HELO vs XDIV
JPMorgan Hedged Equity Laddered Overlay ETF vs Roundhill S&P 500 No Dividend Target ETF
Which is better, HELO or XDIV?
XDIV has been ahead.
XDIV has a lower expense ratio. XDIV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90.
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 | XDIV |
|---|---|---|
| Expense Ratio | 0.50% | 0.08%Best |
| AUM | $4.9B | $92M |
| Dividend Yield | 0.57% | 0.00% |
| Holdings | 156 | 4 |
| YTD Return | +4.91% | +13.66%Best |
| 1Y Return | +7.68% | +17.52%Best |
| 3Y Return (annualized) | +11.88% | - |
| Volatility (annualized) | 6.8%Best | 11.5% |
| Max Drawdown | -5.8%Best | -9.2% |
| $10,000 over 1.3 years | $11,139 | $12,553Best |
| Fund Family | J.P. Morgan Asset Management | Roundhill Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Jul 10, 2025 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 10, 2025 to Oct 14, 2026 (1.3 years).
HELO vs XDIV 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 1.3 years both funds cover.
HELO vs XDIV Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and Roundhill S&P 500 No Dividend Target ETF (XDIV) is an ETF from Roundhill Investments. Over the past year HELO returned +7.68% while XDIV returned +17.52%. Year to date, HELO is up 4.91% versus a gain of 13.66% for XDIV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XDIV has been the more volatile fund, with annualized monthly volatility of 11.5% compared with 6.8% 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 -5.8% for HELO and -9.2% for XDIV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. 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 XDIV charges 0.08%. On a $10,000 position that is $50 vs $8 annually, a gap of $42 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 0.00% for XDIV.
Holdings Overlap
We hold position weights for 146 holdings in HELO and 1 in XDIV, totalling 99.8% and 99.9% 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 1 in XDIV, against full books of 156 and 4.
You are not choosing between two funds in isolation.
Whichever of HELO and XDIV 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 XDIV?
HELO has an expense ratio of 0.50% while XDIV charges 0.08%. XDIV is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, HELO or XDIV?
Over the past year HELO returned +7.68% vs +17.52% for XDIV, so XDIV leads on 1-year performance. Over the longest common window we track (1 years), HELO annualized +8.65% vs +19.11% for XDIV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or XDIV?
XDIV has been the more volatile fund at 11.5% annualized versus 6.8% for HELO. Worst drawdown: HELO -5.8% vs XDIV -9.2%.
Should I hold both HELO and XDIV?
HELO and XDIV have a monthly-return correlation of 0.90, 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 XDIV?
HELO yields 0.57% while XDIV yields 0.00%, so HELO currently pays the higher dividend yield.
Is XDIV better than HELO?
XDIV has a lower expense ratio. XDIV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.