ONEO vs. AGTHX

Last updated Jun 21, 2026

ONEO (SPDR Russell 1000 Momentum Focus ETF) and AGTHX (American Funds The Growth Fund of America Class A) are both funds - ONEO is a Momentum fund tracking the Russell 1000 Momentum Focused Factor Index, while AGTHX is a Large Cap Growth Equities fund actively managed by Capital Group. ONEO is passively managed, while AGTHX is actively managed. Over the past 10 years, ONEO returned 12.05%/yr vs 16.02%/yr for AGTHX. A 0.80 correlation means they provide meaningful diversification when combined. ONEO charges 0.20%/yr vs 0.59%/yr for AGTHX.

Performance

ONEO vs. AGTHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Russell 1000 Momentum Focus ETF (ONEO) and American Funds The Growth Fund of America Class A (AGTHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONEO achieves a 18.09% return, which is significantly higher than AGTHX's 9.30% return. Over the past 10 years, ONEO has underperformed AGTHX with an annualized return of 12.05%, while AGTHX has yielded a comparatively higher 16.02% annualized return.

ONEO

• 1D: 0.87%
• 1M: 3.48%
• YTD: 18.09%
• 6M: 17.15%
• 1Y: 28.38%
• 3Y*: 18.04%
• 5Y*: 11.28%
• 10Y*: 12.05%

AGTHX

• 1D: 1.78%
• 1M: 2.49%
• YTD: 9.30%
• 6M: 9.62%
• 1Y: 24.65%
• 3Y*: 23.64%
• 5Y*: 11.98%
• 10Y*: 16.02%

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

ONEO vs. AGTHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ONEO SPDR Russell 1000 Momentum Focus ETF	18.09%	10.61%	15.01%	15.64%	-12.01%	26.72%	10.76%	26.53%	-12.41%	21.16%
AGTHX American Funds The Growth Fund of America Class A	9.30%	19.73%	28.02%	37.22%	-30.75%	19.32%	37.83%	28.16%	-3.15%	26.14%

Correlation

The correlation between ONEO and AGTHX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015	0.80

The correlation between ONEO and AGTHX shifts across timeframes, from 0.72 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ONEO vs. AGTHX — Risk / Return Rank

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

ONEO

ONEO Risk / Return Rank: 74
ONEO Sharpe Ratio Rank: 71
ONEO Sortino Ratio Rank: 72
ONEO Omega Ratio Rank: 67
ONEO Calmar Ratio Rank: 79
ONEO Martin Ratio Rank: 81

AGTHX

AGTHX Risk / Return Rank: 31
AGTHX Sharpe Ratio Rank: 33
AGTHX Sortino Ratio Rank: 30
AGTHX Omega Ratio Rank: 33
AGTHX Calmar Ratio Rank: 27
AGTHX Martin Ratio Rank: 33

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.

ONEO vs. AGTHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Momentum Focus ETF (ONEO) and American Funds The Growth Fund of America Class A (AGTHX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ONEO	AGTHX	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.49	+0.66
Sortino ratio: Return per unit of downside risk	3.06	2.06	+0.99
Omega ratio: Gain probability vs. loss probability	1.38	1.27	+0.10
Calmar ratio: Return relative to maximum drawdown	3.90	1.77	+2.13
Martin ratio: Return relative to average drawdown	15.28	6.75	+8.53

ONEO vs. AGTHX - Sharpe Ratio Comparison

The current ONEO Sharpe Ratio is 2.16, which is higher than the AGTHX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of ONEO and AGTHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ONEO vs. AGTHX - Drawdown Comparison

The maximum ONEO drawdown since its inception was -40.86%, smaller than the maximum AGTHX drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for ONEO and AGTHX.

Drawdown Indicators

	ONEO	AGTHX	Difference
Max Drawdown Largest peak-to-trough decline	-40.86%	-51.91%	+11.05%
Max Drawdown (1Y) Largest decline over 1 year	-7.37%	-13.76%	+6.39%
Max Drawdown (3Y) Largest decline over 3 years	-19.72%	-21.57%	+1.85%
Max Drawdown (5Y) Largest decline over 5 years	-22.39%	-36.38%	+13.99%
Max Drawdown (10Y) Largest decline over 10 years	-40.86%	-36.38%	-4.48%
Current Drawdown Current decline from peak	-0.77%	-1.05%	+0.28%
Average Drawdown Average peak-to-trough decline	-4.98%	-9.19%	+4.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	3.59%	-1.71%

Volatility

ONEO vs. AGTHX - Volatility Comparison

The current volatility for SPDR Russell 1000 Momentum Focus ETF (ONEO) is 4.90%, while American Funds The Growth Fund of America Class A (AGTHX) has a volatility of 6.90%. This indicates that ONEO experiences smaller price fluctuations and is considered to be less risky than AGTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONEO	AGTHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	6.90%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	10.36%	13.13%	-2.77%
Volatility (1Y) Calculated over the trailing 1-year period	13.32%	16.27%	-2.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	20.43%	-3.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.70%	19.78%	-1.08%

ONEO vs. AGTHX - Expense Ratio Comparison

ONEO has a 0.20% expense ratio, which is lower than AGTHX's 0.59% expense ratio.

Dividends

ONEO vs. AGTHX - Dividend Comparison

ONEO's dividend yield for the trailing twelve months is around 1.16%, less than AGTHX's 9.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGTHX American Funds The Growth Fund of America Class A	9.78%	10.69%	8.99%	7.40%	4.05%	8.18%	4.30%	7.15%	11.99%	7.03%	6.61%	8.87%
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 ONEO and AGTHX in my portfolio?

ONEO and AGTHX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ONEO or AGTHX?

AGTHX has higher volatility (6.90%) compared to ONEO (4.90%). In terms of maximum drawdown, ONEO dropped -40.86% vs AGTHX's -51.91%.

Which has better risk-adjusted returns?

ONEO currently has the higher Sharpe Ratio (2.16 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.