ONEO vs. ONEY
Compare and contrast key facts about SPDR Russell 1000 Momentum Focus ETF (ONEO) and SPDR Russell 1000 Yield Focus ETF (ONEY).
ONEO and ONEY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ONEY is a passively managed fund by State Street that tracks the performance of the Russell 1000 Yield Focused Factor (TR). It was launched on Dec 2, 2015. Both ONEO and ONEY 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: ONEO or ONEY.
Performance
ONEO vs. ONEY - Performance Comparison
Returns By Period
In the year-to-date period, ONEO achieves a 18.78% return, which is significantly higher than ONEY's 15.96% return.
ONEO
18.78%
1.13%
9.58%
28.90%
11.83%
N/A
ONEY
15.96%
0.46%
7.91%
26.81%
12.68%
N/A
Key characteristics
| ONEO | ONEY | |
|---|---|---|
| Sharpe Ratio | 2.18 | 2.21 |
| Sortino Ratio | 3.03 | 3.13 |
| Omega Ratio | 1.37 | 1.38 |
| Calmar Ratio | 3.82 | 3.74 |
| Martin Ratio | 10.93 | 12.17 |
| Ulcer Index | 2.65% | 2.30% |
| Daily Std Dev | 13.26% | 12.65% |
| Max Drawdown | -40.86% | -46.80% |
| Current Drawdown | -2.30% | -1.04% |
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ONEO vs. ONEY - Expense Ratio Comparison
Both ONEO and ONEY have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between ONEO and ONEY is 0.81, 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. ONEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Momentum Focus ETF (ONEO) and SPDR Russell 1000 Yield Focus ETF (ONEY). 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. ONEY - Dividend Comparison
ONEO's dividend yield for the trailing twelve months is around 1.22%, less than ONEY's 3.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONEO SPDR Russell 1000 Momentum Focus ETF | 1.22% | 1.56% | 1.74% | 1.19% | 1.28% | 1.63% | 1.72% | 7.69% | 1.82% | 0.10% |
ONEY SPDR Russell 1000 Yield Focus ETF | 3.00% | 3.14% | 3.17% | 2.46% | 2.74% | 3.17% | 3.72% | 10.73% | 3.19% | 0.29% |
Drawdowns
ONEO vs. ONEY - Drawdown Comparison
The maximum ONEO drawdown since its inception was -40.86%, smaller than the maximum ONEY drawdown of -46.80%. Use the drawdown chart below to compare losses from any high point for ONEO and ONEY. For additional features, visit the drawdowns tool.
Volatility
ONEO vs. ONEY - Volatility Comparison
SPDR Russell 1000 Momentum Focus ETF (ONEO) has a higher volatility of 4.17% compared to SPDR Russell 1000 Yield Focus ETF (ONEY) at 3.66%. This indicates that ONEO's price experiences larger fluctuations and is considered to be riskier than ONEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.