HELO vs. QQA ETF Comparison

Comparison of JPMorgan Hedged Equity Laddered Overlay ETF (HELO) to Invesco QQQ Income Advantage ETF (QQA)

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

$62.66

Average Daily Volume

282,728

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

QQA

Invesco QQQ Income Advantage ETF

QQA Description

The fund seeks to achieve its investment objective by: (1) investing in a portfolio of U.S. equity securities designed to track the performance, before fees and expenses, of the NASDAQ-100 Index® or U.S.-listed exchange-traded funds (ETFs) that seek to track the performance of the index, or both, and (2) utilizing an options-based income strategy implemented through equity-linked notes (ELNs) with exposure to either the index or ETFs tracking the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.25

Average Daily Volume

11,155

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	HELO	QQA
30 Days	1.57%	4.30%
60 Days	3.39%	5.68%
90 Days	4.59%	6.30%
12 Months	20.91%

40 Overlapping Holdings

Symbol	Grade	Weight in HELO	Weight in QQA	Overlap
AAPL	C	6.83%	6.56%	6.56%
ADBE	C	0.18%	1.11%	0.18%
ADI	D	0.72%	0.51%	0.51%
AMD	F	0.45%	1.08%	0.45%
AMZN	C	4.5%	4.08%	4.08%
AVGO	D	1.02%	3.78%	1.02%
BIIB	F	0.12%	0.11%	0.11%
BKNG	A	0.75%	0.83%	0.75%
BKR	B	0.24%	0.21%	0.21%
CDNS	B	0.17%	0.39%	0.17%
CHTR	C	0.25%	0.28%	0.25%
CMCSA	B	0.71%	0.82%	0.71%
COST	B	0.53%	1.99%	0.53%
CSX	B	0.41%	0.34%	0.34%
CTSH	B	0.49%	0.19%	0.19%
DASH	A	0.11%	0.32%	0.11%
FANG	D	0.31%	0.26%	0.26%
GOOG	C	1.46%	1.86%	1.46%
GOOGL	C	2.09%	1.94%	1.94%
HON	B	0.98%	0.74%	0.74%
INTU	C	0.51%	0.95%	0.51%
LIN	D	0.82%	1.06%	0.82%
LRCX	F	0.37%	0.45%	0.37%
LULU	C	0.13%	0.19%	0.13%
MDLZ	F	0.72%	0.43%	0.43%
META	D	2.9%	3.69%	2.9%
MNST	C	0.32%	0.25%	0.25%
MRVL	B	0.06%	0.38%	0.06%
MSFT	F	7.13%	5.91%	5.91%
MU	D	0.57%	0.53%	0.53%
NVDA	C	7.8%	6.68%	6.68%
NXPI	D	0.72%	0.27%	0.27%
PCAR	B	0.18%	0.29%	0.18%
PEP	F	0.83%	1.08%	0.83%
REGN	F	0.45%	0.4%	0.4%
ROST	C	0.44%	0.23%	0.23%
TMUS	B	0.17%	1.36%	0.17%
TSLA	B	1.58%	2.98%	1.58%
TXN	C	0.87%	0.91%	0.87%
VRTX	F	0.6%	0.6%	0.6%

HELO Overweight 121 Positions Relative to QQA

Symbol	Grade	Weight
MA	C	1.72%
UNH	C	1.62%
BRK.A	B	1.53%
V	A	1.49%
XOM	B	1.43%
BAC	A	1.26%
CRM	B	1.15%
ABBV	D	1.14%
LLY	F	1.07%
WFC	A	1.0%
LOW	D	0.99%
TT	A	0.96%
NOW	A	0.94%
TMO	F	0.89%
SO	D	0.84%
NEE	D	0.83%
COP	C	0.81%
MCD	D	0.81%
SYK	C	0.76%
GS	A	0.75%
PGR	A	0.75%
BMY	B	0.68%
DE	A	0.68%
AZO	C	0.65%
KO	D	0.63%
HWM	A	0.62%
CME	A	0.59%
UBER	D	0.58%
TFC	A	0.56%
UPS	C	0.54%
BSX	B	0.52%
TDG	D	0.52%
FIS	C	0.52%
CMG	B	0.51%
JNJ	D	0.51%
PLD	D	0.5%
OTIS	C	0.5%
PCG	A	0.5%
YUM	B	0.5%
FITB	A	0.48%
CPAY	A	0.47%
EOG	A	0.47%
CARR	D	0.46%
MDT	D	0.46%
DHR	F	0.44%
AON	A	0.44%
SCHW	B	0.42%
STX	D	0.41%
LDOS	C	0.39%
DLR	B	0.39%
VTR	C	0.39%
ETN	A	0.38%
ORCL	B	0.36%
HLT	A	0.36%
DOW	F	0.35%
TRV	B	0.34%
RCL	A	0.34%
CI	F	0.34%
FDX	B	0.33%
USB	A	0.33%
PM	B	0.32%
SBAC	D	0.31%
DIS	B	0.31%
MET	A	0.3%
C	A	0.3%
CHD	B	0.3%
EXPE	B	0.29%
TXT	D	0.29%
WELL	A	0.27%
KVUE	A	0.26%
BURL	A	0.24%
MRK	F	0.24%
LYB	F	0.23%
IR	B	0.23%
DAL	C	0.23%
MAS	D	0.23%
PPG	F	0.21%
ACN	C	0.21%
AXP	A	0.21%
BBY	D	0.2%
AMP	A	0.2%
KKR	A	0.2%
ABT	B	0.19%
ELS	C	0.19%
CVX	A	0.18%
HPE	B	0.18%
WDC	D	0.18%
T	A	0.18%
MSI	B	0.17%
NOC	D	0.17%
UNP	C	0.17%
MCK	B	0.16%
MLM	B	0.16%
HUM	C	0.16%
MO	A	0.15%
ANET	C	0.15%
LEN	D	0.14%
PG	A	0.14%
MMC	B	0.14%
TGT	F	0.14%
SQ	B	0.14%
URI	B	0.13%
PFG	D	0.13%
FICO	B	0.12%
NUE	C	0.11%
HCA	F	0.11%
VST	B	0.1%
CMS	C	0.1%
APTV	D	0.1%
WMG	C	0.1%
NBIX	C	0.08%
EQIX	A	0.07%
SIRI	C	0.07%
EQT	B	0.06%
BAX	D	0.06%
AME	A	0.06%
EL	F	0.05%
NRG	B	0.04%
BMRN	D	0.03%
SRPT	D	0.03%
LKQ	D	0.02%

HELO Underweight 61 Positions Relative to QQA

Symbol	Grade	Weight
NFLX	A	-1.75%
CSCO	B	-1.15%
ISRG	A	-0.93%
QCOM	F	-0.88%
AMGN	D	-0.75%
AMAT	F	-0.69%
PANW	C	-0.62%
ADP	B	-0.6%
SBUX	A	-0.55%
GILD	C	-0.54%
INTC	D	-0.51%
MELI	D	-0.47%
CTAS	B	-0.43%
PYPL	B	-0.43%
KLAC	D	-0.41%
SNPS	B	-0.4%
MAR	B	-0.39%
PDD	F	-0.38%
CRWD	B	-0.38%
FTNT	C	-0.36%
CEG	D	-0.35%
ORLY	B	-0.35%
ADSK	A	-0.32%
ASML	F	-0.31%
ABNB	C	-0.29%
ROP	B	-0.29%
CPRT	A	-0.27%
WDAY	B	-0.27%
TTD	B	-0.26%
AEP	D	-0.25%
PAYX	C	-0.25%
FAST	B	-0.23%
ODFL	B	-0.23%
EA	A	-0.21%
KDP	D	-0.21%
VRSK	A	-0.2%
KHC	F	-0.19%
XEL	A	-0.19%
DDOG	A	-0.19%
EXC	C	-0.19%
TEAM	A	-0.19%
AZN	D	-0.18%
GEHC	F	-0.18%
IDXX	F	-0.17%
CCEP	C	-0.17%
MCHP	D	-0.16%
ZS	C	-0.15%
DXCM	D	-0.15%
TTWO	A	-0.15%
ON	D	-0.14%
CSGP	D	-0.14%
ANSS	B	-0.14%
CDW	F	-0.12%
ILMN	D	-0.11%
WBD	C	-0.11%
GFS	C	-0.11%
MDB	C	-0.1%
ARM	D	-0.08%
MRNA	F	-0.07%
DLTR	F	-0.07%
SMCI	F	-0.05%