HELO vs TENM
JPMorgan Hedged Equity Laddered Overlay ETF vs iShares Large Cap 10% Target Buffer Mar ETF
Which is better, HELO or TENM?
TENM has been ahead.
TENM led over 1Y. The two have moved almost in lockstep, correlation 0.96.
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 | TENM |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $4.9B | $47M |
| Dividend Yield | 0.57% | 0.27% |
| Holdings | 156 | 8 |
| YTD Return | +4.91% | +9.71%Best |
| 1Y Return | +7.68% | +11.85%Best |
| 3Y Return (annualized) | +11.88% | - |
| Volatility (annualized) | 7.5% | 7.0%Best |
| Fund Family | J.P. Morgan Asset Management | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Oct 21, 2025 |
Not shown on this pair: 5Y Return (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
HELO vs TENM 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
HELO vs TENM Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and iShares Large Cap 10% Target Buffer Mar ETF (TENM) is an ETF from iShares by BlackRock (US). Over the past year HELO returned +7.68% while TENM returned +11.85%. Year to date, HELO is up 4.91% versus a gain of 9.71% for TENM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HELO has been the more volatile fund, with annualized monthly volatility of 7.5% compared with 7.0% for TENM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.96. 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 TENM charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, HELO currently yields 0.57% against 0.27% for TENM.
Holdings Overlap
We hold position weights for 146 holdings in HELO and 2 in TENM, totalling 99.8% and 104.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 146 positions we hold weights for in HELO and 2 in TENM, against full books of 156 and 8.
You are not choosing between two funds in isolation.
Whichever of HELO and TENM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HELO or TENM?
HELO has an expense ratio of 0.50% while TENM charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, HELO or TENM?
Over the past year HELO returned +7.68% vs +11.85% for TENM, so TENM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or TENM?
HELO has been the more volatile fund at 7.5% annualized versus 7.0% for TENM.
Should I hold both HELO and TENM?
HELO and TENM have a monthly-return correlation of 0.96, 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.
Which pays a higher dividend, HELO or TENM?
HELO yields 0.57% while TENM yields 0.27%, so HELO currently pays the higher dividend yield.
Is TENM better than HELO?
TENM led over 1Y. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.