HEDG vs. HOLA

Last updated Apr 3, 2026

Compare and contrast key facts about Equable Shares Hedged Equity ETF (HEDG) and JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA).

HEDG and HOLA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEDG is a passively managed fund by Equable Shares that tracks the performance of the Actively Managed. It was launched on May 31, 2019. HOLA is an actively managed fund by JPMorgan. It was launched on Mar 15, 2019.

Performance

HEDG vs. HOLA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Equable Shares Hedged Equity ETF (HEDG) and JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA). The values are adjusted to include any dividend payments, if applicable.

HEDG vs. HOLA - Yearly Performance Comparison

	2026 (YTD)	2025
HEDG Equable Shares Hedged Equity ETF	-0.34%	3.16%
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	1.30%	3.78%

Returns By Period

In the year-to-date period, HEDG achieves a -0.34% return, which is significantly lower than HOLA's 1.30% return.

HEDG

• 1D: 0.14%
• 1M: -1.20%
• YTD: -0.34%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOLA

• 1D: 0.11%
• 1M: -1.65%
• YTD: 1.30%
• 6M: 5.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HEDG vs. HOLA - Expense Ratio Comparison

HEDG has a 0.96% expense ratio, which is higher than HOLA's 0.50% expense ratio.

HEDG

Equable Shares Hedged Equity ETF

HOLA

JPMorgan International Hedged Equity Laddered Overlay ETF

Return for Risk

HEDG vs. HOLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equable Shares Hedged Equity ETF (HEDG) and JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HEDG	HOLA	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	1.36	-0.45

Correlation

The correlation between HEDG and HOLA is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HEDG vs. HOLA - Dividend Comparison

HEDG's dividend yield for the trailing twelve months is around 1.89%, less than HOLA's 2.98% yield.

	TTM	2025
HEDG Equable Shares Hedged Equity ETF	1.89%	1.38%
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	2.98%	3.02%

Drawdowns

HEDG vs. HOLA - Drawdown Comparison

The maximum HEDG drawdown since its inception was -3.85%, smaller than the maximum HOLA drawdown of -6.99%. Use the drawdown chart below to compare losses from any high point for HEDG and HOLA.

Drawdown Indicators

	HEDG	HOLA	Difference
Max Drawdown Largest peak-to-trough decline	-3.85%	-6.99%	+3.14%
Current Drawdown Current decline from peak	-1.89%	-4.37%	+2.48%
Average Drawdown Average peak-to-trough decline	-0.47%	-1.20%	+0.73%

Volatility

Volatility by Period

	HEDG	HOLA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.69%	9.28%	-2.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.69%	9.28%	-2.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.69%	9.28%	-2.59%