HELO vs LVOL
JPMorgan Hedged Equity Laddered Overlay ETF vs American Century Low Volatility ETF
Which is better, HELO or LVOL?
LVOL has been ahead.
LVOL has a lower expense ratio. LVOL led over 1Y and the full window.
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 | LVOL |
|---|---|---|
| Expense Ratio | 0.50% | 0.29%Best |
| AUM | $4.9B | $9M |
| Dividend Yield | 0.57% | 1.09% |
| Holdings | 156 | 201 |
| Volatility (annualized) | 8.4%Best | 12.2% |
| Max Drawdown | -10.9%Best | -15.1% |
| $10,000 over 1.6 years | $11,816 | $12,096Best |
| Fund Family | J.P. Morgan Asset Management | American Century Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Jan 12, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 540 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. HELO has data through Oct 14, 2026 and LVOL through Apr 22, 2025.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Sep 29, 2023 to Apr 22, 2025 (1.6 years).
Risk: Volatility and Drawdowns
LVOL has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 8.4% 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 -15.1% for LVOL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HELO charges 0.50% per year while LVOL charges 0.29%. On a $10,000 position that is $50 vs $29 annually, a gap of $21 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 1.09% for LVOL.
You are not choosing between two funds in isolation.
Whichever of HELO and LVOL 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 LVOL?
HELO has an expense ratio of 0.50% while LVOL charges 0.29%. LVOL is the cheaper option, by $21 a year on a $10,000 investment.
Which is riskier, HELO or LVOL?
LVOL has been the more volatile fund at 12.2% annualized versus 8.4% for HELO. Worst drawdown: HELO -10.9% vs LVOL -15.1%.
Should I hold both HELO and LVOL?
HELO and LVOL have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HELO or LVOL?
HELO yields 0.57% while LVOL yields 1.09%, so LVOL currently pays the higher dividend yield.
Is LVOL better than HELO?
LVOL has a lower expense ratio. LVOL led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.