QGRD vs. HOLA

Last updated Jun 6, 2026

QGRD (Horizon NASDAQ-100 Defined Risk ETF) and HOLA (JPMorgan International Hedged Equity Laddered Overlay ETF) are both Equity Hedged funds. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. QGRD charges 0.85%/yr vs 0.50%/yr for HOLA.

Performance

QGRD vs. HOLA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon NASDAQ-100 Defined Risk ETF (QGRD) and JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QGRD achieves a 10.11% return, which is significantly higher than HOLA's 3.32% return.

QGRD

• 1D: -3.94%
• 1M: 1.47%
• YTD: 10.11%
• 6M: 7.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOLA

• 1D: -0.95%
• 1M: -1.08%
• YTD: 3.32%
• 6M: 5.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QGRD vs. HOLA - Yearly Performance Comparison

	2026 (YTD)	2025
QGRD Horizon NASDAQ-100 Defined Risk ETF	10.11%	8.20%
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	3.32%	7.55%

Correlation

The correlation between QGRD and HOLA is 0.57, 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	0.57

Return for Risk

QGRD vs. HOLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon NASDAQ-100 Defined Risk ETF (QGRD) and JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA). 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

	QGRD	HOLA	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	1.31	+0.28

Drawdowns

QGRD vs. HOLA - Drawdown Comparison

The maximum QGRD drawdown since its inception was -9.41%, which is greater than HOLA's maximum drawdown of -6.99%. Use the drawdown chart below to compare losses from any high point for QGRD and HOLA.

Drawdown Indicators

	QGRD	HOLA	Difference
Max Drawdown Largest peak-to-trough decline	-9.41%	-6.99%	-2.42%
Current Drawdown Current decline from peak	-4.45%	-2.46%	-1.99%
Average Drawdown Average peak-to-trough decline	-2.19%	-1.45%	-0.74%

Volatility

Volatility by Period

	QGRD	HOLA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.56%	9.52%	+4.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.56%	9.52%	+4.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.56%	9.52%	+4.04%

QGRD vs. HOLA - Expense Ratio Comparison

QGRD has a 0.85% expense ratio, which is higher than HOLA's 0.50% expense ratio.

Dividends

QGRD vs. HOLA - Dividend Comparison

QGRD's dividend yield for the trailing twelve months is around 1.42%, less than HOLA's 2.92% yield.

Position	TTM	2025
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF	2.92%	3.02%
QGRD Horizon NASDAQ-100 Defined Risk ETF	1.42%	1.57%

Frequently Asked Questions

Can I hold both QGRD and HOLA in my portfolio?

QGRD and HOLA have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QGRD or 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.

Which ETF is cheaper, QGRD or HOLA?

HOLA is cheaper with a 0.50% expense ratio, compared with 0.85% for QGRD.

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

HOLA has the higher dividend yield at 2.92%, compared with 1.42% for QGRD.

What is the main difference between QGRD and HOLA?

They also come from different issuers: Horizon and JPMorgan. Their fees differ too: 0.85% for QGRD and 0.50% for HOLA.