JPME vs. HELO

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO).

JPME and HELO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPME is a passively managed fund by JPMorgan that tracks the performance of the JPMorgan Diversified Factor US Mid Cap Equity Index. It was launched on May 11, 2016. HELO is an actively managed fund by JPMorgan. It was launched on Sep 28, 2023.

Performance

JPME vs. HELO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO). The values are adjusted to include any dividend payments, if applicable.

JPME vs. HELO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPME JPMorgan Diversified Return US Mid Cap Equity ETF	6.26%	8.26%	13.55%	10.64%
HELO JPMorgan Hedged Equity Laddered Overlay ETF	-3.37%	7.82%	18.05%	6.30%

Returns By Period

In the year-to-date period, JPME achieves a 6.26% return, which is significantly higher than HELO's -3.37% return.

JPME

• 1D: 0.46%
• 1M: -3.67%
• YTD: 6.26%
• 6M: 6.91%
• 1Y: 16.49%
• 3Y*: 12.45%
• 5Y*: 8.53%
• 10Y*: —

HELO

• 1D: 0.33%
• 1M: -3.72%
• YTD: -3.37%
• 6M: -1.18%
• 1Y: 7.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPME vs. HELO - Expense Ratio Comparison

JPME has a 0.24% expense ratio, which is lower than HELO's 0.50% expense ratio.

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

JPME

JPMorgan Diversified Return US Mid Cap Equity ETF

Return for Risk

JPME vs. HELO — Risk / Return Rank

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

JPME

JPME Risk / Return Rank: 52
JPME Sharpe Ratio Rank: 52
JPME Sortino Ratio Rank: 53
JPME Omega Ratio Rank: 51
JPME Calmar Ratio Rank: 48
JPME Martin Ratio Rank: 58

HELO

HELO Risk / Return Rank: 52
HELO Sharpe Ratio Rank: 49
HELO Sortino Ratio Rank: 49
HELO Omega Ratio Rank: 52
HELO Calmar Ratio Rank: 53
HELO Martin Ratio Rank: 55

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.

JPME vs. HELO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) 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.

	JPME	HELO	Difference
Sharpe ratio Return per unit of total volatility	0.98	0.93	+0.05
Sortino ratio Return per unit of downside risk	1.47	1.39	+0.08
Omega ratio Gain probability vs. loss probability	1.20	1.20	0.00
Calmar ratio Return relative to maximum drawdown	1.34	1.42	-0.07
Martin ratio Return relative to average drawdown	6.13	5.66	+0.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPME vs. HELO - Sharpe Ratio Comparison

The current JPME Sharpe Ratio is 0.98, which is comparable to the HELO Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of JPME and HELO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JPME	HELO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	0.93	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.40	-0.79

Correlation

The correlation between JPME and HELO is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JPME vs. HELO - Dividend Comparison

JPME's dividend yield for the trailing twelve months is around 1.94%, more than HELO's 0.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JPME JPMorgan Diversified Return US Mid Cap Equity ETF	1.94%	2.03%	1.77%	1.84%	1.84%	1.44%	1.51%	1.68%	1.80%	1.17%	0.91%
HELO JPMorgan Hedged Equity Laddered Overlay ETF	0.66%	0.67%	0.60%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JPME vs. HELO - Drawdown Comparison

The maximum JPME drawdown since its inception was -41.01%, which is greater than HELO's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for JPME and HELO.

Drawdown Indicators

	JPME	HELO	Difference
Max Drawdown Largest peak-to-trough decline	-41.01%	-10.89%	-30.12%
Max Drawdown (1Y) Largest decline over 1 year	-12.50%	-5.76%	-6.74%
Max Drawdown (5Y) Largest decline over 5 years	-19.30%	—	—
Current Drawdown Current decline from peak	-3.67%	-4.58%	+0.91%
Average Drawdown Average peak-to-trough decline	-4.45%	-1.22%	-3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	1.44%	+1.30%

Volatility

JPME vs. HELO - Volatility Comparison

JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) has a higher volatility of 4.49% compared to JPMorgan Hedged Equity Laddered Overlay ETF (HELO) at 2.67%. This indicates that JPME'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

	JPME	HELO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	2.67%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	5.39%	+3.55%
Volatility (1Y) Calculated over the trailing 1-year period	16.91%	8.58%	+8.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.17%	8.13%	+8.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.76%	8.13%	+9.63%