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 0.16 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
- 0.00%
- 1M
- 0.15%
- 6M
- 0.48%
- YTD
- 1.37%
- 1Y
- 9.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONEH
- 1D
- -0.18%
- 1M
- -0.78%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QHDG vs. ONEH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QHDG Innovator Hedged Nasdaq-100 ETF | -0.67% |
ONEH TrueShares Equity Hedge ETF | -1.66% |
Correlation
The correlation between QHDG and ONEH is 0.16, 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 | 0.16 |
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Return for Risk
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.
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.
| QHDG | ONEH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | — | — |
| Martin ratioReturn relative to average drawdown | 4.95 | — | — |
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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 | -0.67% | -1.66% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -1.50% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | — | — |
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 | 0.17% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.58% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.72% | 5.15% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.07% | 5.15% | +6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.07% | 5.15% | +6.92% |
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 0.16, 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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