XTR vs. ONEH

Last updated Jun 25, 2026

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 0.17 correlation, their price movements are largely independent. XTR charges 0.25%/yr vs 0.79%/yr for ONEH.

Performance

XTR vs. ONEH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Tail Risk ETF (XTR) and TrueShares Equity Hedge ETF (ONEH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XTR

• 1D: -0.42%
• 1M: -1.44%
• YTD: 5.85%
• 6M: 4.51%
• 1Y: 17.69%
• 3Y*: 16.87%
• 5Y*: —
• 10Y*: —

ONEH

• 1D: 0.02%
• 1M: 0.92%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XTR vs. ONEH - Yearly Performance Comparison

	2026 (YTD)
XTR Global X S&P 500 Tail Risk ETF	4.07%
ONEH TrueShares Equity Hedge ETF	-1.04%

Correlation

The correlation between XTR and ONEH is 0.17, 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	0.17

Return for Risk

XTR vs. ONEH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XTR

XTR Risk / Return Rank: 50
XTR Sharpe Ratio Rank: 51
XTR Sortino Ratio Rank: 49
XTR Omega Ratio Rank: 48
XTR Calmar Ratio Rank: 47
XTR Martin Ratio Rank: 55

ONEH

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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.

	XTR	ONEH	Difference
Sharpe ratio: Return per unit of total volatility	1.56	—	—
Sortino ratio: Return per unit of downside risk	2.18	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.09	—	—
Martin ratio: Return relative to average drawdown	8.57	—	—

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.

Drawdown Indicators

	XTR	ONEH	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-3.22%	-1.04%	-2.18%
Average Drawdown Average peak-to-trough decline	-5.90%	-1.50%	-4.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	—	—

Volatility

Volatility by Period

	XTR	ONEH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.39%	5.33%	+6.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.85%	5.33%	+8.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.85%	5.33%	+8.52%

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 16.84%, 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	16.84%	17.82%	20.89%	1.09%	1.08%	2.32%

Frequently Asked Questions

Can I hold both XTR and ONEH in my portfolio?

XTR and ONEH have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XTR or ONEH?

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.

Which ETF is cheaper, XTR or ONEH?

XTR is cheaper with a 0.25% expense ratio, compared with 0.79% for ONEH.

Which ETF pays a higher dividend yield, XTR or ONEH?

XTR has the higher dividend yield at 16.84%, compared with 0.00% for ONEH.

What is the main difference between XTR and ONEH?

They also come from different issuers: Global X and TrueShares. Their fees differ too: 0.25% for XTR and 0.79% for ONEH.