HELO vs TIME
JPMorgan Hedged Equity Laddered Overlay ETF vs Clockwise US Core Equity ETF
Which is better, HELO or TIME?
TIME has been ahead.
HELO has a lower expense ratio. TIME led over 1Y, 3Y and the full window. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 46.2%.
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 | TIME |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.96% |
| AUM | $4.9B | $16M |
| Dividend Yield | 0.57% | 0.67% |
| Holdings | 156 | 56 |
| YTD Return | +4.91% | +11.28%Best |
| 1Y Return | +7.68% | +13.37%Best |
| 3Y Return (annualized) | +11.88% | +18.43%Best |
| Volatility (annualized) | 7.3%Best | 21.5% |
| Max Drawdown | -10.9%Best | -32.3% |
| $10,000 over 3 years | $14,128 | $16,670Best |
| Top 10 Weight | 40.1%Best | 46.2% |
| Fund Family | J.P. Morgan Asset Management | Clockwise Capital |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Jan 27, 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 TIME 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 TIME Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and Clockwise US Core Equity ETF (TIME) is an ETF from Clockwise Capital. Over the past year HELO returned +7.68% while TIME returned +13.37%. Year to date, HELO is up 4.91% versus a gain of 11.28% for TIME.
Over three years, HELO compounded at +11.88% per year against +18.43% for TIME.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TIME has been the more volatile fund, with annualized monthly volatility of 21.5% 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 -32.3% for TIME. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HELO charges 0.50% per year while TIME charges 0.96%. On a $10,000 position that is $50 vs $96 annually, a gap of $46 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 0.67% for TIME.
Holdings Overlap
49.6% of HELO's money is in holdings TIME also owns. 64.3% of TIME's money is in holdings HELO also owns.
The two portfolios partly overlap.
30 positions in common, counted across the 146 positions we hold weights for in HELO and 59 in TIME, against full books of 156 and 56.
What only one of them owns
Our book lists 28 positions for TIME that do not appear in our book for HELO (33.7% of the fund), and 113 for HELO that do not appear in TIME (48.8%).
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 TIME | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.17% | 9.34% | 1.17% |
| AAPLApple, Inc | 7.01% | 9.28% | 2.27% |
| MSFTMicrosoft Corp | 6.29% | 6.28% | 0.01% |
| GOOGLAlphabet Inc | 3.16% | 4.78% | 1.62% |
| AMZNAmazon.Com Inc | 4.26% | 3.68% | 0.58% |
| AVGOBroadcom Inc | 2.64% | 2.55% | 0.09% |
| METAMeta Platforms Inc | 2.31% | 1.22% | 1.09% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.38% | 1.96% | 0.58% |
| PMPhilip Morris International Inc. | 0.74% | 2.49% | 1.75% |
| LLYEli Lilly & Co. | 1.14% | 1.81% | 0.67% |
64.3% of TIME 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 TIME?
HELO has an expense ratio of 0.50% while TIME charges 0.96%. HELO is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, HELO or TIME?
Over the past year HELO returned +7.68% vs +13.37% for TIME, so TIME leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or TIME?
TIME has been the more volatile fund at 21.5% annualized versus 7.3% for HELO. Worst drawdown: HELO -10.9% vs TIME -32.3%.
Should I hold both HELO and TIME?
HELO and TIME have a monthly-return correlation of 0.80, 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 TIME?
64.3% of TIME's money is in holdings HELO also owns. 64.3% of TIME's is in holdings HELO also owns. They hold 30 positions in common, counted across the 146 positions we hold weights for in HELO and 59 in TIME.
Which pays a higher dividend, HELO or TIME?
HELO yields 0.57% while TIME yields 0.67%, so TIME currently pays the higher dividend yield.
Is TIME better than HELO?
HELO has a lower expense ratio. TIME led over 1Y, 3Y and the full window. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 46.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.