PAPIvsHELOETF Comparison
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Parametric Equity Premium Income ETF (PAPI) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO) belong to the same industry segment: Options Strategies. PAPI is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.5% for HELO. PAPI is up 15.18% year-to-date (YTD) with +$239M in YTD flows. HELO performs worse with 4.72% YTD performance, and +$1.09B in YTD flows. Run a side-by-side ETF comparison of PAPI and HELO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PAPI vs HELO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PAPI HELO | +6.04%-0.06% | +2.91%+2.51% | +15.18%+4.72% | +17.15%+5.87% | +43.15%+44.40% | n/an/a |
| Flows | PAPI HELO | +$30M+$49M | +$92M+$227M | +$239M+$1.09B | +$252M+$1.15B | +$493M+$4.27B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAPI HELO | +9.26%+7.25% | +9.93%+7.09% | +11.33%+7.81% | n/an/a |
| Max drawdown | PAPI HELO | -5.95%-2.37% | -6.88%-5.83% | -14.08%-10.86% | n/an/a |
| Max drawdown duration | PAPI HELO | 58d71d | 135d73d | 379d169d | n/an/a |
Trading data
PAPI | HELO | |
Last sale 10/27/2026 at 1:30 PM | $28.00 | $69.52 |
| Previous close 10/26/2026 | $28.11 | $69.25 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
PAPI | HELO | |
|---|---|---|
| Last price | $28.00 | $69.52 |
| 1D performance | -0.39% | +0.39% |
| AuM | $540.16 M | $4.88 B |
| E/R | 0.29% | 0.5% |
Characteristics
PAPI | HELO | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Morgan Stanley | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 19, 2023 | September 28, 2023 |
| ESG | No | No |
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Exposure
Countries
PAPI
Data will be available soon
HELO
Data will be available soon
Sectors
PAPI
Data will be available soon
HELO
Data will be available soon
Diversification
PAPI
Data will be available soon
HELO
Data will be available soon
Top 15 holdings
Data as of January 1, 1970
PAPI
Data will be available soon
HELO
Data will be available soon
Frequently asked questions about PAPI and HELO
How have the PAPI and HELO ETFs performed in 2026?
As of October 26, 2026, PAPI is up 15.18% year-to-date (YTD), while HELO has returned 4.72%. That puts PAPI better performer ahead so far this year.
Which ETF is attracting more investor money: PAPI or HELO?
Year-to-date, the PAPI ETF saw +$239M in flows, compared to +$1.09B for HELO.
Which ETF is more volatile: PAPI or HELO?
Over the past year, PAPI had a volatility of 9.93%, while HELO experienced 7.09%.
Which ETF is bigger: PAPI or HELO?
As of October 26, 2026, PAPI holds $540.16 M in assets under management (AUM), while HELO manages $4.88 B.
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Latest news about PAPI & HELO
Hedged Equity ETFs: Options-Based Alternatives to the 60/40 Portfolio
March 25, 2025
HELO
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