QGRD vs. ONEH
QGRD (Horizon NASDAQ-100 Defined Risk ETF) and ONEH (TrueShares Equity Hedge ETF) are both Equity Hedged funds. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. QGRD charges 0.85%/yr vs 0.79%/yr for ONEH.
Performance
QGRD vs. ONEH - Performance Comparison
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Returns By Period
QGRD
- 1D
- -1.30%
- 1M
- -2.77%
- 6M
- 9.01%
- YTD
- 10.23%
- 1Y
- 19.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONEH
- 1D
- -0.18%
- 1M
- -0.78%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QGRD vs. ONEH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QGRD Horizon NASDAQ-100 Defined Risk ETF | 7.23% |
ONEH TrueShares Equity Hedge ETF | -1.66% |
Correlation
The correlation between QGRD and ONEH 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 29, 2026 | 0.12 |
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Return for Risk
QGRD vs. ONEH — Risk / Return Rank
QGRD
ONEH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QGRD vs. ONEH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon NASDAQ-100 Defined Risk ETF (QGRD) and TrueShares Equity Hedge ETF (ONEH). 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.
| QGRD | ONEH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | — | — |
| Martin ratioReturn relative to average drawdown | 6.18 | — | — |
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Drawdowns
QGRD vs. ONEH - Drawdown Comparison
The maximum QGRD drawdown since its inception was -9.41%, which is greater than ONEH's maximum drawdown of -3.55%. Use the drawdown chart below to compare losses from any high point for QGRD and ONEH.
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Drawdown Indicators
| QGRD | ONEH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.41% | -3.55% | -5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | — | — |
Current DrawdownCurrent decline from peak | -4.34% | -1.66% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -1.50% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | — | — |
Volatility
QGRD vs. ONEH - Volatility Comparison
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Volatility by Period
| QGRD | ONEH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.69% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 5.15% | +9.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 5.15% | +9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 5.15% | +9.46% |
QGRD vs. ONEH - Expense Ratio Comparison
QGRD has a 0.85% expense ratio, which is higher than ONEH's 0.79% expense ratio.
Dividends
QGRD vs. ONEH - Dividend Comparison
QGRD's dividend yield for the trailing twelve months is around 1.42%, while ONEH has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ONEH TrueShares Equity Hedge ETF | 0.00% | 0.00% |
QGRD Horizon NASDAQ-100 Defined Risk ETF | 1.42% | 1.57% |
Frequently Asked Questions
QGRD and ONEH 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.
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.
ONEH is cheaper with a 0.79% expense ratio, compared with 0.85% for QGRD.
QGRD has the higher dividend yield at 1.42%, compared with 0.00% for ONEH.
They also come from different issuers: Horizon and TrueShares. Their fees differ too: 0.85% for QGRD and 0.79% for ONEH.
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