BGY vs HELO
BlackRock Enhanced International Dividend Trust vs JPMorgan Hedged Equity Laddered Overlay ETF
Which is better, BGY or HELO?
Each has led over a different period.
HELO has a lower expense ratio. BGY led over 3Y and the full window, HELO over 1Y. BGY is less concentrated, with 35.8% of the fund in its ten largest positions against 40.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BGY | HELO |
|---|---|---|
| Expense Ratio | 0.99% | 0.50%Best |
| AUM | $569M | $4.9B |
| Dividend Yield | 8.03% | 0.57% |
| Holdings | 127 | 156 |
| YTD Return | +0.81% | +4.91%Best |
| 1Y Return | +5.95% | +7.68%Best |
| 3Y Return (annualized) | +13.04%Best | +11.88% |
| 5Y Return (annualized) | +5.86% | - |
| Volatility (annualized) | 13.1% | 7.3%Best |
| Max Drawdown | -15.5% | -10.9%Best |
| $10,000 over 3 years | $14,261Best | $14,128 |
| Top 10 Weight | 35.8%Best | 40.1% |
| Fund Family | BlackRock, Inc. (US) | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 25, 2007 | Sep 28, 2023 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 29, 2023 to Oct 14, 2026 (3 years).
BGY vs HELO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
BGY vs HELO Performance
BlackRock Enhanced International Dividend Trust (BGY) is an ETF from BlackRock, Inc. (US) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management. Over the past year BGY returned +5.95% while HELO returned +7.68%. Year to date, BGY is up 0.81% versus a gain of 4.91% for HELO.
Over three years, BGY compounded at +13.04% per year against +11.88% for HELO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BGY has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 7.3% for HELO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.5% for BGY and -10.9% for HELO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BGY charges 0.99% per year while HELO charges 0.50%. On a $10,000 position that is $99 vs $50 annually, a gap of $49 per year that compounds over a long holding period. On income, BGY currently yields 8.03% against 0.57% for HELO.
Holdings Overlap
We hold position weights for 47 holdings in BGY and 146 in HELO, totalling 98.3% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 77 days apart, BGY as of Jun 30, 2026 and HELO as of Sep 15, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 47 positions we hold weights for in BGY and 146 in HELO, against full books of 127 and 156.
What only one of them owns
Our book lists 143 positions for HELO that do not appear in our book for BGY (98.4% of the fund), and 1 for BGY that do not appear in HELO (0.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of BGY and HELO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BGY or HELO?
BGY has an expense ratio of 0.99% while HELO charges 0.50%. HELO is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, BGY or HELO?
Over the past year BGY returned +5.95% vs +7.68% for HELO, so HELO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BGY or HELO?
BGY has been the more volatile fund at 13.1% annualized versus 7.3% for HELO. Worst drawdown: BGY -15.5% vs HELO -10.9%.
Should I hold both BGY and HELO?
BGY and HELO have a monthly-return correlation of 0.74, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BGY or HELO?
BGY yields 8.03% while HELO yields 0.57%, so BGY currently pays the higher dividend yield.
Is HELO better than BGY?
HELO has a lower expense ratio. BGY led over 3Y and the full window, HELO over 1Y. BGY is less concentrated, with 35.8% of the fund in its ten largest positions against 40.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.