ONEZ vs ZSEP
TrueShares Seasonality Laddered Buffered ETF vs Innovator Equity Defined Protection ETF - 1 Yr September
Which is better, ONEZ or ZSEP?
ONEZ has been ahead.
ZSEP has a lower expense ratio. ONEZ 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 | ZSEP |
|---|---|---|
| Expense Ratio | 0.96% | 0.79%Best |
| AUM | $356M | $238M |
| Dividend Yield | 3.63% | 0.00% |
| Holdings | 32 | 20 |
| YTD Return | +8.24%Best | +4.46% |
| 1Y Return | +6.06%Best | +5.70% |
| Volatility (annualized) | 9.4% | 2.7%Best |
| Max Drawdown | -13.2% | -4.0%Best |
| $10,000 over 1.7 years | $11,340Best | $11,086 |
| Fund Family | TrueShares | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jan 27, 2025 | Aug 31, 2024 |
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 15, 2026 (1.7 years).
ONEZ vs ZSEP 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 ZSEP Performance
TrueShares Seasonality Laddered Buffered ETF (ONEZ) is an ETF from TrueShares and Innovator Equity Defined Protection ETF - 1 Yr September (ZSEP) is an ETF from Innovator ETFs Trust. Over the past year ONEZ returned +6.06% while ZSEP returned +5.70%. Year to date, ONEZ is up 8.24% versus a gain of 4.46% for ZSEP.
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 2.7% for ZSEP. 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 -4.0% for ZSEP. 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 ZSEP 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 ZSEP.
Holdings Overlap
We hold position weights for 16 holdings in ONEZ and 1 in ZSEP, totalling 100.0% and 98.7% 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 1 in ZSEP, against full books of 32 and 20.
You are not choosing between two funds in isolation.
Whichever of ONEZ and ZSEP 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 ZSEP?
ONEZ has an expense ratio of 0.96% while ZSEP charges 0.79%. ZSEP is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, ONEZ or ZSEP?
Over the past year ONEZ returned +6.06% vs +5.70% for ZSEP, so ONEZ leads on 1-year performance. Over the longest common window we track (2 years), ONEZ annualized +7.68% vs +6.25% for ZSEP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ONEZ or ZSEP?
ONEZ has been the more volatile fund at 9.4% annualized versus 2.7% for ZSEP. Worst drawdown: ONEZ -13.2% vs ZSEP -4.0%.
Should I hold both ONEZ and ZSEP?
ONEZ and ZSEP 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 ZSEP?
ONEZ yields 3.63% while ZSEP yields 0.00%, so ONEZ currently pays the higher dividend yield.
Is ZSEP better than ONEZ?
ZSEP has a lower expense ratio. ONEZ 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.