- Issuer
- TrueShares
- Inception Date
- Jan 29, 2026
- Region
- North America (United States)
- Category
- Equity Hedged
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Asset Class
- Alternatives
- Assets Under Management
- $14M
Share Price Chart
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Performance
ONEH Performance Chart
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Returns By Period
TrueShares Equity Hedge ETF
- 1D
- 0.20%
- 1M
- 1.14%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
ONEH Monthly Returns History
Based on dividend-adjusted daily data since Jan 29, 2026, ONEH's average daily return is -0.01%, while the average monthly return is -0.13%.
Historically, 50% of months were positive and 50% were negative. The best month was Apr 2026 with a return of +1.5%, while the worst month was Mar 2026 at -2.8%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ONEH closed higher 39% of trading days. The best single day was Jun 8, 2026 with a return of +1.6%, while the worst single day was Jun 5, 2026 at -0.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.20% | -0.54% | -2.83% | 1.48% | 0.08% | 1.24% | -0.82% |
Benchmark Metrics
TrueShares Equity Hedge ETF has an annualized alpha of -2.98%, beta of 0.06, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since January 29, 2026.
- This ETF participated in 29.64% of S&P 500 Index downside but only 6.71% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -2.98%
- Beta
- 0.06
- R²
- 0.03
- Upside Capture
- 6.71%
- Downside Capture
- 29.64%
Expense Ratio
ONEH has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TrueShares Equity Hedge ETF (ONEH) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ONEH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the TrueShares Equity Hedge ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the TrueShares Equity Hedge ETF was 3.55%, occurring on Mar 31, 2026. The portfolio has not yet recovered.
The current TrueShares Equity Hedge ETF drawdown is 0.82%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -3.55%Mar 2026 | 2mo | — | 4mo 23dJan 2026 - now |
Drawdown Indicators
| ONEH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.55% | -56.78% | +53.23% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.82% | -2.49% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -10.72% | +9.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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