HEQQ vs. HOLA

Last updated Jun 4, 2026

HEQQ (JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF) and HOLA (JPMorgan International Hedged Equity Laddered Overlay ETF) are both exchange-traded funds - HEQQ is a Nasdaq-100 fund managed by JPMorgan, while HOLA is a Equity Hedged fund actively managed by JPMorgan. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

HEQQ vs. HOLA - Performance Comparison

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

Returns By Period

In the year-to-date period, HEQQ achieves a 4.67% return, which is significantly higher than HOLA's 3.91% return.

HEQQ

• 1D: -0.15%
• 1M: 0.96%
• YTD: 4.67%
• 6M: 4.45%
• 1Y: 17.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOLA

• 1D: -0.22%
• 1M: 1.62%
• YTD: 3.91%
• 6M: 5.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HEQQ vs. HOLA - Yearly Performance Comparison

	2026 (YTD)	2025
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	4.67%	8.81%
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	3.91%	7.55%

Correlation

The correlation between HEQQ and HOLA is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.55

HEQQ vs. HOLA - Sectors Allocation Comparison

Sectors	HEQQ	HOLA
Technology	53.8%	11.9%
Communication Services	15.3%	3.1%
Consumer Cyclical	12.3%	6.2%
Consumer Defensive	6.9%	6.5%
Healthcare	4.7%	9.5%
Industrials	3.0%	15.5%
Utilities	1.8%	2.7%
Basic Materials	0.7%	5.2%
Energy	0.7%	2.6%
Financial Services	0.6%	23.9%
Real Estate	0.2%	1.0%

Return for Risk

HEQQ vs. HOLA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HEQQ

HEQQ Risk / Return Rank: 59
HEQQ Sharpe Ratio Rank: 64
HEQQ Sortino Ratio Rank: 65
HEQQ Omega Ratio Rank: 69
HEQQ Calmar Ratio Rank: 47
HEQQ Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HEQQ vs. HOLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) 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.

	HEQQ	HOLA	Difference
Sharpe ratio: Return per unit of total volatility	2.11	—	—
Sortino ratio: Return per unit of downside risk	2.96	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	2.25	—	—
Martin ratio: Return relative to average drawdown	8.86	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HEQQ	HOLA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	1.40	+0.34

Drawdowns

HEQQ vs. HOLA - Drawdown Comparison

The maximum HEQQ drawdown since its inception was -7.64%, which is greater than HOLA's maximum drawdown of -6.99%. Use the drawdown chart below to compare losses from any high point for HEQQ and HOLA.

Drawdown Indicators

	HEQQ	HOLA	Difference
Max Drawdown Largest peak-to-trough decline	-7.64%	-6.99%	-0.65%
Max Drawdown (1Y) Largest decline over 1 year	-7.64%	—	—
Current Drawdown Current decline from peak	-0.55%	-1.91%	+1.36%
Average Drawdown Average peak-to-trough decline	-1.11%	-1.45%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	—	—

Volatility

Volatility by Period

	HEQQ	HOLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.14%	9.50%	-1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.89%	9.50%	+1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.89%	9.50%	+1.39%

HEQQ vs. HOLA - Expense Ratio Comparison

Both HEQQ and HOLA have an expense ratio of 0.50%.

Dividends

HEQQ vs. HOLA - Dividend Comparison

HEQQ's dividend yield for the trailing twelve months is around 0.19%, less than HOLA's 2.91% yield.

Position	TTM	2025
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	0.19%	0.19%
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	2.91%	3.02%

Frequently Asked Questions

Can I hold both HEQQ and HOLA in my portfolio?

HEQQ and HOLA have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HEQQ or HOLA?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEQQ or HOLA?

HEQQ and HOLA have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, HEQQ or HOLA?

HOLA has the higher dividend yield at 2.91%, compared with 0.19% for HEQQ.

What is the main difference between HEQQ and HOLA?

HEQQ is categorized as Nasdaq-100, while HOLA is Equity Hedged.