HELO vs PSET
JPMorgan Hedged Equity Laddered Overlay ETF vs Principal Quality ETF
Which is better, HELO or PSET?
Each has led over a different period.
PSET has a lower expense ratio. HELO led over 1Y, PSET over 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. PSET is less concentrated, with 34.2% 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 | PSET |
|---|---|---|
| Expense Ratio | 0.50% | 0.15%Best |
| AUM | $4.9B | $26M |
| Dividend Yield | 0.57% | 0.69% |
| Holdings | 156 | 150 |
| YTD Return | +4.91% | +5.26%Best |
| 1Y Return | +7.68%Best | +6.00% |
| 3Y Return (annualized) | +11.88% | +13.51%Best |
| 5Y Return (annualized) | - | +8.64% |
| Volatility (annualized) | 7.3%Best | 13.3% |
| Max Drawdown | -10.9%Best | -22.0% |
| $10,000 over 3 years | $14,128 | $14,866Best |
| Top 10 Weight | 40.1% | 34.2%Best |
| Fund Family | J.P. Morgan Asset Management | Principal Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Mar 21, 2016 |
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 PSET 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 PSET Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and Principal Quality ETF (PSET) is an ETF from Principal Funds. Over the past year HELO returned +7.68% while PSET returned +6.00%. Year to date, HELO is up 4.91% versus a gain of 5.26% for PSET.
Over three years, HELO compounded at +11.88% per year against +13.51% for PSET.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSET has been the more volatile fund, with annualized monthly volatility of 13.3% 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 -22.0% for PSET. 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 PSET charges 0.15%. On a $10,000 position that is $50 vs $15 annually, a gap of $35 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 0.69% for PSET.
Holdings Overlap
46.4% of HELO's money is in holdings PSET also owns. 51.0% of PSET's money is in holdings HELO also owns.
The two portfolios partly overlap.
29 positions in common, counted across the 146 positions we hold weights for in HELO and 73 in PSET, against full books of 156 and 150.
What only one of them owns
Our book lists 42 positions for PSET that do not appear in our book for HELO (46.9% of the fund), and 114 for HELO that do not appear in PSET (52.0%).
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 PSET | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.17% | 7.13% | 1.04% |
| AAPLApple, Inc | 7.01% | 6.11% | 0.90% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.29% | 4.38% | 1.91% |
| AMZNAmazon.Com Inc | 4.26% | 2.27% | 1.99% |
| GOOGAlphabet, Inc.- Cl C | 2.26% | 2.88% | 0.62% |
| GOOGLAlphabet Inc-cl A | 3.16% | 1.28% | 1.88% |
| AVGOBroadcom Inc | 2.64% | 1.19% | 1.45% |
| METAMeta Platform Inc | 2.31% | 0.97% | 1.34% |
| PANWPalo Alto Networks Inc. | 0.27% | 2.98% | 2.71% |
| VVisa Inc. 'A' | 0.96% | 2.14% | 1.18% |
51.0% of PSET 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 PSET?
HELO has an expense ratio of 0.50% while PSET charges 0.15%. PSET is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, HELO or PSET?
Over the past year HELO returned +7.68% vs +6.00% for PSET, 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 PSET?
PSET has been the more volatile fund at 13.3% annualized versus 7.3% for HELO. Worst drawdown: HELO -10.9% vs PSET -22.0%.
Should I hold both HELO and PSET?
HELO and PSET 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 PSET?
51.0% of PSET's money is in holdings HELO also owns. 51.0% of PSET's is in holdings HELO also owns. They hold 29 positions in common, counted across the 146 positions we hold weights for in HELO and 73 in PSET.
Which pays a higher dividend, HELO or PSET?
HELO yields 0.57% while PSET yields 0.69%, so PSET currently pays the higher dividend yield.
Is PSET better than HELO?
PSET has a lower expense ratio. HELO led over 1Y, PSET over 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. PSET is less concentrated, with 34.2% 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.