ONEO vs. SMOM
ONEO (SPDR Russell 1000 Momentum Focus ETF) and SMOM (Symmetry Panoramic Sector Momentum ETF) are both exchange-traded funds - ONEO is a Momentum fund tracking the Russell 1000 Momentum Focused Factor Index, while SMOM is a Large Cap Blend Equities fund actively managed by Symmetry Partners. ONEO is passively managed, while SMOM is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. ONEO charges 0.20%/yr vs 0.63%/yr for SMOM.
Performance
ONEO vs. SMOM - Performance Comparison
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Returns By Period
In the year-to-date period, ONEO achieves a 17.96% return, which is significantly higher than SMOM's 9.53% 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%
SMOM
- 1D
- -0.27%
- 1M
- 4.63%
- YTD
- 9.53%
- 6M
- 10.08%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONEO vs. SMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ONEO SPDR Russell 1000 Momentum Focus ETF | 17.96% | 1.60% |
SMOM Symmetry Panoramic Sector Momentum ETF | 9.53% | 2.81% |
Correlation
The correlation between ONEO and SMOM is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025 | 0.79 |
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Return for Risk
ONEO vs. SMOM — Risk / Return Rank
ONEO
SMOM
ONEO vs. SMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Momentum Focus ETF (ONEO) and Symmetry Panoramic Sector Momentum ETF (SMOM). 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 | SMOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | — | — |
| Martin ratioReturn relative to average drawdown | 15.14 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ONEO | SMOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.41 | -0.78 |
Drawdowns
ONEO vs. SMOM - Drawdown Comparison
The maximum ONEO drawdown since its inception was -40.86%, which is greater than SMOM's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for ONEO and SMOM.
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Drawdown Indicators
| ONEO | SMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.86% | -7.45% | -33.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.86% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.27% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -1.47% | -3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | — | — |
Volatility
ONEO vs. SMOM - Volatility Comparison
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Volatility by Period
| ONEO | SMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 12.59% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 12.59% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.66% | 12.59% | +6.07% |
ONEO vs. SMOM - Expense Ratio Comparison
ONEO has a 0.20% expense ratio, which is lower than SMOM's 0.63% expense ratio.
Dividends
ONEO vs. SMOM - Dividend Comparison
ONEO's dividend yield for the trailing twelve months is around 1.16%, more than SMOM's 0.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SMOM Symmetry Panoramic Sector Momentum ETF | 0.15% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ONEO and SMOM have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ONEO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ONEO is cheaper with a 0.20% expense ratio, compared with 0.63% for SMOM.
ONEO has the higher dividend yield at 1.16%, compared with 0.15% for SMOM.
ONEO is categorized as Momentum, while SMOM is Large Cap Blend Equities. They also come from different issuers: State Street and Symmetry Partners. Their fees differ too: 0.20% for ONEO and 0.63% for SMOM.
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