ONEH vs. APRZ
ONEH (TrueShares Equity Hedge ETF) and APRZ (TrueShares Structured Outcome (April) ETF) are both exchange-traded funds - ONEH is a Equity Hedged fund actively managed by TrueShares, while APRZ is a Defined Outcome fund tracking the S&P 500 Price Return Index. ONEH is actively managed, while APRZ is passively managed. Their 0.17 correlation means their historical movements had little consistent relationship. Both charge a 0.79% expense ratio.
Performance
ONEH vs. APRZ - Performance Comparison
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Returns By Period
ONEH
- 1D
- 0.04%
- 1M
- 0.20%
- 6M
- -1.04%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
APRZ
- 1D
- 0.73%
- 1M
- 0.16%
- 6M
- 5.49%
- YTD
- 6.52%
- 1Y
- 15.02%
- 3Y*
- 13.87%
- 5Y*
- 10.41%
- 10Y*
- —
- ALL TIME*
- 11.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.29K | $17.68K | $59.73K | |
| $75.57K | $59.30K | $74.10K |
ONEH vs. APRZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ONEH TrueShares Equity Hedge ETF | -1.24% |
APRZ TrueShares Structured Outcome (April) ETF | 4.53% |
Correlation
The correlation between ONEH and APRZ is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 29, 2026 | 0.17 |
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Return for Risk
ONEH vs. APRZ — Risk / Return Rank
ONEH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
APRZ
ONEH vs. APRZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Equity Hedge ETF (ONEH) and TrueShares Structured Outcome (April) ETF (APRZ). 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.
| ONEH | APRZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.56 | — |
| Martin ratioReturn relative to average drawdown | — | 6.49 | — |
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Drawdowns
ONEH vs. APRZ - Drawdown Comparison
The maximum ONEH drawdown since its inception was -3.55%, smaller than the maximum APRZ drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for ONEH and APRZ.
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Drawdown Indicators
| ONEH | APRZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.55% | -18.15% | +14.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.85% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.15% | — |
Current DrawdownCurrent decline from peak | -1.24% | -1.35% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -3.57% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.13% | — |
Volatility
ONEH vs. APRZ - Volatility Comparison
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Volatility by Period
| ONEH | APRZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.94% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.04% | 11.10% | -6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 12.65% | -7.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 12.42% | -7.38% |
ONEH vs. APRZ - Expense Ratio Comparison
Both ONEH and APRZ have an expense ratio of 0.79%.
Dividends
ONEH vs. APRZ - Dividend Comparison
ONEH has not paid dividends to shareholders, while APRZ's dividend yield for the trailing twelve months is around 3.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
APRZ TrueShares Structured Outcome (April) ETF | 3.15% | 3.35% | 2.78% | 2.89% | 0.59% |
ONEH TrueShares Equity Hedge ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ONEH and APRZ have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ONEH and APRZ have the same expense ratio: 0.79% per year.
APRZ has the higher dividend yield at 3.15%, compared with 0.00% for ONEH.
ONEH is categorized as Equity Hedged, while APRZ is Defined Outcome.
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