ETF Evaluator: TrueShares Equity Hedge ETF () Follow This ETF

TrueShares Equity Hedge ETF Overview

TrueShares Equity Hedge ETF (ONEH) is an actively managed Nontraditional Equity Equity Hedged exchange-traded fund (ETF). TrueShares launched the ETF in 2026.

The investment seeks profit from equity market declines and subsequent reversals, with income as a secondary objective. 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.

About TrueShares Equity Hedge ETF (ONEH)

There are 1 members of the management team with an average tenure of 0.50 years: Jeffrey Feldman (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

TrueShares Equity Hedge ETF has 10 securities in its portfolio. The top 10 holdings constitute 302.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

TrueShares Equity Hedge ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. TrueShares Equity Hedge ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). TrueShares Equity Hedge ETF has 100.5% of the portfolio in cash.

Assets Under Management

The fund has $14 million in total assets, which is below the $294 million average for the Equity Hedged category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

ONEH Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The TrueShares Equity Hedge ETF expense ratio is above average compared to funds in the Equity Hedged category. TrueShares Equity Hedge ETF has an expense ratio of 0.79%, which is 3% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. TrueShares Equity Hedge ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 97% for the Equity Hedged category.

Recently, in the month of July 2026, TrueShares Equity Hedge ETF returned 0.0%, which earned it a grade of C, as the Equity Hedged category had an average return of -1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

TrueShares Equity Hedge ETF has a trailing yield of 0.00%, which is below the 3.45% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

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