GSPY vs HELO
The Gotham Enhanced 500 ETF vs JPMorgan Hedged Equity Laddered Overlay ETF
Which is better, GSPY or HELO?
GSPY has been ahead.
GSPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. GSPY is less concentrated, with 39.2% 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 | GSPY | HELO |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $723M | $4.9B |
| Dividend Yield | 2.28% | 0.57% |
| Holdings | 1,004 | 156 |
| YTD Return | +15.70%Best | +4.91% |
| 1Y Return | +20.41%Best | +7.68% |
| 3Y Return (annualized) | +22.71%Best | +11.88% |
| 5Y Return (annualized) | +13.69% | - |
| Volatility (annualized) | 11.9% | 7.3%Best |
| Max Drawdown | -18.7% | -10.9%Best |
| $10,000 over 3 years | $18,668Best | $14,128 |
| Top 10 Weight | 39.2%Best | 40.1% |
| Fund Family | Gotham Funds | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 30, 2016 | Sep 28, 2023 |
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).
GSPY 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.
GSPY vs HELO Performance
The Gotham Enhanced 500 ETF (GSPY) is an ETF from Gotham Funds and JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management. Over the past year GSPY returned +20.41% while HELO returned +7.68%. Year to date, GSPY is up 15.70% versus a gain of 4.91% for HELO.
Over three years, GSPY compounded at +22.71% per year against +11.88% for HELO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSPY has been the more volatile fund, with annualized monthly volatility of 11.9% 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 -18.7% for GSPY 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GSPY charges 0.50% per year while HELO charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, GSPY currently yields 2.28% against 0.57% for HELO.
Holdings Overlap
63.1% of GSPY's money is in holdings HELO also owns. 90.4% of HELO's money is in holdings GSPY also owns.
Most of HELO is already inside GSPY. Owning both mostly buys the same companies twice.
129 positions in common, counted across the 501 positions we hold weights for in GSPY and 146 in HELO, against full books of 1,004 and 156.
What only one of them owns
Our book lists 12 positions for HELO that do not appear in our book for GSPY (8.0% of the fund), and 348 for GSPY that do not appear in HELO (36.7%).
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 GSPY | Weight in HELO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 6.68% | 8.17% | 1.49% |
| AAPLApple Inc | 6.97% | 7.01% | 0.04% |
| MSFTMicrosoft Corp_None_0 | 6.29% | 6.29% | 0.00% |
| AMZNAmazon.Com Inc | 4.57% | 4.26% | 0.31% |
| GOOGLAlphabet Inc-cl A | 4.74% | 3.16% | 1.58% |
| METAMeta Platforms, Inc. | 2.85% | 2.31% | 0.54% |
| MUMicron Technology, Inc. | 2.56% | 1.70% | 0.86% |
| AVGOBroadcom Inc | 1.60% | 2.64% | 1.04% |
| AMDAdvanced Micro Devices Inc. | 1.27% | 1.28% | 0.01% |
| XOMExxon Mobil Corp | 1.08% | 1.38% | 0.30% |
90.4% of HELO is already inside GSPY.
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, GSPY or HELO?
GSPY has an expense ratio of 0.50% while HELO charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, GSPY or HELO?
Over the past year GSPY returned +20.41% vs +7.68% for HELO, so GSPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSPY or HELO?
GSPY has been the more volatile fund at 11.9% annualized versus 7.3% for HELO. Worst drawdown: GSPY -18.7% vs HELO -10.9%.
Should I hold both GSPY and HELO?
GSPY and HELO have a monthly-return correlation of 0.94, 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 GSPY and HELO?
90.4% of HELO's money is in holdings GSPY also owns. 90.4% of HELO's is in holdings GSPY also owns. They hold 129 positions in common, counted across the 501 positions we hold weights for in GSPY and 146 in HELO.
Which pays a higher dividend, GSPY or HELO?
GSPY yields 2.28% while HELO yields 0.57%, so GSPY currently pays the higher dividend yield.
Is HELO better than GSPY?
GSPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. GSPY is less concentrated, with 39.2% 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.