HELO vs POWA
JPMorgan Hedged Equity Laddered Overlay ETF vs Invesco Bloomberg Pricing Power ETF
Which is better, HELO or POWA?
HELO has been ahead.
POWA has a lower expense ratio. HELO led over 1Y, 3Y and the full window. POWA is less concentrated, with 22.9% 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 | POWA |
|---|---|---|
| Expense Ratio | 0.50% | 0.40%Best |
| AUM | $4.9B | $162M |
| Dividend Yield | 0.57% | 0.98% |
| Holdings | 156 | 106 |
| YTD Return | +4.91%Best | -0.75% |
| 1Y Return | +7.68%Best | -0.04% |
| 3Y Return (annualized) | +11.88%Best | +10.97% |
| 5Y Return (annualized) | - | +6.65% |
| Volatility (annualized) | 7.3%Best | 11.5% |
| Max Drawdown | -10.9%Best | -15.7% |
| $10,000 over 3 years | $14,128Best | $13,896 |
| Top 10 Weight | 40.1% | 22.9%Best |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Dec 15, 2006 |
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 POWA 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 POWA Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and Invesco Bloomberg Pricing Power ETF (POWA) is an ETF from Invesco (US). Over the past year HELO returned +7.68% while POWA returned -0.04%. Year to date, HELO is up 4.91% versus a loss of 0.75% for POWA.
Over three years, HELO compounded at +11.88% per year against +10.97% for POWA.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
POWA has been the more volatile fund, with annualized monthly volatility of 11.5% 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 -15.7% for POWA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HELO charges 0.50% per year while POWA charges 0.40%. On a $10,000 position that is $50 vs $40 annually, a gap of $10 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 0.98% for POWA.
Holdings Overlap
11.4% of HELO's money is in holdings POWA also owns. 25.4% of POWA's money is in holdings HELO also owns.
POWA and HELO share little of their money.
13 positions in common, counted across the 146 positions we hold weights for in HELO and 51 in POWA, against full books of 156 and 106.
What only one of them owns
Our book lists 38 positions for POWA that do not appear in our book for HELO (74.6% of the fund), and 130 for HELO that do not appear in POWA (87.0%).
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 POWA | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.29% | 2.26% | 4.03% |
| ACNAccenture Plc | 0.65% | 2.30% | 1.65% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 0.53% | 2.29% | 1.76% |
| PEPPepsico Inc. | 0.80% | 1.87% | 1.07% |
| WMTWalmart, Inc. | 0.64% | 1.93% | 1.29% |
| LOWLowes Cos., Inc. | 0.81% | 1.74% | 0.93% |
| CORCencora Inc | 0.40% | 2.06% | 1.66% |
| AZOAutozone Inc Snr S* Ice | 0.33% | 1.92% | 1.59% |
| ADSKAutodesk, Inc. | 0.26% | 1.79% | 1.53% |
| NBIXNeurocrine Biosciences Inc | 0.10% | 1.95% | 1.85% |
25.4% of POWA 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 POWA?
HELO has an expense ratio of 0.50% while POWA charges 0.40%. POWA is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, HELO or POWA?
Over the past year HELO returned +7.68% vs -0.04% for POWA, so HELO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or POWA?
POWA has been the more volatile fund at 11.5% annualized versus 7.3% for HELO. Worst drawdown: HELO -10.9% vs POWA -15.7%.
Should I hold both HELO and POWA?
HELO and POWA have a monthly-return correlation of 0.75, 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 POWA?
25.4% of POWA's money is in holdings HELO also owns. 25.4% of POWA's is in holdings HELO also owns. They hold 13 positions in common, counted across the 146 positions we hold weights for in HELO and 51 in POWA.
Which pays a higher dividend, HELO or POWA?
HELO yields 0.57% while POWA yields 0.98%, so POWA currently pays the higher dividend yield.
Is POWA better than HELO?
POWA has a lower expense ratio. HELO led over 1Y, 3Y and the full window. POWA is less concentrated, with 22.9% 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.