ONEO vs. AGTHX
Compare and contrast key facts about SPDR Russell 1000 Momentum Focus ETF (ONEO) and American Funds The Growth Fund of America Class A (AGTHX).
ONEO is a passively managed fund by State Street that tracks the performance of the Russell 1000 Momentum Focused Factor Index. It was launched on Dec 2, 2015. AGTHX is managed by Equity. It was launched on Dec 1, 1973.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONEO or AGTHX.
Performance
ONEO vs. AGTHX - Performance Comparison
Returns By Period
In the year-to-date period, ONEO achieves a 19.43% return, which is significantly lower than AGTHX's 28.39% return.
ONEO
19.43%
2.68%
11.17%
29.35%
12.02%
N/A
AGTHX
28.39%
2.35%
13.25%
36.72%
15.33%
13.49%
Key characteristics
| ONEO | AGTHX | |
|---|---|---|
| Sharpe Ratio | 2.24 | 2.40 |
| Sortino Ratio | 3.10 | 3.18 |
| Omega Ratio | 1.38 | 1.43 |
| Calmar Ratio | 4.24 | 2.06 |
| Martin Ratio | 11.16 | 15.46 |
| Ulcer Index | 2.65% | 2.34% |
| Daily Std Dev | 13.23% | 15.07% |
| Max Drawdown | -40.86% | -65.35% |
| Current Drawdown | -1.77% | -1.60% |
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ONEO vs. AGTHX - Expense Ratio Comparison
ONEO has a 0.20% expense ratio, which is lower than AGTHX's 0.61% expense ratio.
Correlation
The correlation between ONEO and AGTHX is 0.80, 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.
Risk-Adjusted Performance
ONEO vs. AGTHX - Risk-Adjusted Performance 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.
Dividends
ONEO vs. AGTHX - Dividend Comparison
ONEO's dividend yield for the trailing twelve months is around 1.21%, less than AGTHX's 5.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONEO SPDR Russell 1000 Momentum Focus ETF | 1.21% | 1.56% | 1.74% | 1.19% | 1.28% | 1.63% | 1.72% | 7.69% | 1.82% | 0.10% | 0.00% | 0.00% |
AGTHX American Funds The Growth Fund of America Class A | 5.30% | 6.81% | 0.75% | 8.18% | 4.55% | 7.89% | 12.71% | 7.54% | 6.61% | 8.87% | 9.90% | 6.71% |
Drawdowns
ONEO vs. AGTHX - Drawdown Comparison
The maximum ONEO drawdown since its inception was -40.86%, smaller than the maximum AGTHX drawdown of -65.35%. Use the drawdown chart below to compare losses from any high point for ONEO and AGTHX. For additional features, visit the drawdowns tool.
Volatility
ONEO vs. AGTHX - Volatility Comparison
The current volatility for SPDR Russell 1000 Momentum Focus ETF (ONEO) is 3.95%, while American Funds The Growth Fund of America Class A (AGTHX) has a volatility of 4.81%. 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.