HELO vs RJMG
JPMorgan Hedged Equity Laddered Overlay ETF vs FT Raymond James Multicap Growth Equity ETF
Which is better, HELO or RJMG?
RJMG has been ahead.
HELO has a lower expense ratio. RJMG led over 1Y and the full window. RJMG is less concentrated, with 29.2% 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 | RJMG |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.85% |
| AUM | $4.9B | $11M |
| Dividend Yield | 0.57% | 0.00% |
| Holdings | 156 | 41 |
| Volatility (annualized) | 6.3%Best | 14.8% |
| Max Drawdown | -10.9%Best | -25.4% |
| $10,000 over 2 years | $12,798 | $13,729Best |
| Top 10 Weight | 40.1% | 29.2%Best |
| Fund Family | J.P. Morgan Asset Management | First Trust Portfolios (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Jan 12, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 278 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. HELO has data through Oct 14, 2026 and RJMG through Jan 9, 2026.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Jan 18, 2024 to Jan 9, 2026 (2 years).
Risk: Volatility and Drawdowns
RJMG has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 6.3% 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 -25.4% for RJMG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HELO charges 0.50% per year while RJMG charges 0.85%. On a $10,000 position that is $50 vs $85 annually, a gap of $35 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 0.00% for RJMG.
Holdings Overlap
18.8% of HELO's money is in holdings RJMG also owns. 40.8% of RJMG's money is in holdings HELO also owns.
The two portfolios partly overlap.
The two holdings books were reported 319 days apart, HELO as of Sep 15, 2026 and RJMG as of Oct 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
16 positions in common, counted across the 146 positions we hold weights for in HELO and 40 in RJMG, against full books of 156 and 41.
What only one of them owns
Our book lists 23 positions for RJMG that do not appear in our book for HELO (56.8% of the fund), and 127 for HELO that do not appear in RJMG (79.6%).
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 RJMG | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.29% | 2.44% | 3.85% |
| GOOGLAlphabet Inc | 3.16% | 2.78% | 0.38% |
| MUMicron Technology, Inc. | 1.70% | 3.70% | 2.00% |
| METAMeta Platforms Inc | 2.31% | 2.03% | 0.28% |
| CIENCiena Corp | 0.07% | 3.53% | 3.46% |
| MAMastercard Inc | 1.24% | 2.32% | 1.08% |
| VVisa Inc Class A | 0.96% | 2.46% | 1.50% |
| WELLWelltower, Inc. | 0.31% | 2.75% | 2.44% |
| WMTWalmart, Inc. | 0.64% | 2.41% | 1.77% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 0.53% | 2.35% | 1.82% |
40.8% of RJMG 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 RJMG?
HELO has an expense ratio of 0.50% while RJMG charges 0.85%. HELO is the cheaper option, by $35 a year on a $10,000 investment.
Which is riskier, HELO or RJMG?
RJMG has been the more volatile fund at 14.8% annualized versus 6.3% for HELO. Worst drawdown: HELO -10.9% vs RJMG -25.4%.
Should I hold both HELO and RJMG?
HELO and RJMG have a monthly-return correlation of 0.85, 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 RJMG?
40.8% of RJMG's money is in holdings HELO also owns. 40.8% of RJMG's is in holdings HELO also owns. They hold 16 positions in common, counted across the 146 positions we hold weights for in HELO and 40 in RJMG.
Which pays a higher dividend, HELO or RJMG?
HELO yields 0.57% while RJMG yields 0.00%, so HELO currently pays the higher dividend yield.
Is RJMG better than HELO?
HELO has a lower expense ratio. RJMG led over 1Y and the full window. RJMG is less concentrated, with 29.2% 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.