JMOM vs. HELO

Last updated Jun 5, 2026

JMOM (JPMorgan U.S. Momentum Factor ETF) and HELO (JPMorgan Hedged Equity Laddered Overlay ETF) are both exchange-traded funds - JMOM is a Momentum fund tracking the JP Morgan US Momentum Factor Index, while HELO is a Options Trading fund actively managed by JPMorgan. JMOM is passively managed, while HELO is actively managed. Over the past year, JMOM returned 36.34% vs 10.94% for HELO. Their correlation of 0.84 suggests significant overlap in exposure. JMOM charges 0.12%/yr vs 0.50%/yr for HELO.

Performance

JMOM vs. HELO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Momentum Factor ETF (JMOM) 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, JMOM achieves a 22.57% return, which is significantly higher than HELO's 2.26% return.

JMOM

• 1D: -0.18%
• 1M: 7.73%
• YTD: 22.57%
• 6M: 21.71%
• 1Y: 36.34%
• 3Y*: 28.46%
• 5Y*: 16.24%
• 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)

JMOM vs. HELO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JMOM JPMorgan U.S. Momentum Factor ETF	22.57%	18.02%	28.47%	11.82%
HELO JPMorgan Hedged Equity Laddered Overlay ETF	2.26%	7.82%	18.05%	6.30%

Correlation

The correlation between JMOM and HELO is 0.80, 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	0.80
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023	0.84

The correlation between JMOM and HELO has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

JMOM vs. HELO - Sectors Allocation Comparison

Sectors	JMOM	HELO
Technology	38.1%	39.8%
Industrials	12.8%	6.0%
Financial Services	9.6%	10.0%
Healthcare	8.7%	8.2%
Communication Services	8.3%	10.9%
Consumer Cyclical	6.9%	11.6%
Consumer Defensive	5.7%	3.5%
Energy	3.8%	3.3%
Real Estate	2.5%	1.8%
Utilities	2.3%	2.5%
Basic Materials	1.3%	1.5%

Return for Risk

JMOM vs. HELO — Risk / Return Rank

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

JMOM

JMOM Risk / Return Rank: 82
JMOM Sharpe Ratio Rank: 80
JMOM Sortino Ratio Rank: 79
JMOM Omega Ratio Rank: 76
JMOM Calmar Ratio Rank: 85
JMOM Martin Ratio Rank: 91

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.

JMOM vs. HELO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Momentum Factor ETF (JMOM) 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.

	JMOM	HELO	Difference
Sharpe ratio: Return per unit of total volatility	2.55	1.77	+0.78
Sortino ratio: Return per unit of downside risk	3.51	2.50	+1.01
Omega ratio: Gain probability vs. loss probability	1.45	1.36	+0.09
Calmar ratio: Return relative to maximum drawdown	4.64	1.91	+2.73
Martin ratio: Return relative to average drawdown	21.99	8.44	+13.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMOM vs. HELO - Sharpe Ratio Comparison

The current JMOM Sharpe Ratio is 2.55, which is higher than the HELO Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of JMOM 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

	JMOM	HELO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	1.77	+0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	1.63	-0.81

Drawdowns

JMOM vs. HELO - Drawdown Comparison

The maximum JMOM drawdown since its inception was -34.31%, which is greater than HELO's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for JMOM and HELO.

Drawdown Indicators

	JMOM	HELO	Difference
Max Drawdown Largest peak-to-trough decline	-34.31%	-10.89%	-23.42%
Max Drawdown (1Y) Largest decline over 1 year	-7.87%	-5.76%	-2.11%
Max Drawdown (3Y) Largest decline over 3 years	-19.51%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.26%	—	—
Current Drawdown Current decline from peak	-0.35%	-0.32%	-0.03%
Average Drawdown Average peak-to-trough decline	-6.31%	-1.18%	-5.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	1.30%	+0.36%

Volatility

JMOM vs. HELO - Volatility Comparison

JPMorgan U.S. Momentum Factor ETF (JMOM) has a higher volatility of 4.56% compared to JPMorgan Hedged Equity Laddered Overlay ETF (HELO) at 0.70%. This indicates that JMOM'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

	JMOM	HELO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	0.70%	+3.86%
Volatility (6M) Calculated over the trailing 6-month period	11.56%	4.99%	+6.57%
Volatility (1Y) Calculated over the trailing 1-year period	14.31%	6.20%	+8.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.65%	7.95%	+10.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.13%	7.95%	+12.18%

JMOM vs. HELO - Expense Ratio Comparison

JMOM has a 0.12% expense ratio, which is lower than HELO's 0.50% expense ratio.

Dividends

JMOM vs. HELO - Dividend Comparison

JMOM's dividend yield for the trailing twelve months is around 0.72%, more than HELO's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HELO JPMorgan Hedged Equity Laddered Overlay ETF	0.62%	0.67%	0.60%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JMOM JPMorgan U.S. Momentum Factor ETF	0.72%	0.86%	0.75%	1.21%	1.39%	0.64%	0.85%	1.11%	1.38%	0.29%

Frequently Asked Questions

Can I hold both JMOM and HELO in my portfolio?

JMOM and HELO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMOM or HELO?

JMOM has higher volatility (4.56%) compared to HELO (0.70%). In terms of maximum drawdown, JMOM dropped -34.31% vs HELO's -10.89%.

Which ETF is better, JMOM or HELO?

On 1-year performance, JMOM leads with 36.34% vs 10.94% for HELO. On fees, JMOM is cheaper at 0.12% 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, JMOM or HELO?

Over the 1-year period, JMOM has performed better with a 36.34% return vs 10.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMOM or HELO?

JMOM is cheaper with a 0.12% expense ratio, compared with 0.50% for HELO.

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

JMOM has the higher dividend yield at 0.72%, compared with 0.62% for HELO.

What is the main difference between JMOM and HELO?

JMOM is categorized as Momentum, while HELO is Options Trading. Their fees differ too: 0.12% for JMOM and 0.50% for HELO.

Which has better risk-adjusted returns?

JMOM currently has the higher Sharpe Ratio (2.55 vs 1.77), 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.