HOLA vs. ONEH

Last updated Jun 3, 2026

HOLA (JPMorgan International Hedged Equity Laddered Overlay ETF) and ONEH (TrueShares Equity Hedge ETF) are both Equity Hedged funds. Both are actively managed. At a correlation of -0.04, they often move in opposite directions. HOLA charges 0.50%/yr vs 0.79%/yr for ONEH.

Performance

HOLA vs. ONEH - Performance Comparison

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

Returns By Period

HOLA

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

ONEH

• 1D: -0.04%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOLA vs. ONEH - Yearly Performance Comparison

	2026 (YTD)
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	-0.16%
ONEH TrueShares Equity Hedge ETF	-2.10%

Correlation

The correlation between HOLA and ONEH is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 30, 2026	-0.04

Return for Risk

HOLA vs. ONEH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA) and TrueShares Equity Hedge ETF (ONEH). 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	ONEH	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	-1.31	+2.75

Drawdowns

HOLA vs. ONEH - Drawdown Comparison

The maximum HOLA drawdown since its inception was -6.99%, which is greater than ONEH's maximum drawdown of -3.55%. Use the drawdown chart below to compare losses from any high point for HOLA and ONEH.

Drawdown Indicators

	HOLA	ONEH	Difference
Max Drawdown Largest peak-to-trough decline	-6.99%	-3.55%	-3.44%
Current Drawdown Current decline from peak	-1.69%	-2.10%	+0.41%
Average Drawdown Average peak-to-trough decline	-1.45%	-1.57%	+0.12%

Volatility

Volatility by Period

	HOLA	ONEH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.52%	4.69%	+4.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.52%	4.69%	+4.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.52%	4.69%	+4.83%

HOLA vs. ONEH - Expense Ratio Comparison

HOLA has a 0.50% expense ratio, which is lower than ONEH's 0.79% expense ratio.

Dividends

HOLA vs. ONEH - Dividend Comparison

HOLA's dividend yield for the trailing twelve months is around 2.90%, while ONEH has not paid dividends to shareholders.

Position	TTM	2025
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	2.90%	3.02%
ONEH TrueShares Equity Hedge ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOLA and ONEH in my portfolio?

HOLA and ONEH have a correlation of -0.04, 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 ONEH?

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 ONEH?

HOLA is cheaper with a 0.50% expense ratio, compared with 0.79% for ONEH.

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

HOLA has the higher dividend yield at 2.90%, compared with 0.00% for ONEH.

What is the main difference between HOLA and ONEH?

They also come from different issuers: JPMorgan and TrueShares. Their fees differ too: 0.50% for HOLA and 0.79% for ONEH.