AUGZ vs. LRNZ
AUGZ (TrueShares Structured Outcome (August) ETF) and LRNZ (TrueShares Technology, AI & Deep Learning ETF) are both exchange-traded funds - AUGZ is a Defined Outcome fund tracking the S&P 500 Index, while LRNZ is a Artificial Intelligence fund actively managed by TrueShares. AUGZ is passively managed, while LRNZ is actively managed. Their 0.57 correlation means they have sometimes moved together and sometimes differently. AUGZ charges 0.79%/yr vs 0.68%/yr for LRNZ.
Performance
AUGZ vs. LRNZ - Performance Comparison
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Returns By Period
AUGZ
- 1D
- 0.80%
- 1M
- 0.15%
- 6M
- 6.16%
- YTD
- 7.11%
- 1Y
- 15.39%
- 3Y*
- 14.20%
- 5Y*
- 9.79%
- 10Y*
- —
- ALL TIME*
- 12.49%
LRNZ
- 1D
- 1.01%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $28.12K | $49.05K | $654.57K | |
| $103.68K | $133.76K | $133.76K |
AUGZ vs. LRNZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | -0.53% |
LRNZ TrueShares Technology, AI & Deep Learning ETF | -6.20% |
Correlation
The correlation between AUGZ and LRNZ is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026 | 0.57 |
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Return for Risk
AUGZ vs. LRNZ — Risk / Return Rank
AUGZ
LRNZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AUGZ vs. LRNZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (August) ETF (AUGZ) and TrueShares Technology, AI & Deep Learning ETF (LRNZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AUGZ | LRNZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | — | — |
| Martin ratioReturn relative to average drawdown | 7.17 | — | — |
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Drawdowns
AUGZ vs. LRNZ - Drawdown Comparison
The maximum AUGZ drawdown since its inception was -15.67%, which is greater than LRNZ's maximum drawdown of -11.91%. Use the drawdown chart below to compare losses from any high point for AUGZ and LRNZ.
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Drawdown Indicators
| AUGZ | LRNZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.67% | -11.91% | -3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.67% | — | — |
Current DrawdownCurrent decline from peak | -1.62% | -6.20% | +4.58% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -5.75% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | — | — |
Volatility
AUGZ vs. LRNZ - Volatility Comparison
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Volatility by Period
| AUGZ | LRNZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 34.30% | -23.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.10% | 34.30% | -22.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.13% | 34.30% | -22.17% |
AUGZ vs. LRNZ - Expense Ratio Comparison
AUGZ has a 0.79% expense ratio, which is higher than LRNZ's 0.68% expense ratio.
Dividends
AUGZ vs. LRNZ - Dividend Comparison
AUGZ's dividend yield for the trailing twelve months is around 3.39%, while LRNZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 3.39% | 3.63% | 4.08% | 3.42% | 0.41% |
LRNZ TrueShares Technology, AI & Deep Learning ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AUGZ and LRNZ have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LRNZ is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LRNZ is cheaper with a 0.68% expense ratio, compared with 0.79% for AUGZ.
AUGZ has the higher dividend yield at 3.39%, compared with 0.00% for LRNZ.
AUGZ is categorized as Defined Outcome, while LRNZ is Artificial Intelligence. Their fees differ too: 0.79% for AUGZ and 0.68% for LRNZ.
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