CGCV vs HELO
Capital Group Conservative Equity ETF vs JPMorgan Hedged Equity Laddered Overlay ETF
Which is better, CGCV or HELO?
CGCV has been ahead.
CGCV has a lower expense ratio. CGCV led over 1Y and the full window. CGCV is less concentrated, with 33.0% 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 | CGCV | HELO |
|---|---|---|
| Expense Ratio | 0.33%Best | 0.50% |
| AUM | $2.1B | $4.9B |
| Dividend Yield | 1.59% | 0.57% |
| Holdings | 146 | 156 |
| YTD Return | +8.70%Best | +4.91% |
| 1Y Return | +11.37%Best | +7.68% |
| 3Y Return (annualized) | - | +11.88% |
| Volatility (annualized) | 9.9% | 6.9%Best |
| Max Drawdown | -13.1% | -10.9%Best |
| $10,000 over 2.3 years | $13,706Best | $12,031 |
| Top 10 Weight | 33.0%Best | 40.1% |
| Fund Family | Capital Group (US) | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 25, 2024 | Sep 28, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 27, 2024 to Oct 14, 2026 (2.3 years).
CGCV 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 2.3 years both funds cover.
CGCV vs HELO Performance
Capital Group Conservative Equity ETF (CGCV) is an ETF from Capital Group (US) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management. Over the past year CGCV returned +11.37% while HELO returned +7.68%. Year to date, CGCV is up 8.70% versus a gain of 4.91% for HELO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CGCV has been the more volatile fund, with annualized monthly volatility of 9.9% compared with 6.9% 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 -13.1% for CGCV 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGCV charges 0.33% per year while HELO charges 0.50%. On a $10,000 position that is $33 vs $50 annually, a gap of $17 per year that compounds over a long holding period. On income, CGCV currently yields 1.59% against 0.57% for HELO.
Holdings Overlap
55.4% of CGCV's money is in holdings HELO also owns. 48.0% of HELO's money is in holdings CGCV also owns.
The two portfolios partly overlap.
35 positions in common, counted across the 73 positions we hold weights for in CGCV and 146 in HELO, against full books of 146 and 156.
What only one of them owns
Our book lists 107 positions for HELO that do not appear in our book for CGCV (50.4% of the fund), and 33 for CGCV that do not appear in HELO (39.4%).
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.
Top Shared Holdings
| Stock | Weight in CGCV | Weight in HELO | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.20% | 6.29% | 0.09% |
| NVDANvidia Corp | 2.16% | 8.17% | 6.01% |
| AAPLApple, Inc | 3.07% | 7.01% | 3.94% |
| AVGOBroadcom Inc | 4.04% | 2.64% | 1.40% |
| GOOGLAlphabet Inc | 1.91% | 3.16% | 1.25% |
| METAMeta Platforms Inc | 2.72% | 2.31% | 0.41% |
| PMPhilip Morris International Inc. | 3.41% | 0.74% | 2.67% |
| LLYEli Lilly & Co. | 3.00% | 1.14% | 1.86% |
| ABBVAbbvie Inc. | 2.66% | 1.12% | 1.54% |
| XOMExxonmobil Corp. | 1.92% | 1.38% | 0.54% |
55.4% of CGCV is already inside HELO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CGCV or HELO?
CGCV has an expense ratio of 0.33% while HELO charges 0.50%. CGCV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, CGCV or HELO?
Over the past year CGCV returned +11.37% vs +7.68% for HELO, so CGCV leads on 1-year performance. Over the longest common window we track (2 years), CGCV annualized +14.69% vs +8.37% for HELO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGCV or HELO?
CGCV has been the more volatile fund at 9.9% annualized versus 6.9% for HELO. Worst drawdown: CGCV -13.1% vs HELO -10.9%.
Should I hold both CGCV and HELO?
CGCV and HELO have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CGCV and HELO?
55.4% of CGCV's money is in holdings HELO also owns. 48.0% of HELO's is in holdings CGCV also owns. They hold 35 positions in common, counted across the 73 positions we hold weights for in CGCV and 146 in HELO.
Which pays a higher dividend, CGCV or HELO?
CGCV yields 1.59% while HELO yields 0.57%, so CGCV currently pays the higher dividend yield.
Is HELO better than CGCV?
CGCV has a lower expense ratio. CGCV led over 1Y and the full window. CGCV is less concentrated, with 33.0% 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.