HELO vs VYM
JPMorgan Hedged Equity Laddered Overlay ETF vs Vanguard High Dividend Yield ETF
Which is better, HELO or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y and the full window. VYM is less concentrated, with 26.1% 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 | VYM |
|---|---|---|
| Expense Ratio | 0.50% | 0.04%Best |
| AUM | $4.8B | $81.6B |
| Dividend Yield | 0.62% | 2.22% |
| Holdings | 163 | 613 |
| YTD Return | +3.80% | +12.87%Best |
| 1Y Return | +6.57% | +17.25%Best |
| 3Y Return (annualized) | +12.15% | +17.66%Best |
| 5Y Return (annualized) | - | +11.98% |
| Volatility (annualized) | 7.4%Best | 10.7% |
| Max Drawdown | -10.9%Best | -14.5% |
| $10,000 over 3 years | $14,106 | $16,975Best |
| Top 10 Weight | 39.8% | 26.1%Best |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Sep 28, 2023 | Nov 10, 2006 |
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 VYM 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 VYM Performance
JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year HELO returned +6.57% while VYM returned +17.25%. Year to date, HELO is up 3.80% versus a gain of 12.87% for VYM.
Over three years, HELO compounded at +12.15% per year against +17.66% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 10.7% 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 -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HELO charges 0.50% per year while VYM charges 0.04%. On a $10,000 position that is $50 vs $4 annually, a gap of $46 per year that compounds over a long holding period. On income, HELO currently yields 0.62% against 2.22% for VYM.
Holdings Overlap
29.3% of HELO's money is in holdings VYM also owns. 40.5% of VYM's money is in holdings HELO also owns.
The two portfolios partly overlap.
60 positions in common, counted across the 155 positions we hold weights for in HELO and 557 in VYM, against full books of 163 and 613.
What only one of them owns
Our book lists 468 positions for VYM that do not appear in our book for HELO (56.5% of the fund), and 92 for HELO that do not appear in VYM (69.8%).
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 VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.82% | 7.35% | 4.53% |
| XOMExxon Mobil Corp. | 1.36% | 2.63% | 1.27% |
| JNJJohnson & Johnson - Common | 1.39% | 2.51% | 1.12% |
| ABBVAbbvie Inc. | 1.09% | 1.80% | 0.71% |
| BACBank of America Corp.: Financials | 0.96% | 1.66% | 0.70% |
| UNHUnitedhealth Group Incorporated | 0.67% | 1.52% | 0.85% |
| PMPhilip Morris International Inc. | 0.71% | 1.21% | 0.50% |
| WFCWells Fargo & Co. | 0.79% | 1.07% | 0.28% |
| CCitigroup Inc. | 0.75% | 0.89% | 0.14% |
| PEPPepsico Inc. | 0.82% | 0.77% | 0.05% |
40.5% of VYM is already inside HELO.
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 VYM?
HELO has an expense ratio of 0.50% while VYM charges 0.04%. VYM is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, HELO or VYM?
Over the past year HELO returned +6.57% vs +17.25% for VYM, so VYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HELO or VYM?
VYM has been the more volatile fund at 10.7% annualized versus 7.4% for HELO. Worst drawdown: HELO -10.9% vs VYM -14.5%.
Should I hold both HELO and VYM?
HELO and VYM have a monthly-return correlation of 0.76, 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 VYM?
40.5% of VYM's money is in holdings HELO also owns. 40.5% of VYM's is in holdings HELO also owns. They hold 60 positions in common, counted across the 155 positions we hold weights for in HELO and 557 in VYM.
Which pays a higher dividend, HELO or VYM?
HELO yields 0.62% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than HELO?
VYM has a lower expense ratio. VYM led over 1Y, 3Y and the full window. VYM is less concentrated, with 26.1% 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.