DECZ vs. LRNZ

Last updated Aug 4, 2026

DECZ (TrueShares Structured Outcome (December) ETF) and LRNZ (TrueShares Technology, AI & Deep Learning ETF) are both exchange-traded funds - DECZ is a Defined Outcome fund tracking the S&P 500, while LRNZ is a Artificial Intelligence fund actively managed by TrueShares. DECZ is passively managed, while LRNZ is actively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. DECZ charges 0.79%/yr vs 0.68%/yr for LRNZ.

Performance

DECZ vs. LRNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (December) ETF (DECZ) and TrueShares Technology, AI & Deep Learning ETF (LRNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DECZ

• 1D: 1.08%
• 1M: 1.27%
• 6M: 6.91%
• YTD: 8.46%
• 1Y: 16.70%
• 3Y*: 15.04%
• 5Y*: 10.60%
• 10Y*: —
• ALL TIME*: 12.05%

LRNZ

• 1D: 1.50%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DECZ TrueShares Structured Outcome (December) ETF	$210.48K	$113.76K	$97.74K
LRNZ TrueShares Technology, AI & Deep Learning ETF	$105.88K	$133.30K	$133.30K

DECZ vs. LRNZ - Yearly Performance Comparison

	2026 (YTD)
DECZ TrueShares Structured Outcome (December) ETF	0.64%
LRNZ TrueShares Technology, AI & Deep Learning ETF	-4.80%

Correlation

The correlation between DECZ and LRNZ is 0.60, 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	0.60

DECZ vs. LRNZ - Sectors Allocation Comparison

Sectors	DECZ	LRNZ
Technology	37.9%	76.5%
Financial Services	11.7%	-
Communication Services	10.0%	4.0%
Consumer Cyclical	9.6%	-
Healthcare	9.1%	19.5%
Industrials	8.4%	-
Consumer Defensive	4.6%	-
Energy	3.0%	-
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.7%	-

Return for Risk

DECZ vs. LRNZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DECZ

DECZ Risk / Return Rank: 63
DECZ Sharpe Ratio Rank: 64
DECZ Sortino Ratio Rank: 64
DECZ Omega Ratio Rank: 61
DECZ Calmar Ratio Rank: 60
DECZ Martin Ratio Rank: 67

LRNZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DECZ vs. LRNZ - Risk-Adjusted Trends Comparison

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

	DECZ	LRNZ	Difference
Sharpe ratio: Return per unit of total volatility	1.60	—	—
Sortino ratio: Return per unit of downside risk	2.27	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.23	—	—
Martin ratio: Return relative to average drawdown	8.68	—	—

Drawdowns

DECZ vs. LRNZ - Drawdown Comparison

The maximum DECZ drawdown since its inception was -16.57%, which is greater than LRNZ's maximum drawdown of -11.91%. Use the drawdown chart below to compare losses from any high point for DECZ and LRNZ.

Drawdown Indicators

	DECZ	LRNZ	Difference
Max Drawdown Largest peak-to-trough decline	-16.57%	-11.91%	-4.66%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.57%	—	—
Current Drawdown Current decline from peak	-0.23%	-4.80%	+4.57%
Average Drawdown Average peak-to-trough decline	-3.02%	-5.70%	+2.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	—	—

Volatility

Volatility by Period

	DECZ	LRNZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.51%	33.99%	-23.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.71%	33.99%	-21.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.39%	33.99%	-21.60%

DECZ vs. LRNZ - Expense Ratio Comparison

DECZ has a 0.79% expense ratio, which is higher than LRNZ's 0.68% expense ratio.

Dividends

DECZ vs. LRNZ - Dividend Comparison

DECZ's dividend yield for the trailing twelve months is around 3.02%, while LRNZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
DECZ TrueShares Structured Outcome (December) ETF	3.02%	3.28%	2.55%	1.23%	1.44%	0.46%
LRNZ TrueShares Technology, AI & Deep Learning ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DECZ and LRNZ in my portfolio?

DECZ and LRNZ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DECZ or LRNZ?

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.

Which ETF is cheaper, DECZ or LRNZ?

LRNZ is cheaper with a 0.68% expense ratio, compared with 0.79% for DECZ.

Which ETF pays a higher dividend yield, DECZ or LRNZ?

DECZ has the higher dividend yield at 3.02%, compared with 0.00% for LRNZ.

What is the main difference between DECZ and LRNZ?

DECZ is categorized as Defined Outcome, while LRNZ is Artificial Intelligence. Their fees differ too: 0.79% for DECZ and 0.68% for LRNZ.