Correlation
The correlation between ONEO and QMOM is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
ONEO vs. QMOM
Compare and contrast key facts about SPDR Russell 1000 Momentum Focus ETF (ONEO) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM).
ONEO and QMOM 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. QMOM is a passively managed fund by EMPIRICAL FINANCE LLC that tracks the performance of the Alpha Architect Quantity Momentum (USD)(TR). It was launched on Dec 2, 2015. Both ONEO and QMOM 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 QMOM.
Performance
ONEO vs. QMOM - Performance Comparison
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Key characteristics
ONEO:
0.57
QMOM:
0.13
ONEO:
0.78
QMOM:
0.31
ONEO:
1.10
QMOM:
1.04
ONEO:
0.44
QMOM:
0.10
ONEO:
1.45
QMOM:
0.26
ONEO:
5.91%
QMOM:
9.65%
ONEO:
18.87%
QMOM:
26.47%
ONEO:
-40.86%
QMOM:
-39.13%
ONEO:
-6.20%
QMOM:
-13.52%
Returns By Period
In the year-to-date period, ONEO achieves a 1.18% return, which is significantly higher than QMOM's -4.44% return.
ONEO
1.18%
5.12%
-5.70%
10.59%
9.34%
13.74%
N/A
QMOM
-4.44%
3.78%
-12.47%
3.37%
9.11%
13.04%
N/A
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ONEO vs. QMOM - Expense Ratio Comparison
ONEO has a 0.20% expense ratio, which is lower than QMOM's 0.49% expense ratio.
Risk-Adjusted Performance
ONEO vs. QMOM — Risk-Adjusted Performance Rank
ONEO
QMOM
ONEO vs. QMOM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Momentum Focus ETF (ONEO) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM). 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.
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Dividends
ONEO vs. QMOM - Dividend Comparison
ONEO's dividend yield for the trailing twelve months is around 1.36%, less than QMOM's 1.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ONEO SPDR Russell 1000 Momentum Focus ETF | 1.36% | 1.30% | 1.56% | 1.74% | 1.19% | 1.28% | 1.63% | 1.72% | 7.69% | 1.82% | 0.10% |
QMOM Alpha Architect U.S. Quantitative Momentum ETF | 1.47% | 1.40% | 0.87% | 1.59% | 0.13% | 0.08% | 0.01% | 0.05% | 0.13% | 0.33% | 0.01% |
Drawdowns
ONEO vs. QMOM - Drawdown Comparison
The maximum ONEO drawdown since its inception was -40.86%, roughly equal to the maximum QMOM drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for ONEO and QMOM.
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Volatility
ONEO vs. QMOM - Volatility Comparison
SPDR Russell 1000 Momentum Focus ETF (ONEO) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM) have volatilities of 4.28% and 4.37%, 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.
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