HELO vs OALC
JPMorgan Hedged Equity Laddered Overlay ETF vs OneAscent Large Cap Core ETF
Which is better, HELO or OALC?
OALC has been ahead.
OALC has a lower expense ratio. OALC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. OALC is less concentrated, with 34.0% 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 | OALC |
|---|---|---|
| Expense Ratio | 0.50% | 0.49%Best |
| AUM | $4.9B | $280M |
| Dividend Yield | 0.57% | 0.52% |
| Holdings | 156 | 424 |
| YTD Return | +4.91% | +16.12%Best |
| 1Y Return | +7.68% | +19.96%Best |
| 3Y Return (annualized) | +11.88% | +22.66%Best |
| 5Y Return (annualized) | - | +11.01% |
| Volatility (annualized) | 7.3%Best | 12.7% |
| Max Drawdown | -10.9%Best | -17.6% |
| $10,000 over 3 years | $14,128 | $18,527Best |
| Top 10 Weight | 40.1% | 34.0%Best |
| Fund Family | J.P. Morgan Asset Management | OneAscent Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Nov 15, 2021 |
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 OALC 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 OALC Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and OneAscent Large Cap Core ETF (OALC) is an ETF from OneAscent Investments. Over the past year HELO returned +7.68% while OALC returned +19.96%. Year to date, HELO is up 4.91% versus a gain of 16.12% for OALC.
Over three years, HELO compounded at +11.88% per year against +22.66% for OALC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OALC has been the more volatile fund, with annualized monthly volatility of 12.7% 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 OALC. 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 OALC charges 0.49%. On a $10,000 position that is $50 vs $49 annually, a gap of $1 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 0.52% for OALC.
Holdings Overlap
64.9% of HELO's money is in holdings OALC also owns. 61.1% of OALC's money is in holdings HELO also owns.
The two portfolios partly overlap.
80 positions in common, counted across the 146 positions we hold weights for in HELO and 211 in OALC, against full books of 156 and 424.
What only one of them owns
Our book lists 129 positions for OALC that do not appear in our book for HELO (37.8% of the fund), and 62 for HELO that do not appear in OALC (33.5%).
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 OALC | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.17% | 8.63% | 0.46% |
| MSFTMicrosoft Corp_None_0 | 6.29% | 6.37% | 0.08% |
| AMZNAmazon.Com Inc | 4.26% | 3.83% | 0.43% |
| GOOGLAlphabet Inc-cl A | 3.16% | 3.20% | 0.04% |
| AVGOBroadcom Inc | 2.64% | 2.61% | 0.03% |
| GOOGAlphabet, Inc.- Cl C | 2.26% | 2.59% | 0.33% |
| MUMicron Technology, Inc. | 1.70% | 1.87% | 0.17% |
| AMDAdvanced Micro Devices Inc. | 1.28% | 1.61% | 0.33% |
| LLYEli Lilly & Co. | 1.14% | 1.64% | 0.50% |
| XOMExxon Mobil Corp | 1.38% | 1.16% | 0.22% |
64.9% of HELO is already inside OALC.
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 OALC?
HELO has an expense ratio of 0.50% while OALC charges 0.49%. OALC is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, HELO or OALC?
Over the past year HELO returned +7.68% vs +19.96% for OALC, so OALC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or OALC?
OALC has been the more volatile fund at 12.7% annualized versus 7.3% for HELO. Worst drawdown: HELO -10.9% vs OALC -17.6%.
Should I hold both HELO and OALC?
HELO and OALC 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 OALC?
64.9% of HELO's money is in holdings OALC also owns. 61.1% of OALC's is in holdings HELO also owns. They hold 80 positions in common, counted across the 146 positions we hold weights for in HELO and 211 in OALC.
Which pays a higher dividend, HELO or OALC?
HELO yields 0.57% while OALC yields 0.52%, so HELO currently pays the higher dividend yield.
Is OALC better than HELO?
OALC has a lower expense ratio. OALC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. OALC is less concentrated, with 34.0% 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.