vs. SPLG - Volatility Comparison
The current volatility for JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is 2.70%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 4.80%. This indicates that HELO experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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