HEGD vs. ONEH
HEGD (Swan Hedged Equity US Large Cap ETF) and ONEH (TrueShares Equity Hedge ETF) are both Equity Hedged funds. Both are actively managed. Their 0.21 correlation means their historical movements had little consistent relationship. HEGD charges 0.88%/yr vs 0.79%/yr for ONEH.
Performance
HEGD vs. ONEH - Performance Comparison
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Returns By Period
HEGD
- 1D
- 1.13%
- 1M
- 1.05%
- 6M
- 5.24%
- YTD
- 6.74%
- 1Y
- 14.63%
- 3Y*
- 13.49%
- 5Y*
- 8.30%
- 10Y*
- —
- ALL TIME*
- 9.50%
ONEH
- 1D
- 0.45%
- 1M
- 0.65%
- 6M
- -0.40%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.90M | $1.92M | $2.57M | |
| $1.50M | $739.32K | $307.90K |
HEGD vs. ONEH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HEGD Swan Hedged Equity US Large Cap ETF | 5.22% |
ONEH TrueShares Equity Hedge ETF | -0.80% |
Correlation
The correlation between HEGD and ONEH is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 29, 2026 | 0.21 |
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Return for Risk
HEGD vs. ONEH — Risk / Return Rank
HEGD
ONEH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HEGD vs. ONEH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Swan Hedged Equity US Large Cap ETF (HEGD) and TrueShares Equity Hedge ETF (ONEH). 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.
| HEGD | ONEH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | — | — |
| Martin ratioReturn relative to average drawdown | 10.86 | — | — |
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Drawdowns
HEGD vs. ONEH - Drawdown Comparison
The maximum HEGD drawdown since its inception was -14.56%, which is greater than ONEH's maximum drawdown of -3.55%. Use the drawdown chart below to compare losses from any high point for HEGD and ONEH.
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Drawdown Indicators
| HEGD | ONEH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.56% | -3.55% | -11.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | — | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.80% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -1.50% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | — | — |
Volatility
HEGD vs. ONEH - Volatility Comparison
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Volatility by Period
| HEGD | ONEH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.02% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.81% | 5.06% | +2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.51% | 5.06% | +4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.39% | 5.06% | +4.33% |
HEGD vs. ONEH - Expense Ratio Comparison
HEGD has a 0.88% expense ratio, which is higher than ONEH's 0.79% expense ratio.
Dividends
HEGD vs. ONEH - Dividend Comparison
HEGD's dividend yield for the trailing twelve months is around 0.34%, while ONEH has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HEGD Swan Hedged Equity US Large Cap ETF | 0.34% | 0.36% | 0.43% | 0.39% | 0.87% | 0.31% |
ONEH TrueShares Equity Hedge ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HEGD and ONEH have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ONEH is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ONEH is cheaper with a 0.79% expense ratio, compared with 0.88% for HEGD.
HEGD has the higher dividend yield at 0.34%, compared with 0.00% for ONEH.
They also come from different issuers: Swan and TrueShares. Their fees differ too: 0.88% for HEGD and 0.79% for ONEH.
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