LCDS vs. HELO

Last updated Jun 23, 2026

LCDS (JPMorgan Fundamental Data Science Large Core ETF) and HELO (JPMorgan Hedged Equity Laddered Overlay ETF) are both exchange-traded funds - LCDS is a Large Cap Blend 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, LCDS returned 26.03% vs 10.09% for HELO. Their correlation of 0.94 suggests significant overlap in exposure. LCDS charges 0.30%/yr vs 0.50%/yr for HELO.

Performance

LCDS vs. HELO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Fundamental Data Science Large Core ETF (LCDS) 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, LCDS achieves a 9.30% return, which is significantly higher than HELO's 1.98% return.

LCDS

• 1D: -0.38%
• 1M: 0.59%
• YTD: 9.30%
• 6M: 8.97%
• 1Y: 26.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HELO

• 1D: -0.37%
• 1M: -0.12%
• YTD: 1.98%
• 6M: 1.69%
• 1Y: 10.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LCDS vs. HELO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LCDS JPMorgan Fundamental Data Science Large Core ETF	9.30%	17.66%	10.32%
HELO JPMorgan Hedged Equity Laddered Overlay ETF	1.98%	7.82%	9.35%

Correlation

The correlation between LCDS and HELO is 0.93, 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	0.93
Correlation (All Time) Calculated using the full available price history since Aug 8, 2024	0.94

The correlation between LCDS and HELO has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

LCDS vs. HELO — Risk / Return Rank

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

LCDS

LCDS Risk / Return Rank: 66
LCDS Sharpe Ratio Rank: 68
LCDS Sortino Ratio Rank: 66
LCDS Omega Ratio Rank: 67
LCDS Calmar Ratio Rank: 60
LCDS Martin Ratio Rank: 70

HELO

HELO Risk / Return Rank: 46
HELO Sharpe Ratio Rank: 47
HELO Sortino Ratio Rank: 46
HELO Omega Ratio Rank: 52
HELO Calmar Ratio Rank: 36
HELO Martin Ratio Rank: 47

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.

LCDS vs. HELO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Fundamental Data Science Large Core ETF (LCDS) 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.

	LCDS	HELO	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.59	+0.56
Sortino ratio: Return per unit of downside risk	2.91	2.25	+0.66
Omega ratio: Gain probability vs. loss probability	1.39	1.32	+0.07
Calmar ratio: Return relative to maximum drawdown	2.89	1.76	+1.13
Martin ratio: Return relative to average drawdown	12.70	7.70	+5.00

LCDS vs. HELO - Sharpe Ratio Comparison

The current LCDS Sharpe Ratio is 2.15, which is higher than the HELO Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of LCDS 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

LCDS vs. HELO - Drawdown Comparison

The maximum LCDS drawdown since its inception was -18.39%, which is greater than HELO's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for LCDS and HELO.

Drawdown Indicators

	LCDS	HELO	Difference
Max Drawdown Largest peak-to-trough decline	-18.39%	-10.89%	-7.50%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-5.76%	-3.27%
Current Drawdown Current decline from peak	-1.54%	-0.60%	-0.94%
Average Drawdown Average peak-to-trough decline	-2.18%	-1.18%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.31%	+0.75%

Volatility

LCDS vs. HELO - Volatility Comparison

JPMorgan Fundamental Data Science Large Core ETF (LCDS) has a higher volatility of 4.24% compared to JPMorgan Hedged Equity Laddered Overlay ETF (HELO) at 1.73%. This indicates that LCDS'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

	LCDS	HELO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	1.73%	+2.51%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	5.08%	+4.49%
Volatility (1Y) Calculated over the trailing 1-year period	12.18%	6.38%	+5.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.28%	7.97%	+8.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.28%	7.97%	+8.31%

LCDS vs. HELO - Expense Ratio Comparison

LCDS has a 0.30% expense ratio, which is lower than HELO's 0.50% expense ratio.

Dividends

LCDS vs. HELO - Dividend Comparison

LCDS's dividend yield for the trailing twelve months is around 0.89%, more than HELO's 0.63% yield.

Position	TTM	2025	2024	2023
HELO JPMorgan Hedged Equity Laddered Overlay ETF	0.63%	0.67%	0.60%	0.19%
LCDS JPMorgan Fundamental Data Science Large Core ETF	0.89%	0.92%	0.48%	0.00%

Frequently Asked Questions

Can I hold both LCDS and HELO in my portfolio?

With a correlation of 0.93, LCDS and HELO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LCDS or HELO?

LCDS has higher volatility (4.24%) compared to HELO (1.73%). In terms of maximum drawdown, LCDS dropped -18.39% vs HELO's -10.89%.

Which ETF is better, LCDS or HELO?

On 1-year performance, LCDS leads with 26.03% vs 10.09% for HELO. On fees, LCDS is cheaper at 0.30% per year. On volatility, HELO has been the lower-risk option at 1.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCDS or HELO?

Over the 1-year period, LCDS has performed better with a 26.03% return vs 10.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCDS or HELO?

LCDS is cheaper with a 0.30% expense ratio, compared with 0.50% for HELO.

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

LCDS has the higher dividend yield at 0.89%, compared with 0.63% for HELO.

What is the main difference between LCDS and HELO?

LCDS is categorized as Large Cap Blend Equities, while HELO is Options Trading. Their fees differ too: 0.30% for LCDS and 0.50% for HELO.

Which has better risk-adjusted returns?

LCDS currently has the higher Sharpe Ratio (2.15 vs 1.59), 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.