HELO vs LGHT
JPMorgan Hedged Equity Laddered Overlay ETF vs Langar Global Healthtech ETF
Which is better, HELO or LGHT?
HELO has been ahead.
HELO has a lower expense ratio. HELO led over 1Y and the full window. HELO is less concentrated, with 40.9% of the fund in its ten largest positions against 75.5%.
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 | LGHT |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.85% |
| AUM | $4.8B | $2M |
| Dividend Yield | 0.57% | 0.00% |
| Holdings | 305 | 32 |
| Volatility (annualized) | 7.0%Best | 17.9% |
| Max Drawdown | -10.9%Best | -28.6% |
| $10,000 over 2.8 years | $13,189Best | $10,934 |
| Top 10 Weight | 40.9%Best | 75.5% |
| Fund Family | J.P. Morgan Asset Management | Langar Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2023 | Jan 10, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 13 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. HELO has data through Nov 12, 2026 and LGHT through Oct 30, 2026.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Jan 10, 2024 to Oct 30, 2026 (2.8 years).
Risk: Volatility and Drawdowns
LGHT has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 7.0% 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 -28.6% for LGHT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HELO charges 0.50% per year while LGHT charges 0.85%. On a $10,000 position that is $50 vs $85 annually, a gap of $35 per year that compounds over a long holding period. On income, HELO currently yields 0.57% against 0.00% for LGHT.
Holdings Overlap
We hold position weights for 145 holdings in HELO and 31 in LGHT, totalling 100.4% and 100.0% 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 145 positions we hold weights for in HELO and 31 in LGHT, against full books of 305 and 32.
What only one of them owns
Our book lists 27 positions for LGHT that do not appear in our book for HELO (89.1% of the fund), and 140 for HELO that do not appear in LGHT (99.2%).
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 LGHT 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 LGHT?
HELO has an expense ratio of 0.50% while LGHT charges 0.85%. HELO is the cheaper option, by $35 a year on a $10,000 investment.
Which is riskier, HELO or LGHT?
LGHT has been the more volatile fund at 17.9% annualized versus 7.0% for HELO. Worst drawdown: HELO -10.9% vs LGHT -28.6%.
Should I hold both HELO and LGHT?
HELO and LGHT have a monthly-return correlation of 0.42, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HELO or LGHT?
HELO yields 0.57% while LGHT yields 0.00%, so HELO currently pays the higher dividend yield.
Is LGHT better than HELO?
HELO has a lower expense ratio. HELO led over 1Y and the full window. HELO is less concentrated, with 40.9% of the fund in its ten largest positions against 75.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.