AUSF vs. ONEV
Compare and contrast key facts about Global X Adaptive U.S. Factor ETF (AUSF) and SPDR Russell 1000 Low Volatility Focus ETF (ONEV).
AUSF and ONEV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AUSF is a passively managed fund by Global X that tracks the performance of the Adaptive Wealth Strategies U.S. Factor Index (USD). It was launched on Aug 24, 2018. ONEV is a passively managed fund by State Street that tracks the performance of the Russell 1000 Low Volatility Focused Factor (TR). It was launched on Dec 2, 2015. Both AUSF and ONEV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AUSF or ONEV.
Key characteristics
| AUSF | ONEV | |
|---|---|---|
| YTD Return | 5.71% | 3.02% |
| 1Y Return | 32.92% | 14.56% |
| 3Y Return (Ann) | 12.03% | 5.87% |
| 5Y Return (Ann) | 12.60% | 10.35% |
| Sharpe Ratio | 2.45 | 1.22 |
| Daily Std Dev | 13.08% | 11.56% |
| Max Drawdown | -44.24% | -39.72% |
| Current Drawdown | -4.28% | -5.43% |
Correlation
The correlation between AUSF and ONEV is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AUSF vs. ONEV - Performance Comparison
In the year-to-date period, AUSF achieves a 5.71% return, which is significantly higher than ONEV's 3.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AUSF vs. ONEV - Expense Ratio Comparison
AUSF has a 0.27% expense ratio, which is higher than ONEV's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
AUSF vs. ONEV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Adaptive U.S. Factor ETF (AUSF) and SPDR Russell 1000 Low Volatility Focus ETF (ONEV). 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.
Dividends
AUSF vs. ONEV - Dividend Comparison
AUSF's dividend yield for the trailing twelve months is around 1.79%, which matches ONEV's 1.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUSF Global X Adaptive U.S. Factor ETF | 1.79% | 1.83% | 1.99% | 2.22% | 2.95% | 4.02% | 1.46% | 0.00% | 0.00% | 0.00% |
ONEV SPDR Russell 1000 Low Volatility Focus ETF | 1.78% | 1.79% | 1.80% | 1.44% | 1.87% | 2.07% | 2.14% | 6.91% | 2.02% | 0.08% |
Drawdowns
AUSF vs. ONEV - Drawdown Comparison
The maximum AUSF drawdown since its inception was -44.24%, which is greater than ONEV's maximum drawdown of -39.72%. Use the drawdown chart below to compare losses from any high point for AUSF and ONEV. For additional features, visit the drawdowns tool.
Volatility
AUSF vs. ONEV - Volatility Comparison
Global X Adaptive U.S. Factor ETF (AUSF) and SPDR Russell 1000 Low Volatility Focus ETF (ONEV) have volatilities of 3.21% and 3.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.