HOLA vs. VIHAX

Last updated Aug 2, 2026

HOLA (JPMorgan International Hedged Equity Laddered Overlay ETF) and VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) are both funds - HOLA is a Equity Hedged fund actively managed by JPMorgan, while VIHAX is a Large Cap Value Equities fund tracking the FTSE All-World ex US High Dividend Yield Index. HOLA is actively managed, while VIHAX is passively managed. Over the past year, HOLA returned 17.66% vs 35.31% for VIHAX. Their correlation of 0.81 means they have usually moved in the same direction. HOLA charges 0.50%/yr vs 0.16%/yr for VIHAX.

Performance

HOLA vs. VIHAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOLA achieves a 7.29% return, which is significantly lower than VIHAX's 18.05% return.

HOLA

• 1D: -0.36%
• 1M: 1.19%
• 6M: 3.35%
• YTD: 7.29%
• 1Y: 17.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.71%

VIHAX

• 1D: 2.01%
• 1M: 4.98%
• 6M: 11.54%
• YTD: 18.05%
• 1Y: 35.31%
• 3Y*: 21.69%
• 5Y*: 14.15%
• 10Y*: 11.25%
• ALL TIME*: 11.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	$762.47K	$628.26K	$1.14M
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares	$0.00	$0.00	$0.00

HOLA vs. VIHAX - Yearly Performance Comparison

	2026 (YTD)	2025
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	7.29%	7.60%
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares	18.05%	13.77%

Correlation

The correlation between HOLA and VIHAX is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025	0.81

The correlation between HOLA and VIHAX has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.

HOLA vs. VIHAX - Sectors Allocation Comparison

Sectors	HOLA	VIHAX
Financial Services	25.7%	42.4%
Industrials	18.2%	6.1%
Technology	14.4%	5.3%
Healthcare	9.8%	6.5%
Consumer Cyclical	8.1%	6.0%
Consumer Defensive	6.6%	6.7%
Basic Materials	5.1%	6.5%
Utilities	4.3%	5.2%
Communication Services	4.0%	3.5%
Energy	3.0%	7.9%
Real Estate	0.9%	1.1%

Return for Risk

HOLA vs. VIHAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HOLA

HOLA Risk / Return Rank: 73
HOLA Sharpe Ratio Rank: 75
HOLA Sortino Ratio Rank: 77
HOLA Omega Ratio Rank: 73
HOLA Calmar Ratio Rank: 71
HOLA Martin Ratio Rank: 69

VIHAX

VIHAX Risk / Return Rank: 94
VIHAX Sharpe Ratio Rank: 97
VIHAX Sortino Ratio Rank: 95
VIHAX Omega Ratio Rank: 92
VIHAX Calmar Ratio Rank: 92
VIHAX Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HOLA vs. VIHAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX). 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	VIHAX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.85	-1.13
Sortino ratio: Return per unit of downside risk	2.50	3.92	-1.42
Omega ratio: Gain probability vs. loss probability	1.31	1.52	-0.22
Calmar ratio: Return relative to maximum drawdown	2.48	3.62	-1.14
Martin ratio: Return relative to average drawdown	8.40	13.83	-5.44

HOLA vs. VIHAX - Sharpe Ratio Comparison

The current HOLA Sharpe Ratio is 1.71, which is lower than the VIHAX Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of HOLA and VIHAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HOLA vs. VIHAX - Drawdown Comparison

The maximum HOLA drawdown since its inception was -6.99%, smaller than the maximum VIHAX drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for HOLA and VIHAX.

Drawdown Indicators

	HOLA	VIHAX	Difference
Max Drawdown Largest peak-to-trough decline	-6.99%	-38.80%	+31.81%
Max Drawdown (1Y) Largest decline over 1 year	-6.99%	-9.53%	+2.54%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.92%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.80%	—
Current Drawdown Current decline from peak	-0.36%	0.00%	-0.36%
Average Drawdown Average peak-to-trough decline	-1.40%	-5.94%	+4.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	2.49%	-0.43%

Volatility

HOLA vs. VIHAX - Volatility Comparison

JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA) has a higher volatility of 3.65% compared to Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) at 3.47%. This indicates that HOLA's price experiences larger fluctuations and is considered to be riskier than VIHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOLA	VIHAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	3.47%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	8.38%	10.27%	-1.89%
Volatility (1Y) Calculated over the trailing 1-year period	10.13%	12.15%	-2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.15%	13.77%	-3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.15%	15.55%	-5.40%

HOLA vs. VIHAX - Expense Ratio Comparison

HOLA has a 0.50% expense ratio, which is higher than VIHAX's 0.16% expense ratio.

Dividends

HOLA vs. VIHAX - Dividend Comparison

HOLA's dividend yield for the trailing twelve months is around 2.82%, less than VIHAX's 3.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%	0.00%
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares	3.43%	3.69%	4.85%	4.58%	4.70%	4.30%	3.22%	5.63%	4.28%	3.16%	2.37%

Frequently Asked Questions

Can I hold both HOLA and VIHAX in my portfolio?

HOLA and VIHAX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOLA or VIHAX?

HOLA has higher volatility (3.65%) compared to VIHAX (3.47%). In terms of maximum drawdown, HOLA dropped -6.99% vs VIHAX's -38.80%.

Which has better risk-adjusted returns?

VIHAX currently has the higher Sharpe Ratio (2.85 vs 1.71), 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.