HOLA JPMorgan International Hedged Equity Laddered Overlay ETF

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$55.87
+1.9% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Nov 4, 2026, HOLA returned 10.7%, against 16.9% for EFA.

Hedged equity fund: owns stocks and pays for protection against a fall, most often with put optionsJPMorgan ↗Expense ratio 0.50%Fund assets $282m on Nov 3, 2026First traded Jul 14, 2025Benchmark MSCI EAFE Index, measured by EFA, which tracks the same indexSEC filings ↗Every JPMorgan fund ETFIQ coversDividend history

Promise check: DeliveredIn the 52 weeks to Nov 4, 2026, HOLA moved 36.9% as much as the S&P 500 in the 26 weeks it fell.

HOLA risk and return scorecard

vs EFA · Jul 2025 to Oct 2026 · 66 weekly returns · dividend-adjusted

Short history · 15 months
HOLA +12.3%, EFA +17.8%, Jul 2025 to Oct 2026, distributions reinvested.
Return
MeasureHOLAEFAEdge
Total return+12.3%+17.8%EFA
Annualized+9.6%+13.8%EFA
Price return+9.0%+13.9%EFA
Risk
MeasureHOLAEFAEdge
Volatility8.9%14.1%HOLA
Max drawdown−6.6%−11.2%HOLA
Upside capture55.0%100.0%EFA
Downside capture71.0%100.0%HOLA
Risk-adjusted
MeasureHOLAEFAEdge
Sharpe ratio0.640.71EFA
Sortino ratio0.911.00EFA (slight)
Alpha vs EFA
MeasureHOLAEFAEdge
Alpha, a year−0.3%Not significant
Alpha t-stat−0.14
Beta to EFA0.601.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Nov 3, 2026
Latest day
$0
Last 4 trading days
$0
12 months to Jul 31, 2026
+$21.1m
No money in or out. 46 days missing.

What you earned

HOLA +0.8%, EFA +1.6%: total return over one month to Nov 4, 2026.
HOLA+0.8%
EFA+1.6%
HOLA −1.3%, EFA −1.6%: total return over three months to Nov 4, 2026.
HOLA−1.3%
EFA−1.6%
HOLA +2.4%, EFA +2.5%: total return over six months to Nov 4, 2026.
HOLA+2.4%
EFA+2.5%
HOLA +6.9%, EFA +11.8%: total return over the year to Nov 4, 2026.
HOLA+6.9%
EFA+11.8%
HOLA +10.7%, EFA +16.9%: total return over one year to Nov 4, 2026.
HOLA+10.7%
EFA+16.9%
HOLA +15.0%, EFA +22.9%: total return since launch to Nov 4, 2026.
HOLA+15.0%
EFA+22.9%

How concentrated, and what does it cost?

+0.69
Correlation with the S&P 500
+0.46
Beta to the S&P 500
36.9%
Down-week capture
+6.5 pts
Against T-bills, 52 weeks
3.0%
12-month yield, capital gains included, on its starting price
$1.5781
Last payment, ex-date Dec 16, 2025
Sector mix
Cost against like funds

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Price and total return, 1 year

$55.87+1.9%1 day, priceClose, Nov 4, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

HOLA returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (EFA)Gap to EFAS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026+0.8%+1.6%−0.8 pts−1.0%
3M Aug 5 – Nov 4, 2026−1.3%−1.6%+0.3 pts−0.1%
6M May 6 – Nov 4, 2026+2.4%+2.5%−0.1 pts+5.0%
YTD Dec 31, 2025 – Nov 4, 2026+6.9%+11.8%−4.9 pts+13.3%
1Y Nov 4, 2025 – Nov 4, 2026+10.7%+16.9%−6.2 pts+14.8%
Since launch Jul 14, 2025 – Nov 4, 2026+15.0%+22.9%−7.9 pts+24.4%
Since launch, annualised Jul 14, 2025 – Nov 4, 2026+11.3%–––

Total returns, distributions reinvested. Listed Jul 2025: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Fell 37% as much as the S&P 500
Fell 37% as much as the S&P 500HOLA in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, HOLA −0.40%.SPY−1.07%HOLA−0.40%Average week when SPY fell: 26 of 52, year to Nov 4, 2026Fell 37% as much as the S&P 500HOLA in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, HOLA −0.40%.SPY−1.07%HOLA−0.40%Average week when SPY fell

HOLA in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, HOLA −0.40%.

65.9
IQ Alternatives ScoreETFIQ Stock Diversification Score8th of 22 · Nov 4, 2026
4.5 · lowest of 22 equity hedged alternatives ETFs with a full year95.5 · highest

How much it diversifies a stock portfolio, ranked against 22 equity hedged alternatives ETFs with a full year. 100 is best. How it is computed

HOLA’s weekly returns had a correlation of +0.69 with the S&P 500, and in the weeks the index fell its down-week capture was 36.9%. Over the same 52 weeks it finished 6.5 points ahead of T-bills.

correlation with the S&P 500+0.69 · 75th pct
down-week capture against the S&P 50036.9% · 57th pct

Money in and out

Daily data · as of Nov 3, 2026

HOLA: in the 22 trading days to Nov 3, 2026, nothing net moved, from 19 counts.

1D
$0
Nov 2, 2026 to Nov 3, 2026
6D
$0
Oct 27, 2026 to Nov 3, 2026
4 of 5 trading days counted
12 months
+$21.1m
9.3% of $228m on Jul 31, 2025
Aug 1, 2025 to Jul 31, 2026
monthly, from SEC filings
May 2025 to Jul 2026
+$40.7m
May 1, 2025 to Jul 31, 2026
monthly, from SEC filings
Net flow each trading day
Net flow into HOLA each trading day, Aug 4, 2026 to Nov 3, 2026monthly, from SEC filingsdaily, from JPMorganAug 4, 2026Nov 3, 2026

HOLA, net flow each trading day over the 65 sessions from Aug 4, 2026 to Nov 3, 2026: money came in on 0 days and went out on 0 days, of the 19 days with daily data; the other 46 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 46 days missing.

Net flow into HOLA each trading day, Nov 4, 2025 to Nov 3, 2026monthly, from SEC filingsdaily, from JPMorganNov 4, 2025Nov 3, 2026

HOLA, net flow each trading day over the 251 sessions from Nov 4, 2025 to Nov 3, 2026: money came in on 0 days and went out on 0 days, of the 19 days with daily data; the other 232 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 232 days missing.

Net flow into HOLA each trading day, Apr 2, 2025 to Nov 3, 2026monthly, from SEC filingsdaily, from JPMorganApr 2, 2025Nov 3, 2026

HOLA, net flow each trading day over the 400 sessions from Apr 2, 2025 to Nov 3, 2026: money came in on 0 days and went out on 0 days, of the 19 days with daily data; the other 381 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 381 days missing.

Money in, netMoney out, netMonthly basis

Daily data starts Oct 6, 2026.

How this is computed

Computed by ETFIQ from JPMorgan’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Numbers are net: money in less money out. Every day and month ETFIQ holds for HOLA, back to May 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare HOLA with other funds in the flows tool

Every trading day, last 3 months19 days
Nov 3, 2026 $0 covers 2 trading days
Oct 30, 2026 $0
Oct 29, 2026 $0
Oct 28, 2026 $0 covers 2 trading days
Oct 26, 2026 $0
Oct 23, 2026 $0
Oct 22, 2026 $0
Oct 21, 2026 $0
Oct 20, 2026 $0
Oct 19, 2026 $0
Oct 16, 2026 $0
Oct 15, 2026 $0
Oct 14, 2026 $0
Oct 13, 2026 $0
Oct 12, 2026 $0
Oct 9, 2026 $0
Oct 8, 2026 $0
Oct 7, 2026 $0
Oct 6, 2026 $0 covers 2 trading days

Most recent first.

Week by week, last year5 weeks
Nov 3, 2026 $0 1 day
Oct 30, 2026 $0 4 of 5 trading days
Oct 23, 2026 $0
Oct 16, 2026 $0
Oct 9, 2026 $0 4 days

Net flow into HOLA each week, Oct 6, 2026 to Nov 3, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outMay 2025 to Nov 2026

HOLA, money in and money out each month from May 2025 to Oct 2026: two bars a month, money in above the line and money out below. Bars for May 2025 to Jul 2026 are from HOLA’s SEC filings (N-PORT item B.6), and for Oct 2026 ETFIQ’s sums of its days. Aug 2026 to Sep 2026 have no data. Nov 2026 is still in progress, so it is in the list and not drawn. Of the 17 months listed, money came in on net in 8 and went out in 6.

Bars for May 2025 to Jul 2026 are from HOLA’s SEC filings (N-PORT item B.6), and for Oct 2026 ETFIQ’s sums of its days. Of the 17 months listed, money came in on net in 8 and went out in 6.

MonthInOutNet
Nov 2026 ETFIQ, the sum of its days, Nov 3 to Nov 3$0$0$0
Oct 2026 ETFIQ, the sum of its days, Oct 6 to Oct 30, 18 of 19 trading days$0$0$0
Jul 2026 SEC Form N-PORT+$29k−$29k−$577
Jun 2026 SEC Form N-PORT+$5.5m−$19.1m−$13.6m
May 2026 SEC Form N-PORT+$5.4m−$989+$5.4m
Apr 2026 SEC Form N-PORT$0$0$0
Mar 2026 SEC Form N-PORT$0−$5.3m−$5.3m
Feb 2026 SEC Form N-PORT+$16.4m−$2.7m+$13.7m
Jan 2026 SEC Form N-PORT+$10.7m−$1k+$10.7m
Dec 2025 SEC Form N-PORT+$5.3m$0+$5.3m
Nov 2025 SEC Form N-PORT+$482−$10.6m−$10.6m
Oct 2025 SEC Form N-PORT+$10.5m−$892+$10.5m
Sep 2025 SEC Form N-PORT+$718−$5.1m−$5.1m
Aug 2025 SEC Form N-PORT+$10.2m$0+$10.2m
Jul 2025 SEC Form N-PORT+$13.8m−$2.9m+$11.0m
Jun 2025 SEC Form N-PORT+$4.2m−$5.6m−$1.5m
May 2025 SEC Form N-PORT+$14.1m−$4.1m+$10.1m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Nov 3, 2026. Last checked Nov 4, 2026.

HOLA key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$57.21 on Aug 17, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$51.22 on Nov 20, 2025
Close on Nov 4, 2026, within that range (ETFIQ)$55.87, 78% of the way from the low to the high
Beta to its benchmark, 1 year (ETFIQ)0.58, against EFA
R-squared, the same days (ETFIQ)0.75
Beta and R-squared measured over251 daily total returns, Nov 5, 2025 to Nov 4, 2026
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 3, 2026
Trading · HOLAas of Nov 3, 2026
65
Liquid with care28th percentile of 18 alternatives ETFs3 of 6 measured · Nov 3, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant

Liquid with care: its typical spread is 0.127053% of its price.

Cost for your order · one way, half its 30-day median spread
$1,000$0.640.064%
$10,000$6.350.064%
Full cost to own · 1 year at $10,000
0.69%fee alone 0.50%
Fee + round-trip spread + median premium paid
Premium or discount to NAV, Nov 3 close+0.17%
−0.3%95% of days within ±0.21% · the 1% band is off this scale+0.3%
How to tradeLimit: midpoint + 4¢ to buy, midpoint − 4¢ to sell.At the Nov 3 close of $54.84, that’s $54.88 to buy and $54.80 to sell.
Full trading page: components, premium history, dealers →

HOLA for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
HOLA interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

HOLA is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

How much does it diversify a stock portfolio?

Correlation with the S&P 500
TAIL −0.74QBER −0.71CAOS −0.15CCOR −0.14TOAK +0.12QBUL +0.85HEDG +0.87HEQQ +0.88SHDG +0.90ATTR +0.91QTR +0.91KSPY +0.92PHEQ +0.94HELO +0.95ZHDG +0.96HEQT +0.97FHEQ +0.98HEGD +0.98ACIO +0.99THEQ +0.99XTR +1.00HOLA +0.69HOLA +0.69−0.74+1.00
−0.74 to +1.00 across 22 · Its percentile 75 · Weight 50%

75% of the 22 sit at or above HOLA on this measure.

Down-week capture against the S&P 500
CCOR −20.7%TAIL −15.9%QBER −15.4%TOAK −6.1%CAOS −3.3%ATTR 15.6%HEDG 15.8%QBUL 23.9%PHEQ 31.6%KSPY 41.0%HEQT 54.2%HELO 60.7%SHDG 70.4%HEGD 71.4%THEQ 72.3%ACIO 84.3%ZHDG 85.6%FHEQ 86.0%HEQQ 96.6%XTR 100.0%QTR 167.0%HOLA 36.9%HOLA 36.9%−20.7%167.0%
−20.7% to 167.0% across 22 · Its percentile 56.8 · Weight 50%

56.8% of the 22 sit at or above HOLA on this measure.

Weighted evenly, those two positions are what the score combines, across the 22 equity hedged alternatives ETFs with a full year. Neither spread above is the score: a fund can sit further right on one and score lower.

One year of weekly moves against the S&P 500, within one strategy; it ignores what the fund returned. Where the fund sits in this set, not a rating. Do not average it with another category's score.

What the score is computed from
HOLA: What the score is computed from
What it measuresThis fundIts percentileWeight
correlation with the S&P 500+0.697550%
down-week capture against the S&P 50036.9%56.850%

About HOLA

IssuerJPMorgan
Strategy (ETFIQ, from its prospectus)Hedged equity
Expense ratio (485BPOS XBRL, Feb 25, 2026)0.50%Report
Net assets (issuer page, as of Nov 3, 2026)$282mReport
Benchmark (ETFIQ, from its filings)MSCI EAFE Index, measured by EFA, which tracks the same index
Benchmark named inits shareholder report, N-CSR, Dec 30, 2025
HOLA, 1 year to Nov 4, 2026+10.7%
EFA, the same days+16.9%
Against its benchmark, 1 year (ETFIQ)−6.2 pts
Weeks measured52, from Nov 5, 2025 to Nov 4, 2026
Weeks the S&P 500 fell26
The S&P 500 in those weeks, on average−1.07%
HOLA in those weeks, on average−0.40%
HOLA total return over those weeks+10.2%
T-bills (BIL) over the same weeks+3.7%
When stocks fellS&P 500 −4.9% in March 2026; HOLA −4.4%
Weekly correlation with the S&P 500+0.69, 52 weeks to Nov 4, 2026
First tradedJul 14, 2025
History (N-CSR, Dec 30, 2025; N-CSR, Dec 28, 2023)Converted from a mutual fund on Jul 11, 2025; the fund started on Mar 15, 2019
Days traded332
Quotedon an exchange, every trading day
How we measure
Weekly closes from Tiingo with distributions reinvested, 52 weeks to the same date for the fund, SPY and BIL. ETFIQ calculation. Method
IQ Investment Committee on HOLA

12 seats on HOLA, as of Nov 4, 2026: 2 Supports, 2 Challenges, 7 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatSupports
Put HOLA to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about HOLA

Does HOLA move with the S&P 500?
Over the year to Nov 4, 2026, HOLA’s weekly returns had a correlation of +0.69 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was +0.46, so for each 1% the index moved it moved about 0.46% the same way.
What did HOLA do when stocks fell?
The S&P 500 fell in 26 of the 52 weeks to Nov 4, 2026, by 1.07% on average. In those weeks HOLA fell 0.40% on average, a down-week capture of 36.9%.
Did HOLA earn more than cash?
Over the same 52 weeks HOLA returned +10.2% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.7%. HOLA finished 6.5 percentage points ahead of it.
What does HOLA cost?
The prospectus expense ratio is 0.50% a year.
Why is HOLA listed as hedged equity?
ETFIQ files each fund by what its own prospectus says it does, and HOLA’s, filed Feb 25, 2026, describes a hedged equity fund.
Sources and dates
Prices, HOLA, Benchmark (EFA) and S&P 500 (SPY)Prices, Tiingo end of day ↗
Net assets, $282mIssuer page · Nov 3, 2026

Links are sources, not endorsements.

Cite this pageCitation, APA and Markdown

ETFIQ, HOLA, alternatives ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/hola

The down-week bars for HOLA, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Correlation
How closely the fund’s weekly returns moved with the S&P 500’s over the last year, from −1 to 1. At 1 the two rise and fall together, at 0 there is no pattern, and below 0 the fund tended to move the other way.
Beta
How far the fund moved, on average, for each 1% move in the S&P 500 over the same weeks. At 0.3 it moved about 0.3% the same way; below 0 it moved the other way.
Down week
A week in which the S&P 500 fell, measured through SPY with dividends reinvested. A week that ended exactly level is not a down week.
Down-week capture
The fund’s average return in the S&P 500’s down weeks as a share of the index’s own average in those weeks. At 100% it fell as much, at 50% half as much, and below zero it rose. It is weekly and covers one year, so it is not the same number as Morningstar’s downside capture.
Against T-bills
The fund’s total return minus a short Treasury bill fund’s (BIL) over the same year, in percentage points. A fund can steady a portfolio and still earn less than cash.
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HOLA: HOLA in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, HOLA −0.40%.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/alternatives/hola/" title="HOLA: HOLA in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, HOLA −0.40%." width="640" height="334" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">HOLA: HOLA in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, HOLA −0.40%. Data: <a href="https://etfiq.com/funds/hola">ETFIQ</a></figcaption>
</figure>

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