GPIX vs HELO
Goldman Sachs S&P 500 Premium Income ETF vs JPMorgan Hedged Equity Laddered Overlay ETF
Which is better, GPIX or HELO?
Nearly the same fund. GPIX costs less.
GPIX has a lower expense ratio. GPIX led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. GPIX is less concentrated, with 38.9% 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 | GPIX | HELO |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.50% |
| AUM | $6.3B | $4.9B |
| Dividend Yield | 8.16% | 0.57% |
| Holdings | 496 | 156 |
| YTD Return | +13.52%Best | +4.91% |
| 1Y Return | +17.92%Best | +7.68% |
| 3Y Return (annualized) | +23.39%Best | +11.88% |
| Volatility (annualized) | 10.5% | 7.3%Best |
| Max Drawdown | -17.5% | -10.9%Best |
| $10,000 over 3 years | $18,786Best | $14,533 |
| Top 10 Weight | 38.9%Best | 40.1% |
| Fund Family | Goldman Sachs Asset Management | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 24, 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: Oct 26, 2023 to Oct 14, 2026 (3 years).
GPIX 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.
GPIX vs HELO Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management and JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management. Over the past year GPIX returned +17.92% while HELO returned +7.68%. Year to date, GPIX is up 13.52% versus a gain of 4.91% for HELO.
Over three years, GPIX compounded at +23.39% per year against +11.88% for HELO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GPIX has been the more volatile fund, with annualized monthly volatility of 10.5% 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 GPIX 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GPIX charges 0.29% per year while HELO charges 0.50%. On a $10,000 position that is $29 vs $50 annually, a gap of $21 per year that compounds over a long holding period. On income, GPIX currently yields 8.16% against 0.57% for HELO.
Holdings Overlap
64.9% of GPIX's money is in holdings HELO also owns. 92.8% of HELO's money is in holdings GPIX also owns.
Most of HELO is already inside GPIX. Owning both mostly buys the same companies twice.
130 positions in common, counted across the 491 positions we hold weights for in GPIX and 146 in HELO, against full books of 496 and 156.
What only one of them owns
Our book lists 11 positions for HELO that do not appear in our book for GPIX (5.7% of the fund), and 337 for GPIX that do not appear in HELO (34.6%).
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 GPIX | Weight in HELO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.14% | 8.17% | 0.03% |
| AAPLApple Inc | 7.41% | 7.01% | 0.40% |
| MSFTMicrosoft Corp_None_0 | 5.50% | 6.29% | 0.79% |
| AMZNAmazon.Com Inc | 3.83% | 4.26% | 0.43% |
| GOOGLAlphabet Inc-cl A | 3.25% | 3.16% | 0.09% |
| AVGOBroadcom Inc | 2.51% | 2.64% | 0.13% |
| METAMeta Platforms, Inc. | 1.47% | 2.31% | 0.84% |
| GOOGAlphabet, Inc.- Cl C | 1.14% | 2.26% | 1.12% |
| MUMicron Technology, Inc. | 1.69% | 1.70% | 0.01% |
| TSLATesla Mtrs Inc | 1.57% | 1.22% | 0.35% |
92.8% of HELO is already inside GPIX.
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, GPIX or HELO?
GPIX has an expense ratio of 0.29% while HELO charges 0.50%. GPIX is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, GPIX or HELO?
Over the past year GPIX returned +17.92% vs +7.68% for HELO, so GPIX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GPIX or HELO?
GPIX has been the more volatile fund at 10.5% annualized versus 7.3% for HELO. Worst drawdown: GPIX -17.5% vs HELO -10.9%.
Should I hold both GPIX and HELO?
GPIX and HELO have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GPIX and HELO?
92.8% of HELO's money is in holdings GPIX also owns. 92.8% of HELO's is in holdings GPIX also owns. They hold 130 positions in common, counted across the 491 positions we hold weights for in GPIX and 146 in HELO.
Which pays a higher dividend, GPIX or HELO?
GPIX yields 8.16% while HELO yields 0.57%, so GPIX currently pays the higher dividend yield.
Is HELO better than GPIX?
GPIX has a lower expense ratio. GPIX led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. GPIX is less concentrated, with 38.9% 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.