HELO vs. PAPI ETF Comparison

Comparison of JPMorgan Hedged Equity Laddered Overlay ETF (HELO) to Parametric Equity Premium Income ETF (PAPI)

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$62.88

Average Daily Volume

282,837

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.09

Average Daily Volume

34,409

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	HELO	PAPI
30 Days	1.65%	4.67%
60 Days	3.15%	4.29%
90 Days	4.87%	5.45%
12 Months	21.34%	19.80%

41 Overlapping Holdings

Symbol	Grade	Weight in HELO	Weight in PAPI	Overlap
ABBV	D	1.14%	0.46%	0.46%
ABT	B	0.19%	0.52%	0.19%
ACN	B	0.21%	0.5%	0.21%
ADI	D	0.72%	0.48%	0.48%
BBY	D	0.2%	0.49%	0.2%
BKR	C	0.24%	0.62%	0.24%
CHD	B	0.3%	0.54%	0.3%
CI	D	0.34%	0.47%	0.34%
CMCSA	C	0.71%	0.54%	0.54%
CME	A	0.59%	0.52%	0.52%
COP	D	0.81%	0.56%	0.56%
COST	B	0.53%	0.54%	0.53%
CTSH	B	0.49%	0.53%	0.49%
CVX	B	0.18%	0.57%	0.18%
DHR	D	0.44%	0.45%	0.44%
DOW	F	0.35%	0.44%	0.35%
EOG	C	0.47%	0.56%	0.47%
HPE	B	0.18%	0.53%	0.18%
JNJ	D	0.51%	0.5%	0.5%
KO	D	0.63%	0.45%	0.45%
LEN	C	0.14%	0.47%	0.14%
LIN	D	0.82%	0.49%	0.49%
LKQ	D	0.02%	0.51%	0.02%
LYB	F	0.23%	0.48%	0.23%
MDT	D	0.46%	0.51%	0.46%
MO	A	0.15%	0.59%	0.15%
MRK	F	0.24%	0.46%	0.24%
MSFT	D	7.13%	0.53%	0.53%
PEP	F	0.83%	0.48%	0.48%
PFG	C	0.13%	0.5%	0.13%
PG	A	0.14%	0.52%	0.14%
PM	B	0.32%	0.56%	0.32%
PPG	D	0.21%	0.49%	0.21%
SO	D	0.84%	0.5%	0.5%
SYK	C	0.76%	0.57%	0.57%
T	A	0.18%	0.55%	0.18%
TRV	B	0.34%	0.57%	0.34%
TXN	D	0.87%	0.53%	0.53%
UNH	B	1.62%	0.55%	0.55%
UPS	C	0.54%	0.52%	0.52%
XOM	C	1.43%	0.52%	0.52%

HELO Overweight 120 Positions Relative to PAPI

Symbol	Grade	Weight
NVDA	C	7.8%
AAPL	B	6.83%
AMZN	C	4.5%
META	D	2.9%
GOOGL	C	2.09%
MA	B	1.72%
TSLA	B	1.58%
BRK.A	B	1.53%
V	A	1.49%
GOOG	C	1.46%
BAC	A	1.26%
CRM	B	1.15%
LLY	F	1.07%
AVGO	D	1.02%
WFC	A	1.0%
LOW	C	0.99%
HON	B	0.98%
TT	B	0.96%
NOW	B	0.94%
TMO	F	0.89%
NEE	D	0.83%
MCD	D	0.81%
BKNG	B	0.75%
GS	B	0.75%
PGR	A	0.75%
NXPI	D	0.72%
MDLZ	F	0.72%
BMY	B	0.68%
DE	B	0.68%
AZO	C	0.65%
HWM	B	0.62%
VRTX	D	0.6%
UBER	D	0.58%
MU	D	0.57%
TFC	B	0.56%
BSX	C	0.52%
TDG	D	0.52%
FIS	D	0.52%
INTU	C	0.51%
CMG	B	0.51%
PLD	D	0.5%
OTIS	C	0.5%
PCG	B	0.5%
YUM	B	0.5%
FITB	B	0.48%
CPAY	A	0.47%
CARR	C	0.46%
REGN	F	0.45%
AMD	F	0.45%
AON	A	0.44%
ROST	C	0.44%
SCHW	A	0.42%
STX	D	0.41%
CSX	B	0.41%
LDOS	D	0.39%
DLR	A	0.39%
VTR	D	0.39%
ETN	A	0.38%
LRCX	F	0.37%
ORCL	C	0.36%
HLT	A	0.36%
RCL	B	0.34%
FDX	B	0.33%
USB	A	0.33%
MNST	B	0.32%
SBAC	D	0.31%
FANG	F	0.31%
DIS	B	0.31%
MET	A	0.3%
C	A	0.3%
EXPE	B	0.29%
TXT	D	0.29%
WELL	C	0.27%
KVUE	A	0.26%
CHTR	C	0.25%
BURL	B	0.24%
IR	A	0.23%
DAL	B	0.23%
MAS	C	0.23%
AXP	A	0.21%
AMP	B	0.2%
KKR	B	0.2%
ELS	C	0.19%
PCAR	B	0.18%
ADBE	C	0.18%
WDC	C	0.18%
MSI	C	0.17%
NOC	D	0.17%
CDNS	B	0.17%
UNP	C	0.17%
TMUS	A	0.17%
MCK	C	0.16%
MLM	B	0.16%
HUM	C	0.16%
ANET	C	0.15%
MMC	A	0.14%
TGT	F	0.14%
SQ	B	0.14%
URI	B	0.13%
LULU	C	0.13%
BIIB	F	0.12%
FICO	B	0.12%
NUE	D	0.11%
HCA	F	0.11%
DASH	A	0.11%
VST	B	0.1%
CMS	C	0.1%
APTV	F	0.1%
WMG	C	0.1%
NBIX	C	0.08%
EQIX	A	0.07%
SIRI	C	0.07%
EQT	B	0.06%
BAX	F	0.06%
MRVL	B	0.06%
AME	A	0.06%
EL	F	0.05%
NRG	C	0.04%
BMRN	F	0.03%
SRPT	F	0.03%

HELO Underweight 148 Positions Relative to PAPI

Symbol	Grade	Weight
GRMN	A	-0.65%
SNA	A	-0.63%
IP	B	-0.63%
DTM	B	-0.62%
EMR	A	-0.61%
OKE	C	-0.61%
UNM	A	-0.61%
IDCC	A	-0.61%
PINC	B	-0.6%
FOX	B	-0.59%
CFR	B	-0.59%
TAP	C	-0.59%
EA	C	-0.59%
PB	B	-0.59%
IDA	B	-0.59%
KMI	B	-0.58%
CINF	A	-0.58%
JHG	A	-0.58%
WMB	B	-0.58%
JCI	C	-0.58%
WHR	B	-0.57%
RHI	C	-0.57%
SRE	A	-0.57%
CTRA	B	-0.57%
RF	B	-0.57%
DGX	B	-0.57%
LH	B	-0.57%
TXRH	A	-0.57%
FOXA	C	-0.57%
XEL	A	-0.57%
CMI	A	-0.57%
FAST	B	-0.56%
WSO	A	-0.56%
CAH	B	-0.56%
RS	B	-0.56%
PKG	B	-0.56%
TROW	A	-0.56%
VLO	C	-0.55%
PPL	B	-0.55%
DCI	A	-0.55%
INGR	B	-0.55%
GGG	B	-0.55%
EVRG	A	-0.55%
OGE	A	-0.55%
GNTX	C	-0.54%
MOS	F	-0.54%
PAG	B	-0.54%
COR	C	-0.54%
OGS	A	-0.54%
ORI	A	-0.54%
WMT	B	-0.54%
CSCO	A	-0.54%
AFG	A	-0.54%
DRI	B	-0.54%
TJX	A	-0.54%
ADP	B	-0.54%
MTN	C	-0.54%
AEE	A	-0.54%
LHX	C	-0.53%
AM	B	-0.53%
GILD	B	-0.53%
PRU	A	-0.53%
PAYX	B	-0.53%
ATO	A	-0.53%
MSM	C	-0.53%
COLM	A	-0.53%
GLW	B	-0.53%
HP	C	-0.52%
LNT	A	-0.52%
BMI	B	-0.52%
ROP	B	-0.52%
NFG	B	-0.52%
ATR	B	-0.52%
PEG	A	-0.52%
HPQ	B	-0.52%
EXPD	C	-0.52%
PSX	C	-0.52%
CHRD	F	-0.52%
WEC	A	-0.52%
POR	C	-0.51%
AVT	C	-0.51%
DD	D	-0.51%
CALM	B	-0.51%
DLB	B	-0.51%
DINO	F	-0.51%
HIG	B	-0.51%
FNF	B	-0.51%
APD	A	-0.51%
OXM	D	-0.51%
CTVA	B	-0.5%
BDX	F	-0.5%
DUK	C	-0.5%
RTX	D	-0.5%
POWI	D	-0.5%
NYT	C	-0.5%
DVN	F	-0.5%
FE	D	-0.5%
GD	F	-0.5%
VZ	B	-0.5%
CCOI	B	-0.5%
SNX	C	-0.5%
AEP	D	-0.5%
RGLD	D	-0.5%
BG	F	-0.5%
D	C	-0.5%
MTG	B	-0.5%
AFL	B	-0.5%
DOX	D	-0.49%
OMC	C	-0.49%
CHE	D	-0.49%
KMB	C	-0.49%
SON	D	-0.49%
FLO	C	-0.49%
JKHY	D	-0.49%
EMN	D	-0.49%
QCOM	F	-0.49%
HRL	D	-0.49%
CAG	D	-0.48%
AOS	D	-0.48%
WEN	D	-0.48%
ED	D	-0.48%
RPRX	D	-0.48%
LEA	F	-0.48%
WU	D	-0.48%
SHOO	D	-0.47%
AMCR	D	-0.47%
ADM	F	-0.47%
KDP	D	-0.46%
ASH	F	-0.46%
FMC	D	-0.46%
HAS	D	-0.46%
KHC	D	-0.46%
IBM	C	-0.46%
IPG	C	-0.45%
SWKS	F	-0.45%
GPC	D	-0.45%
ESNT	D	-0.45%
HUN	F	-0.44%
MAN	D	-0.44%
PFE	D	-0.44%
INSW	F	-0.44%
PII	F	-0.43%
ELV	F	-0.43%
CVI	F	-0.42%
CRI	F	-0.41%
HII	F	-0.39%
NEM	F	-0.38%
SCCO	F	-0.0%