QGRD vs. ONEH

Last updated Jun 6, 2026

QGRD (Horizon NASDAQ-100 Defined Risk ETF) and ONEH (TrueShares Equity Hedge ETF) are both Equity Hedged funds. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. QGRD charges 0.85%/yr vs 0.79%/yr for ONEH.

Performance

QGRD vs. ONEH - Performance Comparison

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

Returns By Period

QGRD

• 1D: -3.94%
• 1M: 1.47%
• YTD: 10.11%
• 6M: 7.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ONEH

• 1D: -0.71%
• 1M: -0.49%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QGRD vs. ONEH - Yearly Performance Comparison

	2026 (YTD)
QGRD Horizon NASDAQ-100 Defined Risk ETF	7.38%
ONEH TrueShares Equity Hedge ETF	-2.42%

Correlation

The correlation between QGRD and ONEH is 0.07, 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	0.07

Return for Risk

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	QGRD	ONEH	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	-1.41	+3.00

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.

Drawdown Indicators

	QGRD	ONEH	Difference
Max Drawdown Largest peak-to-trough decline	-9.41%	-3.55%	-5.86%
Current Drawdown Current decline from peak	-4.45%	-2.42%	-2.03%
Average Drawdown Average peak-to-trough decline	-2.19%	-1.59%	-0.60%

Volatility

Volatility by Period

	QGRD	ONEH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.56%	4.83%	+8.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.56%	4.83%	+8.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.56%	4.83%	+8.73%

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

Can I hold both QGRD and ONEH in my portfolio?

QGRD and ONEH have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QGRD or ONEH?

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, QGRD or ONEH?

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

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

QGRD has the higher dividend yield at 1.42%, compared with 0.00% for ONEH.

What is the main difference between QGRD and ONEH?

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