TAIL vs. ONEH
TAIL (Cambria Tail Risk ETF) and ONEH (TrueShares Equity Hedge ETF) are both Equity Hedged funds. Both are actively managed. Their -0.21 correlation means they have often moved in opposite directions in the past. TAIL charges 0.59%/yr vs 0.79%/yr for ONEH.
Performance
TAIL vs. ONEH - Performance Comparison
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Returns By Period
TAIL
- 1D
- -0.57%
- 1M
- -1.69%
- 6M
- -7.65%
- YTD
- -8.13%
- 1Y
- -11.00%
- 3Y*
- -4.90%
- 5Y*
- -9.07%
- 10Y*
- —
- ALL TIME*
- -7.28%
ONEH
- 1D
- 0.04%
- 1M
- 0.20%
- 6M
- -1.04%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $75.57K | $59.30K | $74.10K | |
| $1.12M | $1.66M | $2.24M |
TAIL vs. ONEH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TAIL Cambria Tail Risk ETF | -7.32% |
ONEH TrueShares Equity Hedge ETF | -1.24% |
Correlation
The correlation between TAIL and ONEH is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 29, 2026 | -0.21 |
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Return for Risk
TAIL vs. ONEH — Risk / Return Rank
TAIL
ONEH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TAIL vs. ONEH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Tail Risk ETF (TAIL) 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.
| TAIL | ONEH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.82 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | — | — |
| Martin ratioReturn relative to average drawdown | -1.52 | — | — |
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Drawdowns
TAIL vs. ONEH - Drawdown Comparison
The maximum TAIL drawdown since its inception was -52.57%, which is greater than ONEH's maximum drawdown of -3.55%. Use the drawdown chart below to compare losses from any high point for TAIL and ONEH.
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Drawdown Indicators
| TAIL | ONEH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.57% | -3.55% | -49.02% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | — | — |
Current DrawdownCurrent decline from peak | -52.57% | -1.24% | -51.33% |
Average DrawdownAverage peak-to-trough decline | -29.50% | -1.50% | -28.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | — | — |
Volatility
TAIL vs. ONEH - Volatility Comparison
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Volatility by Period
| TAIL | ONEH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.59% | 5.04% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 5.04% | +9.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.84% | 5.04% | +9.80% |
TAIL vs. ONEH - Expense Ratio Comparison
TAIL has a 0.59% expense ratio, which is lower than ONEH's 0.79% expense ratio.
Dividends
TAIL vs. ONEH - Dividend Comparison
TAIL's dividend yield for the trailing twelve months is around 2.99%, while ONEH has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ONEH TrueShares Equity Hedge ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TAIL Cambria Tail Risk ETF | 2.99% | 2.88% | 3.48% | 3.74% | 1.50% | 0.49% | 0.36% | 1.58% | 1.52% | 0.91% |
Frequently Asked Questions
TAIL and ONEH have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TAIL is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TAIL is cheaper with a 0.59% expense ratio, compared with 0.79% for ONEH.
TAIL has the higher dividend yield at 2.99%, compared with 0.00% for ONEH.
They also come from different issuers: Cambria and TrueShares. Their fees differ too: 0.59% for TAIL and 0.79% for ONEH.
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