QQHG vs. ONEH
QQHG (Invesco QQQ Hedged Advantage 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. QQHG charges 0.45%/yr vs 0.79%/yr for ONEH.
Performance
QQHG vs. ONEH - Performance Comparison
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Returns By Period
QQHG
- 1D
- -0.23%
- 1M
- -0.12%
- YTD
- 8.81%
- 6M
- 7.73%
- 1Y
- 22.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONEH
- 1D
- 0.02%
- 1M
- 0.92%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQHG vs. ONEH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QQHG Invesco QQQ Hedged Advantage ETF | 6.87% |
ONEH TrueShares Equity Hedge ETF | -1.04% |
Correlation
The correlation between QQHG 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 29, 2026 | 0.14 |
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Return for Risk
QQHG vs. ONEH — Risk / Return Rank
QQHG
ONEH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQHG vs. ONEH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Hedged Advantage ETF (QQHG) 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.
| QQHG | ONEH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | — | — |
| Martin ratioReturn relative to average drawdown | 13.63 | — | — |
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Drawdowns
QQHG vs. ONEH - Drawdown Comparison
The maximum QQHG drawdown since its inception was -6.18%, which is greater than ONEH's maximum drawdown of -3.55%. Use the drawdown chart below to compare losses from any high point for QQHG and ONEH.
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Drawdown Indicators
| QQHG | ONEH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.18% | -3.55% | -2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.18% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | -1.04% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -1.02% | -1.50% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | — | — |
Volatility
QQHG vs. ONEH - Volatility Comparison
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Volatility by Period
| QQHG | ONEH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 5.33% | +4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.10% | 5.33% | +4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.10% | 5.33% | +4.77% |
QQHG vs. ONEH - Expense Ratio Comparison
QQHG has a 0.45% expense ratio, which is lower than ONEH's 0.79% expense ratio.
Dividends
QQHG vs. ONEH - Dividend Comparison
QQHG's dividend yield for the trailing twelve months is around 0.26%, while ONEH has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ONEH TrueShares Equity Hedge ETF | 0.00% | 0.00% |
QQHG Invesco QQQ Hedged Advantage ETF | 0.26% | 0.17% |
Frequently Asked Questions
QQHG 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.
On fees, QQHG is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQHG is cheaper with a 0.45% expense ratio, compared with 0.79% for ONEH.
QQHG has the higher dividend yield at 0.26%, compared with 0.00% for ONEH.
They also come from different issuers: Invesco and TrueShares. Their fees differ too: 0.45% for QQHG and 0.79% for ONEH.
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