IVVM vs. HELO

Last updated Jun 4, 2026

IVVM (iShares Large Cap Moderate Buffer ETF) and HELO (JPMorgan Hedged Equity Laddered Overlay ETF) are both Options Trading funds. Both are actively managed. Over the past year, IVVM returned 16.27% vs 11.08% for HELO. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.

Performance

IVVM vs. HELO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Large Cap Moderate Buffer ETF (IVVM) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVVM achieves a 5.95% return, which is significantly higher than HELO's 2.31% return.

IVVM

• 1D: -0.22%
• 1M: 1.95%
• YTD: 5.95%
• 6M: 6.15%
• 1Y: 16.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HELO

• 1D: -0.21%
• 1M: 0.59%
• YTD: 2.31%
• 6M: 2.92%
• 1Y: 11.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVVM vs. HELO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IVVM iShares Large Cap Moderate Buffer ETF	5.95%	14.24%	16.08%	6.12%
HELO JPMorgan Hedged Equity Laddered Overlay ETF	2.31%	7.82%	18.05%	6.30%

Correlation

The correlation between IVVM and HELO is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023	0.89

The correlation between IVVM and HELO has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

IVVM vs. HELO - Sectors Allocation Comparison

Sectors	IVVM	HELO
Technology	36.2%	39.8%
Financial Services	11.9%	10.0%
Communication Services	10.9%	10.9%
Consumer Cyclical	10.1%	11.6%
Healthcare	8.4%	8.2%
Industrials	8.1%	6.0%
Consumer Defensive	4.9%	3.5%
Energy	3.5%	3.3%
Utilities	2.3%	2.5%
Real Estate	1.9%	1.8%
Basic Materials	1.8%	1.5%

Return for Risk

IVVM vs. HELO — Risk / Return Rank

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

IVVM

IVVM Risk / Return Rank: 72
IVVM Sharpe Ratio Rank: 70
IVVM Sortino Ratio Rank: 73
IVVM Omega Ratio Rank: 79
IVVM Calmar Ratio Rank: 62
IVVM Martin Ratio Rank: 78

HELO

HELO Risk / Return Rank: 50
HELO Sharpe Ratio Rank: 51
HELO Sortino Ratio Rank: 51
HELO Omega Ratio Rank: 58
HELO Calmar Ratio Rank: 38
HELO Martin Ratio Rank: 50

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.

IVVM vs. HELO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Moderate Buffer ETF (IVVM) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO). 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.

	IVVM	HELO	Difference
Sharpe ratio: Return per unit of total volatility	2.32	1.79	+0.53
Sortino ratio: Return per unit of downside risk	3.33	2.53	+0.80
Omega ratio: Gain probability vs. loss probability	1.48	1.36	+0.12
Calmar ratio: Return relative to maximum drawdown	3.08	1.93	+1.15
Martin ratio: Return relative to average drawdown	15.34	8.55	+6.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVVM vs. HELO - Sharpe Ratio Comparison

The current IVVM Sharpe Ratio is 2.32, which is comparable to the HELO Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of IVVM and HELO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IVVM	HELO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	1.79	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	1.64	-0.14

Drawdowns

IVVM vs. HELO - Drawdown Comparison

The maximum IVVM drawdown since its inception was -11.62%, which is greater than HELO's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for IVVM and HELO.

Drawdown Indicators

	IVVM	HELO	Difference
Max Drawdown Largest peak-to-trough decline	-11.62%	-10.89%	-0.73%
Max Drawdown (1Y) Largest decline over 1 year	-5.31%	-5.76%	+0.45%
Current Drawdown Current decline from peak	-0.22%	-0.28%	+0.06%
Average Drawdown Average peak-to-trough decline	-0.92%	-1.18%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	1.30%	-0.24%

Volatility

IVVM vs. HELO - Volatility Comparison

iShares Large Cap Moderate Buffer ETF (IVVM) has a higher volatility of 0.76% compared to JPMorgan Hedged Equity Laddered Overlay ETF (HELO) at 0.70%. This indicates that IVVM's price experiences larger fluctuations and is considered to be riskier than HELO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVVM	HELO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.76%	0.70%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	5.62%	4.99%	+0.63%
Volatility (1Y) Calculated over the trailing 1-year period	7.04%	6.21%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.62%	7.96%	+1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.62%	7.96%	+1.66%

IVVM vs. HELO - Expense Ratio Comparison

Both IVVM and HELO have an expense ratio of 0.50%.

Dividends

IVVM vs. HELO - Dividend Comparison

IVVM's dividend yield for the trailing twelve months is around 0.65%, more than HELO's 0.62% yield.

Position	TTM	2025	2024	2023
HELO JPMorgan Hedged Equity Laddered Overlay ETF	0.62%	0.67%	0.60%	0.19%
IVVM iShares Large Cap Moderate Buffer ETF	0.65%	0.68%	0.62%	0.00%

Frequently Asked Questions

Can I hold both IVVM and HELO in my portfolio?

IVVM and HELO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVVM or HELO?

IVVM has higher volatility (0.76%) compared to HELO (0.70%). In terms of maximum drawdown, IVVM dropped -11.62% vs HELO's -10.89%.

Which ETF is better, IVVM or HELO?

On 1-year performance, IVVM leads with 16.27% vs 11.08% for HELO. Both ETFs have the same 0.50% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVVM or HELO?

Over the 1-year period, IVVM has performed better with a 16.27% return vs 11.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVVM or HELO?

IVVM and HELO have the same expense ratio: 0.50% per year.

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

IVVM has the higher dividend yield at 0.65%, compared with 0.62% for HELO.

What is the main difference between IVVM and HELO?

They also come from different issuers: iShares and JPMorgan.

Which has better risk-adjusted returns?

IVVM currently has the higher Sharpe Ratio (2.32 vs 1.79), 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.