ONEO vs. PTMC
ONEO (SPDR Russell 1000 Momentum Focus ETF) and PTMC (Pacer Trendpilot US Mid Cap ETF) are both exchange-traded funds - ONEO is a Momentum fund tracking the Russell 1000 Momentum Focused Factor Index, while PTMC is a Mid Cap Blend Equities fund tracking the Pacer Trendpilot US Mid Cap Index. Both are passively managed. Over the past 10 years, ONEO returned 12.20%/yr vs 6.62%/yr for PTMC. A 0.73 correlation means they provide meaningful diversification when combined. ONEO charges 0.20%/yr vs 0.60%/yr for PTMC.
Performance
ONEO vs. PTMC - Performance Comparison
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Returns By Period
In the year-to-date period, ONEO achieves a 17.68% return, which is significantly higher than PTMC's 15.28% return. Over the past 10 years, ONEO has outperformed PTMC with an annualized return of 12.20%, while PTMC has yielded a comparatively lower 6.62% annualized return.
ONEO
- 1D
- 0.28%
- 1M
- 3.11%
- YTD
- 17.68%
- 6M
- 15.75%
- 1Y
- 25.56%
- 3Y*
- 18.68%
- 5Y*
- 10.49%
- 10Y*
- 12.20%
PTMC
- 1D
- 0.66%
- 1M
- 3.26%
- YTD
- 15.28%
- 6M
- 12.97%
- 1Y
- 20.13%
- 3Y*
- 10.95%
- 5Y*
- 4.00%
- 10Y*
- 6.62%
ONEO vs. PTMC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONEO SPDR Russell 1000 Momentum Focus ETF | 17.68% | 10.61% | 15.01% | 15.64% | -12.01% | 26.72% | 10.76% | 26.53% | -12.41% | 21.16% |
PTMC Pacer Trendpilot US Mid Cap ETF | 15.28% | -1.55% | 13.22% | 7.29% | -13.99% | 12.42% | 6.58% | 1.04% | 0.02% | 17.79% |
Correlation
The correlation between ONEO and PTMC is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.73 |
Over the past year, ONEO and PTMC have become more correlated (0.94) than their long-term average of 0.73, meaning their price movements have been converging.
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Return for Risk
ONEO vs. PTMC — Risk / Return Rank
ONEO
PTMC
ONEO vs. PTMC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Momentum Focus ETF (ONEO) and Pacer Trendpilot US Mid Cap ETF (PTMC). 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 | PTMC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 2.27 | +1.21 |
| Martin ratioReturn relative to average drawdown | 13.64 | 8.29 | +5.36 |
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Drawdowns
ONEO vs. PTMC - Drawdown Comparison
The maximum ONEO drawdown since its inception was -40.86%, which is greater than PTMC's maximum drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for ONEO and PTMC.
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Drawdown Indicators
| ONEO | PTMC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.86% | -20.53% | -20.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -8.89% | +1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -19.72% | -15.31% | -4.41% |
Max Drawdown (5Y)Largest decline over 5 years | -22.39% | -16.93% | -5.46% |
Max Drawdown (10Y)Largest decline over 10 years | -40.86% | -20.53% | -20.33% |
Current DrawdownCurrent decline from peak | -1.12% | -0.51% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -6.44% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.44% | -0.56% |
Volatility
ONEO vs. PTMC - Volatility Comparison
SPDR Russell 1000 Momentum Focus ETF (ONEO) has a higher volatility of 4.87% compared to Pacer Trendpilot US Mid Cap ETF (PTMC) at 4.54%. This indicates that ONEO's price experiences larger fluctuations and is considered to be riskier than PTMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONEO | PTMC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 4.54% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | 11.79% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.36% | 15.71% | -2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 13.25% | +4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.69% | 12.97% | +5.72% |
ONEO vs. PTMC - Expense Ratio Comparison
ONEO has a 0.20% expense ratio, which is lower than PTMC's 0.60% expense ratio.
Dividends
ONEO vs. PTMC - Dividend Comparison
ONEO's dividend yield for the trailing twelve months is around 1.19%, less than PTMC's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONEO SPDR Russell 1000 Momentum Focus ETF | 1.19% | 1.29% | 1.30% | 1.56% | 1.73% | 1.19% | 1.28% | 1.64% | 1.72% | 7.69% | 1.82% | 0.17% |
PTMC Pacer Trendpilot US Mid Cap ETF | 1.60% | 1.84% | 0.87% | 1.92% | 0.82% | 0.12% | 0.53% | 1.40% | 0.89% | 0.67% | 0.66% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, ONEO and PTMC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ONEO has higher volatility (4.87%) compared to PTMC (4.54%). In terms of maximum drawdown, ONEO dropped -40.86% vs PTMC's -20.53%.
On 10-year performance, ONEO leads with 12.20% vs 6.62% for PTMC. On fees, ONEO is cheaper at 0.20% per year. On volatility, PTMC has been the lower-risk option at 4.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ONEO has performed better with a 12.20% return vs 6.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ONEO is cheaper with a 0.20% expense ratio, compared with 0.60% for PTMC.
PTMC has the higher dividend yield at 1.60%, compared with 1.19% for ONEO.
ONEO is categorized as Momentum, while PTMC is Mid Cap Blend Equities. ONEO tracks Russell 1000 Momentum Focused Factor Index, while PTMC tracks Pacer Trendpilot US Mid Cap Index. They also come from different issuers: State Street and Pacer. Their fees differ too: 0.20% for ONEO and 0.60% for PTMC.
ONEO currently has the higher Sharpe Ratio (1.92 vs 1.29), 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.
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