JULZ vs. ONEV
JULZ (Trueshares Structured Outcome (July) ETF) and ONEV (SPDR Russell 1000 Low Volatility Focus ETF) are both exchange-traded funds - JULZ is a Options Trading fund tracking the Cboe S&P 500 Buffer Protect Index July, while ONEV is a Low Volatility fund tracking the Russell 1000 Low Volatility Focused Factor (TR). Both are passively managed. Over the past 5 years, JULZ returned 10.38%/yr vs 8.81%/yr for ONEV. Their 0.76 correlation means they have sometimes moved together and sometimes differently. JULZ charges 0.79%/yr vs 0.20%/yr for ONEV.
Performance
JULZ vs. ONEV - Performance Comparison
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Returns By Period
In the year-to-date period, JULZ achieves a 7.68% return, which is significantly lower than ONEV's 12.07% return.
JULZ
- 1D
- 0.70%
- 1M
- 0.26%
- 6M
- 6.68%
- YTD
- 7.68%
- 1Y
- 16.17%
- 3Y*
- 14.42%
- 5Y*
- 10.38%
- 10Y*
- —
- ALL TIME*
- 13.54%
ONEV
- 1D
- -0.50%
- 1M
- 1.18%
- 6M
- 8.72%
- YTD
- 12.07%
- 1Y
- 17.56%
- 3Y*
- 11.92%
- 5Y*
- 8.81%
- 10Y*
- 11.33%
- ALL TIME*
- 11.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.01K | $210.23K | $221.49K | |
| $2.03M | $3.31M | $4.42M |
JULZ vs. ONEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JULZ Trueshares Structured Outcome (July) ETF | 7.68% | 13.23% | 18.76% | 17.65% | -9.34% | 20.66% | 16.18% |
ONEV SPDR Russell 1000 Low Volatility Focus ETF | 12.07% | 8.14% | 11.76% | 13.28% | -8.15% | 29.19% | 23.36% |
Correlation
The correlation between JULZ and ONEV is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020 | 0.76 |
Over the past year, the correlation between JULZ and ONEV has dropped to 0.41 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
JULZ vs. ONEV — Risk / Return Rank
JULZ
ONEV
JULZ vs. ONEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trueshares Structured Outcome (July) ETF (JULZ) and SPDR Russell 1000 Low Volatility Focus ETF (ONEV). 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 | ONEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.19 | -0.45 |
| Martin ratioReturn relative to average drawdown | 7.00 | 7.57 | -0.57 |
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Drawdowns
JULZ vs. ONEV - Drawdown Comparison
The maximum JULZ drawdown since its inception was -14.71%, smaller than the maximum ONEV drawdown of -39.72%. Use the drawdown chart below to compare losses from any high point for JULZ and ONEV.
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Drawdown Indicators
| JULZ | ONEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.71% | -39.72% | +25.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -7.75% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -14.81% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -14.71% | -18.52% | +3.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.72% | — |
Current DrawdownCurrent decline from peak | -1.53% | -2.27% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -3.85% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.24% | -0.12% |
Volatility
JULZ vs. ONEV - Volatility Comparison
The current volatility for Trueshares Structured Outcome (July) ETF (JULZ) is 2.74%, while SPDR Russell 1000 Low Volatility Focus ETF (ONEV) has a volatility of 4.58%. This indicates that JULZ experiences smaller price fluctuations and is considered to be less risky than ONEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JULZ | ONEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 4.58% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 8.49% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.10% | 11.54% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.32% | 14.59% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.33% | 17.03% | -4.70% |
JULZ vs. ONEV - Expense Ratio Comparison
JULZ has a 0.79% expense ratio, which is higher than ONEV's 0.20% expense ratio.
Dividends
JULZ vs. ONEV - Dividend Comparison
JULZ's dividend yield for the trailing twelve months is around 11.11%, more than ONEV's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JULZ Trueshares Structured Outcome (July) ETF | 11.11% | 11.96% | 3.30% | 3.59% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ONEV SPDR Russell 1000 Low Volatility Focus ETF | 1.80% | 1.81% | 1.88% | 1.79% | 1.80% | 1.44% | 1.87% | 2.07% | 2.14% | 6.91% | 3.73% | 0.21% |
Frequently Asked Questions
JULZ and ONEV have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONEV has higher volatility (4.58%) compared to JULZ (2.74%). In terms of maximum drawdown, JULZ dropped -14.71% vs ONEV's -39.72%.
On 5-year performance, JULZ leads with 10.38% vs 8.81% for ONEV. On fees, ONEV is cheaper at 0.20% per year. On volatility, JULZ has been the lower-risk option at 2.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JULZ has performed better with a 10.38% return vs 8.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ONEV is cheaper with a 0.20% expense ratio, compared with 0.79% for JULZ.
JULZ has the higher dividend yield at 11.11%, compared with 1.80% for ONEV.
JULZ is categorized as Options Trading, while ONEV is Low Volatility. JULZ tracks Cboe S&P 500 Buffer Protect Index July, while ONEV tracks Russell 1000 Low Volatility Focused Factor (TR). They also come from different issuers: TrueShares and State Street. Their fees differ too: 0.79% for JULZ and 0.20% for ONEV.
ONEV currently has the higher Sharpe Ratio (1.47 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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