ONEH vs. JHDG

Last updated Jul 12, 2026

ONEH (TrueShares Equity Hedge ETF) and JHDG (John Hancock Hedged Equity ETF) are both Equity Hedged funds. Both are actively managed. At a 0.05 correlation, their price movements are largely independent. ONEH charges 0.79%/yr vs 0.49%/yr for JHDG.

Performance

ONEH vs. JHDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Equity Hedge ETF (ONEH) and John Hancock Hedged Equity ETF (JHDG). 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*: —

JHDG

• 1D: 0.53%
• 1M: 1.09%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ONEH vs. JHDG - Yearly Performance Comparison

	2026 (YTD)
ONEH TrueShares Equity Hedge ETF	0.91%
JHDG John Hancock Hedged Equity ETF	7.42%

Correlation

The correlation between ONEH and JHDG 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 Apr 8, 2026	0.05

Return for Risk

ONEH vs. JHDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Equity Hedge ETF (ONEH) and John Hancock Hedged Equity ETF (JHDG). 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.

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

Drawdowns

ONEH vs. JHDG - Drawdown Comparison

The maximum ONEH drawdown since its inception was -3.55%, which is greater than JHDG's maximum drawdown of -2.61%. Use the drawdown chart below to compare losses from any high point for ONEH and JHDG.

Drawdown Indicators

	ONEH	JHDG	Difference
Max Drawdown Largest peak-to-trough decline	-3.55%	-2.61%	-0.94%
Current Drawdown Current decline from peak	-2.12%	-0.61%	-1.51%
Average Drawdown Average peak-to-trough decline	-1.50%	-0.52%	-0.98%

Volatility

Volatility by Period

	ONEH	JHDG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.15%	10.25%	-5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.15%	10.25%	-5.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.15%	10.25%	-5.10%

ONEH vs. JHDG - Expense Ratio Comparison

ONEH has a 0.79% expense ratio, which is higher than JHDG's 0.49% expense ratio.

Dividends

ONEH vs. JHDG - Dividend Comparison

ONEH has not paid dividends to shareholders, while JHDG's dividend yield for the trailing twelve months is around 0.10%.

Position	TTM
JHDG John Hancock Hedged Equity ETF	0.10%
ONEH TrueShares Equity Hedge ETF	0.00%

Frequently Asked Questions

Can I hold both ONEH and JHDG in my portfolio?

ONEH and JHDG 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.

Which ETF is better, ONEH or JHDG?

On fees, JHDG is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ONEH or JHDG?

JHDG is cheaper with a 0.49% expense ratio, compared with 0.79% for ONEH.

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

JHDG has the higher dividend yield at 0.10%, compared with 0.00% for ONEH.

What is the main difference between ONEH and JHDG?

They also come from different issuers: TrueShares and John Hancock. Their fees differ too: 0.79% for ONEH and 0.49% for JHDG.