ONEH vs. QGRD

Last updated Jun 4, 2026

ONEH (TrueShares Equity Hedge ETF) and QGRD (Horizon NASDAQ-100 Defined Risk 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 0.85%/yr for QGRD.

Performance

ONEH vs. QGRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Equity Hedge ETF (ONEH) and Horizon NASDAQ-100 Defined Risk ETF (QGRD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ONEH

• 1D: -0.08%
• 1M: -0.16%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QGRD

• 1D: -0.13%
• 1M: 8.60%
• YTD: 15.09%
• 6M: 13.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ONEH vs. QGRD - Yearly Performance Comparison

	2026 (YTD)
ONEH TrueShares Equity Hedge ETF	-2.18%
QGRD Horizon NASDAQ-100 Defined Risk ETF	12.23%

Correlation

The correlation between ONEH and QGRD 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 Jan 30, 2026	0.05

Return for Risk

ONEH vs. QGRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Equity Hedge ETF (ONEH) and Horizon NASDAQ-100 Defined Risk ETF (QGRD). 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	QGRD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.35	2.16	-3.51

Drawdowns

ONEH vs. QGRD - Drawdown Comparison

The maximum ONEH drawdown since its inception was -3.55%, smaller than the maximum QGRD drawdown of -9.41%. Use the drawdown chart below to compare losses from any high point for ONEH and QGRD.

Drawdown Indicators

	ONEH	QGRD	Difference
Max Drawdown Largest peak-to-trough decline	-3.55%	-9.41%	+5.86%
Current Drawdown Current decline from peak	-2.18%	-0.13%	-2.05%
Average Drawdown Average peak-to-trough decline	-1.58%	-2.19%	+0.61%

Volatility

Volatility by Period

	ONEH	QGRD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.66%	12.92%	-8.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.66%	12.92%	-8.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.66%	12.92%	-8.26%

ONEH vs. QGRD - Expense Ratio Comparison

ONEH has a 0.79% expense ratio, which is lower than QGRD's 0.85% expense ratio.

Dividends

ONEH vs. QGRD - Dividend Comparison

ONEH has not paid dividends to shareholders, while QGRD's dividend yield for the trailing twelve months is around 1.36%.

Position	TTM	2025
ONEH TrueShares Equity Hedge ETF	0.00%	0.00%
QGRD Horizon NASDAQ-100 Defined Risk ETF	1.36%	1.57%

Frequently Asked Questions

Can I hold both ONEH and QGRD in my portfolio?

ONEH and QGRD 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 QGRD?

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 QGRD?

ONEH is cheaper with a 0.79% expense ratio, compared with 0.85% for QGRD.

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

QGRD has the higher dividend yield at 1.36%, compared with 0.00% for ONEH.

What is the main difference between ONEH and QGRD?

They also come from different issuers: TrueShares and Horizon. Their fees differ too: 0.79% for ONEH and 0.85% for QGRD.