HOLA vs. SBIT
HOLA (JPMorgan International Hedged Equity Laddered Overlay ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - HOLA is a Equity Hedged fund actively managed by JPMorgan, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). HOLA is actively managed, while SBIT is passively managed. Over the past year, HOLA returned 13.44% vs 124.12% for SBIT. At a correlation of -0.40, they often move in opposite directions. HOLA charges 0.50%/yr vs 0.95%/yr for SBIT.
Performance
HOLA vs. SBIT - Performance Comparison
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Returns By Period
In the year-to-date period, HOLA achieves a 5.43% return, which is significantly lower than SBIT's 44.00% return.
HOLA
- 1D
- -0.64%
- 1M
- 0.73%
- 6M
- 2.01%
- YTD
- 5.43%
- 1Y
- 13.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBIT
- 1D
- 5.38%
- 1M
- 1.44%
- 6M
- 58.27%
- YTD
- 44.00%
- 1Y
- 124.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOLA vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF | 5.43% | 7.60% |
SBIT Proshares Ultrashort Bitcoin ETF | 44.00% | 55.64% |
Correlation
The correlation between HOLA and SBIT is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | -0.40 |
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Return for Risk
HOLA vs. SBIT — Risk / Return Rank
HOLA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SBIT
HOLA vs. SBIT - 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 Ultrashort Bitcoin ETF (SBIT). 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 | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.60 | — |
| Martin ratioReturn relative to average drawdown | — | 5.92 | — |
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Drawdowns
HOLA vs. SBIT - Drawdown Comparison
The maximum HOLA drawdown since its inception was -6.99%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for HOLA and SBIT.
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Drawdown Indicators
| HOLA | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.99% | -91.35% | +84.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -47.94% | +40.95% |
Current DrawdownCurrent decline from peak | -1.41% | -77.15% | +75.74% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -68.83% | +67.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 21.04% | — |
Volatility
HOLA vs. SBIT - Volatility Comparison
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Volatility by Period
| HOLA | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 68.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.96% | 88.51% | -78.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.96% | 96.89% | -86.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.96% | 96.89% | -86.93% |
HOLA vs. SBIT - Expense Ratio Comparison
HOLA has a 0.50% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
HOLA vs. SBIT - Dividend Comparison
HOLA's dividend yield for the trailing twelve months is around 2.87%, less than SBIT's 3.97% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF | 2.87% | 3.02% | 0.00% |
SBIT Proshares Ultrashort Bitcoin ETF | 3.97% | 0.52% | 1.00% |
Frequently Asked Questions
HOLA and SBIT have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, SBIT leads with 124.12% vs 13.44% for HOLA. 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.
Over the 1-year period, SBIT has performed better with a 124.12% return vs 13.44%. 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 0.95% for SBIT.
SBIT has the higher dividend yield at 3.97%, compared with 2.87% for HOLA.
HOLA is categorized as Equity Hedged, while SBIT is Cryptocurrency. They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.50% for HOLA and 0.95% for SBIT.
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