JIG vs. HELO

Last updated Jun 5, 2026

JIG (JPMorgan International Growth ETF) and HELO (JPMorgan Hedged Equity Laddered Overlay ETF) are both exchange-traded funds - JIG is a Foreign Large Cap 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, JIG returned 24.71% vs 10.94% for HELO. A 0.70 correlation means they provide meaningful diversification when combined. JIG charges 0.55%/yr vs 0.50%/yr for HELO.

Performance

JIG vs. HELO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan International Growth ETF (JIG) 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, JIG achieves a 16.35% return, which is significantly higher than HELO's 2.26% return.

JIG

• 1D: 0.59%
• 1M: 4.04%
• YTD: 16.35%
• 6M: 16.73%
• 1Y: 24.71%
• 3Y*: 15.50%
• 5Y*: 3.68%
• 10Y*: —

HELO

• 1D: -0.04%
• 1M: 0.46%
• YTD: 2.26%
• 6M: 2.72%
• 1Y: 10.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JIG vs. HELO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JIG JPMorgan International Growth ETF	16.35%	20.10%	8.84%	10.93%
HELO JPMorgan Hedged Equity Laddered Overlay ETF	2.26%	7.82%	18.05%	6.30%

Correlation

The correlation between JIG and HELO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023	0.70

The correlation between JIG and HELO has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.

JIG vs. HELO - Sectors Allocation Comparison

Sectors	JIG	HELO
Technology	23.0%	39.8%
Industrials	18.6%	6.0%
Consumer Cyclical	8.1%	11.6%
Financial Services	7.0%	10.0%
Basic Materials	3.8%	1.5%
Healthcare	3.1%	8.2%
Communication Services	2.7%	10.9%
Utilities	2.6%	2.5%
Consumer Defensive	0.8%	3.5%
Energy	0.7%	3.3%
Real Estate	0.6%	1.8%

Return for Risk

JIG vs. HELO — Risk / Return Rank

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

JIG

JIG Risk / Return Rank: 40
JIG Sharpe Ratio Rank: 38
JIG Sortino Ratio Rank: 38
JIG Omega Ratio Rank: 39
JIG Calmar Ratio Rank: 40
JIG Martin Ratio Rank: 45

HELO

HELO Risk / Return Rank: 51
HELO Sharpe Ratio Rank: 53
HELO Sortino Ratio Rank: 52
HELO Omega Ratio Rank: 59
HELO Calmar Ratio Rank: 39
HELO Martin Ratio Rank: 51

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.

JIG vs. HELO - Risk-Adjusted Trends Comparison

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

	JIG	HELO	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.77	-0.43
Sortino ratio: Return per unit of downside risk	1.94	2.50	-0.56
Omega ratio: Gain probability vs. loss probability	1.25	1.36	-0.11
Calmar ratio: Return relative to maximum drawdown	1.92	1.91	+0.01
Martin ratio: Return relative to average drawdown	7.28	8.44	-1.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JIG vs. HELO - Sharpe Ratio Comparison

The current JIG Sharpe Ratio is 1.34, which is comparable to the HELO Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of JIG 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

	JIG	HELO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	1.77	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	1.63	-1.10

Drawdowns

JIG vs. HELO - Drawdown Comparison

The maximum JIG drawdown since its inception was -43.75%, which is greater than HELO's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for JIG and HELO.

Drawdown Indicators

	JIG	HELO	Difference
Max Drawdown Largest peak-to-trough decline	-43.75%	-10.89%	-32.86%
Max Drawdown (1Y) Largest decline over 1 year	-12.94%	-5.76%	-7.18%
Max Drawdown (3Y) Largest decline over 3 years	-16.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.75%	—	—
Current Drawdown Current decline from peak	-0.69%	-0.32%	-0.37%
Average Drawdown Average peak-to-trough decline	-16.78%	-1.18%	-15.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	1.30%	+2.10%

Volatility

JIG vs. HELO - Volatility Comparison

JPMorgan International Growth ETF (JIG) has a higher volatility of 7.07% compared to JPMorgan Hedged Equity Laddered Overlay ETF (HELO) at 0.70%. This indicates that JIG'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

	JIG	HELO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.07%	0.70%	+6.37%
Volatility (6M) Calculated over the trailing 6-month period	16.13%	4.99%	+11.14%
Volatility (1Y) Calculated over the trailing 1-year period	18.50%	6.20%	+12.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.95%	7.95%	+11.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.03%	7.95%	+11.08%

JIG vs. HELO - Expense Ratio Comparison

JIG has a 0.55% expense ratio, which is higher than HELO's 0.50% expense ratio.

Dividends

JIG vs. HELO - Dividend Comparison

JIG's dividend yield for the trailing twelve months is around 1.93%, more than HELO's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
HELO JPMorgan Hedged Equity Laddered Overlay ETF	0.62%	0.67%	0.60%	0.19%	0.00%	0.00%	0.00%
JIG JPMorgan International Growth ETF	1.93%	2.25%	1.70%	1.69%	0.91%	1.35%	0.04%

Frequently Asked Questions

Can I hold both JIG and HELO in my portfolio?

JIG and HELO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JIG or HELO?

JIG has higher volatility (7.07%) compared to HELO (0.70%). In terms of maximum drawdown, JIG dropped -43.75% vs HELO's -10.89%.

Which ETF is better, JIG or HELO?

On 1-year performance, JIG leads with 24.71% vs 10.94% for HELO. On fees, HELO is cheaper at 0.50% per year. On volatility, HELO has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JIG or HELO?

Over the 1-year period, JIG has performed better with a 24.71% return vs 10.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JIG or HELO?

HELO is cheaper with a 0.50% expense ratio, compared with 0.55% for JIG.

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

JIG has the higher dividend yield at 1.93%, compared with 0.62% for HELO.

What is the main difference between JIG and HELO?

JIG is categorized as Foreign Large Cap Equities, while HELO is Options Trading. Their fees differ too: 0.55% for JIG and 0.50% for HELO.

Which has better risk-adjusted returns?

HELO currently has the higher Sharpe Ratio (1.77 vs 1.34), 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.