HELO: JPMORGAN HEDGED EQUITY LADDERED OVERLAY ETF
What this ETF is trying to do
The JPMORGAN HEDGED EQUITY LADDERED OVERLAY ETF (ticker: HELO) is an exchange-traded fund. While the specific investment goal is not listed, the fund holds a variety of different companies. Its top holdings include large technology companies like NVIDIA, Apple, and Microsoft.
What the numbers show
As of October 6, 2026, the current price of HELO is $69.92. An estimated price from roughly one year ago was about $65.15.
When looking at how this ETF has performed, it is important to know the difference between "price return" and "total return." Price return only tracks how much the share price changes. Total return includes those price changes plus any cash distributions paid to investors.
• Year-to-Date (YTD): The price return is 5.25%, while the total return is 5.67%.
• One Year: The price return was 7.32%, and the total return was 7.95%.
• Three Years: The price return was 39.84%, and the total return was approximately 42.52%.
For example, if you had invested $10,000 into just the share price one year ago, your investment would have grown by the 7.32% price return.
Income and distribution explanation
Some investors look for "distributions," which are cash payments made by the ETF. HELO has a distribution yield of 0.56%. This number describes the cash paid out relative to the ETF's price. It is important to remember that a high yield does not always mean you have earned that much in total return.
HELO usually pays distributions quarterly, and it made four payments over the last year.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in a fund drops significantly. Some investors worry about this because they want their original investment to stay stable. For HELO, the erosion-risk score is 100, and the label says "No price erosion detected." This means the risk is considered good.
Pros
• Positive Returns: The ETF has shown positive price returns and total returns over the last year and three years.
• Low Erosion Risk: There is no detected price erosion.
Cons
• Lower Yield: The distribution yield of 0.56% is relatively low.
• Partial Data: The list of holdings provided is only a partial list of the largest companies in the fund.
Beginner takeaway
When studying HELO, remember that the share price and the total return are different numbers. The total return is often higher because it counts both the price changes and the cash distributions. Also, while this ETF pays out cash, you should always look at the total return to see how the investment performed overall.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 8.84% |
| 2 | APPLE INC | AAPL | 6.98% |
| 3 | MICROSOFT CORP | MSFT | 6.38% |
| 4 | AMAZON.COM INC | AMZN | 4.18% |
| 5 | ALPHABET INC CLASS A | GOOGL | 3.11% |
| 6 | BROADCOM INC | AVGO | 2.69% |
| 7 | META PLATFORMS INC CLASS A | META | 2.51% |
| 8 | ALPHABET INC CLASS C | GOOG | 2.22% |
| 9 | JPMORGAN PRIME MONEY MARKET IM | JIMXX | 2.11% |
| 10 | MICRON TECHNOLOGY INC | MU | 1.96% |