ONEH vs. AUGZ
ONEH (TrueShares Equity Hedge ETF) and AUGZ (TrueShares Structured Outcome (August) ETF) are both exchange-traded funds - ONEH is a Equity Hedged fund actively managed by TrueShares, while AUGZ is a Defined Outcome fund tracking the S&P 500 Index. ONEH is actively managed, while AUGZ is passively managed. Their 0.16 correlation means their historical movements had little consistent relationship. Both charge a 0.79% expense ratio.
Performance
ONEH vs. AUGZ - 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*
- —
AUGZ
- 1D
- 0.80%
- 1M
- 0.15%
- 6M
- 6.16%
- YTD
- 7.11%
- 1Y
- 15.39%
- 3Y*
- 14.20%
- 5Y*
- 9.79%
- 10Y*
- —
- ALL TIME*
- 12.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $28.12K | $49.05K | $654.57K | |
| $75.57K | $59.30K | $74.10K |
ONEH vs. AUGZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ONEH TrueShares Equity Hedge ETF | -1.24% |
AUGZ TrueShares Structured Outcome (August) ETF | 6.01% |
Correlation
The correlation between ONEH and AUGZ is 0.16, 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 | 0.16 |
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Return for Risk
ONEH vs. AUGZ — Risk / Return Rank
ONEH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AUGZ
ONEH vs. AUGZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Equity Hedge ETF (ONEH) and TrueShares Structured Outcome (August) ETF (AUGZ). 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 | AUGZ | 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 | — | 1.86 | — |
| Martin ratioReturn relative to average drawdown | — | 7.17 | — |
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Drawdowns
ONEH vs. AUGZ - Drawdown Comparison
The maximum ONEH drawdown since its inception was -3.55%, smaller than the maximum AUGZ drawdown of -15.67%. Use the drawdown chart below to compare losses from any high point for ONEH and AUGZ.
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Drawdown Indicators
| ONEH | AUGZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.55% | -15.67% | +12.12% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.52% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.67% | — |
Current DrawdownCurrent decline from peak | -1.24% | -1.62% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -3.08% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.88% | — |
Volatility
ONEH vs. AUGZ - Volatility Comparison
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Volatility by Period
| ONEH | AUGZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.50% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.04% | 10.58% | -5.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 12.10% | -7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 12.13% | -7.09% |
ONEH vs. AUGZ - Expense Ratio Comparison
Both ONEH and AUGZ have an expense ratio of 0.79%.
Dividends
ONEH vs. AUGZ - Dividend Comparison
ONEH has not paid dividends to shareholders, while AUGZ's dividend yield for the trailing twelve months is around 3.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 3.39% | 3.63% | 4.08% | 3.42% | 0.41% |
ONEH TrueShares Equity Hedge ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ONEH and AUGZ have a correlation of 0.16, 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 AUGZ have the same expense ratio: 0.79% per year.
AUGZ has the higher dividend yield at 3.39%, compared with 0.00% for ONEH.
ONEH is categorized as Equity Hedged, while AUGZ is Defined Outcome.
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