ONEZ vs YMAX
TrueShares Seasonality Laddered Buffered ETF vs YieldMax Universe Fund of Option Income ETF
Which is better, ONEZ or YMAX?
ONEZ has been ahead.
ONEZ has a lower expense ratio. ONEZ led over 1Y and the full window. YMAX is less concentrated, with 47.9% of the fund in its ten largest positions against 76.7%.
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 | YMAX |
|---|---|---|
| Expense Ratio | 0.96%Best | 1.33% |
| AUM | $356M | $370M |
| Dividend Yield | 3.63% | 70.90% |
| Holdings | 32 | 60 |
| YTD Return | +7.97%Best | +5.14% |
| 1Y Return | +6.09%Best | -3.33% |
| Volatility (annualized) | 9.4%Best | 21.5% |
| Max Drawdown | -13.2%Best | -26.1% |
| $10,000 over 1.7 years | $11,314Best | $11,199 |
| Top 10 Weight | 76.7% | 47.9%Best |
| Fund Family | TrueShares | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jan 27, 2025 | Jan 16, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized).
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 YMAX 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 YMAX Performance
TrueShares Seasonality Laddered Buffered ETF (ONEZ) is an ETF from TrueShares and YieldMax Universe Fund of Option Income ETF (YMAX) is an ETF from YieldMax ETF. Over the past year ONEZ returned +6.09% while YMAX returned -3.33%. Year to date, ONEZ is up 7.97% versus a gain of 5.14% for YMAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
YMAX has been the more volatile fund, with annualized monthly volatility of 21.5% 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 -13.2% for ONEZ and -26.1% for YMAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ONEZ charges 0.96% per year while YMAX charges 1.33%. On a $10,000 position that is $96 vs $133 annually, a gap of $37 per year that compounds over a long holding period. On income, ONEZ currently yields 3.63% against 70.90% for YMAX.
Holdings Overlap
We hold position weights for 16 holdings in ONEZ and 29 in YMAX, totalling 100.0% and 99.8% 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 16 positions we hold weights for in ONEZ and 29 in YMAX, against full books of 32 and 60.
What only one of them owns
Our book lists 29 positions for YMAX that do not appear in our book for ONEZ (99.8% of the fund), and 16 for ONEZ that do not appear in YMAX (100.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of ONEZ and YMAX 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 YMAX?
ONEZ has an expense ratio of 0.96% while YMAX charges 1.33%. ONEZ is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, ONEZ or YMAX?
Over the past year ONEZ returned +6.09% vs -3.33% for YMAX, so ONEZ leads on 1-year performance. Over the longest common window we track (2 years), ONEZ annualized +7.53% vs +6.89% for YMAX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ONEZ or YMAX?
YMAX has been the more volatile fund at 21.5% annualized versus 9.4% for ONEZ. Worst drawdown: ONEZ -13.2% vs YMAX -26.1%.
Should I hold both ONEZ and YMAX?
ONEZ and YMAX have a monthly-return correlation of 0.85, 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 YMAX?
ONEZ yields 3.63% while YMAX yields 70.90%, so YMAX currently pays the higher dividend yield.
Is YMAX better than ONEZ?
ONEZ has a lower expense ratio. ONEZ led over 1Y and the full window. YMAX is less concentrated, with 47.9% of the fund in its ten largest positions against 76.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.