HELO vs PWRD
JPMorgan Hedged Equity Laddered Overlay ETF vs TCW Transform Systems ETF
Which is better, HELO or PWRD?
Each has led over a different period.
HELO has a lower expense ratio. HELO led over 1Y, PWRD over 3Y and the full window. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 50.6%.
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 | PWRD |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.75% |
| AUM | $4.9B | $1.5B |
| Dividend Yield | 0.57% | 0.06% |
| Holdings | 156 | 56 |
| YTD Return | +4.91%Best | +3.29% |
| 1Y Return | +7.68%Best | +2.06% |
| 3Y Return (annualized) | +11.88% | +25.66%Best |
| Volatility (annualized) | 7.3%Best | 21.9% |
| Max Drawdown | -10.9%Best | -25.9% |
| $10,000 over 3 years | $14,128 | $19,956Best |
| Top 10 Weight | 40.1%Best | 50.6% |
| Fund Family | J.P. Morgan Asset Management | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Feb 2, 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 PWRD 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 PWRD Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year HELO returned +7.68% while PWRD returned +2.06%. Year to date, HELO is up 4.91% versus a gain of 3.29% for PWRD.
Over three years, HELO compounded at +11.88% per year against +25.66% for PWRD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWRD has been the more volatile fund, with annualized monthly volatility of 21.9% 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 -25.9% for PWRD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HELO charges 0.50% per year while PWRD charges 0.75%. On a $10,000 position that is $50 vs $75 annually, a gap of $25 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 0.06% for PWRD.
Holdings Overlap
6.5% of HELO's money is in holdings PWRD also owns. 33.1% of PWRD's money is in holdings HELO also owns.
The two portfolios partly overlap.
8 positions in common, counted across the 146 positions we hold weights for in HELO and 28 in PWRD, against full books of 156 and 56.
What only one of them owns
Our book lists 14 positions for PWRD that do not appear in our book for HELO (48.3% of the fund), and 135 for HELO that do not appear in PWRD (91.9%).
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 PWRD | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.64% | 3.79% | 1.15% |
| ANETArista Networks Inc Common Stock | 0.40% | 5.72% | 5.32% |
| AMATApplied Materials, Inc. | 0.20% | 4.88% | 4.68% |
| XOMExxonmobil Corp. | 1.38% | 3.35% | 1.97% |
| UNPUnion Pacific Corp | 0.25% | 4.29% | 4.04% |
| VRTVertiv Holdings Co | 0.53% | 3.89% | 3.36% |
| TTTrane Technologies PLC|125 | 0.83% | 3.58% | 2.75% |
| GEVGe Vernova, Inc. | 0.27% | 3.56% | 3.29% |
33.1% of PWRD 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 PWRD?
HELO has an expense ratio of 0.50% while PWRD charges 0.75%. HELO is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, HELO or PWRD?
Over the past year HELO returned +7.68% vs +2.06% for PWRD, 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 PWRD?
PWRD has been the more volatile fund at 21.9% annualized versus 7.3% for HELO. Worst drawdown: HELO -10.9% vs PWRD -25.9%.
Should I hold both HELO and PWRD?
HELO and PWRD have a monthly-return correlation of 0.61, 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 PWRD?
33.1% of PWRD's money is in holdings HELO also owns. 33.1% of PWRD's is in holdings HELO also owns. They hold 8 positions in common, counted across the 146 positions we hold weights for in HELO and 28 in PWRD.
Which pays a higher dividend, HELO or PWRD?
HELO yields 0.57% while PWRD yields 0.06%, so HELO currently pays the higher dividend yield.
Is PWRD better than HELO?
HELO has a lower expense ratio. HELO led over 1Y, PWRD over 3Y and the full window. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 50.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.