GOP vs HELO
Subversive Congressional Republicans Trading ETF vs JPMorgan Hedged Equity Laddered Overlay ETF
Which is better, GOP or HELO?
GOP has been ahead.
HELO has a lower expense ratio. GOP led over 1Y, 3Y and the full window. GOP is less concentrated, with 38.4% 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 | GOP | HELO |
|---|---|---|
| Expense Ratio | 0.73% | 0.50%Best |
| AUM | $94M | $4.9B |
| Dividend Yield | 0.56% | 0.57% |
| Holdings | 141 | 156 |
| YTD Return | +19.48%Best | +4.91% |
| 1Y Return | +22.08%Best | +7.68% |
| 3Y Return (annualized) | +21.66%Best | +11.88% |
| Volatility (annualized) | 13.2% | 7.3%Best |
| Max Drawdown | -20.7% | -10.9%Best |
| $10,000 over 3 years | $17,994Best | $14,128 |
| Top 10 Weight | 38.4%Best | 40.1% |
| Fund Family | Subversive Capital | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 7, 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).
GOP 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.
GOP vs HELO Performance
Subversive Congressional Republicans Trading ETF (GOP) is an ETF from Subversive Capital and JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management. Over the past year GOP returned +22.08% while HELO returned +7.68%. Year to date, GOP is up 19.48% versus a gain of 4.91% for HELO.
Over three years, GOP compounded at +21.66% per year against +11.88% for HELO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GOP has been the more volatile fund, with annualized monthly volatility of 13.2% 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 -20.7% for GOP 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GOP charges 0.73% per year while HELO charges 0.50%. On a $10,000 position that is $73 vs $50 annually, a gap of $23 per year that compounds over a long holding period. On income, GOP currently yields 0.56% against 0.57% for HELO.
Holdings Overlap
38.3% of GOP's money is in holdings HELO also owns. 51.4% of HELO's money is in holdings GOP also owns.
The two portfolios partly overlap.
43 positions in common, counted across the 135 positions we hold weights for in GOP and 146 in HELO, against full books of 141 and 156.
What only one of them owns
Our book lists 99 positions for HELO that do not appear in our book for GOP (47.0% of the fund), and 84 for GOP that do not appear in HELO (56.0%).
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 GOP | Weight in HELO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.48% | 8.17% | 4.69% |
| AAPLApple, Inc | 0.57% | 7.01% | 6.44% |
| INTCIntel Corporation | 6.45% | 0.49% | 5.96% |
| MSFTMicrosoft Corp | 0.56% | 6.29% | 5.73% |
| AMZNAmazon.Com Inc | 0.63% | 4.26% | 3.63% |
| AMDAdvanced Micro Devices Inc | 3.29% | 1.28% | 2.01% |
| ANETArista Networks Inc. | 3.65% | 0.40% | 3.25% |
| AVGOBroadcom Inc | 0.84% | 2.64% | 1.80% |
| METAMeta Platforms Inc | 0.59% | 2.31% | 1.72% |
| JNJJohnson & Johnson - Common | 1.39% | 1.40% | 0.01% |
51.4% of HELO is already inside GOP.
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, GOP or HELO?
GOP has an expense ratio of 0.73% while HELO charges 0.50%. HELO is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, GOP or HELO?
Over the past year GOP returned +22.08% vs +7.68% for HELO, so GOP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GOP or HELO?
GOP has been the more volatile fund at 13.2% annualized versus 7.3% for HELO. Worst drawdown: GOP -20.7% vs HELO -10.9%.
Should I hold both GOP and HELO?
GOP and HELO have a monthly-return correlation of 0.81, 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 GOP and HELO?
51.4% of HELO's money is in holdings GOP also owns. 51.4% of HELO's is in holdings GOP also owns. They hold 43 positions in common, counted across the 135 positions we hold weights for in GOP and 146 in HELO.
Which pays a higher dividend, GOP or HELO?
GOP yields 0.56% while HELO yields 0.57%, so HELO currently pays the higher dividend yield.
Is HELO better than GOP?
HELO has a lower expense ratio. GOP led over 1Y, 3Y and the full window. GOP is less concentrated, with 38.4% 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.