HOLA vs. OILK
HOLA (JPMorgan International Hedged Equity Laddered Overlay ETF) and OILK (ProShares K-1 Free Crude Oil ETF) are both exchange-traded funds - HOLA is a Equity Hedged fund actively managed by JPMorgan, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. HOLA is actively managed, while OILK is passively managed. Over the past year, HOLA returned 17.66% vs 38.09% for OILK. Their -0.26 correlation means they have often moved in opposite directions in the past. HOLA charges 0.50%/yr vs 0.69%/yr for OILK.
Performance
HOLA vs. OILK - Performance Comparison
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Returns By Period
In the year-to-date period, HOLA achieves a 7.29% return, which is significantly lower than OILK's 52.43% return.
HOLA
- 1D
- -0.36%
- 1M
- 1.19%
- 6M
- 3.35%
- YTD
- 7.29%
- 1Y
- 17.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.71%
OILK
- 1D
- 0.57%
- 1M
- 12.53%
- 6M
- 35.52%
- YTD
- 52.43%
- 1Y
- 38.09%
- 3Y*
- 11.27%
- 5Y*
- 14.44%
- 10Y*
- —
- ALL TIME*
- 3.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $762.47K | $628.26K | $1.14M | |
| $7.09M | $6.91M | $10.69M |
HOLA vs. OILK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF | 7.29% | 7.60% |
OILK ProShares K-1 Free Crude Oil ETF | 52.43% | -9.64% |
Correlation
The correlation between HOLA and OILK is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | -0.26 |
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Return for Risk
HOLA vs. OILK — Risk / Return Rank
HOLA
OILK
HOLA vs. OILK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA) and ProShares K-1 Free Crude Oil ETF (OILK). 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 | OILK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.20 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.61 | +0.87 |
| Martin ratioReturn relative to average drawdown | 8.40 | 4.54 | +3.85 |
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Drawdowns
HOLA vs. OILK - Drawdown Comparison
The maximum HOLA drawdown since its inception was -6.99%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for HOLA and OILK.
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Drawdown Indicators
| HOLA | OILK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.99% | -83.76% | +76.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -21.19% | +14.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.69% | — |
Current DrawdownCurrent decline from peak | -0.36% | -10.57% | +10.21% |
Average DrawdownAverage peak-to-trough decline | -1.40% | -32.28% | +30.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 8.49% | -6.43% |
Volatility
HOLA vs. OILK - Volatility Comparison
The current volatility for JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA) is 3.65%, while ProShares K-1 Free Crude Oil ETF (OILK) has a volatility of 11.31%. This indicates that HOLA experiences smaller price fluctuations and is considered to be less risky than OILK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOLA | OILK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 11.31% | -7.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.38% | 25.98% | -17.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 30.21% | -20.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.15% | 30.46% | -20.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.15% | 35.99% | -25.84% |
HOLA vs. OILK - Expense Ratio Comparison
HOLA has a 0.50% expense ratio, which is lower than OILK's 0.69% expense ratio.
Dividends
HOLA vs. OILK - Dividend Comparison
HOLA's dividend yield for the trailing twelve months is around 2.82%, less than OILK's 8.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF | 2.82% | 3.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OILK ProShares K-1 Free Crude Oil ETF | 8.37% | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
Frequently Asked Questions
HOLA and OILK have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILK has higher volatility (11.31%) compared to HOLA (3.65%). In terms of maximum drawdown, HOLA dropped -6.99% vs OILK's -83.76%.
On 1-year performance, OILK leads with 38.09% vs 17.66% for HOLA. On fees, HOLA is cheaper at 0.50% per year. On volatility, HOLA has been the lower-risk option at 3.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OILK has performed better with a 38.09% return vs 17.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HOLA is cheaper with a 0.50% expense ratio, compared with 0.69% for OILK.
OILK has the higher dividend yield at 8.37%, compared with 2.82% for HOLA.
HOLA is categorized as Equity Hedged, while OILK is Oil & Gas. They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.50% for HOLA and 0.69% for OILK.
HOLA currently has the higher Sharpe Ratio (1.71 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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