HELO vs SPIN
JPMorgan Hedged Equity Laddered Overlay ETF vs State Street US Equity Premium Income ETF
Which is better, HELO or SPIN?
Each has led over a different period.
SPIN has a lower expense ratio. HELO led over 1Y, SPIN over the full window. The two have moved almost in lockstep, correlation 0.93. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 47.1%.
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 | SPIN |
|---|---|---|
| Expense Ratio | 0.50% | 0.25%Best |
| AUM | $4.9B | $47M |
| Dividend Yield | 0.57% | 4.88% |
| Holdings | 156 | 101 |
| YTD Return | +4.91%Best | +3.68% |
| 1Y Return | +7.68%Best | +7.62% |
| 3Y Return (annualized) | +11.88% | - |
| Volatility (annualized) | 7.2%Best | 9.0% |
| Max Drawdown | -10.9%Best | -16.9% |
| $10,000 over 2.1 years | $11,899 | $12,500Best |
| Top 10 Weight | 40.1%Best | 47.1% |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Sep 4, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 5, 2024 to Oct 14, 2026 (2.1 years).
HELO vs SPIN 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 2.1 years both funds cover.
HELO vs SPIN Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and State Street US Equity Premium Income ETF (SPIN) is an ETF from State Street Investment Management. Over the past year HELO returned +7.68% while SPIN returned +7.62%. Year to date, HELO is up 4.91% versus a gain of 3.68% for SPIN.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPIN has been the more volatile fund, with annualized monthly volatility of 9.0% compared with 7.2% 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 -16.9% for SPIN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. 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 SPIN charges 0.25%. On a $10,000 position that is $50 vs $25 annually, a gap of $25 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 4.88% for SPIN.
Holdings Overlap
63.7% of HELO's money is in holdings SPIN also owns. 74.4% of SPIN's money is in holdings HELO also owns.
Most of SPIN is already inside HELO. Owning both mostly buys the same companies twice.
51 positions in common, counted across the 146 positions we hold weights for in HELO and 96 in SPIN, against full books of 156 and 101.
What only one of them owns
Our book lists 43 positions for SPIN that do not appear in our book for HELO (24.8% of the fund), and 91 for HELO that do not appear in SPIN (34.8%).
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 SPIN | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.17% | 9.71% | 1.54% |
| MSFTMicrosoft Corp | 6.29% | 7.24% | 0.95% |
| AAPLApple, Inc | 7.01% | 5.97% | 1.04% |
| AMZNAmazon.Com Inc | 4.26% | 4.93% | 0.67% |
| GOOGLAlphabet Inc | 3.16% | 5.48% | 2.32% |
| AVGOBroadcom Inc | 2.64% | 3.28% | 0.64% |
| METAMeta Platforms Inc | 2.31% | 3.07% | 0.76% |
| MUMicron Technology, Inc. | 1.70% | 2.80% | 1.10% |
| AMDAdvanced Micro Devices Inc | 1.28% | 2.41% | 1.13% |
| XOMExxonmobil Corp. | 1.38% | 2.21% | 0.83% |
74.4% of SPIN 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 SPIN?
HELO has an expense ratio of 0.50% while SPIN charges 0.25%. SPIN is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, HELO or SPIN?
Over the past year HELO returned +7.68% vs +7.62% for SPIN, so HELO leads on 1-year performance. Over the longest common window we track (2 years), HELO annualized +8.63% vs +11.21% for SPIN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or SPIN?
SPIN has been the more volatile fund at 9.0% annualized versus 7.2% for HELO. Worst drawdown: HELO -10.9% vs SPIN -16.9%.
Should I hold both HELO and SPIN?
HELO and SPIN have a monthly-return correlation of 0.93, 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 SPIN?
74.4% of SPIN's money is in holdings HELO also owns. 74.4% of SPIN's is in holdings HELO also owns. They hold 51 positions in common, counted across the 146 positions we hold weights for in HELO and 96 in SPIN.
Which pays a higher dividend, HELO or SPIN?
HELO yields 0.57% while SPIN yields 4.88%, so SPIN currently pays the higher dividend yield.
Is SPIN better than HELO?
SPIN has a lower expense ratio. HELO led over 1Y, SPIN over the full window. The two have moved almost in lockstep, correlation 0.93. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 47.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.