Skip to content
etf.net

Launched

JPMorgan International Hedged Equity Laddered Overlay ETF

HOLANYSE ArcaJ.P. MorganB

$55.27−0.24 (−0.43%)

As of Nov 10, 2026, 11:15 AM ET

B61/ 100

Rank 9 of 25 in Index Option Income

B61/100Rank 9 of 25inIndex Option Income
Intraday session: down, 22 prints from 55.51 to 55.27. Range 55.23 to 55.41. Use the arrow keys to read each point.55.3555.4055.4510 AM12 PM2 PM4 PM
Expense ratio
0.68%
Fund size
$281M
1Y total return
+9.7%
Yield · Last 12 months
No data
Holdings
219
Avg volume · 30D
13K sh
52W range
low $50.01high $60.26
Launched

The ETF.net HOLA Grade

Based on 5 of 6 pillars

B

Score 61 out of 100

Category
Index Option Income⁠
Rank
9 of 25
Six-pillar profile for HOLA. Scores out of 100: Cost 73, Risk 69, Mission not scored, Tradability 20, Holdings 71, Durability 84. Strongest: Durability (84). Weakest: Tradability (20). Based on 5 of 6 pillars.

Score 61 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.
    A73 out of 100
    Rank 7 of 25

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B69 out of 100
    Rank 3 of 25

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F20 out of 100
    Rank 23 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A71 out of 100
    Rank 7 of 19

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A84 out of 100
    Rank 2 of 25

Our read on HOLA

ETF.net Research

In short

BMost options overlays abroad exist to crank out income. HOLA runs the other playbook: a few hundred developed-market stocks shaped like the MSCI EAFE Index, with a laddered options overlay built to cushion falling markets rather than to fund a fat payout.

Stated mandate

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

  • The hedge is the point: options are layered over the stocks to reduce downside risk in falling markets, and distributions land once or twice a year, not monthly.jpmorgan.com
  • Laddered means staggered option tranches instead of one annual reset, so results don't hinge on a single expiry date.jpmorgan.com
  • The stock sleeve is actively picked but kept close to the MSCI EAFE Index in character, roughly 200 developed-market names, so the overlay does the differentiating.jpmorgan.com
  • Fee runs below the median for options-overlay funds, and the fund sits in the upper half of that peer group.

Worth knowing

  • The cushion is partial by design. The overlay seeks to reduce losses in falling markets, not erase them, and part of the upside is given up to pay for it.jpmorgan.com
  • Thinly traded, so spreads can widen and larger orders take patience; limit orders are the standard workaround.
  • Cheaper EAFE overlays exist: EFAA charges 0.39% net of a waiver through August 31, 2027, though it is built around income rather than downside cushioning.

HOLA Performance

Launched Mar 15, 2019

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$10,973
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. HOLA $10,973. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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.

Trailing total return for HOLA. Periods over one year show the average yearly return.
PeriodHOLA
Year to date+6.3%
1 month+0.6%
3 months−2.5%
1 year+9.7%
3 yearsHistory unavailableper yearNo data
5 yearsHistory unavailableper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HOLA
YearReturn barHOLA
2026 YTD+6.3%
2025+7.6%

History from Jul 14, 2025

HOLA in the news

HOLA Dividends

Last payment
$1.58 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 16, 2025 $1.58. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 16, 2025Dec 18, 2025$1.58

$10,000 in HOLA 1 year ago paid $300 in dividends.

HOLA Risk

Risk pillarB69 out of 100Rank 3 of 25 in Index Option Income
How much the fund’s monthly returns vary, scaled to a year.
7.4%
Annualised · 15 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.03
vs 3-month T-bills · 15 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−7.0%
15 months · trough Mar 2026
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.

How strongly the fund’s returns move with its asset-class index.
0.32
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

HOLA Cost

Compare HOLA and LQDW

Overpaying vs LQDW, cheapest in Index Option Income

$6,320

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HOLA 0.68%

    $13,252

  • LQDW 0.34% Cheapest

    $6,932

$10,000
30 years

Cost over time

  • HOLA 0.68%
  • LQDW 0.34%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530HOLA $13,252LQDW $6,932

Year by year

YearHOLALQDWOverpaying
10$1,215$616$599
20$4,633$2,386$2,247
30$13,252$6,932$6,320

Other funds in Index Option Income

See others