HELO vs. SPY
Compare and contrast key facts about JPMorgan Hedged Equity Laddered Overlay ETF (HELO) and SPDR S&P 500 ETF (SPY).
HELO and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HELO or SPY.
Performance
HELO vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, HELO achieves a 18.31% return, which is significantly lower than SPY's 24.91% return.
HELO
18.31%
0.50%
9.25%
20.80%
N/A
N/A
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| HELO | SPY | |
|---|---|---|
| Sharpe Ratio | 3.03 | 2.67 |
| Sortino Ratio | 4.30 | 3.56 |
| Omega Ratio | 1.64 | 1.50 |
| Calmar Ratio | 5.03 | 3.85 |
| Martin Ratio | 24.33 | 17.38 |
| Ulcer Index | 0.86% | 1.86% |
| Daily Std Dev | 6.92% | 12.17% |
| Max Drawdown | -4.16% | -55.19% |
| Current Drawdown | -0.94% | -1.77% |
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HELO vs. SPY - Expense Ratio Comparison
HELO has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between HELO and SPY 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.
Risk-Adjusted Performance
HELO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Laddered Overlay ETF (HELO) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
HELO's dividend yield for the trailing twelve months is around 0.52%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HELO JPMorgan Hedged Equity Laddered Overlay ETF | 0.52% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HELO vs. SPY - Drawdown Comparison
The maximum HELO drawdown since its inception was -4.16%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HELO and SPY. For additional features, visit the drawdowns tool.
Volatility
HELO vs. SPY - Volatility Comparison
The current volatility for JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is 2.59%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that HELO experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.