HELO vs NANC
JPMorgan Hedged Equity Laddered Overlay ETF vs Subversive Congressional Democrats Trading ETF
Which is better, HELO or NANC?
NANC has been ahead.
HELO has a lower expense ratio. NANC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 47.5%.
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 | NANC |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.72% |
| AUM | $4.9B | $298M |
| Dividend Yield | 0.57% | 0.18% |
| Holdings | 156 | 181 |
| YTD Return | +4.91% | +13.64%Best |
| 1Y Return | +7.68% | +15.98%Best |
| 3Y Return (annualized) | +11.88% | +23.88%Best |
| Volatility (annualized) | 7.3%Best | 14.8% |
| Max Drawdown | -10.9%Best | -20.9% |
| $10,000 over 3 years | $14,128 | $19,270Best |
| Top 10 Weight | 40.1%Best | 47.5% |
| Fund Family | J.P. Morgan Asset Management | Subversive Capital |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Feb 7, 2023 |
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 NANC 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 NANC Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and Subversive Congressional Democrats Trading ETF (NANC) is an ETF from Subversive Capital. Over the past year HELO returned +7.68% while NANC returned +15.98%. Year to date, HELO is up 4.91% versus a gain of 13.64% for NANC.
Over three years, HELO compounded at +11.88% per year against +23.88% for NANC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NANC has been the more volatile fund, with annualized monthly volatility of 14.8% 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 -20.9% for NANC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. 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 NANC charges 0.72%. On a $10,000 position that is $50 vs $72 annually, a gap of $22 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 0.18% for NANC.
Holdings Overlap
54.1% of HELO's money is in holdings NANC also owns. 71.0% of NANC's money is in holdings HELO also owns.
Most of NANC is already inside HELO. Owning both mostly buys the same companies twice.
39 positions in common, counted across the 146 positions we hold weights for in HELO and 89 in NANC, against full books of 156 and 181.
What only one of them owns
Our book lists 48 positions for NANC that do not appear in our book for HELO (28.2% of the fund), and 104 for HELO that do not appear in NANC (44.4%).
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 NANC | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.17% | 8.78% | 0.61% |
| MSFTMicrosoft Corp | 6.29% | 6.66% | 0.37% |
| AAPLApple, Inc | 7.01% | 4.41% | 2.60% |
| AMZNAmazon.Com Inc | 4.26% | 4.69% | 0.43% |
| GOOGAlphabet Inc. C | 2.26% | 5.73% | 3.47% |
| CRWDCrowdstrike Holdings Inc | 0.19% | 4.59% | 4.40% |
| AMATApplied Materials, Inc. | 0.20% | 4.52% | 4.32% |
| METAMeta Platforms Inc | 2.31% | 2.37% | 0.06% |
| MUMicron Technology, Inc. | 1.70% | 2.69% | 0.99% |
| PMPhilip Morris International Inc. | 0.74% | 2.94% | 2.20% |
71.0% of NANC 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 NANC?
HELO has an expense ratio of 0.50% while NANC charges 0.72%. HELO is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, HELO or NANC?
Over the past year HELO returned +7.68% vs +15.98% for NANC, so NANC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or NANC?
NANC has been the more volatile fund at 14.8% annualized versus 7.3% for HELO. Worst drawdown: HELO -10.9% vs NANC -20.9%.
Should I hold both HELO and NANC?
HELO and NANC have a monthly-return correlation of 0.91, 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 NANC?
71.0% of NANC's money is in holdings HELO also owns. 71.0% of NANC's is in holdings HELO also owns. They hold 39 positions in common, counted across the 146 positions we hold weights for in HELO and 89 in NANC.
Which pays a higher dividend, HELO or NANC?
HELO yields 0.57% while NANC yields 0.18%, so HELO currently pays the higher dividend yield.
Is NANC better than HELO?
HELO has a lower expense ratio. NANC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 47.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.