HOLA vs. MAXJ

Last updated Jun 3, 2026

HOLA (JPMorgan International Hedged Equity Laddered Overlay ETF) and MAXJ (iShares Large Cap Max Buffer Jun ETF) are both Equity Hedged funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

HOLA vs. MAXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA) and iShares Large Cap Max Buffer Jun ETF (MAXJ). 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 MAXJ's 2.84% return.

HOLA

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

MAXJ

• 1D: -0.02%
• 1M: 0.69%
• YTD: 2.84%
• 6M: 3.56%
• 1Y: 9.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOLA vs. MAXJ - Yearly Performance Comparison

	2026 (YTD)	2025
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	4.14%	7.55%
MAXJ iShares Large Cap Max Buffer Jun ETF	2.84%	3.45%

Correlation

The correlation between HOLA and MAXJ is 0.54, 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	0.54

Return for Risk

HOLA vs. MAXJ — Risk / Return Rank

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

MAXJ

MAXJ Risk / Return Rank: 94
MAXJ Sharpe Ratio Rank: 92
MAXJ Sortino Ratio Rank: 96
MAXJ Omega Ratio Rank: 96
MAXJ Calmar Ratio Rank: 90
MAXJ Martin Ratio Rank: 95

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. MAXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA) and iShares Large Cap Max Buffer Jun ETF (MAXJ). 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	MAXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	1.64	-0.20

Drawdowns

HOLA vs. MAXJ - Drawdown Comparison

The maximum HOLA drawdown since its inception was -6.99%, which is greater than MAXJ's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for HOLA and MAXJ.

Drawdown Indicators

	HOLA	MAXJ	Difference
Max Drawdown Largest peak-to-trough decline	-6.99%	-6.35%	-0.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.70%	—
Current Drawdown Current decline from peak	-1.69%	-0.02%	-1.67%
Average Drawdown Average peak-to-trough decline	-1.45%	-0.56%	-0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.30%	—

Volatility

Volatility by Period

	HOLA	MAXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.52%	2.93%	+6.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.52%	5.29%	+4.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.52%	5.29%	+4.23%

HOLA vs. MAXJ - Expense Ratio Comparison

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

Dividends

HOLA vs. MAXJ - Dividend Comparison

HOLA's dividend yield for the trailing twelve months is around 2.90%, more than MAXJ's 0.98% yield.

Position	TTM	2025	2024
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	2.90%	3.02%	0.00%
MAXJ iShares Large Cap Max Buffer Jun ETF	0.98%	1.01%	0.81%

Frequently Asked Questions

Can I hold both HOLA and MAXJ in my portfolio?

HOLA and MAXJ have a correlation of 0.54, 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 MAXJ?

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 MAXJ?

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

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

HOLA has the higher dividend yield at 2.90%, compared with 0.98% for MAXJ.

What is the main difference between HOLA and MAXJ?

They also come from different issuers: JPMorgan and iShares.