ONEH vs. JULZ

Last updated Jun 5, 2026

ONEH (TrueShares Equity Hedge ETF) and JULZ (Trueshares Structured Outcome (July) ETF) are both exchange-traded funds - ONEH is a Equity Hedged fund actively managed by TrueShares, while JULZ is a Options Trading fund tracking the Cboe S&P 500 Buffer Protect Index July. ONEH is actively managed, while JULZ is passively managed. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.79% expense ratio.

Performance

ONEH vs. JULZ - Performance Comparison

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

Returns By Period

ONEH

• 1D: 0.47%
• 1M: 0.45%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JULZ

• 1D: 0.27%
• 1M: 3.89%
• YTD: 9.08%
• 6M: 8.88%
• 1Y: 22.43%
• 3Y*: 17.02%
• 5Y*: 11.34%
• 10Y*: —

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

ONEH vs. JULZ - Yearly Performance Comparison

	2026 (YTD)
ONEH TrueShares Equity Hedge ETF	-1.72%
JULZ Trueshares Structured Outcome (July) ETF	7.66%

Correlation

The correlation between ONEH and JULZ 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. JULZ — Risk / Return Rank

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

JULZ

JULZ Risk / Return Rank: 64
JULZ Sharpe Ratio Rank: 68
JULZ Sortino Ratio Rank: 68
JULZ Omega Ratio Rank: 67
JULZ Calmar Ratio Rank: 54
JULZ Martin Ratio Rank: 64

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. JULZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Equity Hedge ETF (ONEH) and Trueshares Structured Outcome (July) ETF (JULZ). 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	JULZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.20	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.05	1.16	-2.20

Drawdowns

ONEH vs. JULZ - Drawdown Comparison

The maximum ONEH drawdown since its inception was -3.55%, smaller than the maximum JULZ drawdown of -14.71%. Use the drawdown chart below to compare losses from any high point for ONEH and JULZ.

Drawdown Indicators

	ONEH	JULZ	Difference
Max Drawdown Largest peak-to-trough decline	-3.55%	-14.71%	+11.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.53%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.71%	—
Current Drawdown Current decline from peak	-1.72%	-0.25%	-1.47%
Average Drawdown Average peak-to-trough decline	-1.58%	-2.97%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.95%	—

Volatility

Volatility by Period

	ONEH	JULZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.71%	10.24%	-5.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.71%	12.19%	-7.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.71%	12.31%	-7.60%

ONEH vs. JULZ - Expense Ratio Comparison

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

Dividends

ONEH vs. JULZ - Dividend Comparison

ONEH has not paid dividends to shareholders, while JULZ's dividend yield for the trailing twelve months is around 10.97%.

Position	TTM	2025	2024	2023	2022
JULZ Trueshares Structured Outcome (July) ETF	10.97%	11.96%	3.30%	3.59%	0.07%
ONEH TrueShares Equity Hedge ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ONEH and JULZ in my portfolio?

ONEH and JULZ 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 JULZ?

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 JULZ?

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

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

JULZ has the higher dividend yield at 10.97%, compared with 0.00% for ONEH.

What is the main difference between ONEH and JULZ?

ONEH is categorized as Equity Hedged, while JULZ is Options Trading.