HELO vs LDRX
JPMorgan Hedged Equity Laddered Overlay ETF vs SGI Enhanced Market Leaders ETF
Which is better, HELO or LDRX?
LDRX has been ahead.
HELO has a lower expense ratio. LDRX led over 1Y and the full window. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 55.2%.
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 | LDRX |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.59% |
| AUM | $4.9B | $261M |
| Dividend Yield | 0.57% | 0.97% |
| Holdings | 156 | 104 |
| YTD Return | +4.91% | +13.27%Best |
| 1Y Return | +7.68% | +16.78%Best |
| 3Y Return (annualized) | +11.88% | - |
| Volatility (annualized) | 6.5%Best | 13.6% |
| Max Drawdown | -5.8%Best | -10.6% |
| $10,000 over 1.4 years | $11,662 | $13,893Best |
| Top 10 Weight | 40.1%Best | 55.2% |
| Fund Family | J.P. Morgan Asset Management | Summit Global Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | May 5, 2025 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: May 5, 2025 to Oct 14, 2026 (1.4 years).
HELO vs LDRX 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 1.4 years both funds cover.
HELO vs LDRX Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and SGI Enhanced Market Leaders ETF (LDRX) is an ETF from Summit Global Investments. Over the past year HELO returned +7.68% while LDRX returned +16.78%. Year to date, HELO is up 4.91% versus a gain of 13.27% for LDRX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LDRX has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 6.5% 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 -5.8% for HELO and -10.6% for LDRX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HELO charges 0.50% per year while LDRX charges 0.59%. On a $10,000 position that is $50 vs $59 annually, a gap of $9 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 0.97% for LDRX.
Holdings Overlap
68.3% of HELO's money is in holdings LDRX also owns. 80.7% of LDRX's money is in holdings HELO also owns.
Most of LDRX is already inside HELO. Owning both mostly buys the same companies twice.
58 positions in common, counted across the 146 positions we hold weights for in HELO and 100 in LDRX, against full books of 156 and 104.
What only one of them owns
Measured across the 146 and 100 positions we hold weights for.
HELO holds 84 positions LDRX does not, 30.2% of the fund.
Largest: JIMXX 2.29%, GOOG 2.26%, BRK.A 1.23%, TT 0.83%, EOG 0.81%
Top Shared Holdings
| Stock | Weight in HELO | Weight in LDRX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.17% | 11.55% | 3.38% |
| AAPLApple, Inc | 7.01% | 9.87% | 2.86% |
| MSFTMicrosoft Corp | 6.29% | 7.76% | 1.47% |
| GOOGLAlphabet Inc | 3.16% | 7.61% | 4.45% |
| AMZNAmazon.Com Inc | 4.26% | 5.13% | 0.87% |
| AVGOBroadcom Inc | 2.64% | 3.43% | 0.79% |
| METAMeta Platforms Inc | 2.31% | 3.28% | 0.97% |
| MUMicron Technology, Inc. | 1.70% | 2.53% | 0.83% |
| AMDAdvanced Micro Devices Inc | 1.28% | 2.03% | 0.75% |
| TSLATesla Inc | 1.22% | 2.00% | 0.78% |
80.7% of LDRX 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 LDRX?
HELO has an expense ratio of 0.50% while LDRX charges 0.59%. HELO is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, HELO or LDRX?
Over the past year HELO returned +7.68% vs +16.78% for LDRX, so LDRX leads on 1-year performance. Over the longest common window we track (1 years), HELO annualized +11.61% vs +26.47% for LDRX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or LDRX?
LDRX has been the more volatile fund at 13.6% annualized versus 6.5% for HELO. Worst drawdown: HELO -5.8% vs LDRX -10.6%.
Should I hold both HELO and LDRX?
HELO and LDRX have a monthly-return correlation of 0.86, 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 LDRX?
80.7% of LDRX's money is in holdings HELO also owns. 80.7% of LDRX's is in holdings HELO also owns. They hold 58 positions in common, counted across the 146 positions we hold weights for in HELO and 100 in LDRX.
Which pays a higher dividend, HELO or LDRX?
HELO yields 0.57% while LDRX yields 0.97%, so LDRX currently pays the higher dividend yield.
Is LDRX better than HELO?
HELO has a lower expense ratio. LDRX led over 1Y and the full window. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 55.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.