HELO vs. TEQI ETF Comparison

Comparison of JPMorgan Hedged Equity Laddered Overlay ETF (HELO) to T. Rowe Price Equity Income ETF (TEQI)

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

TEQI

T. Rowe Price Equity Income ETF

TEQI Description

The investment seeks a high level of dividend income and long-term capital growth. The fund will normally invest at least 80% of its assets in common stocks listed in the United States, with an emphasis on large-capitalization stocks that have a strong track record of paying dividends or that are believed to be undervalued (or futures that have similar economic characteristics). It typically employs a value approach in selecting investments. The fund's in-house research team seeks companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth.

Grade (RS Rating)

Last Trade

$43.23

Average Daily Volume

26,680

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

Performance

Period	HELO	TEQI
30 Days	1.57%	3.09%
60 Days	3.39%	4.07%
90 Days	4.59%	5.51%
12 Months	20.91%	27.01%

43 Overlapping Holdings

Symbol	Grade	Weight in HELO	Weight in TEQI	Overlap
ABBV	D	1.14%	0.27%	0.27%
ACN	C	0.21%	0.8%	0.21%
AMD	F	0.45%	0.15%	0.15%
BAC	A	1.26%	0.58%	0.58%
BIIB	F	0.12%	0.27%	0.12%
BKR	B	0.24%	0.31%	0.24%
BMY	B	0.68%	0.59%	0.59%
C	A	0.3%	1.34%	0.3%
CI	F	0.34%	1.13%	0.34%
CMCSA	B	0.71%	0.62%	0.62%
COP	C	0.81%	0.35%	0.35%
CRM	B	1.15%	0.22%	0.22%
CSX	B	0.41%	0.46%	0.41%
CVX	A	0.18%	0.18%	0.18%
DIS	B	0.31%	1.03%	0.31%
EOG	A	0.47%	0.58%	0.47%
EQT	B	0.06%	0.61%	0.06%
FITB	A	0.48%	0.92%	0.48%
GS	A	0.75%	0.04%	0.04%
HON	B	0.98%	0.33%	0.33%
HUM	C	0.16%	0.16%	0.16%
JNJ	D	0.51%	1.17%	0.51%
KVUE	A	0.26%	1.68%	0.26%
MDLZ	F	0.72%	0.1%	0.1%
MDT	D	0.46%	0.98%	0.46%
MET	A	0.3%	2.06%	0.3%
MRK	F	0.24%	0.34%	0.24%
MSFT	F	7.13%	1.48%	1.48%
NEE	D	0.83%	0.9%	0.83%
NXPI	D	0.72%	0.87%	0.72%
PCG	A	0.5%	0.16%	0.16%
PM	B	0.32%	1.75%	0.32%
SCHW	B	0.42%	1.49%	0.42%
SO	D	0.84%	2.29%	0.84%
T	A	0.18%	0.14%	0.14%
TMO	F	0.89%	0.37%	0.37%
TXN	C	0.87%	0.97%	0.87%
UNH	C	1.62%	1.57%	1.57%
UNP	C	0.17%	0.19%	0.17%
UPS	C	0.54%	1.03%	0.54%
USB	A	0.33%	0.99%	0.33%
WFC	A	1.0%	2.02%	1.0%
XOM	B	1.43%	1.61%	1.43%

HELO Overweight 118 Positions Relative to TEQI

Symbol	Grade	Weight
NVDA	C	7.8%
AAPL	C	6.83%
AMZN	C	4.5%
META	D	2.9%
GOOGL	C	2.09%
MA	C	1.72%
TSLA	B	1.58%
BRK.A	B	1.53%
V	A	1.49%
GOOG	C	1.46%
LLY	F	1.07%
AVGO	D	1.02%
LOW	D	0.99%
TT	A	0.96%
NOW	A	0.94%
PEP	F	0.83%
LIN	D	0.82%
MCD	D	0.81%
SYK	C	0.76%
BKNG	A	0.75%
PGR	A	0.75%
ADI	D	0.72%
DE	A	0.68%
AZO	C	0.65%
KO	D	0.63%
HWM	A	0.62%
VRTX	F	0.6%
CME	A	0.59%
UBER	D	0.58%
MU	D	0.57%
TFC	A	0.56%
COST	B	0.53%
BSX	B	0.52%
TDG	D	0.52%
FIS	C	0.52%
INTU	C	0.51%
CMG	B	0.51%
PLD	D	0.5%
OTIS	C	0.5%
YUM	B	0.5%
CTSH	B	0.49%
CPAY	A	0.47%
CARR	D	0.46%
REGN	F	0.45%
DHR	F	0.44%
AON	A	0.44%
ROST	C	0.44%
STX	D	0.41%
LDOS	C	0.39%
DLR	B	0.39%
VTR	C	0.39%
ETN	A	0.38%
LRCX	F	0.37%
ORCL	B	0.36%
HLT	A	0.36%
DOW	F	0.35%
TRV	B	0.34%
RCL	A	0.34%
FDX	B	0.33%
MNST	C	0.32%
SBAC	D	0.31%
FANG	D	0.31%
CHD	B	0.3%
EXPE	B	0.29%
TXT	D	0.29%
WELL	A	0.27%
CHTR	C	0.25%
BURL	A	0.24%
LYB	F	0.23%
IR	B	0.23%
DAL	C	0.23%
MAS	D	0.23%
PPG	F	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%
HPE	B	0.18%
PCAR	B	0.18%
ADBE	C	0.18%
WDC	D	0.18%
MSI	B	0.17%
NOC	D	0.17%
CDNS	B	0.17%
TMUS	B	0.17%
MCK	B	0.16%
MLM	B	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	A	0.14%
URI	B	0.13%
LULU	C	0.13%
PFG	D	0.13%
FICO	B	0.12%
NUE	C	0.11%
HCA	F	0.11%
DASH	A	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%
BAX	D	0.06%
MRVL	B	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 69 Positions Relative to TEQI

Symbol	Grade	Weight
ELV	F	-2.3%
CB	C	-2.08%
GE	D	-2.05%
TTE	F	-1.99%
QCOM	F	-1.96%
AIG	B	-1.85%
LHX	C	-1.81%
CF	B	-1.72%
BDX	F	-1.72%
KMB	D	-1.63%
SWK	D	-1.62%
NWSA	B	-1.57%
WY	D	-1.54%
EQR	B	-1.49%
ZBH	C	-1.47%
IP	B	-1.47%
HIG	B	-1.43%
JPM	A	-1.41%
EQH	B	-1.39%
WMT	A	-1.23%
HBAN	A	-1.22%
D	C	-1.17%
AMAT	F	-1.13%
FI	A	-1.13%
LVS	C	-1.12%
CVS	D	-1.09%
AEE	A	-1.04%
L	A	-1.01%
BA	F	-0.92%
AZN	D	-0.88%
CAG	D	-0.87%
LUV	C	-0.84%
TSN	B	-0.83%
SNY	F	-0.83%
SRE	A	-0.77%
RYN	D	-0.76%
CL	D	-0.75%
VTRS	A	-0.7%
CMI	A	-0.63%
GEV	B	-0.59%
NSC	B	-0.57%
WMB	A	-0.56%
REXR	F	-0.54%
PFE	D	-0.48%
MAT	D	-0.48%
GM	B	-0.41%
MRO	B	-0.4%
VZ	C	-0.35%
TJX	A	-0.34%
MMM	D	-0.34%
INTC	D	-0.34%
KSS	F	-0.33%
MS	A	-0.33%
SRCL	C	-0.32%
DG	F	-0.3%
GEHC	F	-0.29%
APO	B	-0.28%
CSCO	B	-0.28%
NI	A	-0.25%
HES	B	-0.23%
SLB	C	-0.18%
CNC	D	-0.17%
ROK	B	-0.15%
CAH	B	-0.15%
BK	A	-0.15%
HD	A	-0.12%
ATO	A	-0.1%
NWS	A	-0.08%
VNO	B	-0.07%