The TrueShares Equity Hedge ETF (ONEH) is an actively managed fund seeking returns through a combination of put and call options on the S&P 500. Launched in January 2026 by TrueShares, ONEH aims for 100% exposure to a long-put strategy, aligning notional exposure with the fund's net asset value. With assets under management of $0.00B and an expense ratio of 0.79%, ONEH offers a unique approach to equity hedging, primarily investing in U.S. equity securities. The fund is non-diversified.
The TrueShares Equity Hedge ETF (ONEH) is an actively managed fund seeking returns through a combination of put and call options on the S&P 500. Launched in January 2026 by TrueShares, ONEH aims for 100% exposure to a long-put strategy, aligning notional exposure with the fund's net asset value. With assets under management of $0.00B and an expense ratio of 0.79%, ONEH offers a unique approach to equity hedging, primarily investing in U.S. equity securities. The fund is non-diversified.
ETF Overview
The fund is an actively managed ETF that seeks to achieve its primary investment objective by purchasing put options on the S&P 500 and purchasing call options on the S&P 500 under normal market conditions. The Advisor intends to have 100% exposure to the long-put strategy and to align its notional exposure equivalent to that of the fund’s net asset value (“NAV”). Under normal circumstances, the fund invests at least 80% of its net assets in equity securities. The fund is non-diversified.
The TrueShares Equity Hedge ETF (ONEH) employs an active management strategy focused on hedging equity exposure using options. The fund purchases put options and call options on the S&P 500, aiming to provide a hedge against market downturns while participating in potential upside. ONEH seeks to maintain 100% exposure to its long-put strategy, with notional exposure equivalent to the fund's net asset value. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities. A key holding is the State Street Instl US Govt MMkt Admin (SALXX), representing 0.17% of the portfolio. The fund is non-diversified, concentrating its investments. ONEH's strategy is designed for investors seeking to mitigate equity risk through active options management.
Risk Metrics
ONEH's active options strategy introduces specific risks. The 0.79% expense ratio can create a drag on performance, especially if the hedging strategy is not effective. As a non-diversified fund, ONEH carries concentration risk, meaning its performance is highly dependent on the success of its options strategy related to the S&P 500. With a beta of 0.00 (3Y), ONEH exhibits very low volatility relative to the broader market, indicating its hedging strategy may significantly reduce market exposure. Investors should carefully consider the complexities of options-based strategies and the potential for losses if market movements do not align with the fund's positioning. Past performance does not guarantee future results.
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Risk Metrics
Beta: 0.00
Questions & Answers
What is ONEH and what does it track?
The TrueShares Equity Hedge ETF (ONEH) is an actively managed fund designed to provide a hedge against market downturns while participating in potential upside. It achieves this by purchasing put options and call options on the S&P 500. The fund aims to have 100% exposure to its long-put strategy, aligning its notional exposure with the fund's net asset value. ONEH invests at least 80% of its net assets in equity securities under normal market conditions, primarily focusing on the U.S. equity market.
What is the expense ratio for ONEH?
The expense ratio for the TrueShares Equity Hedge ETF (ONEH) is 0.79%. This means that for every $10,000 invested in the fund, $79 is used to cover operating expenses. While there isn't a defined category average for actively managed equity hedge ETFs, this expense ratio is relatively high compared to passively managed broad market equity ETFs, where expense ratios can be significantly lower. this may be worth researching cost when evaluating the potential returns of ONEH.
What are the top holdings in ONEH?
As of 2026-03-15, the top holding in the TrueShares Equity Hedge ETF (ONEH) is State Street Instl US Govt MMkt Admin (SALXX), comprising 0.17% of the fund's portfolio. While the fund invests primarily in equity securities and options related to the S&P 500, the specific holdings can vary due to the active management strategy. Investors should refer to the fund's official website for the most up-to-date list of holdings. The fund is non-diversified.
Is ONEH a good long-term investment?
Evaluating ONEH as a long-term investment requires careful consideration of its active management strategy and associated risks. The fund's success depends on the effectiveness of its options strategy in hedging against market downturns and capturing potential upside. With an expense ratio of 0.79%, the fund faces a higher cost hurdle compared to passively managed ETFs. Investors should assess their risk tolerance and investment goals to determine if ONEH's hedging strategy aligns with their long-term objectives. Past performance does not guarantee future results.
How does ONEH compare to similar ETFs?
ONEH differentiates itself through its active options-based hedging strategy, setting it apart from passively managed broad market ETFs. Its expense ratio of 0.79% is higher than many passively managed equity ETFs. As a relatively new fund launched in January 2026, ONEH has a small AUM of $0.00B. Similar ETFs might employ different hedging strategies or focus on specific sectors, offering varying levels of risk and return. Investors should compare the strategies, expense ratios, and performance of different hedging ETFs to determine the best fit for their needs.
Does ONEH pay dividends?
As of 2026-03-15, the TrueShares Equity Hedge ETF (ONEH) has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders. The fund's focus is on capital appreciation through its options-based hedging strategy rather than generating income through dividends. Investors seeking dividend income may want to consider other ETFs with a focus on dividend-paying stocks.