ONEO vs. FTDS

Last updated Jun 5, 2026

ONEO (SPDR Russell 1000 Momentum Focus ETF) and FTDS (First Trust Dividend Strength ETF) are both exchange-traded funds - ONEO is a Momentum fund tracking the Russell 1000 Momentum Focused Factor Index, while FTDS is a Mid Cap Blend Equities fund tracking the Dividend Strength Index. Both are passively managed. Over the past 10 years, ONEO returned 11.86%/yr vs 10.84%/yr for FTDS. A 0.74 correlation means they provide meaningful diversification when combined. ONEO charges 0.20%/yr vs 0.70%/yr for FTDS.

Performance

ONEO vs. FTDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Russell 1000 Momentum Focus ETF (ONEO) and First Trust Dividend Strength ETF (FTDS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONEO achieves a 17.96% return, which is significantly higher than FTDS's 7.45% return. Over the past 10 years, ONEO has outperformed FTDS with an annualized return of 11.86%, while FTDS has yielded a comparatively lower 10.84% annualized return.

ONEO

• 1D: 0.09%
• 1M: 5.26%
• YTD: 17.96%
• 6M: 18.18%
• 1Y: 28.01%
• 3Y*: 19.64%
• 5Y*: 10.52%
• 10Y*: 11.86%

FTDS

• 1D: 0.85%
• 1M: -1.71%
• YTD: 7.45%
• 6M: 7.32%
• 1Y: 19.84%
• 3Y*: 16.73%
• 5Y*: 6.50%
• 10Y*: 10.84%

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

ONEO vs. FTDS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ONEO SPDR Russell 1000 Momentum Focus ETF	17.96%	10.61%	15.01%	15.64%	-12.01%	26.72%	10.76%	26.53%	-12.41%	21.16%
FTDS First Trust Dividend Strength ETF	7.45%	13.64%	11.12%	11.75%	-13.54%	24.79%	14.16%	24.29%	-10.35%	20.07%

Correlation

The correlation between ONEO and FTDS is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Dec 4, 2015	0.74

The correlation between ONEO and FTDS shifts across timeframes, from 0.74 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.

ONEO vs. FTDS - Sectors Allocation Comparison

Sectors	ONEO	FTDS
Technology	21.9%	9.4%
Industrials	18.0%	19.8%
Consumer Cyclical	11.6%	3.4%
Healthcare	9.5%	9.4%
Financial Services	9.4%	27.9%
Energy	7.3%	20.2%
Utilities	5.8%	-
Consumer Defensive	5.4%	1.9%
Basic Materials	4.7%	8.0%
Communication Services	3.6%	-
Real Estate	2.9%	-

Return for Risk

ONEO vs. FTDS — Risk / Return Rank

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

ONEO

ONEO Risk / Return Rank: 72
ONEO Sharpe Ratio Rank: 68
ONEO Sortino Ratio Rank: 70
ONEO Omega Ratio Rank: 65
ONEO Calmar Ratio Rank: 77
ONEO Martin Ratio Rank: 79

FTDS

FTDS Risk / Return Rank: 49
FTDS Sharpe Ratio Rank: 45
FTDS Sortino Ratio Rank: 48
FTDS Omega Ratio Rank: 43
FTDS Calmar Ratio Rank: 62
FTDS Martin Ratio Rank: 49

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. FTDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Momentum Focus ETF (ONEO) and First Trust Dividend Strength ETF (FTDS). 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.

	ONEO	FTDS	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.55	+0.65
Sortino ratio: Return per unit of downside risk	3.14	2.34	+0.81
Omega ratio: Gain probability vs. loss probability	1.39	1.27	+0.11
Calmar ratio: Return relative to maximum drawdown	3.82	3.03	+0.79
Martin ratio: Return relative to average drawdown	15.14	8.12	+7.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ONEO vs. FTDS - Sharpe Ratio Comparison

The current ONEO Sharpe Ratio is 2.20, which is higher than the FTDS Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of ONEO and FTDS, 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

	ONEO	FTDS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	1.55	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.37	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.54	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.32	+0.31

Drawdowns

ONEO vs. FTDS - Drawdown Comparison

The maximum ONEO drawdown since its inception was -40.86%, smaller than the maximum FTDS drawdown of -56.53%. Use the drawdown chart below to compare losses from any high point for ONEO and FTDS.

Drawdown Indicators

	ONEO	FTDS	Difference
Max Drawdown Largest peak-to-trough decline	-40.86%	-56.53%	+15.67%
Max Drawdown (1Y) Largest decline over 1 year	-7.37%	-6.57%	-0.80%
Max Drawdown (3Y) Largest decline over 3 years	-19.72%	-18.04%	-1.68%
Max Drawdown (5Y) Largest decline over 5 years	-22.39%	-23.35%	+0.96%
Max Drawdown (10Y) Largest decline over 10 years	-40.86%	-42.47%	+1.61%
Current Drawdown Current decline from peak	0.00%	-3.65%	+3.65%
Average Drawdown Average peak-to-trough decline	-4.99%	-9.87%	+4.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	2.45%	-0.59%

Volatility

ONEO vs. FTDS - Volatility Comparison

SPDR Russell 1000 Momentum Focus ETF (ONEO) and First Trust Dividend Strength ETF (FTDS) have volatilities of 3.67% and 3.58%, 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.

Volatility by Period

	ONEO	FTDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	3.58%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	9.66%	8.90%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	12.81%	12.90%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.21%	17.65%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.66%	20.14%	-1.48%

ONEO vs. FTDS - Expense Ratio Comparison

ONEO has a 0.20% expense ratio, which is lower than FTDS's 0.70% expense ratio.

Dividends

ONEO vs. FTDS - Dividend Comparison

ONEO's dividend yield for the trailing twelve months is around 1.16%, less than FTDS's 1.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTDS First Trust Dividend Strength ETF	1.64%	1.59%	2.05%	2.15%	2.31%	0.72%	0.99%	1.13%	1.14%	0.79%	1.24%	0.95%
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 FTDS in my portfolio?

ONEO and FTDS have a correlation of 0.74, 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 FTDS?

ONEO has higher volatility (3.67%) compared to FTDS (3.58%). In terms of maximum drawdown, ONEO dropped -40.86% vs FTDS's -56.53%.

Which ETF is better, ONEO or FTDS?

On 10-year performance, ONEO leads with 11.86% vs 10.84% for FTDS. On fees, ONEO is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ONEO or FTDS?

Over the 10-year period, ONEO has performed better with a 11.86% return vs 10.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ONEO or FTDS?

ONEO is cheaper with a 0.20% expense ratio, compared with 0.70% for FTDS.

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

FTDS has the higher dividend yield at 1.64%, compared with 1.16% for ONEO.

What is the main difference between ONEO and FTDS?

ONEO is categorized as Momentum, while FTDS is Mid Cap Blend Equities. ONEO tracks Russell 1000 Momentum Focused Factor Index, while FTDS tracks Dividend Strength Index. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.20% for ONEO and 0.70% for FTDS.

Which has better risk-adjusted returns?

ONEO currently has the higher Sharpe Ratio (2.20 vs 1.55), 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.