HOLA vs. HEDG

Last updated Jun 3, 2026

HOLA (JPMorgan International Hedged Equity Laddered Overlay ETF) and HEDG (Equable Shares Hedged Equity ETF) are both Equity Hedged funds. HOLA is actively managed, while HEDG is passively managed. A 0.55 correlation means they provide meaningful diversification when combined. HOLA charges 0.50%/yr vs 0.96%/yr for HEDG.

Performance

HOLA vs. HEDG - Performance Comparison

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

Returns By Period

In the year-to-date period, HOLA achieves a 4.14% return, which is significantly higher than HEDG's 2.64% return.

HOLA

• 1D: 0.28%
• 1M: 1.14%
• YTD: 4.14%
• 6M: 6.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEDG

• 1D: 0.03%
• 1M: 0.69%
• YTD: 2.64%
• 6M: 3.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOLA vs. HEDG - Yearly Performance Comparison

	2026 (YTD)	2025
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	4.14%	3.78%
HEDG Equable Shares Hedged Equity ETF	2.64%	3.16%

Correlation

The correlation between HOLA and HEDG 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 Oct 14, 2025	0.55

HOLA vs. HEDG - Sectors Allocation Comparison

Sectors	HOLA	HEDG
Financial Services	23.9%	11.9%
Industrials	15.5%	8.1%
Technology	11.9%	36.2%
Healthcare	9.5%	8.4%
Consumer Defensive	6.5%	4.9%
Consumer Cyclical	6.2%	10.1%
Basic Materials	5.2%	1.8%
Communication Services	3.1%	10.9%
Utilities	2.7%	2.3%
Energy	2.6%	3.5%
Real Estate	1.0%	1.9%

Return for Risk

HOLA vs. HEDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA) and Equable Shares Hedged Equity ETF (HEDG). 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

	HOLA	HEDG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	1.61	-0.17

Drawdowns

HOLA vs. HEDG - Drawdown Comparison

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

Drawdown Indicators

	HOLA	HEDG	Difference
Max Drawdown Largest peak-to-trough decline	-6.99%	-3.85%	-3.14%
Current Drawdown Current decline from peak	-1.69%	0.00%	-1.69%
Average Drawdown Average peak-to-trough decline	-1.45%	-0.39%	-1.06%

Volatility

Volatility by Period

	HOLA	HEDG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.52%	5.92%	+3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.52%	5.92%	+3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.52%	5.92%	+3.60%

HOLA vs. HEDG - Expense Ratio Comparison

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

Dividends

HOLA vs. HEDG - Dividend Comparison

HOLA's dividend yield for the trailing twelve months is around 2.90%, more than HEDG's 1.84% yield.

Position	TTM	2025
HEDG Equable Shares Hedged Equity ETF	1.84%	1.38%
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	2.90%	3.02%

Frequently Asked Questions

Can I hold both HOLA and HEDG in my portfolio?

HOLA and HEDG 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, HOLA or HEDG?

On fees, HOLA is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOLA or HEDG?

HOLA is cheaper with a 0.50% expense ratio, compared with 0.96% for HEDG.

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

HOLA has the higher dividend yield at 2.90%, compared with 1.84% for HEDG.

What is the main difference between HOLA and HEDG?

They also come from different issuers: JPMorgan and Equable Shares. Their fees differ too: 0.50% for HOLA and 0.96% for HEDG.