GLRY vs. ONEO

Last updated Jun 4, 2026

GLRY (Inspire Faithward Mid Cap Momentum ESG ETF) and ONEO (SPDR Russell 1000 Momentum Focus ETF) are both Momentum funds. GLRY is actively managed, while ONEO is passively managed. Over the past 5 years, GLRY returned 8.81%/yr vs 10.50%/yr for ONEO. Their correlation of 0.87 suggests significant overlap in exposure. GLRY charges 0.85%/yr vs 0.20%/yr for ONEO.

Performance

GLRY vs. ONEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) and SPDR Russell 1000 Momentum Focus ETF (ONEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with GLRY having a 17.07% return and ONEO slightly higher at 17.85%.

GLRY

• 1D: 0.36%
• 1M: 2.25%
• YTD: 17.07%
• 6M: 15.71%
• 1Y: 29.59%
• 3Y*: 20.95%
• 5Y*: 8.81%
• 10Y*: —

ONEO

• 1D: 0.19%
• 1M: 6.36%
• YTD: 17.85%
• 6M: 18.38%
• 1Y: 27.50%
• 3Y*: 19.36%
• 5Y*: 10.50%
• 10Y*: 11.94%

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

GLRY vs. ONEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GLRY Inspire Faithward Mid Cap Momentum ESG ETF	17.07%	16.50%	16.59%	19.58%	-22.50%	15.97%	4.13%
ONEO SPDR Russell 1000 Momentum Focus ETF	17.85%	10.61%	15.01%	15.64%	-12.01%	26.72%	1.75%

Correlation

The correlation between GLRY and ONEO is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020	0.87

The correlation between GLRY and ONEO shifts across timeframes, from 0.78 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.

GLRY vs. ONEO - Sectors Allocation Comparison

Sectors	GLRY	ONEO
Technology	32.3%	21.9%
Industrials	24.6%	18.0%
Consumer Cyclical	11.9%	11.6%
Financial Services	10.2%	9.4%
Healthcare	8.1%	9.5%
Utilities	3.0%	5.8%
Real Estate	2.6%	2.9%
Energy	2.5%	7.3%
Basic Materials	1.8%	4.7%
Communication Services	1.6%	3.6%
Consumer Defensive	1.4%	5.4%

Return for Risk

GLRY vs. ONEO — Risk / Return Rank

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

GLRY

GLRY Risk / Return Rank: 49
GLRY Sharpe Ratio Rank: 46
GLRY Sortino Ratio Rank: 44
GLRY Omega Ratio Rank: 46
GLRY Calmar Ratio Rank: 55
GLRY Martin Ratio Rank: 55

ONEO

ONEO Risk / Return Rank: 69
ONEO Sharpe Ratio Rank: 64
ONEO Sortino Ratio Rank: 66
ONEO Omega Ratio Rank: 61
ONEO Calmar Ratio Rank: 75
ONEO Martin Ratio Rank: 77

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.

GLRY vs. ONEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) and SPDR Russell 1000 Momentum Focus ETF (ONEO). 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.

	GLRY	ONEO	Difference
Sharpe ratio: Return per unit of total volatility	1.64	2.16	-0.52
Sortino ratio: Return per unit of downside risk	2.24	3.09	-0.85
Omega ratio: Gain probability vs. loss probability	1.29	1.38	-0.08
Calmar ratio: Return relative to maximum drawdown	2.73	3.75	-1.02
Martin ratio: Return relative to average drawdown	9.48	14.86	-5.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLRY vs. ONEO - Sharpe Ratio Comparison

The current GLRY Sharpe Ratio is 1.64, which is comparable to the ONEO Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of GLRY and ONEO, 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

	GLRY	ONEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	2.16	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.61	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.63	-0.11

Drawdowns

GLRY vs. ONEO - Drawdown Comparison

The maximum GLRY drawdown since its inception was -40.60%, roughly equal to the maximum ONEO drawdown of -40.86%. Use the drawdown chart below to compare losses from any high point for GLRY and ONEO.

Drawdown Indicators

	GLRY	ONEO	Difference
Max Drawdown Largest peak-to-trough decline	-40.60%	-40.86%	+0.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.89%	-7.37%	-3.52%
Max Drawdown (3Y) Largest decline over 3 years	-20.50%	-19.72%	-0.78%
Max Drawdown (5Y) Largest decline over 5 years	-34.63%	-22.39%	-12.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.86%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-16.04%	-5.00%	-11.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	1.86%	+1.27%

Volatility

GLRY vs. ONEO - Volatility Comparison

Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) has a higher volatility of 5.62% compared to SPDR Russell 1000 Momentum Focus ETF (ONEO) at 3.77%. This indicates that GLRY's price experiences larger fluctuations and is considered to be riskier than ONEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLRY	ONEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	3.77%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	15.14%	9.66%	+5.48%
Volatility (1Y) Calculated over the trailing 1-year period	18.19%	12.84%	+5.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.06%	17.22%	+2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.41%	18.66%	+2.75%

GLRY vs. ONEO - Expense Ratio Comparison

GLRY has a 0.85% expense ratio, which is higher than ONEO's 0.20% expense ratio.

Dividends

GLRY vs. ONEO - Dividend Comparison

GLRY's dividend yield for the trailing twelve months is around 0.24%, less than ONEO's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLRY Inspire Faithward Mid Cap Momentum ESG ETF	0.24%	0.34%	0.52%	1.07%	1.04%	4.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ONEO SPDR Russell 1000 Momentum Focus ETF	1.16%	1.29%	1.30%	1.56%	1.73%	1.19%	1.28%	1.64%	1.72%	7.69%	1.82%	0.17%

Frequently Asked Questions

Can I hold both GLRY and ONEO in my portfolio?

GLRY and ONEO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLRY or ONEO?

GLRY has higher volatility (5.62%) compared to ONEO (3.77%). In terms of maximum drawdown, GLRY dropped -40.60% vs ONEO's -40.86%.

Which ETF is better, GLRY or ONEO?

On 5-year performance, ONEO leads with 10.50% vs 8.81% for GLRY. On fees, ONEO is cheaper at 0.20% per year. On volatility, ONEO has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLRY or ONEO?

Over the 5-year period, ONEO has performed better with a 10.50% return vs 8.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLRY or ONEO?

ONEO is cheaper with a 0.20% expense ratio, compared with 0.85% for GLRY.

Which ETF pays a higher dividend yield, GLRY or ONEO?

ONEO has the higher dividend yield at 1.16%, compared with 0.24% for GLRY.

What is the main difference between GLRY and ONEO?

They also come from different issuers: Inspire and State Street. Their fees differ too: 0.85% for GLRY and 0.20% for ONEO.

Which has better risk-adjusted returns?

ONEO currently has the higher Sharpe Ratio (2.16 vs 1.64), 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.