ROCQ vs. HELO

Last updated Jun 4, 2026

ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) and HELO (JPMorgan Hedged Equity Laddered Overlay ETF) are both exchange-traded funds - ROCQ is a Nasdaq-100 fund actively managed by JPMorgan, while HELO is a Options Trading fund actively managed by JPMorgan. Both are actively managed. A 0.78 correlation means they provide meaningful diversification when combined. ROCQ charges 0.35%/yr vs 0.50%/yr for HELO.

Performance

ROCQ vs. HELO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ROCQ

• 1D: -0.12%
• 1M: 6.49%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HELO

• 1D: -0.21%
• 1M: 0.59%
• YTD: 2.31%
• 6M: 2.92%
• 1Y: 11.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ROCQ vs. HELO - Yearly Performance Comparison

	2026 (YTD)
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	17.62%
HELO JPMorgan Hedged Equity Laddered Overlay ETF	4.96%

Correlation

The correlation between ROCQ and HELO is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.78

Return for Risk

ROCQ vs. HELO — Risk / Return Rank

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

HELO

HELO Risk / Return Rank: 50
HELO Sharpe Ratio Rank: 51
HELO Sortino Ratio Rank: 51
HELO Omega Ratio Rank: 58
HELO Calmar Ratio Rank: 38
HELO Martin Ratio Rank: 50

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.

ROCQ vs. HELO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ROCQ	HELO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	7.49	1.64	+5.85

Drawdowns

ROCQ vs. HELO - Drawdown Comparison

The maximum ROCQ drawdown since its inception was -5.15%, smaller than the maximum HELO drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for ROCQ and HELO.

Drawdown Indicators

	ROCQ	HELO	Difference
Max Drawdown Largest peak-to-trough decline	-5.15%	-10.89%	+5.74%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.76%	—
Current Drawdown Current decline from peak	-0.33%	-0.28%	-0.05%
Average Drawdown Average peak-to-trough decline	-0.66%	-1.18%	+0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.30%	—

Volatility

Volatility by Period

	ROCQ	HELO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.13%	6.21%	+9.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.13%	7.96%	+8.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	7.96%	+8.17%

ROCQ vs. HELO - Expense Ratio Comparison

ROCQ has a 0.35% expense ratio, which is lower than HELO's 0.50% expense ratio.

Dividends

ROCQ vs. HELO - Dividend Comparison

ROCQ's dividend yield for the trailing twelve months is around 2.02%, more than HELO's 0.62% yield.

Position	TTM	2025	2024	2023
HELO JPMorgan Hedged Equity Laddered Overlay ETF	0.62%	0.67%	0.60%	0.19%
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	2.02%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ROCQ and HELO in my portfolio?

ROCQ and HELO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ROCQ or HELO?

On fees, ROCQ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ROCQ or HELO?

ROCQ is cheaper with a 0.35% expense ratio, compared with 0.50% for HELO.

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

ROCQ has the higher dividend yield at 2.02%, compared with 0.62% for HELO.

What is the main difference between ROCQ and HELO?

ROCQ is categorized as Nasdaq-100, while HELO is Options Trading. Their fees differ too: 0.35% for ROCQ and 0.50% for HELO.