ONEZ vs PAPR
TrueShares Seasonality Laddered Buffered ETF vs Innovator US Equity Power Buffer ETF - April
Which is better, ONEZ or PAPR?
PAPR has been ahead.
PAPR has a lower expense ratio. PAPR led over 1Y and the full window.
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 | ONEZ | PAPR |
|---|---|---|
| Expense Ratio | 0.96% | 0.79%Best |
| AUM | $356M | $964M |
| Dividend Yield | 3.63% | 0.00% |
| Holdings | 32 | 18 |
| YTD Return | +7.97% | +10.66%Best |
| 1Y Return | +6.09% | +13.12%Best |
| 3Y Return (annualized) | - | +11.87% |
| 5Y Return (annualized) | - | +8.43% |
| Volatility (annualized) | 9.4% | 5.6%Best |
| Max Drawdown | -13.2% | -11.9%Best |
| $10,000 over 1.7 years | $11,314 | $11,636Best |
| Fund Family | TrueShares | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jan 27, 2025 | Mar 29, 2019 |
Not shown on this pair: 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).
ONEZ vs PAPR 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.
ONEZ vs PAPR Performance
TrueShares Seasonality Laddered Buffered ETF (ONEZ) is an ETF from TrueShares and Innovator US Equity Power Buffer ETF - April (PAPR) is an ETF from Innovator ETFs Trust. Over the past year ONEZ returned +6.09% while PAPR returned +13.12%. Year to date, ONEZ is up 7.97% versus a gain of 10.66% for PAPR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONEZ has been the more volatile fund, with annualized monthly volatility of 9.4% compared with 5.6% for PAPR. 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 -13.2% for ONEZ and -11.9% for PAPR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ONEZ charges 0.96% per year while PAPR charges 0.79%. On a $10,000 position that is $96 vs $79 annually, a gap of $17 per year that compounds over a long holding period. On income, ONEZ currently yields 3.63% against 0.00% for PAPR.
You are not choosing between two funds in isolation.
Whichever of ONEZ and PAPR 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, ONEZ or PAPR?
ONEZ has an expense ratio of 0.96% while PAPR charges 0.79%. PAPR is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, ONEZ or PAPR?
Over the past year ONEZ returned +6.09% vs +13.12% for PAPR, so PAPR leads on 1-year performance. Over the longest common window we track (2 years), ONEZ annualized +7.53% vs +9.32% for PAPR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ONEZ or PAPR?
ONEZ has been the more volatile fund at 9.4% annualized versus 5.6% for PAPR. Worst drawdown: ONEZ -13.2% vs PAPR -11.9%.
Should I hold both ONEZ and PAPR?
ONEZ and PAPR have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ONEZ or PAPR?
ONEZ yields 3.63% while PAPR yields 0.00%, so ONEZ currently pays the higher dividend yield.
Is PAPR better than ONEZ?
PAPR has a lower expense ratio. PAPR led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.