GQI vs HELO
Natixis Gateway Quality Income ETF vs JPMorgan Hedged Equity Laddered Overlay ETF
Which is better, GQI or HELO?
GQI has been ahead.
GQI has a lower expense ratio. GQI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92.
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 | GQI | HELO |
|---|---|---|
| Expense Ratio | 0.34%Best | 0.50% |
| AUM | $304M | $4.9B |
| Dividend Yield | 8.66% | 0.57% |
| Holdings | 110 | 156 |
| YTD Return | +15.06%Best | +4.91% |
| 1Y Return | +21.24%Best | +7.68% |
| 3Y Return (annualized) | - | +11.88% |
| Volatility (annualized) | 8.8% | 6.9%Best |
| Max Drawdown | -16.6% | -10.9%Best |
| $10,000 over 2.8 years | $15,358Best | $13,377 |
| Fund Family | Natixis Funds | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 13, 2023 | Sep 28, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 13, 2023 to Oct 14, 2026 (2.8 years).
GQI 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 2.8 years both funds cover.
GQI vs HELO Performance
Natixis Gateway Quality Income ETF (GQI) is an ETF from Natixis Funds and JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management. Over the past year GQI returned +21.24% while HELO returned +7.68%. Year to date, GQI is up 15.06% versus a gain of 4.91% for HELO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GQI has been the more volatile fund, with annualized monthly volatility of 8.8% 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 -16.6% for GQI 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GQI charges 0.34% per year while HELO charges 0.50%. On a $10,000 position that is $34 vs $50 annually, a gap of $16 per year that compounds over a long holding period. On income, GQI currently yields 8.66% against 0.57% for HELO.
Holdings Overlap
At least 54.6% of HELO's money is in holdings GQI also owns.
Stated as a floor: for GQI, our book for it covers 89.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
40 positions in common, counted across the 118 positions we hold weights for in GQI and 146 in HELO, against full books of 110 and 156.
Top Shared Holdings
| Stock | Weight in GQI | Weight in HELO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.31% | 8.17% | 0.14% |
| AAPLApple, Inc | 7.52% | 7.01% | 0.51% |
| MSFTMicrosoft Corp | 4.06% | 6.29% | 2.23% |
| GOOGLAlphabet Inc | 5.23% | 3.16% | 2.07% |
| AMZNAmazon.Com Inc | 3.31% | 4.26% | 0.95% |
| AVGOBroadcom Inc | 2.08% | 2.64% | 0.56% |
| METAMeta Platforms Inc | 2.11% | 2.31% | 0.20% |
| MUMicron Technology, Inc. | 1.86% | 1.70% | 0.16% |
| MAMastercard Inc | 2.31% | 1.24% | 1.07% |
| LLYEli Lilly & Co. | 1.39% | 1.14% | 0.25% |
54.6% of HELO is already inside GQI.
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, GQI or HELO?
GQI has an expense ratio of 0.34% while HELO charges 0.50%. GQI is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, GQI or HELO?
Over the past year GQI returned +21.24% vs +7.68% for HELO, so GQI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GQI or HELO?
GQI has been the more volatile fund at 8.8% annualized versus 6.9% for HELO. Worst drawdown: GQI -16.6% vs HELO -10.9%.
Should I hold both GQI and HELO?
GQI and HELO have a monthly-return correlation of 0.92, 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 GQI and HELO?
At least 54.6% of HELO's money is in holdings GQI also owns. Our book for GQI is partial, so the real figure is this or higher. They hold 40 positions in common, counted across the 118 positions we hold weights for in GQI and 146 in HELO.
Which pays a higher dividend, GQI or HELO?
GQI yields 8.66% while HELO yields 0.57%, so GQI currently pays the higher dividend yield.
Is HELO better than GQI?
GQI has a lower expense ratio. GQI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.