ONEZ vs. AUGZ

Last updated Jun 4, 2026

ONEZ (TrueShares Seasonality Laddered Buffered ETF) and AUGZ (TrueShares Structured Outcome (August) ETF) are both Defined Outcome funds from TrueShares. ONEZ is actively managed, while AUGZ is passively managed. Over the past year, ONEZ returned 17.56% vs 20.84% for AUGZ. Their correlation of 0.90 suggests significant overlap in exposure. ONEZ charges 0.98%/yr vs 0.79%/yr for AUGZ.

Performance

ONEZ vs. AUGZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Seasonality Laddered Buffered ETF (ONEZ) and TrueShares Structured Outcome (August) ETF (AUGZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONEZ achieves a 7.27% return, which is significantly lower than AUGZ's 8.27% return.

ONEZ

• 1D: -0.47%
• 1M: 3.77%
• YTD: 7.27%
• 6M: 7.15%
• 1Y: 17.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AUGZ

• 1D: -0.55%
• 1M: 4.32%
• YTD: 8.27%
• 6M: 8.18%
• 1Y: 20.84%
• 3Y*: 16.37%
• 5Y*: 10.83%
• 10Y*: —

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

ONEZ vs. AUGZ - Yearly Performance Comparison

	2026 (YTD)	2025
ONEZ TrueShares Seasonality Laddered Buffered ETF	7.27%	8.99%
AUGZ TrueShares Structured Outcome (August) ETF	8.27%	11.50%

Correlation

The correlation between ONEZ and AUGZ is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 28, 2025	0.90

The correlation between ONEZ and AUGZ has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

ONEZ vs. AUGZ — Risk / Return Rank

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

ONEZ

ONEZ Risk / Return Rank: 58
ONEZ Sharpe Ratio Rank: 58
ONEZ Sortino Ratio Rank: 59
ONEZ Omega Ratio Rank: 56
ONEZ Calmar Ratio Rank: 55
ONEZ Martin Ratio Rank: 63

AUGZ

AUGZ Risk / Return Rank: 65
AUGZ Sharpe Ratio Rank: 66
AUGZ Sortino Ratio Rank: 66
AUGZ Omega Ratio Rank: 65
AUGZ Calmar Ratio Rank: 59
AUGZ Martin Ratio Rank: 68

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.

ONEZ vs. AUGZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Seasonality Laddered Buffered ETF (ONEZ) and TrueShares Structured Outcome (August) ETF (AUGZ). 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.

	ONEZ	AUGZ	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.21	-0.30
Sortino ratio: Return per unit of downside risk	2.76	3.05	-0.29
Omega ratio: Gain probability vs. loss probability	1.34	1.40	-0.06
Calmar ratio: Return relative to maximum drawdown	2.67	2.89	-0.22
Martin ratio: Return relative to average drawdown	11.14	12.46	-1.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ONEZ vs. AUGZ - Sharpe Ratio Comparison

The current ONEZ Sharpe Ratio is 1.91, which is comparable to the AUGZ Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of ONEZ and AUGZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ONEZ	AUGZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	2.21	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	1.08	-0.05

Drawdowns

ONEZ vs. AUGZ - Drawdown Comparison

The maximum ONEZ drawdown since its inception was -13.24%, smaller than the maximum AUGZ drawdown of -15.67%. Use the drawdown chart below to compare losses from any high point for ONEZ and AUGZ.

Drawdown Indicators

	ONEZ	AUGZ	Difference
Max Drawdown Largest peak-to-trough decline	-13.24%	-15.67%	+2.43%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	-7.23%	+0.63%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.67%	—
Current Drawdown Current decline from peak	-0.61%	-0.55%	-0.06%
Average Drawdown Average peak-to-trough decline	-2.07%	-3.11%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	1.68%	-0.10%

Volatility

ONEZ vs. AUGZ - Volatility Comparison

TrueShares Seasonality Laddered Buffered ETF (ONEZ) and TrueShares Structured Outcome (August) ETF (AUGZ) have volatilities of 2.54% and 2.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONEZ	AUGZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	2.60%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	7.03%	7.25%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	9.23%	9.50%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.88%	11.97%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.88%	12.10%	-0.22%

ONEZ vs. AUGZ - Expense Ratio Comparison

ONEZ has a 0.98% expense ratio, which is higher than AUGZ's 0.79% expense ratio.

Dividends

ONEZ vs. AUGZ - Dividend Comparison

ONEZ's dividend yield for the trailing twelve months is around 3.70%, more than AUGZ's 3.35% yield.

Position	TTM	2025	2024	2023	2022
AUGZ TrueShares Structured Outcome (August) ETF	3.35%	3.63%	4.08%	3.42%	0.41%
ONEZ TrueShares Seasonality Laddered Buffered ETF	3.70%	3.97%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ONEZ and AUGZ in my portfolio?

With a correlation of 0.91, ONEZ and AUGZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ONEZ or AUGZ?

AUGZ has higher volatility (2.60%) compared to ONEZ (2.54%). In terms of maximum drawdown, ONEZ dropped -13.24% vs AUGZ's -15.67%.

Which ETF is better, ONEZ or AUGZ?

On 1-year performance, AUGZ leads with 20.84% vs 17.56% for ONEZ. On fees, AUGZ is cheaper at 0.79% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ONEZ or AUGZ?

Over the 1-year period, AUGZ has performed better with a 20.84% return vs 17.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ONEZ or AUGZ?

AUGZ is cheaper with a 0.79% expense ratio, compared with 0.98% for ONEZ.

Which ETF pays a higher dividend yield, ONEZ or AUGZ?

ONEZ has the higher dividend yield at 3.70%, compared with 3.35% for AUGZ.

What is the main difference between ONEZ and AUGZ?

Their fees differ too: 0.98% for ONEZ and 0.79% for AUGZ.

Which has better risk-adjusted returns?

AUGZ currently has the higher Sharpe Ratio (2.21 vs 1.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.