HOLA vs. HELO
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. Over the past year, HOLA returned 13.44% vs 8.57% for HELO. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
HOLA vs. HELO - Performance Comparison
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Returns By Period
In the year-to-date period, HOLA achieves a 5.43% return, which is significantly higher than HELO's 2.65% return.
HOLA
- 1D
- -0.64%
- 1M
- 0.73%
- 6M
- 2.01%
- YTD
- 5.43%
- 1Y
- 13.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HELO
- 1D
- -0.47%
- 1M
- 1.14%
- 6M
- 1.61%
- YTD
- 2.65%
- 1Y
- 8.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOLA vs. HELO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF | 5.43% | 7.60% |
HELO JPMorgan Hedged Equity Laddered Overlay ETF | 2.65% | 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 |
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Return for Risk
HOLA vs. HELO — Risk / Return Rank
HOLA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HELO
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.50 | — |
| Martin ratioReturn relative to average drawdown | — | 6.48 | — |
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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.
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Drawdown Indicators
| HOLA | HELO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.99% | -10.89% | +3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -5.76% | -1.23% |
Current DrawdownCurrent decline from peak | -1.41% | -0.47% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -1.17% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.33% | — |
Volatility
HOLA vs. HELO - Volatility Comparison
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Volatility by Period
| HOLA | HELO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.81% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.96% | 6.45% | +3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.96% | 7.93% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.96% | 7.93% | +2.03% |
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 2.87%, 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 | 2.87% | 3.02% | 0.00% | 0.00% |
Frequently Asked Questions
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.
On 1-year performance, HOLA leads with 13.44% vs 8.57% for 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.
Over the 1-year period, HOLA has performed better with a 13.44% return vs 8.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HOLA and HELO have the same expense ratio: 0.50% per year.
HOLA has the higher dividend yield at 2.87%, compared with 0.63% for HELO.
HOLA is categorized as Equity Hedged, while HELO is Options Trading.
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