AIVL vs. ONEY

Last updated Jun 5, 2026

AIVL (WisdomTree U.S. Al Enhanced Value Fund) and ONEY (SPDR Russell 1000 Yield Focus ETF) are both Mid Cap Value Equities funds. AIVL is actively managed, while ONEY is passively managed. Over the past 10 years, AIVL returned 8.24%/yr vs 12.11%/yr for ONEY. Their correlation of 0.81 suggests significant overlap in exposure. AIVL charges 0.38%/yr vs 0.20%/yr for ONEY.

Performance

AIVL vs. ONEY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Al Enhanced Value Fund (AIVL) and SPDR Russell 1000 Yield Focus ETF (ONEY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVL achieves a 10.60% return, which is significantly lower than ONEY's 14.95% return. Over the past 10 years, AIVL has underperformed ONEY with an annualized return of 8.24%, while ONEY has yielded a comparatively higher 12.11% annualized return.

AIVL

• 1D: 0.01%
• 1M: 2.83%
• YTD: 10.60%
• 6M: 11.55%
• 1Y: 16.62%
• 3Y*: 14.47%
• 5Y*: 7.05%
• 10Y*: 8.24%

ONEY

• 1D: 0.61%
• 1M: 3.09%
• YTD: 14.95%
• 6M: 15.14%
• 1Y: 24.97%
• 3Y*: 16.14%
• 5Y*: 8.88%
• 10Y*: 12.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIVL vs. ONEY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIVL WisdomTree U.S. Al Enhanced Value Fund	10.60%	9.72%	13.49%	7.17%	-7.26%	24.30%	-5.82%	24.40%	-9.57%	13.77%
ONEY SPDR Russell 1000 Yield Focus ETF	14.95%	7.74%	11.63%	11.12%	-3.60%	37.11%	2.17%	27.45%	-8.71%	15.46%

Correlation

The correlation between AIVL and ONEY is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 4, 2015	0.81

The correlation between AIVL and ONEY shifts across timeframes, from 0.81 (all time) to 0.92 (5 years), reflecting how their relationship changes across market environments.

AIVL vs. ONEY - Sectors Allocation Comparison

Sectors	AIVL	ONEY
Financial Services	18.2%	10.2%
Technology	17.9%	4.8%
Industrials	15.8%	13.9%
Healthcare	13.2%	3.8%
Utilities	9.3%	10.6%
Consumer Defensive	8.9%	12.2%
Basic Materials	5.7%	8.2%
Communication Services	4.3%	1.6%
Consumer Cyclical	3.5%	11.8%
Energy	2.4%	13.2%
Real Estate	0.9%	9.7%

Return for Risk

AIVL vs. ONEY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIVL

AIVL Risk / Return Rank: 45
AIVL Sharpe Ratio Rank: 43
AIVL Sortino Ratio Rank: 44
AIVL Omega Ratio Rank: 42
AIVL Calmar Ratio Rank: 44
AIVL Martin Ratio Rank: 51

ONEY

ONEY Risk / Return Rank: 64
ONEY Sharpe Ratio Rank: 62
ONEY Sortino Ratio Rank: 67
ONEY Omega Ratio Rank: 60
ONEY Calmar Ratio Rank: 67
ONEY Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIVL vs. ONEY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Al Enhanced Value Fund (AIVL) and SPDR Russell 1000 Yield Focus ETF (ONEY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AIVL	ONEY	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.03	-0.54
Sortino ratio: Return per unit of downside risk	2.18	3.03	-0.85
Omega ratio: Gain probability vs. loss probability	1.27	1.36	-0.09
Calmar ratio: Return relative to maximum drawdown	2.13	3.30	-1.17
Martin ratio: Return relative to average drawdown	8.60	11.89	-3.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIVL vs. ONEY - Sharpe Ratio Comparison

The current AIVL Sharpe Ratio is 1.49, which is comparable to the ONEY Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of AIVL and ONEY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIVL	ONEY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	2.03	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.55	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.61	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.62	-0.20

Drawdowns

AIVL vs. ONEY - Drawdown Comparison

The maximum AIVL drawdown since its inception was -62.48%, which is greater than ONEY's maximum drawdown of -46.80%. Use the drawdown chart below to compare losses from any high point for AIVL and ONEY.

Drawdown Indicators

	AIVL	ONEY	Difference
Max Drawdown Largest peak-to-trough decline	-62.48%	-46.80%	-15.68%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	-7.61%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-14.48%	-17.50%	+3.02%
Max Drawdown (5Y) Largest decline over 5 years	-19.08%	-18.93%	-0.15%
Max Drawdown (10Y) Largest decline over 10 years	-41.16%	-46.80%	+5.64%
Current Drawdown Current decline from peak	-0.22%	0.00%	-0.22%
Average Drawdown Average peak-to-trough decline	-7.91%	-4.98%	-2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	2.11%	-0.17%

Volatility

AIVL vs. ONEY - Volatility Comparison

WisdomTree U.S. Al Enhanced Value Fund (AIVL) has a higher volatility of 2.98% compared to SPDR Russell 1000 Yield Focus ETF (ONEY) at 2.68%. This indicates that AIVL's price experiences larger fluctuations and is considered to be riskier than ONEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIVL	ONEY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	2.68%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	8.62%	8.42%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	12.38%	-1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.72%	16.15%	-1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.34%	19.86%	-2.52%

AIVL vs. ONEY - Expense Ratio Comparison

AIVL has a 0.38% expense ratio, which is higher than ONEY's 0.20% expense ratio.

Dividends

AIVL vs. ONEY - Dividend Comparison

AIVL's dividend yield for the trailing twelve months is around 1.45%, less than ONEY's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVL WisdomTree U.S. Al Enhanced Value Fund	1.45%	1.61%	2.13%	2.43%	2.08%	2.75%	3.55%	3.25%	4.18%	3.16%	3.20%	3.41%
ONEY SPDR Russell 1000 Yield Focus ETF	2.80%	3.15%	3.18%	3.14%	3.17%	2.46%	2.74%	3.17%	3.72%	10.73%	6.31%	0.29%

Frequently Asked Questions

Can I hold both AIVL and ONEY in my portfolio?

AIVL and ONEY have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIVL or ONEY?

AIVL has higher volatility (2.98%) compared to ONEY (2.68%). In terms of maximum drawdown, AIVL dropped -62.48% vs ONEY's -46.80%.

Which ETF is better, AIVL or ONEY?

On 10-year performance, ONEY leads with 12.11% vs 8.24% for AIVL. On fees, ONEY is cheaper at 0.20% per year. On volatility, ONEY has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIVL or ONEY?

Over the 10-year period, ONEY has performed better with a 12.11% return vs 8.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIVL or ONEY?

ONEY is cheaper with a 0.20% expense ratio, compared with 0.38% for AIVL.

Which ETF pays a higher dividend yield, AIVL or ONEY?

ONEY has the higher dividend yield at 2.80%, compared with 1.45% for AIVL.

What is the main difference between AIVL and ONEY?

They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.38% for AIVL and 0.20% for ONEY.

Which has better risk-adjusted returns?

ONEY currently has the higher Sharpe Ratio (2.03 vs 1.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.