JPMorgan International Hedged Equity Laddered Overlay ETF
$55.16+0.07 (+0.13%)
- 0.68%
- $283M
- +10.2%
- 0M sh
- $55.03
- low $50.01high $60.26
The ETF.net HOLA Grade
B
Score 64 out of 100
- 9 of 25
Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A75 out of 100Rank 7 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B63 out of 100Rank 6 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D31 out of 100Rank 22 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A75 out of 100Rank 6 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A85 out of 100Rank 2 of 25
Our read on HOLA
BHedged equity, taken overseas. Roughly 200 developed-market stocks with a laddered options overlay stacked on top, so the hedge rolls in tranches instead of hanging on a single reset date.
The fund seeks capital appreciation from a diversified international equity portfolio while hedging overall market exposure. Its approach combines international-stock selection with a laddered options strategy intended to reduce downside risk.
Why people hold it
- Two jobs, one ticker: a diversified international stock portfolio plus a laddered options strategy built to trim downside, at 0.50%, right at the cohort median.am.jpmorgan.com
- Broad base under the hedge: roughly 200 developed-market names measured against the MSCI EAFE Index, not a concentrated sleeve of a few mega-caps.am.jpmorgan.com
- Running since 2019 under J.P. Morgan, with several hundred million in assets. Real operating history, not a strategy that launched last quarter.
Worth knowing
- The hedge cuts both ways. Option positions that cushion declines also limit how much of a strong overseas rally the fund keeps.am.jpmorgan.com
- Thinly traded. Spreads can run wider than a big index fund's, which puts more weight on limit orders and calmer parts of the session.
- 0.50% is the priciest of the cohort's stronger names: EFAA runs the same index for 0.42%, and HDEF sits at 0.09% without the options work.
HOLA Holdings
- Stocks
- 220
- 17%
- ASML.AS
Sectors
- Financials27.2%
- Industrials17.7%
- Technology13.4%
- Health Care9.6%
- Consumer Discretionary7.6%
- Consumer Staples6.2%
- Materials5.0%
- Communication5.0%
- Utilities4.0%
- Energy3.6%
- Real Estate0.8%
Geography
- Japan25.74%
- United Kingdom15.92%
- France10.59%
- Germany10.49%
- Netherlands7.43%
- Switzerland7.12%
- Australia6.58%
- Spain3.37%
- 12.76%
Developed 100% · Emerging 0%
HOLA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
HOLA$11,016
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HOLA |
|---|---|
| Year to date | +5.4% |
| 1 month | −2.5% |
| 3 months | −0.7% |
| 1 year | +10.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HOLA |
|---|---|---|
| 2026 YTD | +5.4% | |
| 2025 | +7.6% |
HOLA in the news
Category Review
Index option income was not one bet this year
HOLA Dividends
- $1.58 per share
- Irregular
Distribution data unavailable.
Distribution history
HOLA Risk
- 7.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.20
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −7.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.32
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HOLA Cost
0.68%
HOLA0.68%
- The middle half of Index Option Income funds
- Median 0.81%
6 of the 25 Index Option Income funds charge less.
Other funds in Index Option Income
- BCAGECalamos Autocallable Growth ETFExpense ratio 0.74%1 year return —
- BHYTIFT Vest High Yield & Target Income ETFExpense ratio 0.65%1 year return +3.2%
- BNDIVAmplify Energy & Natural Resources Covered Call ETFExpense ratio 0.59%1 year return +39.7%
- BVAIEVegashares US Equity Autocallable Income ETFExpense ratio 0.74%1 year return —
- BNIHINEOS MSCI EAFE High Income ETFExpense ratio 0.75%1 year return +14.0%