XTR vs. ONEH
XTR (Global X S&P 500 Tail Risk ETF) and ONEH (TrueShares Equity Hedge ETF) are both Equity Hedged funds. XTR is passively managed, while ONEH is actively managed. At a 0.10 correlation, their price movements are largely independent. XTR charges 0.25%/yr vs 0.79%/yr for ONEH.
Performance
XTR vs. ONEH - Performance Comparison
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Returns By Period
XTR
- 1D
- -0.65%
- 1M
- 5.03%
- YTD
- 8.67%
- 6M
- 8.51%
- 1Y
- 22.85%
- 3Y*
- 18.55%
- 5Y*
- —
- 10Y*
- —
ONEH
- 1D
- -0.08%
- 1M
- -0.16%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTR vs. ONEH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XTR Global X S&P 500 Tail Risk ETF | 7.03% |
ONEH TrueShares Equity Hedge ETF | -2.18% |
Correlation
The correlation between XTR and ONEH is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 30, 2026 | 0.10 |
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Return for Risk
XTR vs. ONEH — Risk / Return Rank
XTR
ONEH
XTR vs. ONEH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Tail Risk ETF (XTR) 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.
| XTR | ONEH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | — | — |
| Martin ratioReturn relative to average drawdown | 11.51 | — | — |
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
| XTR | 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 | 0.72 | -1.35 | +2.07 |
Drawdowns
XTR vs. ONEH - Drawdown Comparison
The maximum XTR drawdown since its inception was -20.83%, which is greater than ONEH's maximum drawdown of -3.55%. Use the drawdown chart below to compare losses from any high point for XTR and ONEH.
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Drawdown Indicators
| XTR | ONEH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.83% | -3.55% | -17.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.35% | — | — |
Current DrawdownCurrent decline from peak | -0.65% | -2.18% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -5.95% | -1.58% | -4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | — | — |
Volatility
XTR vs. ONEH - Volatility Comparison
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Volatility by Period
| XTR | ONEH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.76% | 4.66% | +6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 4.66% | +9.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.78% | 4.66% | +9.12% |
XTR vs. ONEH - Expense Ratio Comparison
XTR has a 0.25% expense ratio, which is lower than ONEH's 0.79% expense ratio.
Dividends
XTR vs. ONEH - Dividend Comparison
XTR's dividend yield for the trailing twelve months is around 16.40%, while ONEH has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ONEH TrueShares Equity Hedge ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XTR Global X S&P 500 Tail Risk ETF | 16.40% | 17.82% | 20.89% | 1.09% | 1.08% | 2.32% |
Frequently Asked Questions
XTR and ONEH have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTR is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTR is cheaper with a 0.25% expense ratio, compared with 0.79% for ONEH.
XTR has the higher dividend yield at 16.40%, compared with 0.00% for ONEH.
They also come from different issuers: Global X and TrueShares. Their fees differ too: 0.25% for XTR and 0.79% for ONEH.
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