ONEH vs. TAIL
ONEH (TrueShares Equity Hedge ETF) and TAIL (Cambria Tail Risk ETF) are both Equity Hedged funds. Both are actively managed. Their -0.21 correlation means they have often moved in opposite directions in the past. ONEH charges 0.79%/yr vs 0.59%/yr for TAIL.
Performance
ONEH vs. TAIL - Performance Comparison
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Returns By Period
ONEH
- 1D
- 0.04%
- 1M
- 0.20%
- 6M
- -1.04%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TAIL
- 1D
- -0.57%
- 1M
- -1.69%
- 6M
- -7.65%
- YTD
- -8.13%
- 1Y
- -11.00%
- 3Y*
- -4.90%
- 5Y*
- -9.07%
- 10Y*
- —
- ALL TIME*
- -7.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $75.57K | $59.30K | $74.10K | |
| $1.12M | $1.66M | $2.24M |
ONEH vs. TAIL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ONEH TrueShares Equity Hedge ETF | -1.24% |
TAIL Cambria Tail Risk ETF | -7.32% |
Correlation
The correlation between ONEH and TAIL is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 29, 2026 | -0.21 |
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Return for Risk
ONEH vs. TAIL — Risk / Return Rank
ONEH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TAIL
ONEH vs. TAIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Equity Hedge ETF (ONEH) and Cambria Tail Risk ETF (TAIL). 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 | TAIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.82 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.74 | — |
| Martin ratioReturn relative to average drawdown | — | -1.52 | — |
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Drawdowns
ONEH vs. TAIL - Drawdown Comparison
The maximum ONEH drawdown since its inception was -3.55%, smaller than the maximum TAIL drawdown of -52.57%. Use the drawdown chart below to compare losses from any high point for ONEH and TAIL.
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Drawdown Indicators
| ONEH | TAIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.55% | -52.57% | +49.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.20% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.03% | — |
Current DrawdownCurrent decline from peak | -1.24% | -52.57% | +51.33% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -29.50% | +28.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.16% | — |
Volatility
ONEH vs. TAIL - Volatility Comparison
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Volatility by Period
| ONEH | TAIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.04% | 8.59% | -3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 14.88% | -9.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 14.84% | -9.80% |
ONEH vs. TAIL - Expense Ratio Comparison
ONEH has a 0.79% expense ratio, which is higher than TAIL's 0.59% expense ratio.
Dividends
ONEH vs. TAIL - Dividend Comparison
ONEH has not paid dividends to shareholders, while TAIL's dividend yield for the trailing twelve months is around 2.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ONEH TrueShares Equity Hedge ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TAIL Cambria Tail Risk ETF | 2.99% | 2.88% | 3.48% | 3.74% | 1.50% | 0.49% | 0.36% | 1.58% | 1.52% | 0.91% |
Frequently Asked Questions
ONEH and TAIL have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TAIL is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TAIL is cheaper with a 0.59% expense ratio, compared with 0.79% for ONEH.
TAIL has the higher dividend yield at 2.99%, compared with 0.00% for ONEH.
They also come from different issuers: TrueShares and Cambria. Their fees differ too: 0.79% for ONEH and 0.59% for TAIL.
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