HELO vs IVV
JPMorgan Hedged Equity Laddered Overlay ETF vs iShares Core S&P 500 ETF
Which is better, HELO or IVV?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 39.8%.
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 | IVV |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $4.8B | $876.4B |
| Dividend Yield | 0.62% | 1.06% |
| Holdings | 163 | 508 |
| YTD Return | +3.80% | +11.51%Best |
| 1Y Return | +6.57% | +15.96%Best |
| 3Y Return (annualized) | +12.15% | +21.01%Best |
| 5Y Return (annualized) | - | +12.66% |
| Volatility (annualized) | 7.4%Best | 12.5% |
| Max Drawdown | -10.9%Best | -18.8% |
| $10,000 over 3 years | $14,106 | $18,509Best |
| Top 10 Weight | 39.8% | 37.8%Best |
| 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 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 29, 2023 to Sep 15, 2026 (3 years).
HELO vs IVV 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 IVV Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year HELO returned +6.57% while IVV returned +15.96%. Year to date, HELO is up 3.80% versus a gain of 11.51% for IVV.
Over three years, HELO compounded at +12.15% per year against +21.01% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.5% 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 -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, HELO currently yields 0.62% against 1.06% for IVV.
Holdings Overlap
95.2% of HELO's money is in holdings IVV also owns. 69.0% of IVV's money is in holdings HELO also owns.
Most of HELO is already inside IVV. Owning both mostly buys the same companies twice.
141 positions in common, counted across the 155 positions we hold weights for in HELO and 490 in IVV, against full books of 163 and 508.
What only one of them owns
Our book lists 341 positions for IVV that do not appear in our book for HELO (29.9% of the fund), and 11 for HELO that do not appear in IVV (4.3%).
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 IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.50% | 8.07% | 0.43% |
| AAPLApple, Inc | 6.63% | 7.02% | 0.39% |
| MSFTMicrosoft Corp | 6.28% | 5.69% | 0.59% |
| AMZNAmazon.Com Inc | 4.34% | 3.84% | 0.50% |
| GOOGLAlphabet Inc,class A | 3.05% | 3.00% | 0.05% |
| AVGOBroadcom Inc | 2.82% | 2.65% | 0.17% |
| GOOGAlphabet Inc | 2.18% | 2.39% | 0.21% |
| METAMeta Platforms Inc | 1.97% | 1.90% | 0.07% |
| MUMicron Technology, Inc. | 1.76% | 1.63% | 0.13% |
| TSLATesla Inc | 1.24% | 1.56% | 0.32% |
95.2% of HELO is already inside IVV.
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 IVV?
HELO has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, HELO or IVV?
Over the past year HELO returned +6.57% vs +15.96% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or IVV?
IVV has been the more volatile fund at 12.5% annualized versus 7.4% for HELO. Worst drawdown: HELO -10.9% vs IVV -18.8%.
Should I hold both HELO and IVV?
HELO and IVV have a monthly-return correlation of 0.95, 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 IVV?
95.2% of HELO's money is in holdings IVV also owns. 69.0% of IVV's is in holdings HELO also owns. They hold 141 positions in common, counted across the 155 positions we hold weights for in HELO and 490 in IVV.
Which pays a higher dividend, HELO or IVV?
HELO yields 0.62% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than HELO?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 39.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.