HELO vs MODL
JPMorgan Hedged Equity Laddered Overlay ETF vs VictoryShares WestEnd US Sector ETF
Which is better, HELO or MODL?
Nearly the same fund. MODL costs less.
MODL has a lower expense ratio. MODL led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. MODL is less concentrated, with 34.5% 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 | HELO | MODL |
|---|---|---|
| Expense Ratio | 0.50% | 0.46%Best |
| AUM | $4.9B | $1.1B |
| Dividend Yield | 0.57% | 0.70% |
| Holdings | 156 | 724 |
| YTD Return | +4.91% | +11.79%Best |
| 1Y Return | +7.68% | +15.41%Best |
| 3Y Return (annualized) | +11.88% | +21.46%Best |
| Volatility (annualized) | 7.3%Best | 11.8% |
| Max Drawdown | -10.9%Best | -17.6% |
| $10,000 over 3 years | $14,128 | $18,109Best |
| Top 10 Weight | 40.1% | 34.5%Best |
| Fund Family | J.P. Morgan Asset Management | Victory Capital Management Inc. |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Oct 11, 2022 |
Not shown on this pair: 5Y Return (annualized).
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).
HELO vs MODL 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.
HELO vs MODL Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and VictoryShares WestEnd US Sector ETF (MODL) is an ETF from Victory Capital Management Inc.. Over the past year HELO returned +7.68% while MODL returned +15.41%. Year to date, HELO is up 4.91% versus a gain of 11.79% for MODL.
Over three years, HELO compounded at +11.88% per year against +21.46% for MODL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MODL has been the more volatile fund, with annualized monthly volatility of 11.8% 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 -10.9% for HELO and -17.6% for MODL. 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 MODL charges 0.46%. On a $10,000 position that is $50 vs $46 annually, a gap of $4 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 0.70% for MODL.
Holdings Overlap
80.4% of HELO's money is in holdings MODL also owns. 63.9% of MODL's money is in holdings HELO also owns.
Most of HELO is already inside MODL. Owning both mostly buys the same companies twice.
99 positions in common, counted across the 146 positions we hold weights for in HELO and 361 in MODL, against full books of 156 and 724.
What only one of them owns
Our book lists 249 positions for MODL that do not appear in our book for HELO (35.1% of the fund), and 44 for HELO that do not appear in MODL (18.4%).
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 MODL | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.17% | 6.45% | 1.72% |
| AAPLApple Inc | 7.01% | 6.16% | 0.85% |
| MSFTMicrosoft Corp_None_0 | 6.29% | 4.58% | 1.71% |
| AMZNAmazon.Com Inc | 4.26% | 2.07% | 2.19% |
| GOOGLAlphabet Inc-cl A | 3.16% | 3.12% | 0.04% |
| GOOGAlphabet, Inc.- Cl C | 2.26% | 2.69% | 0.43% |
| AVGOBroadcom Inc | 2.64% | 2.17% | 0.47% |
| METAMeta Platforms, Inc. | 2.31% | 2.22% | 0.09% |
| ABBVAbbvie Inc. | 1.12% | 2.69% | 1.57% |
| LLYEli Lilly & Co. | 1.14% | 2.01% | 0.87% |
80.4% of HELO is already inside MODL.
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 MODL?
HELO has an expense ratio of 0.50% while MODL charges 0.46%. MODL is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, HELO or MODL?
Over the past year HELO returned +7.68% vs +15.41% for MODL, so MODL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or MODL?
MODL has been the more volatile fund at 11.8% annualized versus 7.3% for HELO. Worst drawdown: HELO -10.9% vs MODL -17.6%.
Should I hold both HELO and MODL?
HELO and MODL 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 MODL?
80.4% of HELO's money is in holdings MODL also owns. 63.9% of MODL's is in holdings HELO also owns. They hold 99 positions in common, counted across the 146 positions we hold weights for in HELO and 361 in MODL.
Which pays a higher dividend, HELO or MODL?
HELO yields 0.57% while MODL yields 0.70%, so MODL currently pays the higher dividend yield.
Is MODL better than HELO?
MODL has a lower expense ratio. MODL led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. MODL is less concentrated, with 34.5% 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.