# HELO (JPMorgan Hedged Equity Laddered Overlay ETF)

JPMorgan · Alternatives ETFs · data as of Sep 18, 2026

In the S&P 500’s down weeks over the year to Sep 18, 2026, HELO fell 56% as much as the index.

## Key facts

- HELO, correlation with the S&P 500: +0.95, as of Sep 18, 2026.
- HELO, beta to the S&P 500: +0.53, as of Sep 18, 2026.
- HELO, down-week capture: 56.2%, as of Sep 18, 2026.
- HELO, against T-bills, 52 weeks: +3.3 pts, as of Sep 18, 2026.
- HELO, net assets: $4.8bn (issuer page, as of Sep 18, 2026).
- HELO, expense ratio: 0.50% (485BPOS XBRL, Feb 25, 2026).

## HELO over each window to Sep 18, 2026

| Window | The fund | S&P 500 | Difference, percentage points |
| --- | --- | --- | --- |
| 3 months | +1.9% | +2.3% | −0.4 pts |
| 6 months | +7.8% | +18.0% | −10.3 pts |
| 1 year | +7.1% | +16.6% | −9.5 pts |
| Since it listed | +41.1% | +84.8% | −43.7 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Issuer | JPMorgan | ETFIQ |
| Strategy | Hedged equity | ETFIQ, from its prospectus |
| Expense ratio | 0.50% | 485BPOS XBRL, Feb 25, 2026 |
| Net assets | $4.8bn | issuer page, as of Sep 18, 2026 |
| Weeks measured | 52, from Sep 19, 2025 to Sep 18, 2026 | ETFIQ |
| Weeks the S&P 500 fell | 22 | ETFIQ |
| The S&P 500 in those weeks, on average | −1.24% | ETFIQ |
| HELO in those weeks, on average | −0.70% | ETFIQ |
| HELO total return over those weeks | +7.0% | ETFIQ |
| T-bills | +3.6% | ETFIQ |
| Listed since | Sep 29, 2023 | ETFIQ |
| Days traded | 90 | ETFIQ |
| Quoted | on an exchange, every trading day | ETFIQ |

## Questions

### Does HELO move with the S&P 500?

Over the year to Sep 18, 2026, HELO’s weekly returns had a correlation of +0.95 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was +0.53, so for each 1% the index moved it moved about 0.53% the same way.

### What did HELO do when stocks fell?

The S&P 500 fell in 22 of the 52 weeks to Sep 18, 2026, by 1.24% on average. In those weeks HELO fell 0.70% on average, a down-week capture of 56.2%.

### Did HELO earn more than cash?

Over the same 52 weeks HELO returned +7.0% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.6%. HELO finished 3.3 percentage points ahead of it.

### What does HELO cost?

The prospectus expense ratio is 0.50% a year.

### Why is HELO listed as hedged equity?

ETFIQ files each fund by what its own prospectus says it does, and HELO’s, filed Feb 25, 2026, describes a hedged equity fund.


## Cite this page

ETFIQ, HELO, data as of Sep 18, 2026. https://etfiq.com/funds/helo
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/helo  ·  JSON: https://etfiq.com/funds/helo.json