ONEH vs. HEDG

Last updated Jun 3, 2026

ONEH (TrueShares Equity Hedge ETF) and HEDG (Equable Shares Hedged Equity ETF) are both Equity Hedged funds. ONEH is actively managed, while HEDG is passively managed. At a 0.12 correlation, their price movements are largely independent. ONEH charges 0.79%/yr vs 0.96%/yr for HEDG.

Performance

ONEH vs. HEDG - Performance Comparison

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

Returns By Period

ONEH

• 1D: -0.04%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEDG

• 1D: 0.03%
• 1M: 0.69%
• YTD: 2.64%
• 6M: 3.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ONEH vs. HEDG - Yearly Performance Comparison

	2026 (YTD)
ONEH TrueShares Equity Hedge ETF	-2.10%
HEDG Equable Shares Hedged Equity ETF	1.69%

Correlation

The correlation between ONEH and HEDG is 0.12, 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 30, 2026	0.12

Return for Risk

ONEH vs. HEDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Equity Hedge ETF (ONEH) and Equable Shares Hedged Equity ETF (HEDG). 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.

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

Sharpe Ratios by Period

	ONEH	HEDG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.31	1.61	-2.91

Drawdowns

ONEH vs. HEDG - Drawdown Comparison

The maximum ONEH drawdown since its inception was -3.55%, smaller than the maximum HEDG drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for ONEH and HEDG.

Drawdown Indicators

	ONEH	HEDG	Difference
Max Drawdown Largest peak-to-trough decline	-3.55%	-3.85%	+0.30%
Current Drawdown Current decline from peak	-2.10%	0.00%	-2.10%
Average Drawdown Average peak-to-trough decline	-1.57%	-0.39%	-1.18%

Volatility

Volatility by Period

	ONEH	HEDG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.69%	5.92%	-1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.69%	5.92%	-1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.69%	5.92%	-1.23%

ONEH vs. HEDG - Expense Ratio Comparison

ONEH has a 0.79% expense ratio, which is lower than HEDG's 0.96% expense ratio.

Dividends

ONEH vs. HEDG - Dividend Comparison

ONEH has not paid dividends to shareholders, while HEDG's dividend yield for the trailing twelve months is around 1.84%.

Position	TTM	2025
HEDG Equable Shares Hedged Equity ETF	1.84%	1.38%
ONEH TrueShares Equity Hedge ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ONEH and HEDG in my portfolio?

ONEH and HEDG have a correlation of 0.12, 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 HEDG?

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.

Which ETF is cheaper, ONEH or HEDG?

ONEH is cheaper with a 0.79% expense ratio, compared with 0.96% for HEDG.

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

HEDG has the higher dividend yield at 1.84%, compared with 0.00% for ONEH.

What is the main difference between ONEH and HEDG?

They also come from different issuers: TrueShares and Equable Shares. Their fees differ too: 0.79% for ONEH and 0.96% for HEDG.