{"url":"https://etfiq.com/compare/alternatives/helo-vs-theq","section":"compare","title":"HELO vs THEQ: Correlation to the S&P 500 | ETFIQ","description":"HELO and THEQ both run hedged equity strategies. Over the year to Nov 4, 2026, HELO had a correlation of +0.95 with the S&P 500 and THEQ +0.99.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which moved less with the S&P 500, HELO or THEQ?","acceptedAnswer":{"@type":"Answer","text":"Over the 52 weeks to Nov 4, 2026, HELO\u2019s weekly returns had a correlation of +0.95 with the S&P 500 and THEQ\u2019s +0.99, so HELO moved less with the index."}},{"@type":"Question","name":"Which did better when the S&P 500 fell, HELO or THEQ?","acceptedAnswer":{"@type":"Answer","text":"In the 26 weeks the S&P 500 fell, by 1.07% a week on average, HELO averaged \u22120.65% and THEQ \u22120.77%, so HELO returned more in those weeks."}},{"@type":"Question","name":"Which earned more than cash, HELO or THEQ?","acceptedAnswer":{"@type":"Answer","text":"Over the same weeks, HELO finished 3.4 percentage points ahead of cash and THEQ finished 5.3 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills."}},{"@type":"Question","name":"Which is cheaper, HELO or THEQ?","acceptedAnswer":{"@type":"Answer","text":"HELO charges 0.50% a year and THEQ charges 0.46%, so THEQ is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Alternatives ETFs","item":"https://etfiq.com/alternatives/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"HELO vs THEQ","item":"https://etfiq.com/compare/alternatives/helo-vs-theq"}]},{"@type":"WebPage","name":"HELO vs THEQ: Correlation to the S&P 500","description":"HELO and THEQ both run hedged equity strategies. Over the year to Nov 4, 2026, HELO had a correlation of +0.95 with the S&P 500 and THEQ +0.99.","url":"https://etfiq.com/compare/alternatives/helo-vs-theq","dateModified":"2026-11-04","abstract":"Over the year to Nov 4, 2026, HELO moved less with the S&P 500 than THEQ: correlation +0.95 against +0.99.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of HELO and THEQ","description":"HELO and THEQ both run hedged equity strategies. Over the year to Nov 4, 2026, HELO had a correlation of +0.95 with the S&P 500 and THEQ +0.99.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/alternatives/helo-vs-theq","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"}],"variableMeasured":["Correlation with the S&P 500","Beta to the S&P 500","Down-week capture","Average week when the S&P 500 fell","Return against T-bills","Total return","Strategy","Expense ratio"],"keywords":["exchange-traded funds","ETF","Alternatives ETFs","fund data","SEC filings"]}],"characters":6948,"truncated":true,"content":"ETFIQ / Alternatives ETFs / Compare ETFs / HELO vs THEQ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n HELO vs THEQ: Correlation to the S&P 500\n\n Over the year to Nov 4, 2026, HELO moved less with the S&P 500 than THEQ: correlation +0.95 against +0.99.\n Copy this for sharing \n \n THEQ costs 0.04 points a year less; their one-year returns differ by 1.9 points; HELO is far larger, $4.9bn against $38m.\n HELO and THEQ at a glance. As of Nov 4, 2026. Source: ETFIQ. HELO THEQ \n Expense ratio 0.50% 0.46% \n Net assets, as of Nov 3, 2026 $4.9bn $38m \n Total return, 1 year +7.2% +","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, HELO against THEQ, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/helo-vs-theq","a":{"ticker":"HELO","name":"JPMorgan Hedged Equity Laddered Overlay ETF","issuer":"JPMorgan","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, HELO returned 7.2%, against 14.8% for VOO.","url":"https://etfiq.com/funds/helo","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.95","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.59","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"60.7%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+3.4 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"0.6%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid quarterly), ex-date Sep 22, 2026","value":"$0.0907","as_of":"2026-09-22","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$4.9bn","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2026-04-30","source":"497 XBRL, Apr 30, 2026"}]},"b":{"ticker":"THEQ","name":"T. Rowe Price Hedged Equity ETF","issuer":"T. Rowe Price","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, THEQ returned 9.1%, against 14.8% for IWV.","url":"https://etfiq.com/funds/theq","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.99","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.69","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"72.3%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+5.3 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"0.8%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment, ex-date Dec 23, 2025","value":"$0.2222","as_of":"2025-12-23","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$38m","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.46%","as_of":"2026-02-25","source":"485BPOS XBRL, Feb 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/alternatives/helo-vs-theq"}