JHDG vs. ONEH

Last updated Jul 8, 2026

JHDG (John Hancock Hedged Equity ETF) and ONEH (TrueShares Equity Hedge ETF) are both Equity Hedged funds. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. JHDG charges 0.49%/yr vs 0.79%/yr for ONEH.

Performance

JHDG vs. ONEH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Hedged Equity ETF (JHDG) and TrueShares Equity Hedge ETF (ONEH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JHDG

• 1D: -0.62%
• 1M: 1.17%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ONEH

• 1D: 0.00%
• 1M: 0.90%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHDG vs. ONEH - Yearly Performance Comparison

	2026 (YTD)
JHDG John Hancock Hedged Equity ETF	6.89%
ONEH TrueShares Equity Hedge ETF	1.51%

Correlation

The correlation between JHDG and ONEH is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.07

Return for Risk

JHDG vs. ONEH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Hedged Equity ETF (JHDG) 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.

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

Drawdowns

JHDG vs. ONEH - Drawdown Comparison

The maximum JHDG drawdown since its inception was -2.61%, smaller than the maximum ONEH drawdown of -3.55%. Use the drawdown chart below to compare losses from any high point for JHDG and ONEH.

Drawdown Indicators

	JHDG	ONEH	Difference
Max Drawdown Largest peak-to-trough decline	-2.61%	-3.55%	+0.94%
Current Drawdown Current decline from peak	-1.10%	-1.54%	+0.44%
Average Drawdown Average peak-to-trough decline	-0.50%	-1.49%	+0.99%

Volatility

Volatility by Period

	JHDG	ONEH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	10.38%	5.15%	+5.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.38%	5.15%	+5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.38%	5.15%	+5.23%

JHDG vs. ONEH - Expense Ratio Comparison

JHDG has a 0.49% expense ratio, which is lower than ONEH's 0.79% expense ratio.

Dividends

JHDG vs. ONEH - Dividend Comparison

JHDG's dividend yield for the trailing twelve months is around 0.10%, while ONEH has not paid dividends to shareholders.

Position	TTM
JHDG John Hancock Hedged Equity ETF	0.10%
ONEH TrueShares Equity Hedge ETF	0.00%

Frequently Asked Questions

Can I hold both JHDG and ONEH in my portfolio?

JHDG and ONEH have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHDG or ONEH?

On fees, JHDG is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHDG or ONEH?

JHDG is cheaper with a 0.49% expense ratio, compared with 0.79% for ONEH.

Which ETF pays a higher dividend yield, JHDG or ONEH?

JHDG has the higher dividend yield at 0.10%, compared with 0.00% for ONEH.

What is the main difference between JHDG and ONEH?

They also come from different issuers: John Hancock and TrueShares. Their fees differ too: 0.49% for JHDG and 0.79% for ONEH.