HELO vs TWOX
JPMorgan Hedged Equity Laddered Overlay ETF vs iShares Large Cap Accelerated Outcome ETF
Which is better, HELO or TWOX?
TWOX has been ahead.
TWOX led over 1Y and the full window. 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 | TWOX |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $4.9B | $23M |
| Dividend Yield | 0.57% | 0.47% |
| Holdings | 156 | 7 |
| YTD Return | +4.91% | +8.35%Best |
| 1Y Return | +7.68% | +13.33%Best |
| 3Y Return (annualized) | +11.88% | - |
| Volatility (annualized) | 7.4%Best | 10.2% |
| Max Drawdown | -10.9%Best | -19.4% |
| $10,000 over 1.7 years | $11,215 | $12,132Best |
| 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 | Jan 15, 2025 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 16, 2025 to Oct 14, 2026 (1.7 years).
HELO vs TWOX 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 1.7 years both funds cover.
HELO vs TWOX Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and iShares Large Cap Accelerated Outcome ETF (TWOX) is an ETF from iShares by BlackRock (US). Over the past year HELO returned +7.68% while TWOX returned +13.33%. Year to date, HELO is up 4.91% versus a gain of 8.35% for TWOX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TWOX has been the more volatile fund, with annualized monthly volatility of 10.2% compared with 7.4% 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 -19.4% for TWOX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 TWOX charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, HELO currently yields 0.57% against 0.47% for TWOX.
Holdings Overlap
We hold position weights for 146 holdings in HELO and 3 in TWOX, totalling 99.8% and 102.2% 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 3 in TWOX, against full books of 156 and 7.
You are not choosing between two funds in isolation.
Whichever of HELO and TWOX 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 TWOX?
HELO has an expense ratio of 0.50% while TWOX charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, HELO or TWOX?
Over the past year HELO returned +7.68% vs +13.33% for TWOX, so TWOX leads on 1-year performance. Over the longest common window we track (2 years), HELO annualized +6.98% vs +12.04% for TWOX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or TWOX?
TWOX has been the more volatile fund at 10.2% annualized versus 7.4% for HELO. Worst drawdown: HELO -10.9% vs TWOX -19.4%.
Should I hold both HELO and TWOX?
HELO and TWOX 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 TWOX?
HELO yields 0.57% while TWOX yields 0.47%, so HELO currently pays the higher dividend yield.
Is TWOX better than HELO?
TWOX led over 1Y and the full window. 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.