ETF Evaluator:
JPMorgan Intl Hdg Eq Ldrd Overlay ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Equity Hedged Over the Last Year
| 39.1% | Defiance Oil Enhanced Options Income ETF (USOY) |
| 28.0% | Alpha Architect Global Factor Equity ETF (AAVM) |
| 26.2% | Innovator U.S. Small Cp Mgd Flr ETF (RFLR) |
| 23.7% | Rareview Systematic Equity ETF (RSEE) |
| 20.9% | Hull Tactical US ETF (HTUS) |
Risk
Index
Risk
Index
ETF Details
JPMorgan Intl Hdg Eq Ldrd Overlay ETF Overview
JPMorgan Intl Hdg Eq Ldrd Overlay ETF (HOLA) is an actively managed Nontraditional Equity Equity Hedged exchange-traded fund (ETF). JPMorgan launched the ETF in 2019.
The investment seeks to provide capital appreciation.
The fund seeks to provide capital appreciation through participation in international equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund primarily invests in equity securities of foreign companies across all market capitalizations, including foreign subsidiaries of U.S. companies.
About JPMorgan Intl Hdg Eq Ldrd Overlay ETF (HOLA)
There are 7 members of the management team with an average tenure of 4.09 years: Piera Grassi (2020), Hamilton Reiner (2019), Nicholas Farserotu (2020), Winnie Cheung (2020), Judy Jansen (2024), Matthew Bensen (2024) and Sebastian Wiseman (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI EAFE NR USD index with a weighting of 100% and ICE BofA US 3M Trsy Bill TR USD index with a weighting of 100%. JPMorgan Intl Hdg Eq Ldrd Overlay ETF has 220 securities in its portfolio. The top 10 holdings constitute 16.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
JPMorgan Intl Hdg Eq Ldrd Overlay ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. JPMorgan Intl Hdg Eq Ldrd Overlay ETF has 98.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.9% There is 98.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). JPMorgan Intl Hdg Eq Ldrd Overlay ETF has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $283 million in total assets, which is below the $294 million average for the Equity Hedged category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HOLA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The JPMorgan Intl Hdg Eq Ldrd Overlay ETF expense ratio is average compared to funds in the Equity Hedged category. JPMorgan Intl Hdg Eq Ldrd Overlay ETF has an expense ratio of 0.50%, which is 35% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. JPMorgan Intl Hdg Eq Ldrd Overlay ETF has a portfolio turnover rate of 31%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 97% for the Equity Hedged category.
Recently, in the month of July 2026, JPMorgan Intl Hdg Eq Ldrd Overlay ETF returned 1.3%, which earned it a grade of A, as the Equity Hedged category had an average return of -1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
JPMorgan Intl Hdg Eq Ldrd Overlay ETF has a trailing yield of 2.81%, which is below the 3.45% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
JPMorgan Intl Hdg Eq Ldrd Overlay ETF Grades
Year to date, the ETF has returned 6.9%, 0.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 17.9% over the past year (grade of A), 10.9% over the past three years (grade of D) and 7.2% per year over the past five years (grade of C).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about JPMorgan Intl Hdg Eq Ldrd Overlay ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
HOLA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HOLA Return (NAV) | 1.3% | 4.0% | 17.9% | 10.9% | 7.2% | na |
| HOLA Return (Price) | 1.2% | 3.8% | 17.2% | 10.9% | 7.1% | na |
| NAV +/- Price Return | 0.074% | 0.182% | 0.610% | 0.021% | 0.012% | na |
| Equity Hedged Avg | -1.4% | 1.7% | 13.6% | 12.0% | 6.6% | 7.6% |
| HOLA Grade (NAV) | A | B | A | D | C | na |
| +/- Category (NAV) | 2.7% | 2.3% | 4.3% | -1.2% | 0.6% | na |
| HOLA Tax-Cost Ratio | na | na | 1.2% | 1.0% | 0.9% | na |
HOLA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HOLA Return (NAV) | 6.9% | 22.8% | 5.0% | 11.9% | -9.5% | 10.0% | -1.8% | na | na | na | na |
| HOLA Return (Price) | 7.3% | 22.3% | 5.0% | 11.9% | -9.5% | 10.0% | -1.8% | na | na | na | na |
| NAV +/- Price Ret | 0.055% | -0.022% | 0.000% | 0.000% | 0.000% | 0.000% | 0.000% | na | na | na | na |
| Equity Hedged Avg | 7.1% | 12.6% | 14.6% | 14.8% | -12.9% | 15.6% | 10.2% | 9.9% | -6.3% | 12.2% | 3.0% |
| HOLA Grade (NAV) | C | A | F | D | B | D | F | na | na | na | na |
| +/- Category | -0.2% | 10.2% | -9.6% | -2.9% | 3.3% | -5.6% | -11.9% | na | na | na | na |
| Risk Measures | |
| Beta: | 0.36 |
| R-Squared: | 29% |
| Standard Deviation: | 8.7% |
| Category Risk Index: | 0.83 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.71 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 2.8% |
| Total Assets: | $ 283 Mil |
| Share Class Assets: | $ 283 Mil |
| Turnover: | 31.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | No |
| Index Tracked: | MSCI EAFE NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 7.4 years | |||
| Average Tenure: 4.1 years | |||
| Managers (Year): Reiner Hamilton (2019), Farserotu Nicholas (2020), Cheung Winnie (2020), Grassi Piera (2020), Jansen Judy (2024), Bensen Matthew (2024), Wiseman Sebastian (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 220 |
| % in Top 10 Holdings: | 16.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.9% |
| Foreign Stock: | 98.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.3% |
| Cash: | 0.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | JPMorgan |
| Phone Number: | 844-457-6383 |
| Website: | jpmorganfunds.com |
| Inception Date: | March 15, 2019 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.76% |
