HELO vs QLTY
JPMorgan Hedged Equity Laddered Overlay ETF vs GMO US Quality ETF
Which is better, HELO or QLTY?
QLTY has been ahead.
QLTY 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 45.5%.
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 | QLTY |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $4.9B | $5.4B |
| Dividend Yield | 0.57% | 0.66% |
| Holdings | 156 | 90 |
| YTD Return | +4.91% | +14.13%Best |
| 1Y Return | +7.68% | +20.95%Best |
| 3Y Return (annualized) | +11.88% | +21.84%Best |
| Volatility (annualized) | 6.8%Best | 11.9% |
| Max Drawdown | -10.9%Best | -17.0% |
| $10,000 over 2.9 years | $13,690 | $17,733Best |
| Top 10 Weight | 40.1%Best | 45.5% |
| Fund Family | J.P. Morgan Asset Management | GMO |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Nov 13, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 15, 2023 to Oct 14, 2026 (2.9 years).
HELO vs QLTY 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 2.9 years both funds cover.
HELO vs QLTY Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and GMO US Quality ETF (QLTY) is an ETF from GMO. Over the past year HELO returned +7.68% while QLTY returned +20.95%. Year to date, HELO is up 4.91% versus a gain of 14.13% for QLTY.
Over three years, HELO compounded at +11.88% per year against +21.84% for QLTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QLTY has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 6.8% 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 -17.0% for QLTY. 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 QLTY charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, HELO currently yields 0.57% against 0.66% for QLTY.
Holdings Overlap
45.3% of HELO's money is in holdings QLTY also owns. 70.0% of QLTY's money is in holdings HELO also owns.
Most of QLTY is already inside HELO. Owning both mostly buys the same companies twice.
23 positions in common, counted across the 146 positions we hold weights for in HELO and 45 in QLTY, against full books of 156 and 90.
What only one of them owns
Our book lists 22 positions for QLTY that do not appear in our book for HELO (29.7% of the fund), and 120 for HELO that do not appear in QLTY (53.1%).
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 QLTY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.29% | 8.00% | 1.71% |
| NVDANvidia Corp | 8.17% | 3.30% | 4.87% |
| AAPLApple, Inc | 7.01% | 4.20% | 2.81% |
| GOOGLAlphabet Inc | 3.16% | 4.90% | 1.74% |
| AMZNAmazon.Com Inc | 4.26% | 3.50% | 0.76% |
| METAMeta Platforms Inc | 2.31% | 4.80% | 2.49% |
| AVGOBroadcom Inc | 2.64% | 3.70% | 1.06% |
| JNJJohnson & Johnson - Common | 1.40% | 4.10% | 2.70% |
| LRCXLam Research Corp | 1.01% | 4.20% | 3.19% |
| TMOThermo Fisherscientific Inc. | 0.36% | 4.30% | 3.94% |
70.0% of QLTY 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 QLTY?
HELO has an expense ratio of 0.50% while QLTY charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, HELO or QLTY?
Over the past year HELO returned +7.68% vs +20.95% for QLTY, so QLTY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or QLTY?
QLTY has been the more volatile fund at 11.9% annualized versus 6.8% for HELO. Worst drawdown: HELO -10.9% vs QLTY -17.0%.
Should I hold both HELO and QLTY?
HELO and QLTY 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 QLTY?
70.0% of QLTY's money is in holdings HELO also owns. 70.0% of QLTY's is in holdings HELO also owns. They hold 23 positions in common, counted across the 146 positions we hold weights for in HELO and 45 in QLTY.
Which pays a higher dividend, HELO or QLTY?
HELO yields 0.57% while QLTY yields 0.66%, so QLTY currently pays the higher dividend yield.
Is QLTY better than HELO?
QLTY 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 45.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.