MSTB vs. ONEH
MSTB (LHA Market State Tactical Beta ETF) and ONEH (TrueShares Equity Hedge ETF) are both Equity Hedged funds. MSTB is passively managed, while ONEH is actively managed. At a 0.05 correlation, their price movements are largely independent. MSTB charges 1.40%/yr vs 0.79%/yr for ONEH.
Performance
MSTB vs. ONEH - Performance Comparison
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Returns By Period
MSTB
- 1D
- -0.60%
- 1M
- 3.88%
- YTD
- 8.71%
- 6M
- 8.70%
- 1Y
- 20.33%
- 3Y*
- 18.51%
- 5Y*
- 8.55%
- 10Y*
- —
ONEH
- 1D
- -0.08%
- 1M
- -0.16%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTB vs. ONEH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MSTB LHA Market State Tactical Beta ETF | 7.71% |
ONEH TrueShares Equity Hedge ETF | -2.18% |
Correlation
The correlation between MSTB and ONEH is 0.05, 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 Jan 30, 2026 | 0.05 |
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Return for Risk
MSTB vs. ONEH — Risk / Return Rank
MSTB
ONEH
MSTB vs. ONEH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LHA Market State Tactical Beta ETF (MSTB) 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.
| MSTB | ONEH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | — | — |
| Martin ratioReturn relative to average drawdown | 9.32 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSTB | ONEH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | -1.35 | +2.18 |
Drawdowns
MSTB vs. ONEH - Drawdown Comparison
The maximum MSTB drawdown since its inception was -25.64%, which is greater than ONEH's maximum drawdown of -3.55%. Use the drawdown chart below to compare losses from any high point for MSTB and ONEH.
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Drawdown Indicators
| MSTB | ONEH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.64% | -3.55% | -22.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | -2.18% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -7.18% | -1.58% | -5.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | — | — |
Volatility
MSTB vs. ONEH - Volatility Comparison
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Volatility by Period
| MSTB | ONEH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.43% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.21% | 4.66% | +5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 4.66% | +9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.84% | 4.66% | +9.18% |
MSTB vs. ONEH - Expense Ratio Comparison
MSTB has a 1.40% expense ratio, which is higher than ONEH's 0.79% expense ratio.
Dividends
MSTB vs. ONEH - Dividend Comparison
MSTB's dividend yield for the trailing twelve months is around 0.38%, while ONEH has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MSTB LHA Market State Tactical Beta ETF | 0.38% | 0.41% | 0.95% | 0.16% | 1.34% | 2.20% | 1.78% |
ONEH TrueShares Equity Hedge ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTB and ONEH have a correlation of 0.05, 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 1.40% for MSTB.
MSTB has the higher dividend yield at 0.38%, compared with 0.00% for ONEH.
They also come from different issuers: Little Harbor Advisors and TrueShares. Their fees differ too: 1.40% for MSTB and 0.79% for ONEH.
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