ONEH vs. DECZ

Last updated Jul 12, 2026

ONEH (TrueShares Equity Hedge ETF) and DECZ (TrueShares Structured Outcome (December) ETF) are both exchange-traded funds - ONEH is a Equity Hedged fund actively managed by TrueShares, while DECZ is a Defined Outcome fund tracking the S&P 500. ONEH is actively managed, while DECZ is passively managed. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.79% expense ratio.

Performance

ONEH vs. DECZ - Performance Comparison

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

Returns By Period

ONEH

• 1D: -0.57%
• 1M: -1.15%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DECZ

• 1D: 0.43%
• 1M: 1.94%
• 6M: 6.91%
• YTD: 8.24%
• 1Y: 16.19%
• 3Y*: 15.23%
• 5Y*: 10.69%
• 10Y*: —

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

ONEH vs. DECZ - Yearly Performance Comparison

	2026 (YTD)
ONEH TrueShares Equity Hedge ETF	-2.12%
DECZ TrueShares Structured Outcome (December) ETF	5.90%

Correlation

The correlation between ONEH and DECZ is 0.13, 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	0.13

Return for Risk

ONEH vs. DECZ — Risk / Return Rank

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

ONEH

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

DECZ

DECZ Risk / Return Rank: 58
DECZ Sharpe Ratio Rank: 58
DECZ Sortino Ratio Rank: 58
DECZ Omega Ratio Rank: 57
DECZ Calmar Ratio Rank: 53
DECZ Martin Ratio Rank: 60

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.

ONEH vs. DECZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Equity Hedge ETF (ONEH) and TrueShares Structured Outcome (December) ETF (DECZ). 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	DECZ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.57	—
Sortino ratio: Return per unit of downside risk	—	2.23	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.14	—
Martin ratio: Return relative to average drawdown	—	8.53	—

Drawdowns

ONEH vs. DECZ - Drawdown Comparison

The maximum ONEH drawdown since its inception was -3.55%, smaller than the maximum DECZ drawdown of -16.57%. Use the drawdown chart below to compare losses from any high point for ONEH and DECZ.

Drawdown Indicators

	ONEH	DECZ	Difference
Max Drawdown Largest peak-to-trough decline	-3.55%	-16.57%	+13.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.53%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.57%	—
Current Drawdown Current decline from peak	-2.12%	-0.44%	-1.68%
Average Drawdown Average peak-to-trough decline	-1.50%	-3.04%	+1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.88%	—

Volatility

Volatility by Period

	ONEH	DECZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.15%	10.22%	-5.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.15%	12.69%	-7.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.15%	12.41%	-7.26%

ONEH vs. DECZ - Expense Ratio Comparison

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

Dividends

ONEH vs. DECZ - Dividend Comparison

ONEH has not paid dividends to shareholders, while DECZ's dividend yield for the trailing twelve months is around 3.03%.

Position	TTM	2025	2024	2023	2022	2021
DECZ TrueShares Structured Outcome (December) ETF	3.03%	3.28%	2.55%	1.23%	1.44%	0.46%
ONEH TrueShares Equity Hedge ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ONEH and DECZ in my portfolio?

ONEH and DECZ have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ONEH or DECZ?

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, ONEH or DECZ?

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

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

DECZ has the higher dividend yield at 3.03%, compared with 0.00% for ONEH.

What is the main difference between ONEH and DECZ?

ONEH is categorized as Equity Hedged, while DECZ is Defined Outcome.