GCAD vs HELO
Gabelli Commercial Aerospace and Defense Fund vs JPMorgan Hedged Equity Laddered Overlay ETF
Which is better, GCAD or HELO?
GCAD has been ahead.
GCAD has a lower expense ratio. GCAD led over 1Y, 3Y and the full window. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 49.3%.
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 | GCAD | HELO |
|---|---|---|
| Expense Ratio | 0.00%Best | 0.50% |
| AUM | $43M | $4.9B |
| Dividend Yield | 1.98% | 0.57% |
| Holdings | 55 | 156 |
| YTD Return | +1.42% | +4.91%Best |
| 1Y Return | +7.79%Best | +7.68% |
| 3Y Return (annualized) | +28.66%Best | +11.88% |
| Volatility (annualized) | 17.1% | 7.3%Best |
| Max Drawdown | -17.5% | -10.9%Best |
| $10,000 over 3 years | $21,748Best | $14,128 |
| Top 10 Weight | 49.3% | 40.1%Best |
| Fund Family | Gabelli Funds | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 3, 2023 | Sep 28, 2023 |
Not shown on this pair: 5Y Return (annualized).
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).
GCAD 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.
GCAD vs HELO Performance
Gabelli Commercial Aerospace and Defense Fund (GCAD) is an ETF from Gabelli Funds and JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management. Over the past year GCAD returned +7.79% while HELO returned +7.68%. Year to date, GCAD is up 1.42% versus a gain of 4.91% for HELO.
Over three years, GCAD compounded at +28.66% per year against +11.88% for HELO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GCAD has been the more volatile fund, with annualized monthly volatility of 17.1% 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 -17.5% for GCAD 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 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GCAD charges 0.00% per year while HELO charges 0.50%. On a $10,000 position that is $0 vs $50 annually, a gap of $50 per year that compounds over a long holding period. On income, GCAD currently yields 1.98% against 0.57% for HELO.
Holdings Overlap
13.9% of GCAD's money is in holdings HELO also owns. 2.6% of HELO's money is in holdings GCAD also owns.
GCAD and HELO share little of their money.
6 positions in common, counted across the 51 positions we hold weights for in GCAD and 146 in HELO, against full books of 55 and 156.
What only one of them owns
Our book lists 137 positions for HELO that do not appear in our book for GCAD (95.8% of the fund), and 37 for GCAD that do not appear in HELO (77.3%).
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 GCAD 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, GCAD or HELO?
GCAD has an expense ratio of 0.00% while HELO charges 0.50%. GCAD is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, GCAD or HELO?
Over the past year GCAD returned +7.79% vs +7.68% for HELO, so GCAD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GCAD or HELO?
GCAD has been the more volatile fund at 17.1% annualized versus 7.3% for HELO. Worst drawdown: GCAD -17.5% vs HELO -10.9%.
Should I hold both GCAD and HELO?
GCAD and HELO have a monthly-return correlation of 0.50, 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 GCAD and HELO?
13.9% of GCAD's money is in holdings HELO also owns. 2.6% of HELO's is in holdings GCAD also owns. They hold 6 positions in common, counted across the 51 positions we hold weights for in GCAD and 146 in HELO.
Which pays a higher dividend, GCAD or HELO?
GCAD yields 1.98% while HELO yields 0.57%, so GCAD currently pays the higher dividend yield.
Is HELO better than GCAD?
GCAD has a lower expense ratio. GCAD led over 1Y, 3Y and the full window. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 49.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.