OCTW vs. HELO
Compare and contrast key facts about AllianzIM U.S. Large Cap Buffer20 Oct ETF (OCTW) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO).
OCTW and HELO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OCTW is an actively managed fund by Allianz. It was launched on Sep 30, 2020. HELO is an actively managed fund by JPMorgan Chase. It was launched on Sep 28, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OCTW or HELO.
Correlation
The correlation between OCTW and HELO is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OCTW vs. HELO - Performance Comparison
Key characteristics
OCTW:
2.35
HELO:
2.32
OCTW:
3.30
HELO:
3.20
OCTW:
1.54
HELO:
1.47
OCTW:
5.80
HELO:
4.19
OCTW:
24.65
HELO:
17.54
OCTW:
0.35%
HELO:
0.99%
OCTW:
3.69%
HELO:
7.52%
OCTW:
-6.96%
HELO:
-4.16%
OCTW:
-0.03%
HELO:
0.00%
Returns By Period
In the year-to-date period, OCTW achieves a 2.01% return, which is significantly lower than HELO's 2.68% return.
OCTW
2.01%
1.00%
4.15%
8.85%
N/A
N/A
HELO
2.68%
1.59%
6.85%
17.82%
N/A
N/A
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OCTW vs. HELO - Expense Ratio Comparison
OCTW has a 0.74% expense ratio, which is higher than HELO's 0.50% expense ratio.
Risk-Adjusted Performance
OCTW vs. HELO — Risk-Adjusted Performance Rank
OCTW
HELO
OCTW vs. HELO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 Oct ETF (OCTW) 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.
Dividends
OCTW vs. HELO - Dividend Comparison
OCTW has not paid dividends to shareholders, while HELO's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
OCTW AllianzIM U.S. Large Cap Buffer20 Oct ETF | 0.00% | 0.00% | 0.00% |
HELO JPMorgan Hedged Equity Laddered Overlay ETF | 0.58% | 0.60% | 0.19% |
Drawdowns
OCTW vs. HELO - Drawdown Comparison
The maximum OCTW drawdown since its inception was -6.96%, which is greater than HELO's maximum drawdown of -4.16%. Use the drawdown chart below to compare losses from any high point for OCTW and HELO. For additional features, visit the drawdowns tool.
Volatility
OCTW vs. HELO - Volatility Comparison
The current volatility for AllianzIM U.S. Large Cap Buffer20 Oct ETF (OCTW) is 1.23%, while JPMorgan Hedged Equity Laddered Overlay ETF (HELO) has a volatility of 1.54%. This indicates that OCTW experiences smaller price fluctuations and is considered to be less risky than HELO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.