FIAT vs ONEZ
YieldMax Short COIN Option Income Strategy ETF vs TrueShares Seasonality Laddered Buffered ETF
Which is better, FIAT or ONEZ?
Opposite sides of the same exposure.
ONEZ has a lower expense ratio. FIAT led over 1Y, ONEZ over the full window. The two move opposite each other, correlation -0.61, 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 | FIAT | ONEZ |
|---|---|---|
| Expense Ratio | 1.05% | 0.96%Best |
| AUM | $30M | $356M |
| Dividend Yield | 122.18% | 3.63% |
| Holdings | 15 | 32 |
| YTD Return | +4.11% | +7.97%Best |
| 1Y Return | +35.51%Best | +6.09% |
| Volatility (annualized) | 50.4% | 9.4%Best |
| Max Drawdown | -63.1% | -13.2%Best |
| $10,000 over 1.7 years | $8,408 | $11,314Best |
| Fund Family | YieldMax ETF | TrueShares |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jul 9, 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).
FIAT 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.
FIAT vs ONEZ Performance
YieldMax Short COIN Option Income Strategy ETF (FIAT) is an ETF from YieldMax ETF and TrueShares Seasonality Laddered Buffered ETF (ONEZ) is an ETF from TrueShares. Over the past year FIAT returned +35.51% while ONEZ returned +6.09%. Year to date, FIAT is up 4.11% versus a gain of 7.97% for ONEZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FIAT has been the more volatile fund, with annualized monthly volatility of 50.4% 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 -63.1% for FIAT 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 -0.61. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
FIAT 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, FIAT currently yields 122.18% against 3.63% for ONEZ.
Holdings Overlap
We hold position weights for 2 holdings in FIAT and 16 in ONEZ, totalling 18.2% 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 FIAT and 16 in ONEZ, against full books of 15 and 32.
You are not choosing between two funds in isolation.
Whichever of FIAT 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, FIAT or ONEZ?
FIAT 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, FIAT or ONEZ?
Over the past year FIAT returned +35.51% vs +6.09% for ONEZ, so FIAT leads on 1-year performance. Over the longest common window we track (2 years), FIAT annualized -9.70% vs +7.53% for ONEZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FIAT or ONEZ?
FIAT has been the more volatile fund at 50.4% annualized versus 9.4% for ONEZ. Worst drawdown: FIAT -63.1% vs ONEZ -13.2%.
Should I hold both FIAT and ONEZ?
FIAT and ONEZ have a monthly-return correlation of -0.61, 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, FIAT or ONEZ?
FIAT yields 122.18% while ONEZ yields 3.63%, so FIAT currently pays the higher dividend yield.
Is ONEZ better than FIAT?
ONEZ has a lower expense ratio. FIAT led over 1Y, ONEZ over the full window. The two move opposite each other, correlation -0.61, 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.