ONEO vs. QMOM

Last updated Aug 1, 2026

ONEO (SPDR Russell 1000 Momentum Focus ETF) and QMOM (Alpha Architect U.S. Quantitative Momentum ETF) are both Momentum funds. ONEO is passively managed, while QMOM is actively managed. Over the past 10 years, ONEO returned 11.76%/yr vs 12.30%/yr for QMOM. Their 0.72 correlation means they have sometimes moved together and sometimes differently. ONEO charges 0.20%/yr vs 0.28%/yr for QMOM.

Performance

ONEO vs. QMOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Russell 1000 Momentum Focus ETF (ONEO) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONEO achieves a 19.27% return, which is significantly higher than QMOM's 12.94% return. Both investments have delivered pretty close results over the past 10 years, with ONEO having a 11.76% annualized return and QMOM not far ahead at 12.30%.

ONEO

• 1D: 0.00%
• 1M: 0.65%
• 6M: 14.51%
• YTD: 19.27%
• 1Y: 24.78%
• 3Y*: 16.54%
• 5Y*: 10.58%
• 10Y*: 11.76%
• ALL TIME*: 11.54%

QMOM

• 1D: -0.42%
• 1M: -4.67%
• 6M: 8.63%
• YTD: 12.94%
• 1Y: 16.12%
• 3Y*: 17.31%
• 5Y*: 9.60%
• 10Y*: 12.30%
• ALL TIME*: 12.12%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ONEO SPDR Russell 1000 Momentum Focus ETF	$103.19K	$75.01K	$61.74K
QMOM Alpha Architect U.S. Quantitative Momentum ETF	$1.43M	$1.49M	$2.25M

ONEO vs. QMOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ONEO SPDR Russell 1000 Momentum Focus ETF	19.27%	10.61%	15.01%	15.64%	-12.01%	26.72%	10.76%	26.53%	-12.41%	21.16%
QMOM Alpha Architect U.S. Quantitative Momentum ETF	12.94%	2.36%	30.43%	9.50%	-6.99%	-4.06%	61.94%	28.39%	-11.75%	15.92%

Correlation

The correlation between ONEO and QMOM is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.73
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.72

The correlation between ONEO and QMOM has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.

ONEO vs. QMOM - Sectors Allocation Comparison

Sectors	ONEO	QMOM
Industrials	19.0%	24.6%
Technology	16.9%	20.4%
Consumer Cyclical	11.9%	5.8%
Healthcare	11.5%	17.9%
Financial Services	10.5%	1.9%
Energy	6.3%	15.8%
Utilities	5.8%	2.0%
Consumer Defensive	5.6%	2.0%
Basic Materials	5.1%	13.5%
Real Estate	3.8%	-
Communication Services	3.5%	2.0%

Return for Risk

ONEO vs. QMOM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ONEO

ONEO Risk / Return Rank: 84
ONEO Sharpe Ratio Rank: 81
ONEO Sortino Ratio Rank: 83
ONEO Omega Ratio Rank: 80
ONEO Calmar Ratio Rank: 87
ONEO Martin Ratio Rank: 88

QMOM

QMOM Risk / Return Rank: 31
QMOM Sharpe Ratio Rank: 27
QMOM Sortino Ratio Rank: 27
QMOM Omega Ratio Rank: 27
QMOM Calmar Ratio Rank: 37
QMOM Martin Ratio Rank: 37

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ONEO vs. QMOM - Risk-Adjusted Trends 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.

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	QMOM	Difference
Sharpe ratio: Return per unit of total volatility	1.88	0.63	+1.25
Sortino ratio: Return per unit of downside risk	2.70	1.03	+1.67
Omega ratio: Gain probability vs. loss probability	1.33	1.13	+0.21
Calmar ratio: Return relative to maximum drawdown	3.38	1.27	+2.11
Martin ratio: Return relative to average drawdown	13.48	3.80	+9.68

ONEO vs. QMOM - Sharpe Ratio Comparison

The current ONEO Sharpe Ratio is 1.88, which is higher than the QMOM Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of ONEO and QMOM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	ONEO	QMOM	Difference
Max Drawdown Largest peak-to-trough decline	-40.86%	-39.13%	-1.73%
Max Drawdown (1Y) Largest decline over 1 year	-7.37%	-12.76%	+5.39%
Max Drawdown (3Y) Largest decline over 3 years	-19.72%	-26.46%	+6.74%
Max Drawdown (5Y) Largest decline over 5 years	-22.39%	-26.82%	+4.43%
Max Drawdown (10Y) Largest decline over 10 years	-40.86%	-39.13%	-1.73%
Current Drawdown Current decline from peak	-0.81%	-9.73%	+8.92%
Average Drawdown Average peak-to-trough decline	-4.93%	-12.83%	+7.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	4.26%	-2.42%

Volatility

ONEO vs. QMOM - Volatility Comparison

The current volatility for SPDR Russell 1000 Momentum Focus ETF (ONEO) is 2.46%, while Alpha Architect U.S. Quantitative Momentum ETF (QMOM) has a volatility of 7.59%. This indicates that ONEO experiences smaller price fluctuations and is considered to be less risky than QMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONEO	QMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	7.59%	-5.13%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	22.16%	-12.00%
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	25.74%	-12.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.18%	24.46%	-7.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.61%	26.72%	-8.11%

ONEO vs. QMOM - Expense Ratio Comparison

ONEO has a 0.20% expense ratio, which is lower than QMOM's 0.28% expense ratio.

Dividends

ONEO vs. QMOM - Dividend Comparison

ONEO's dividend yield for the trailing twelve months is around 1.18%, more than QMOM's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ONEO SPDR Russell 1000 Momentum Focus ETF	1.18%	1.29%	1.30%	1.56%	1.73%	1.19%	1.28%	1.64%	1.72%	7.69%	1.82%	0.17%
QMOM Alpha Architect U.S. Quantitative Momentum ETF	0.48%	0.54%	1.40%	0.87%	1.59%	0.12%	0.08%	0.01%	0.05%	0.13%	0.34%	0.00%

Frequently Asked Questions

Can I hold both ONEO and QMOM in my portfolio?

ONEO and QMOM have a correlation of 0.73, 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 QMOM?

QMOM has higher volatility (7.59%) compared to ONEO (2.46%). In terms of maximum drawdown, ONEO dropped -40.86% vs QMOM's -39.13%.

Which ETF is better, ONEO or QMOM?

On 10-year performance, QMOM leads with 12.30% vs 11.76% for ONEO. On fees, ONEO is cheaper at 0.20% per year. On volatility, ONEO has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ONEO or QMOM?

Over the 10-year period, QMOM has performed better with a 12.30% return vs 11.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ONEO or QMOM?

ONEO is cheaper with a 0.20% expense ratio, compared with 0.28% for QMOM.

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

ONEO has the higher dividend yield at 1.18%, compared with 0.48% for QMOM.

What is the main difference between ONEO and QMOM?

They also come from different issuers: State Street and Alpha Architect. Their fees differ too: 0.20% for ONEO and 0.28% for QMOM.

Which has better risk-adjusted returns?

ONEO currently has the higher Sharpe Ratio (1.88 vs 0.63), 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.