JGRO vs. HELO

Last updated Jun 26, 2026

JGRO (JPMorgan Active Growth ETF) and HELO (JPMorgan Hedged Equity Laddered Overlay ETF) are both exchange-traded funds - JGRO is a Large Cap Growth Equities fund actively managed by JPMorgan, while HELO is a Options Trading fund actively managed by JPMorgan. Both are actively managed. Over the past year, JGRO returned 13.12% vs 8.36% for HELO. Their correlation of 0.86 suggests significant overlap in exposure. JGRO charges 0.44%/yr vs 0.50%/yr for HELO.

Performance

JGRO vs. HELO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active Growth ETF (JGRO) 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, JGRO achieves a 2.40% return, which is significantly higher than HELO's 1.19% return.

JGRO

• 1D: 0.12%
• 1M: -2.96%
• YTD: 2.40%
• 6M: 0.71%
• 1Y: 13.12%
• 3Y*: 20.85%
• 5Y*: —
• 10Y*: —

HELO

• 1D: -0.21%
• 1M: -1.08%
• YTD: 1.19%
• 6M: 0.25%
• 1Y: 8.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JGRO vs. HELO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JGRO JPMorgan Active Growth ETF	2.40%	14.71%	32.77%	13.45%
HELO JPMorgan Hedged Equity Laddered Overlay ETF	1.19%	7.82%	18.05%	5.25%

Correlation

The correlation between JGRO and HELO is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	0.86

The correlation between JGRO and HELO has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

Return for Risk

JGRO vs. HELO — Risk / Return Rank

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

JGRO

JGRO Risk / Return Rank: 22
JGRO Sharpe Ratio Rank: 24
JGRO Sortino Ratio Rank: 23
JGRO Omega Ratio Rank: 23
JGRO Calmar Ratio Rank: 20
JGRO Martin Ratio Rank: 21

HELO

HELO Risk / Return Rank: 41
HELO Sharpe Ratio Rank: 42
HELO Sortino Ratio Rank: 41
HELO Omega Ratio Rank: 45
HELO Calmar Ratio Rank: 32
HELO Martin Ratio Rank: 44

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.

JGRO vs. HELO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Growth ETF (JGRO) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JGRO	HELO	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.32	-0.51
Sortino ratio: Return per unit of downside risk	1.18	1.87	-0.69
Omega ratio: Gain probability vs. loss probability	1.15	1.26	-0.11
Calmar ratio: Return relative to maximum drawdown	0.80	1.46	-0.66
Martin ratio: Return relative to average drawdown	2.38	6.35	-3.97

JGRO vs. HELO - Sharpe Ratio Comparison

The current JGRO Sharpe Ratio is 0.81, which is lower than the HELO Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of JGRO 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.

Drawdowns

JGRO vs. HELO - Drawdown Comparison

The maximum JGRO drawdown since its inception was -22.70%, which is greater than HELO's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for JGRO and HELO.

Drawdown Indicators

	JGRO	HELO	Difference
Max Drawdown Largest peak-to-trough decline	-22.70%	-10.89%	-11.81%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-5.76%	-10.68%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	—	—
Current Drawdown Current decline from peak	-4.49%	-1.37%	-3.12%
Average Drawdown Average peak-to-trough decline	-4.83%	-1.18%	-3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.52%	1.32%	+4.20%

Volatility

JGRO vs. HELO - Volatility Comparison

JPMorgan Active Growth ETF (JGRO) has a higher volatility of 6.34% compared to JPMorgan Hedged Equity Laddered Overlay ETF (HELO) at 1.79%. This indicates that JGRO'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

	JGRO	HELO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.34%	1.79%	+4.55%
Volatility (6M) Calculated over the trailing 6-month period	12.51%	5.00%	+7.51%
Volatility (1Y) Calculated over the trailing 1-year period	16.33%	6.37%	+9.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.97%	7.96%	+12.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.97%	7.96%	+12.01%

JGRO vs. HELO - Expense Ratio Comparison

JGRO has a 0.44% expense ratio, which is lower than HELO's 0.50% expense ratio.

Dividends

JGRO vs. HELO - Dividend Comparison

JGRO's dividend yield for the trailing twelve months is around 0.15%, less than HELO's 0.64% yield.

Position	TTM	2025	2024	2023	2022
HELO JPMorgan Hedged Equity Laddered Overlay ETF	0.64%	0.67%	0.60%	0.19%	0.00%
JGRO JPMorgan Active Growth ETF	0.15%	0.16%	0.10%	0.17%	0.16%

Frequently Asked Questions

Can I hold both JGRO and HELO in my portfolio?

JGRO and HELO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JGRO or HELO?

JGRO has higher volatility (6.34%) compared to HELO (1.79%). In terms of maximum drawdown, JGRO dropped -22.70% vs HELO's -10.89%.

Which ETF is better, JGRO or HELO?

On 1-year performance, JGRO leads with 13.12% vs 8.36% for HELO. On fees, JGRO is cheaper at 0.44% per year. On volatility, HELO has been the lower-risk option at 1.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JGRO or HELO?

Over the 1-year period, JGRO has performed better with a 13.12% return vs 8.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JGRO or HELO?

JGRO is cheaper with a 0.44% expense ratio, compared with 0.50% for HELO.

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

HELO has the higher dividend yield at 0.64%, compared with 0.15% for JGRO.

What is the main difference between JGRO and HELO?

JGRO is categorized as Large Cap Growth Equities, while HELO is Options Trading. Their fees differ too: 0.44% for JGRO and 0.50% for HELO.

Which has better risk-adjusted returns?

HELO currently has the higher Sharpe Ratio (1.32 vs 0.81), 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.