Jpmorgan Hedged Equity Laddered Overlay ETF (HELO) Valuation
HELO valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.6 trailing earnings
- Forward P/E
- 19.5 analyst estimates
- Price / sales
- 3.90
- Price / book
- 5.50
- EV / EBITDA
- 17.1
- Earnings yield
- 4.06% inverse of P/E
- Dividend yield
- 1.08% of the holdings
- Return on equity
- 22.3% combined
- Net margin
- 15.8% combined
- Beta
- 1.14 weighted, vs S&P 500
HELO valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| HELO | 24.6 | 19.5 | 3.90 | 5.50 | 1.08% | 22.3% | 15.8% | 0.8% |
| SPY | 25.9 | 19.9 | 3.67 | 5.47 | 1.08% | 21.1% | 14.2% | 1.9% |
| QQQ | 34.2 | 23.4 | 5.93 | 9.27 | 0.58% | 27.1% | 17.4% | 6.9% |
| DIA | 20.9 | 18.4 | 3.16 | 5.52 | 1.55% | 26.4% | 15.1% | 0.0% |
| VTI | 28.2 | 19.4 | 3.31 | 5.00 | 1.07% | 17.7% | 11.8% | 4.6% |
| IWM | n/m | 13.9 | 1.25 | 2.03 | 1.38% | −1.7% | −1.0% | 28.1% |
Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.
HELO valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 37.9% | 30.8 | 22.3 | 8.86 | 12.42 | 0.59% | 40.3% |
| Financial Services | 11.4% | 16.3 | 14.4 | 4.01 | 2.35 | 1.55% | 14.4% |
| Consumer Cyclical | 10.2% | 23.6 | 22.7 | 3.15 | 8.09 | 0.62% | 34.2% |
| Healthcare | 9.6% | 30.2 | 17.2 | 1.55 | 5.14 | 1.46% | 17.0% |
| Communication Services | 8.8% | 17.7 | 19.2 | 5.04 | 4.91 | 0.71% | 27.7% |
| Industrials | 7.0% | 29.3 | 21.3 | 2.86 | 6.18 | 1.08% | 21.1% |
| Energy | 3.7% | 17.0 | 12.4 | 2.31 | 2.31 | 2.26% | 13.6% |
| Consumer Defensive | 3.5% | 24.9 | 18.8 | 2.25 | 6.21 | 2.99% | 24.9% |
| Utilities | 2.1% | 21.1 | 17.1 | 4.35 | 2.35 | 3.05% | 11.1% |
| Basic Materials | 1.8% | 27.3 | 20.4 | 3.96 | 4.62 | 1.21% | 16.9% |
| Real Estate | 1.6% | 59.7 | 52.5 | 8.60 | 4.73 | 2.46% | 7.9% |
HELO earnings yield vs bond yields
Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.
How HELO weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
HELO largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 7.98% | 27.1 | 24.9 | 17.1 | 0.47% | 7.44% |
| AAPL | Apple Inc. | 7.17% | 39.4 | 35.2 | 10.7 | 0.31% | 4.59% |
| MSFT | Microsoft Corporation | 6.53% | 29.5 | 25.1 | 11.8 | 0.74% | 5.60% |
| AMZN | Amazon.com, Inc. | 4.08% | 20.1 | 23.6 | 3.5 | — | 5.11% |
| GOOGL | Alphabet Inc. | 2.87% | 17.1 | 22.8 | 9.3 | 0.26% | 4.23% |
| AVGO | Broadcom Inc. | 2.60% | 43.3 | 19.4 | 17.6 | 0.79% | 1.51% |
| META | Meta Platforms, Inc. | 2.35% | 26.7 | 22.1 | 7.9 | 0.30% | 2.22% |
| GOOG | Alphabet Inc. | 2.02% | 16.9 | 21.8 | 9.2 | 0.26% | 3.01% |
| MU | Micron Technology, Inc. | 1.52% | 11.8 | 7.0 | 7.5 | 0.07% | 3.26% |
| XOM | Exxon Mobil Corporation | 1.50% | 23.0 | 14.8 | 2.0 | 2.30% | 1.64% |
| JNJ | Johnson & Johnson | 1.42% | 38.8 | 21.0 | 6.2 | 2.10% | 0.93% |
| MA | Mastercard Incorporated | 1.40% | 34.0 | 24.2 | 15.4 | 0.56% | 1.04% |
| LLY | Eli Lilly and Company | 1.38% | 42.2 | 24.4 | 14.1 | 0.55% | 0.83% |
| TSLA | Tesla, Inc. | 1.31% | 328.4 | 158.7 | 13.5 | — | 0.10% |
| BRK.B | Berkshire Hathaway Inc. | 1.28% | 13.4 | 22.7 | 3.0 | — | 2.41% |
| AMD | Advanced Micro Devices, Inc. | 1.22% | 134.9 | 39.5 | 20.9 | — | 0.23% |
| ABBV | AbbVie Inc. | 1.18% | 80.6 | 16.4 | 7.8 | 2.42% | 0.37% |
| V | Visa Inc. | 1.08% | 34.3 | 24.0 | 17.0 | 0.67% | 0.80% |
| RTX | RTX Corporation | 1.05% | 34.1 | 24.6 | 2.8 | 1.51% | 0.78% |
| ACN | Accenture plc | 1.01% | 16.9 | 12.4 | 1.9 | 2.98% | 1.51% |
| TT | Trane Technologies plc | 0.90% | 34.2 | 25.2 | 4.5 | 0.92% | 0.67% |
| MMM | 3M Company | 0.86% | 29.3 | 17.8 | 3.4 | 1.89% | 0.74% |
| NEE | NextEra Energy, Inc. | 0.86% | 17.9 | 17.7 | 5.8 | 3.12% | 1.21% |
| LRCX | Lam Research Corporation | 0.86% | 45.8 | 33.7 | 14.2 | 0.50% | 0.47% |
| EOG | EOG Resources, Inc. | 0.83% | 12.3 | 10.1 | 3.1 | 2.58% | 1.70% |
Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.
About HELO valuation
Adding up its 144 holdings with company data, HELO trades at 24.6 times trailing earnings and 19.5 times analysts' forward estimates, with a price-to-book ratio of 5.50 and a dividend yield of 1.08%. Its earnings yield of 4.06% is 1.27 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 38.6% of the fund and earn 38.6% of its combined profit. By sector, Real Estate is the most expensive at 59.7 times earnings and Financial Services the cheapest at 16.3. Companies that lost money over the past year are 0.8% of the covered weight.
How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: HELO chart, HELO performance, HELO holdings, HELO dividends.
HELO valuation FAQ
What is the P/E ratio of HELO?
Based on its holdings, HELO has a trailing P/E of 24.6 and a forward P/E of 19.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of HELO?
The trailing earnings yield is 4.06% (1 ÷ P/E) and the forward earnings yield 5.13%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is HELO more expensive than the S&P 500?
HELO trades at 24.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.5 and 19.9.
What is the price-to-book ratio of HELO?
The holdings of HELO trade at 5.50 times book value, with a combined return on equity of 22.3%.
Which sector in HELO has the highest P/E?
Real Estate has the highest P/E at 59.7 and Financial Services the lowest at 16.3.