HELO vs XLSR
JPMorgan Hedged Equity Laddered Overlay ETF vs State Street US Sector Rotation ETF
Which is better, HELO or XLSR?
XLSR has been ahead.
HELO has a lower expense ratio. XLSR led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 85.3%.
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 | XLSR |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.70% |
| AUM | $4.9B | $1.1B |
| Dividend Yield | 0.57% | 0.40% |
| Holdings | 156 | 26 |
| YTD Return | +5.28% | +8.22%Best |
| 1Y Return | +8.07% | +12.87%Best |
| 3Y Return (annualized) | +12.00% | +17.59%Best |
| 5Y Return (annualized) | - | +9.72% |
| Volatility (annualized) | 7.3%Best | 12.5% |
| Max Drawdown | -10.9%Best | -20.6% |
| $10,000 over 3 years | $14,174 | $16,434Best |
| Top 10 Weight | 40.1%Best | 85.3% |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Apr 2, 2019 |
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 15, 2026 (3 years).
HELO vs XLSR 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 XLSR Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and State Street US Sector Rotation ETF (XLSR) is an ETF from State Street Investment Management. Over the past year HELO returned +8.07% while XLSR returned +12.87%. Year to date, HELO is up 5.28% versus a gain of 8.22% for XLSR.
Over three years, HELO compounded at +12.00% per year against +17.59% for XLSR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XLSR has been the more volatile fund, with annualized monthly volatility of 12.5% 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 -20.6% for XLSR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. 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 XLSR charges 0.70%. On a $10,000 position that is $50 vs $70 annually, a gap of $20 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 0.40% for XLSR.
Holdings Overlap
43.5% of HELO's money is in holdings XLSR also owns. 28.1% of XLSR's money is in holdings HELO also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 146 positions we hold weights for in HELO and 25 in XLSR, against full books of 156 and 26.
What only one of them owns
Measured across the 146 and 25 positions we hold weights for.
HELO holds 127 positions XLSR does not, 55.0% of the fund.
Largest: JIMXX 2.29%, JNJ 1.40%, MA 1.24%, BRK.B 1.23%, LLY 1.14%
Top Shared Holdings
| Stock | Weight in HELO | Weight in XLSR | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.17% | 4.47% | 3.70% |
| AAPLApple, Inc | 7.01% | 4.12% | 2.89% |
| MSFTMicrosoft Corp | 6.29% | 2.98% | 3.31% |
| GOOGLAlphabet Inc | 3.16% | 5.17% | 2.01% |
| GOOGAlphabet Inc. C | 2.26% | 4.02% | 1.76% |
| METAMeta Platforms Inc | 2.31% | 3.03% | 0.72% |
| AMZNAmazon.Com Inc | 4.26% | 0.95% | 3.31% |
| AVGOBroadcom Inc | 2.64% | 1.41% | 1.23% |
| MUMicron Technology, Inc. | 1.70% | 0.62% | 1.08% |
| XOMExxonmobil Corp. | 1.38% | 0.41% | 0.97% |
43.5% of HELO is already inside XLSR.
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 XLSR?
HELO has an expense ratio of 0.50% while XLSR charges 0.70%. HELO is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, HELO or XLSR?
Over the past year HELO returned +8.07% vs +12.87% for XLSR, so XLSR leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or XLSR?
XLSR has been the more volatile fund at 12.5% annualized versus 7.3% for HELO. Worst drawdown: HELO -10.9% vs XLSR -20.6%.
Should I hold both HELO and XLSR?
HELO and XLSR have a monthly-return correlation of 0.93, 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.
What is the holdings overlap between HELO and XLSR?
43.5% of HELO's money is in holdings XLSR also owns. 28.1% of XLSR's is in holdings HELO also owns. They hold 16 positions in common, counted across the 146 positions we hold weights for in HELO and 25 in XLSR.
Which pays a higher dividend, HELO or XLSR?
HELO yields 0.57% while XLSR yields 0.40%, so HELO currently pays the higher dividend yield.
Is XLSR better than HELO?
HELO has a lower expense ratio. XLSR led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 85.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.