SNTH vs. ONEH
SNTH (MRP SynthEquity 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. SNTH charges 0.95%/yr vs 0.79%/yr for ONEH.
Performance
SNTH vs. ONEH - Performance Comparison
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Returns By Period
SNTH
- 1D
- -2.55%
- 1M
- 0.65%
- YTD
- 7.95%
- 6M
- 6.47%
- 1Y
- 27.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONEH
- 1D
- -0.71%
- 1M
- -0.49%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SNTH vs. ONEH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SNTH MRP SynthEquity ETF | 6.13% |
ONEH TrueShares Equity Hedge ETF | -2.42% |
Correlation
The correlation between SNTH 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
SNTH vs. ONEH — Risk / Return Rank
SNTH
ONEH
SNTH vs. ONEH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MRP SynthEquity ETF (SNTH) 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.
| SNTH | ONEH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | — | — |
| Martin ratioReturn relative to average drawdown | 10.45 | — | — |
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
| SNTH | ONEH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.70 | -1.41 | +3.11 |
Drawdowns
SNTH vs. ONEH - Drawdown Comparison
The maximum SNTH drawdown since its inception was -9.79%, which is greater than ONEH's maximum drawdown of -3.55%. Use the drawdown chart below to compare losses from any high point for SNTH and ONEH.
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Drawdown Indicators
| SNTH | ONEH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.79% | -3.55% | -6.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | — | — |
Current DrawdownCurrent decline from peak | -2.80% | -2.42% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -1.59% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | — | — |
Volatility
SNTH vs. ONEH - Volatility Comparison
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Volatility by Period
| SNTH | ONEH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.71% | 4.83% | +7.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.68% | 4.83% | +10.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.68% | 4.83% | +10.85% |
SNTH vs. ONEH - Expense Ratio Comparison
SNTH has a 0.95% expense ratio, which is higher than ONEH's 0.79% expense ratio.
Dividends
SNTH vs. ONEH - Dividend Comparison
SNTH's dividend yield for the trailing twelve months is around 11.15%, while ONEH has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ONEH TrueShares Equity Hedge ETF | 0.00% | 0.00% |
SNTH MRP SynthEquity ETF | 11.15% | 11.55% |
Frequently Asked Questions
SNTH 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, 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 0.95% for SNTH.
SNTH has the higher dividend yield at 11.15%, compared with 0.00% for ONEH.
They also come from different issuers: MRP and TrueShares. Their fees differ too: 0.95% for SNTH and 0.79% for ONEH.
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