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DECZ vs. ERNZ
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

DECZ vs. ERNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (December) ETF (DECZ) and TrueShares Active Yield ETF (ERNZ). The values are adjusted to include any dividend payments, if applicable.

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DECZ vs. ERNZ - Yearly Performance Comparison


2026 (YTD)20252024
DECZ
TrueShares Structured Outcome (December) ETF
-3.57%12.34%14.28%
ERNZ
TrueShares Active Yield ETF
4.89%-6.50%3.43%

Returns By Period

In the year-to-date period, DECZ achieves a -3.57% return, which is significantly lower than ERNZ's 4.89% return.


DECZ

1D
2.04%
1M
-3.73%
YTD
-3.57%
6M
-1.59%
1Y
11.87%
3Y*
13.04%
5Y*
9.56%
10Y*

ERNZ

1D
0.00%
1M
-1.57%
YTD
4.89%
6M
-1.10%
1Y
-0.33%
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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DECZ vs. ERNZ - Expense Ratio Comparison

DECZ has a 0.79% expense ratio, which is higher than ERNZ's 0.75% expense ratio.


Return for Risk

DECZ vs. ERNZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DECZ
DECZ Risk / Return Rank: 5050
Overall Rank
DECZ Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
DECZ Sortino Ratio Rank: 4848
Sortino Ratio Rank
DECZ Omega Ratio Rank: 5050
Omega Ratio Rank
DECZ Calmar Ratio Rank: 4949
Calmar Ratio Rank
DECZ Martin Ratio Rank: 5757
Martin Ratio Rank

ERNZ
ERNZ Risk / Return Rank: 1111
Overall Rank
ERNZ Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
ERNZ Sortino Ratio Rank: 1010
Sortino Ratio Rank
ERNZ Omega Ratio Rank: 1010
Omega Ratio Rank
ERNZ Calmar Ratio Rank: 1212
Calmar Ratio Rank
ERNZ Martin Ratio Rank: 1212
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DECZ vs. ERNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (December) ETF (DECZ) and TrueShares Active Yield ETF (ERNZ). 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.


DECZERNZDifference

Sharpe ratio

Return per unit of total volatility

0.85

-0.02

+0.88

Sortino ratio

Return per unit of downside risk

1.31

0.06

+1.25

Omega ratio

Gain probability vs. loss probability

1.19

1.01

+0.19

Calmar ratio

Return relative to maximum drawdown

1.29

0.02

+1.27

Martin ratio

Return relative to average drawdown

5.68

0.04

+5.64

DECZ vs. ERNZ - Sharpe Ratio Comparison

The current DECZ Sharpe Ratio is 0.85, which is higher than the ERNZ Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of DECZ and ERNZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


DECZERNZDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.85

-0.02

+0.88

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

Sharpe Ratio (All Time)

Calculated using the full available price history

0.84

0.06

+0.78

Correlation

The correlation between DECZ and ERNZ is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

DECZ vs. ERNZ - Dividend Comparison

DECZ's dividend yield for the trailing twelve months is around 3.40%, less than ERNZ's 7.91% yield.


TTM20252024202320222021
DECZ
TrueShares Structured Outcome (December) ETF
3.40%3.28%2.55%1.23%1.44%0.46%
ERNZ
TrueShares Active Yield ETF
7.91%9.90%5.51%0.00%0.00%0.00%

Drawdowns

DECZ vs. ERNZ - Drawdown Comparison

The maximum DECZ drawdown since its inception was -16.57%, which is greater than ERNZ's maximum drawdown of -14.16%. Use the drawdown chart below to compare losses from any high point for DECZ and ERNZ.


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Drawdown Indicators


DECZERNZDifference

Max Drawdown

Largest peak-to-trough decline

-16.57%

-14.16%

-2.41%

Max Drawdown (1Y)

Largest decline over 1 year

-9.43%

-10.61%

+1.18%

Max Drawdown (5Y)

Largest decline over 5 years

-16.57%

Current Drawdown

Current decline from peak

-5.64%

-5.59%

-0.05%

Average Drawdown

Average peak-to-trough decline

-3.13%

-4.49%

+1.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.14%

4.94%

-2.80%

Volatility

DECZ vs. ERNZ - Volatility Comparison

TrueShares Structured Outcome (December) ETF (DECZ) has a higher volatility of 4.00% compared to TrueShares Active Yield ETF (ERNZ) at 1.57%. This indicates that DECZ's price experiences larger fluctuations and is considered to be riskier than ERNZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


DECZERNZDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.00%

1.57%

+2.43%

Volatility (6M)

Calculated over the trailing 6-month period

7.69%

6.86%

+0.83%

Volatility (1Y)

Calculated over the trailing 1-year period

13.99%

13.69%

+0.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.59%

12.30%

+0.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.48%

12.30%

+0.18%