HELO vs VICE
JPMorgan Hedged Equity Laddered Overlay ETF vs AdvisorShares Vice ETF
Which is better, HELO or VICE?
HELO has been ahead.
HELO has a lower expense ratio. HELO led over 1Y and the full window. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 48.4%.
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 | VICE |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.99% |
| AUM | $4.9B | $6M |
| Dividend Yield | 0.57% | 0.75% |
| Holdings | 156 | 25 |
| Volatility (annualized) | 7.4%Best | 15.1% |
| Max Drawdown | -10.9%Best | -16.1% |
| $10,000 over 2.9 years | $14,184Best | $14,064 |
| Top 10 Weight | 40.1%Best | 48.4% |
| Fund Family | J.P. Morgan Asset Management | Advisor Shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Dec 11, 2017 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 54 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 VICE through Aug 21, 2026.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Sep 29, 2023 to Aug 21, 2026 (2.9 years).
Risk: Volatility and Drawdowns
VICE has been the more volatile fund, with annualized monthly volatility of 15.1% 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 -16.1% for VICE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HELO charges 0.50% per year while VICE charges 0.99%. On a $10,000 position that is $50 vs $99 annually, a gap of $49 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 0.75% for VICE.
Holdings Overlap
9.1% of HELO's money is in holdings VICE also owns. 14.2% of VICE's money is in holdings HELO also owns.
VICE and HELO share little of their money.
The two holdings books were reported 77 days apart, HELO as of Sep 15, 2026 and VICE as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
3 positions in common, counted across the 146 positions we hold weights for in HELO and 24 in VICE, against full books of 156 and 25.
What only one of them owns
Our book lists 18 positions for VICE that do not appear in our book for HELO (71.7% of the fund), and 140 for HELO that do not appear in VICE (89.4%).
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.
You are not choosing between two funds in isolation.
Whichever of HELO and VICE 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 VICE?
HELO has an expense ratio of 0.50% while VICE charges 0.99%. HELO is the cheaper option, by $49 a year on a $10,000 investment.
Which is riskier, HELO or VICE?
VICE has been the more volatile fund at 15.1% annualized versus 7.4% for HELO. Worst drawdown: HELO -10.9% vs VICE -16.1%.
Should I hold both HELO and VICE?
HELO and VICE have a monthly-return correlation of 0.68, 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 VICE?
14.2% of VICE's money is in holdings HELO also owns. 14.2% of VICE's is in holdings HELO also owns. They hold 3 positions in common, counted across the 146 positions we hold weights for in HELO and 24 in VICE.
Which pays a higher dividend, HELO or VICE?
HELO yields 0.57% while VICE yields 0.75%, so VICE currently pays the higher dividend yield.
Is VICE better than HELO?
HELO has a lower expense ratio. HELO led over 1Y and the full window. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 48.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.