HELO vs. UPRO
Compare and contrast key facts about JPMorgan Hedged Equity Laddered Overlay ETF (HELO) and ProShares UltraPro S&P 500 (UPRO).
HELO and UPRO 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. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HELO or UPRO.
Key characteristics
| HELO | UPRO | |
|---|---|---|
| YTD Return | 19.43% | 76.62% |
| 1Y Return | 23.54% | 119.91% |
| Sharpe Ratio | 3.60 | 3.54 |
| Sortino Ratio | 5.19 | 3.73 |
| Omega Ratio | 1.78 | 1.52 |
| Calmar Ratio | 6.03 | 3.04 |
| Martin Ratio | 29.35 | 21.57 |
| Ulcer Index | 0.86% | 6.03% |
| Daily Std Dev | 6.90% | 36.56% |
| Max Drawdown | -4.16% | -76.82% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between HELO and UPRO 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.
Performance
HELO vs. UPRO - Performance Comparison
In the year-to-date period, HELO achieves a 19.43% return, which is significantly lower than UPRO's 76.62% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HELO vs. UPRO - Expense Ratio Comparison
HELO has a 0.50% expense ratio, which is lower than UPRO's 0.92% expense ratio.
Risk-Adjusted Performance
HELO vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Laddered Overlay ETF (HELO) and ProShares UltraPro S&P 500 (UPRO). 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. UPRO - Dividend Comparison
HELO's dividend yield for the trailing twelve months is around 0.51%, less than UPRO's 0.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HELO JPMorgan Hedged Equity Laddered Overlay ETF | 0.51% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 0.71% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
HELO vs. UPRO - Drawdown Comparison
The maximum HELO drawdown since its inception was -4.16%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for HELO and UPRO. For additional features, visit the drawdowns tool.
Volatility
HELO vs. UPRO - Volatility Comparison
The current volatility for JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is 2.41%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 11.76%. This indicates that HELO experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.