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Launched · SEC filings

TrueShares Equity Hedge ETF

ONEHCboeTrueSharesD

$24.59+0.20 (+0.83%)

As of Nov 2, 2026, 1:58 PM ET

D37/ 100

Rank 10 of 13 in Portfolio Hedging

D37/100Rank 10 of 13inPortfolio Hedging
Intraday session: up, 49 prints from 24.39 to 24.59. Range 24.39 to 24.59. Use the arrow keys to read each point.24.4524.5024.5510 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$31M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
10.6K sh
52W range
low $24.11high $26.03
Launched
Filings
SEC EDGAR

The ETF.net ONEH Grade

Based on 4 of 6 pillars

D

Score 37 out of 100

Category
Portfolio Hedging⁠
Rank
10 of 13
Six-pillar profile for ONEH. Scores out of 100: Cost 35, Risk 61, Mission not scored, Tradability 26, Holdings not scored, Durability 13. Strongest: Risk (61). Weakest: Durability (13). Based on 4 of 6 pillars.

Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D35 out of 100
    Rank 8 of 13

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 6 of 13

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D26 out of 100
    Rank 12 of 13

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F13 out of 100
    Rank 13 of 13

Our read on ONEH

ETF.net Research

In short

DMost tail hedges only play defense. ONEH keeps an "always on" put position on the S&P 500, then harvests part of any hedge gains into calls to chase the bounce. A crash-and-recovery tool, actively run, new since 2026.

Stated mandate

The Fund seeks to profit from equity market declines and subsequent reversals, with income as a secondary objective. It pursues this through actively managed long put and long call strategies implemented primarily with unfunded total return swaps.

Why people hold it

  • The recovery leg is the twist: when the put hedge gains value, part of that profit is tactically reallocated to a call strategy aimed at a market reversal, not parked in cash.true-shares.com
  • The strategic hedge is meant to stay "always on" through long puts, so there is no guessing about when to switch protection on before a drawdown.true-shares.com
  • One ticker instead of running your own put book: strike selection, rolls and profit-taking sit with an active manager, implemented mainly through unfunded total return swaps.

Worth knowing

  • The 0.79% fee sits above long-running hedging peers such as TAIL (0.59%) and CAOS (0.63%).
  • Built as a hedge sleeve, not a core stock holding: long put exposure generally loses value in calm, rising markets. That is the price of keeping protection on.true-shares.com
  • A 2026 launch with a short history, and because the strategy runs largely through swaps, the banks on the other side of those contracts matter. Income is only a secondary objective.

ONEH Holdings

Asset class
Stocks
Holdings
5
Top-10 weight
199%
Largest holding
Treasury Bill B 09/02/27100.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataTreasury Bill B 09/02/27100.40%32,510,000$31.4M16
2No dataRecv Rcxtesht Shallow Hedge49.03%164,638$15.3M1
3No dataRecv Rcxtetpt Tail Protection48.76%145,629$15.2M1
4No dataRecv Rcxtslct Call Buying0.32%691$99K1
5No dataState Street Inst U.s. Government Mmkt Admn Class0.10%30,735$30.7K22

Showing 1–5 of 5 holdings

ONEH Performance

Launched Jan 28, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
ONEH$9,877
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. ONEH $9,877. SPY $10,141. Use the arrow keys to read each point.$9,800$10,000$10,200$10,400Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ONEH. Periods over one year show the average yearly return.
PeriodONEH
Year to dateFund launched this yearNo data
1 month+0.1%
3 months−1.2%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ONEH
YearReturn barONEH
2026 YTD−2.3%

History from Jan 30, 2026

ONEH in the news

ONEH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Jan 2026. No distributions yet.

ONEH Risk

Risk pillarB61 out of 100Rank 6 of 13 in Portfolio Hedging
How much the fund’s monthly returns vary, scaled to a year.
Launched Jan 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Jan 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Jan 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.20
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

ONEH Cost

Compare ONEH and RFIX

Overpaying vs RFIX, cheapest in Portfolio Hedging

$5,195

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ONEH 0.79%

    $15,174

  • RFIX 0.50% Cheapest

    $9,979

$10,000
30 years

Cost over time

  • ONEH 0.79%
  • RFIX 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ONEH $15,174RFIX $9,979

Year by year

YearONEHRFIXOverpaying
10$1,405$900$505
20$5,331$3,460$1,871
30$15,174$9,979$5,195

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