HELO vs LBO
JPMorgan Hedged Equity Laddered Overlay ETF vs WHITEWOLF Publicly Listed Private Equity ETF
Which is better, HELO or LBO?
HELO has been ahead.
HELO has a lower expense ratio. HELO led over 1Y and the full window. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 69.2%.
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 | HELO | LBO |
|---|---|---|
| Expense Ratio | 0.50%Best | 6.53% |
| AUM | $4.9B | $6M |
| Dividend Yield | 0.57% | 6.27% |
| Holdings | 156 | 40 |
| YTD Return | +4.91%Best | -20.48% |
| 1Y Return | +7.68%Best | -18.75% |
| 3Y Return (annualized) | +11.88% | - |
| Volatility (annualized) | 6.8%Best | 19.8% |
| Max Drawdown | -10.9%Best | -32.9% |
| $10,000 over 2.9 years | $13,623Best | $9,176 |
| Top 10 Weight | 40.1%Best | 69.2% |
| Fund Family | J.P. Morgan Asset Management | White Wolf Capital Advisors |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Nov 30, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 30, 2023 to Oct 14, 2026 (2.9 years).
HELO vs LBO 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 2.9 years both funds cover.
HELO vs LBO Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and WHITEWOLF Publicly Listed Private Equity ETF (LBO) is an ETF from White Wolf Capital Advisors. Over the past year HELO returned +7.68% while LBO returned -18.75%. Year to date, HELO is up 4.91% versus a loss of 20.48% for LBO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LBO has been the more volatile fund, with annualized monthly volatility of 19.8% compared with 6.8% 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 -10.9% for HELO and -32.9% for LBO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HELO charges 0.50% per year while LBO charges 6.53%. On a $10,000 position that is $50 vs $653 annually, a gap of $603 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 6.27% for LBO.
Holdings Overlap
0.4% of HELO's money is in holdings LBO also owns. 14.2% of LBO's money is in holdings HELO also owns.
LBO and HELO share little of their money.
2 positions in common, counted across the 146 positions we hold weights for in HELO and 38 in LBO, against full books of 156 and 40.
What only one of them owns
Our book lists 34 positions for LBO that do not appear in our book for HELO (78.8% of the fund), and 141 for HELO that do not appear in LBO (98.1%).
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 HELO and LBO 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, HELO or LBO?
HELO has an expense ratio of 0.50% while LBO charges 6.53%. HELO is the cheaper option, by $603 a year on a $10,000 investment.
Which performed better, HELO or LBO?
Over the past year HELO returned +7.68% vs -18.75% for LBO, so HELO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or LBO?
LBO has been the more volatile fund at 19.8% annualized versus 6.8% for HELO. Worst drawdown: HELO -10.9% vs LBO -32.9%.
Should I hold both HELO and LBO?
HELO and LBO have a monthly-return correlation of 0.53, 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 HELO and LBO?
14.2% of LBO's money is in holdings HELO also owns. 14.2% of LBO's is in holdings HELO also owns. They hold 2 positions in common, counted across the 146 positions we hold weights for in HELO and 38 in LBO.
Which pays a higher dividend, HELO or LBO?
HELO yields 0.57% while LBO yields 6.27%, so LBO currently pays the higher dividend yield.
Is LBO better than HELO?
HELO has a lower expense ratio. HELO led over 1Y and the full window. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 69.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.