JULZ vs. ONEH

Last updated Jun 24, 2026

JULZ (Trueshares Structured Outcome (July) ETF) and ONEH (TrueShares Equity Hedge ETF) are both exchange-traded funds - JULZ is a Options Trading fund tracking the Cboe S&P 500 Buffer Protect Index July, while ONEH is a Equity Hedged fund actively managed by TrueShares. JULZ is passively managed, while ONEH is actively managed. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.79% expense ratio.

Performance

JULZ vs. ONEH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Trueshares Structured Outcome (July) ETF (JULZ) and TrueShares Equity Hedge ETF (ONEH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JULZ

• 1D: -1.21%
• 1M: -1.47%
• YTD: 6.03%
• 6M: 5.25%
• 1Y: 18.08%
• 3Y*: 15.38%
• 5Y*: 10.56%
• 10Y*: —

ONEH

• 1D: 0.14%
• 1M: 0.90%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JULZ vs. ONEH - Yearly Performance Comparison

	2026 (YTD)
JULZ Trueshares Structured Outcome (July) ETF	4.05%
ONEH TrueShares Equity Hedge ETF	-1.06%

Correlation

The correlation between JULZ and ONEH is 0.18, 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	0.18

Return for Risk

JULZ vs. ONEH — Risk / Return Rank

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

JULZ

JULZ Risk / Return Rank: 52
JULZ Sharpe Ratio Rank: 53
JULZ Sortino Ratio Rank: 52
JULZ Omega Ratio Rank: 52
JULZ Calmar Ratio Rank: 46
JULZ Martin Ratio Rank: 55

ONEH

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

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.

JULZ vs. ONEH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trueshares Structured Outcome (July) ETF (JULZ) 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.

	JULZ	ONEH	Difference
Sharpe ratio: Return per unit of total volatility	1.69	—	—
Sortino ratio: Return per unit of downside risk	2.34	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.13	—	—
Martin ratio: Return relative to average drawdown	9.01	—	—

Drawdowns

JULZ vs. ONEH - Drawdown Comparison

The maximum JULZ drawdown since its inception was -14.71%, which is greater than ONEH's maximum drawdown of -3.55%. Use the drawdown chart below to compare losses from any high point for JULZ and ONEH.

Drawdown Indicators

	JULZ	ONEH	Difference
Max Drawdown Largest peak-to-trough decline	-14.71%	-3.55%	-11.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.53%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.71%	—	—
Current Drawdown Current decline from peak	-3.04%	-1.06%	-1.98%
Average Drawdown Average peak-to-trough decline	-2.97%	-1.50%	-1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	—	—

Volatility

Volatility by Period

	JULZ	ONEH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.79%	5.36%	+5.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.29%	5.36%	+6.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.36%	5.36%	+7.00%

JULZ vs. ONEH - Expense Ratio Comparison

Both JULZ and ONEH have an expense ratio of 0.79%.

Dividends

JULZ vs. ONEH - Dividend Comparison

JULZ's dividend yield for the trailing twelve months is around 11.28%, while ONEH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
JULZ Trueshares Structured Outcome (July) ETF	11.28%	11.96%	3.30%	3.59%	0.07%
ONEH TrueShares Equity Hedge ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JULZ and ONEH in my portfolio?

JULZ and ONEH have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JULZ or ONEH?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JULZ or ONEH?

JULZ and ONEH have the same expense ratio: 0.79% per year.

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

JULZ has the higher dividend yield at 11.28%, compared with 0.00% for ONEH.

What is the main difference between JULZ and ONEH?

JULZ is categorized as Options Trading, while ONEH is Equity Hedged.