HOLA vs. HELO

Last updated Jun 24, 2026

HOLA (JPMorgan International Hedged Equity Laddered Overlay ETF) and HELO (JPMorgan Hedged Equity Laddered Overlay ETF) are both exchange-traded funds - HOLA is a Equity Hedged fund actively managed by JPMorgan, while HELO is a Options Trading fund actively managed by JPMorgan. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

HOLA vs. HELO - Performance Comparison

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

Returns By Period

In the year-to-date period, HOLA achieves a 5.56% return, which is significantly higher than HELO's 1.30% return.

HOLA

• 1D: -0.88%
• 1M: 1.77%
• YTD: 5.56%
• 6M: 4.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HELO

• 1D: -0.66%
• 1M: -0.78%
• YTD: 1.30%
• 6M: 0.62%
• 1Y: 8.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOLA vs. HELO - Yearly Performance Comparison

	2026 (YTD)	2025
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	5.56%	7.60%
HELO JPMorgan Hedged Equity Laddered Overlay ETF	1.30%	5.77%

Correlation

The correlation between HOLA and HELO is 0.63, 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 14, 2025	0.63

Return for Risk

HOLA vs. HELO — Risk / Return Rank

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

HOLA

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

HELO

HELO Risk / Return Rank: 40
HELO Sharpe Ratio Rank: 41
HELO Sortino Ratio Rank: 40
HELO Omega Ratio Rank: 44
HELO Calmar Ratio Rank: 32
HELO Martin Ratio Rank: 43

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.

HOLA vs. HELO - Risk-Adjusted Trends Comparison

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

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HOLA	HELO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.40	—
Sortino ratio: Return per unit of downside risk	—	1.98	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	1.56	—
Martin ratio: Return relative to average drawdown	—	6.81	—

Drawdowns

HOLA vs. HELO - Drawdown Comparison

The maximum HOLA drawdown since its inception was -6.99%, smaller than the maximum HELO drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for HOLA and HELO.

Drawdown Indicators

	HOLA	HELO	Difference
Max Drawdown Largest peak-to-trough decline	-6.99%	-10.89%	+3.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.76%	—
Current Drawdown Current decline from peak	-0.88%	-1.26%	+0.38%
Average Drawdown Average peak-to-trough decline	-1.44%	-1.18%	-0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.32%	—

Volatility

Volatility by Period

	HOLA	HELO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.93%	6.40%	+3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.93%	7.98%	+1.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.93%	7.98%	+1.95%

HOLA vs. HELO - Expense Ratio Comparison

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

Dividends

HOLA vs. HELO - Dividend Comparison

HOLA's dividend yield for the trailing twelve months is around 2.86%, more than HELO's 0.63% yield.

Position	TTM	2025	2024	2023
HELO JPMorgan Hedged Equity Laddered Overlay ETF	0.63%	0.67%	0.60%	0.19%
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	2.86%	3.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOLA and HELO in my portfolio?

HOLA and HELO have a correlation of 0.63, 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 HELO?

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, HOLA or HELO?

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

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

HOLA has the higher dividend yield at 2.86%, compared with 0.63% for HELO.

What is the main difference between HOLA and HELO?

HOLA is categorized as Equity Hedged, while HELO is Options Trading.