HELO vs LCDS
JPMorgan Hedged Equity Laddered Overlay ETF vs JPMorgan Fundamental Data Science Large Core ETF
Which is better, HELO or LCDS?
Nearly the same fund. LCDS costs less.
LCDS has a lower expense ratio. LCDS led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 44.3%.
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 | LCDS |
|---|---|---|
| Expense Ratio | 0.50% | 0.30%Best |
| AUM | $4.9B | $17M |
| Dividend Yield | 0.57% | 0.86% |
| Holdings | 156 | 230 |
| YTD Return | +4.91% | +13.43%Best |
| 1Y Return | +7.68% | +18.13%Best |
| 3Y Return (annualized) | +11.88% | - |
| Volatility (annualized) | 7.1%Best | 11.9% |
| Max Drawdown | -10.9%Best | -18.4% |
| $10,000 over 2.2 years | $12,225 | $14,806Best |
| Top 10 Weight | 40.1%Best | 44.3% |
| Fund Family | J.P. Morgan Asset Management | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Aug 7, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 8, 2024 to Oct 14, 2026 (2.2 years).
HELO vs LCDS 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 2.2 years both funds cover.
HELO vs LCDS Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and JPMorgan Fundamental Data Science Large Core ETF (LCDS) is an ETF from J.P. Morgan Asset Management. Over the past year HELO returned +7.68% while LCDS returned +18.13%. Year to date, HELO is up 4.91% versus a gain of 13.43% for LCDS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LCDS has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 7.1% 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 -18.4% for LCDS. 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
HELO charges 0.50% per year while LCDS charges 0.30%. On a $10,000 position that is $50 vs $30 annually, a gap of $20 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 0.86% for LCDS.
Holdings Overlap
79.7% of HELO's money is in holdings LCDS also owns. 88.3% of LCDS's money is in holdings HELO also owns.
Most of LCDS is already inside HELO. Owning both mostly buys the same companies twice.
83 positions in common, counted across the 146 positions we hold weights for in HELO and 113 in LCDS, against full books of 156 and 230.
What only one of them owns
Our book lists 29 positions for LCDS that do not appear in our book for HELO (11.1% of the fund), and 61 for HELO that do not appear in LCDS (19.1%).
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.
Top Shared Holdings
| Stock | Weight in HELO | Weight in LCDS | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.17% | 9.22% | 1.05% |
| AAPLApple Inc | 7.01% | 7.46% | 0.45% |
| MSFTMicrosoft Corp_None_0 | 6.29% | 6.60% | 0.31% |
| AMZNAmazon.Com Inc | 4.26% | 4.19% | 0.07% |
| GOOGLAlphabet Inc-cl A | 3.16% | 4.95% | 1.79% |
| METAMeta Platforms, Inc. | 2.31% | 3.02% | 0.71% |
| AVGOBroadcom Inc | 2.64% | 2.34% | 0.30% |
| MUMicron Technology, Inc. | 1.70% | 2.67% | 0.97% |
| XOMExxon Mobil Corp | 1.38% | 1.88% | 0.50% |
| AMDAdvanced Micro Devices Inc. | 1.28% | 1.71% | 0.43% |
88.3% of LCDS is already inside HELO.
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, HELO or LCDS?
HELO has an expense ratio of 0.50% while LCDS charges 0.30%. LCDS is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, HELO or LCDS?
Over the past year HELO returned +7.68% vs +18.13% for LCDS, so LCDS leads on 1-year performance. Over the longest common window we track (2 years), HELO annualized +9.56% vs +19.53% for LCDS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or LCDS?
LCDS has been the more volatile fund at 11.9% annualized versus 7.1% for HELO. Worst drawdown: HELO -10.9% vs LCDS -18.4%.
Should I hold both HELO and LCDS?
HELO and LCDS 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 HELO and LCDS?
88.3% of LCDS's money is in holdings HELO also owns. 88.3% of LCDS's is in holdings HELO also owns. They hold 83 positions in common, counted across the 146 positions we hold weights for in HELO and 113 in LCDS.
Which pays a higher dividend, HELO or LCDS?
HELO yields 0.57% while LCDS yields 0.86%, so LCDS currently pays the higher dividend yield.
Is LCDS better than HELO?
LCDS has a lower expense ratio. LCDS led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 44.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.