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.
Correlation
The correlation between PHEQ and HELO is 0.70, 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
PHEQ vs. HELO - Performance Comparison
Key characteristics
PHEQ:
0.39
HELO:
0.63
PHEQ:
0.60
HELO:
0.93
PHEQ:
1.10
HELO:
1.13
PHEQ:
0.34
HELO:
0.57
PHEQ:
1.61
HELO:
2.42
PHEQ:
2.67%
HELO:
2.57%
PHEQ:
11.13%
HELO:
9.90%
PHEQ:
-12.55%
HELO:
-10.89%
PHEQ:
-9.52%
HELO:
-8.82%
Returns By Period
The year-to-date returns for both investments are quite close, with PHEQ having a -6.45% return and HELO slightly higher at -6.38%.
PHEQ
-6.45%
-4.75%
-4.13%
4.68%
N/A
N/A
HELO
-6.38%
-3.90%
-6.12%
6.80%
N/A
N/A
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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 Rank
PHEQ
HELO
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 1.55%, more than HELO's 0.70% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
PHEQ Parametric Hedged Equity ETF | 1.55% | 1.40% | 1.72% |
HELO JPMorgan Hedged Equity Laddered Overlay ETF | 0.70% | 0.60% | 0.19% |
Drawdowns
PHEQ vs. HELO - Drawdown Comparison
The maximum PHEQ drawdown since its inception was -12.55%, which is greater than HELO's maximum drawdown of -10.89%. 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
Parametric Hedged Equity ETF (PHEQ) has a higher volatility of 8.56% compared to JPMorgan Hedged Equity Laddered Overlay ETF (HELO) at 5.81%. This indicates that PHEQ'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.