DIPS vs ONEZ
YieldMax Short NVDA Option Income Strategy ETF vs TrueShares Seasonality Laddered Buffered ETF
Which is better, DIPS or ONEZ?
Opposite sides of the same exposure.
ONEZ has a lower expense ratio. ONEZ led over 1Y and the full window. The two move opposite each other, correlation -0.65, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DIPS | ONEZ |
|---|---|---|
| Expense Ratio | 1.05% | 0.96%Best |
| AUM | $11M | $356M |
| Dividend Yield | 69.00% | 3.63% |
| Holdings | 28 | 32 |
| YTD Return | -13.73% | +7.97%Best |
| 1Y Return | -14.80% | +6.09%Best |
| Volatility (annualized) | 27.1% | 9.4%Best |
| Max Drawdown | -54.5% | -13.2%Best |
| $10,000 over 1.7 years | $5,299 | $11,314Best |
| Fund Family | YieldMax ETF | TrueShares |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jul 23, 2024 | Jan 27, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 27, 2025 to Oct 14, 2026 (1.7 years).
DIPS vs ONEZ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.7 years both funds cover.
DIPS vs ONEZ Performance
YieldMax Short NVDA Option Income Strategy ETF (DIPS) is an ETF from YieldMax ETF and TrueShares Seasonality Laddered Buffered ETF (ONEZ) is an ETF from TrueShares. Over the past year DIPS returned -14.80% while ONEZ returned +6.09%. Year to date, DIPS is down 13.73% versus a gain of 7.97% for ONEZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIPS has been the more volatile fund, with annualized monthly volatility of 27.1% compared with 9.4% for ONEZ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -54.5% for DIPS and -13.2% for ONEZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.65. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
DIPS charges 1.05% per year while ONEZ charges 0.96%. On a $10,000 position that is $105 vs $96 annually, a gap of $9 per year that compounds over a long holding period. On income, DIPS currently yields 69.00% against 3.63% for ONEZ.
Holdings Overlap
We hold position weights for 2 holdings in DIPS and 16 in ONEZ, totalling 17.1% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in DIPS and 16 in ONEZ, against full books of 28 and 32.
You are not choosing between two funds in isolation.
Whichever of DIPS and ONEZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIPS or ONEZ?
DIPS has an expense ratio of 1.05% while ONEZ charges 0.96%. ONEZ is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, DIPS or ONEZ?
Over the past year DIPS returned -14.80% vs +6.09% for ONEZ, so ONEZ leads on 1-year performance. Over the longest common window we track (2 years), DIPS annualized -31.17% vs +7.53% for ONEZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIPS or ONEZ?
DIPS has been the more volatile fund at 27.1% annualized versus 9.4% for ONEZ. Worst drawdown: DIPS -54.5% vs ONEZ -13.2%.
Should I hold both DIPS and ONEZ?
DIPS and ONEZ have a monthly-return correlation of -0.65, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, DIPS or ONEZ?
DIPS yields 69.00% while ONEZ yields 3.63%, so DIPS currently pays the higher dividend yield.
Is ONEZ better than DIPS?
ONEZ has a lower expense ratio. ONEZ led over 1Y and the full window. The two move opposite each other, correlation -0.65, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.