HEQT vs. ONEH
HEQT (Simplify Hedged Equity ETF) and ONEH (TrueShares Equity Hedge ETF) are both Equity Hedged funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. HEQT charges 0.43%/yr vs 0.79%/yr for ONEH.
Performance
HEQT vs. ONEH - Performance Comparison
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Returns By Period
HEQT
- 1D
- -0.21%
- 1M
- 0.57%
- YTD
- 4.76%
- 6M
- 4.67%
- 1Y
- 14.00%
- 3Y*
- 13.21%
- 5Y*
- —
- 10Y*
- —
ONEH
- 1D
- -0.38%
- 1M
- 0.75%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEQT vs. ONEH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HEQT Simplify Hedged Equity ETF | 3.24% |
ONEH TrueShares Equity Hedge ETF | -1.20% |
Correlation
The correlation between HEQT and ONEH is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 29, 2026 | 0.15 |
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Return for Risk
HEQT vs. ONEH — Risk / Return Rank
HEQT
ONEH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HEQT vs. ONEH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Hedged Equity ETF (HEQT) 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.
| HEQT | ONEH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | — | — |
| Martin ratioReturn relative to average drawdown | 12.50 | — | — |
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Drawdowns
HEQT vs. ONEH - Drawdown Comparison
The maximum HEQT drawdown since its inception was -11.51%, which is greater than ONEH's maximum drawdown of -3.55%. Use the drawdown chart below to compare losses from any high point for HEQT and ONEH.
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Drawdown Indicators
| HEQT | ONEH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -3.55% | -7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.09% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | — | — |
Current DrawdownCurrent decline from peak | -0.42% | -1.20% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -1.51% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | — | — |
Volatility
HEQT vs. ONEH - Volatility Comparison
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Volatility by Period
| HEQT | ONEH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.47% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.61% | 5.38% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 5.38% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.47% | 5.38% | +3.09% |
HEQT vs. ONEH - Expense Ratio Comparison
HEQT has a 0.43% expense ratio, which is lower than ONEH's 0.79% expense ratio.
Dividends
HEQT vs. ONEH - Dividend Comparison
HEQT's dividend yield for the trailing twelve months is around 1.20%, while ONEH has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HEQT Simplify Hedged Equity ETF | 1.20% | 1.19% | 1.29% | 4.10% | 3.94% | 0.27% |
ONEH TrueShares Equity Hedge ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HEQT and ONEH have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HEQT is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEQT is cheaper with a 0.43% expense ratio, compared with 0.79% for ONEH.
HEQT has the higher dividend yield at 1.20%, compared with 0.00% for ONEH.
They also come from different issuers: Simplify and TrueShares. Their fees differ too: 0.43% for HEQT and 0.79% for ONEH.
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