PHEQ vs. HELO
Compare and contrast key facts about Parametric Hedged Equity ETF (PHEQ) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO).
PHEQ and HELO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PHEQ is an actively managed fund by Parametric. It was launched on Oct 16, 2023. 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: PHEQ or HELO.
Key characteristics
| PHEQ | HELO | |
|---|---|---|
| YTD Return | 13.61% | 19.19% |
| 1Y Return | 20.40% | 24.85% |
| Sharpe Ratio | 3.57 | 3.40 |
| Sortino Ratio | 5.22 | 4.89 |
| Omega Ratio | 1.81 | 1.73 |
| Calmar Ratio | 4.83 | 5.74 |
| Martin Ratio | 28.51 | 27.93 |
| Ulcer Index | 0.70% | 0.86% |
| Daily Std Dev | 5.56% | 7.03% |
| Max Drawdown | -4.11% | -4.16% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PHEQ and HELO is 0.59, 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.
Performance
PHEQ vs. HELO - Performance Comparison
In the year-to-date period, PHEQ achieves a 13.61% return, which is significantly lower than HELO's 19.19% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PHEQ vs. HELO - Expense Ratio Comparison
PHEQ has a 0.29% expense ratio, which is lower than HELO's 0.50% expense ratio.
Risk-Adjusted Performance
PHEQ vs. HELO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Hedged Equity ETF (PHEQ) 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
PHEQ vs. HELO - Dividend Comparison
PHEQ's dividend yield for the trailing twelve months is around 2.25%, more than HELO's 0.51% yield.
| TTM | 2023 | |
|---|---|---|
PHEQ Parametric Hedged Equity ETF | 2.25% | 1.72% |
HELO JPMorgan Hedged Equity Laddered Overlay ETF | 0.51% | 0.19% |
Drawdowns
PHEQ vs. HELO - Drawdown Comparison
The maximum PHEQ drawdown since its inception was -4.11%, roughly equal to the maximum HELO drawdown of -4.16%. Use the drawdown chart below to compare losses from any high point for PHEQ and HELO. For additional features, visit the drawdowns tool.
Volatility
PHEQ vs. HELO - Volatility Comparison
The current volatility for Parametric Hedged Equity ETF (PHEQ) is 1.68%, while JPMorgan Hedged Equity Laddered Overlay ETF (HELO) has a volatility of 2.43%. This indicates that PHEQ 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.