QHDG vs. ONEH
QHDG (Innovator Hedged Nasdaq-100 ETF) and ONEH (TrueShares Equity Hedge ETF) are both Equity Hedged funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.79% expense ratio.
Performance
QHDG vs. ONEH - Performance Comparison
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Returns By Period
QHDG
- 1D
- -0.03%
- 1M
- 0.89%
- YTD
- 1.03%
- 6M
- 0.25%
- 1Y
- 11.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONEH
- 1D
- -0.08%
- 1M
- -0.16%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QHDG vs. ONEH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QHDG Innovator Hedged Nasdaq-100 ETF | -0.74% |
ONEH TrueShares Equity Hedge ETF | -2.18% |
Correlation
The correlation between QHDG and ONEH is 0.14, 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 30, 2026 | 0.14 |
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Return for Risk
QHDG vs. ONEH — Risk / Return Rank
QHDG
ONEH
QHDG vs. ONEH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Hedged Nasdaq-100 ETF (QHDG) 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.
| QHDG | ONEH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | — | — |
| Martin ratioReturn relative to average drawdown | 5.69 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QHDG | ONEH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | -1.35 | +2.24 |
Drawdowns
QHDG vs. ONEH - Drawdown Comparison
The maximum QHDG drawdown since its inception was -15.29%, which is greater than ONEH's maximum drawdown of -3.55%. Use the drawdown chart below to compare losses from any high point for QHDG and ONEH.
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Drawdown Indicators
| QHDG | ONEH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.29% | -3.55% | -11.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | — | — |
Current DrawdownCurrent decline from peak | -1.00% | -2.18% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -1.58% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | — | — |
Volatility
QHDG vs. ONEH - Volatility Comparison
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Volatility by Period
| QHDG | ONEH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.54% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.79% | 4.66% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.44% | 4.66% | +7.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.44% | 4.66% | +7.78% |
QHDG vs. ONEH - Expense Ratio Comparison
Both QHDG and ONEH have an expense ratio of 0.79%.
Dividends
QHDG vs. ONEH - Dividend Comparison
Neither QHDG nor ONEH has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ONEH TrueShares Equity Hedge ETF | 0.00% | 0.00% | 0.00% |
QHDG Innovator Hedged Nasdaq-100 ETF | 0.00% | 0.00% | 0.02% |
Frequently Asked Questions
QHDG and ONEH have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QHDG and ONEH have the same expense ratio: 0.79% per year.
QHDG and ONEH have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and TrueShares.
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