ONEO vs. SMOM

Last updated Jun 25, 2026

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. Their correlation of 0.80 suggests significant overlap in exposure. ONEO charges 0.20%/yr vs 0.63%/yr for SMOM.

Performance

ONEO vs. SMOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Russell 1000 Momentum Focus ETF (ONEO) and Symmetry Panoramic Sector Momentum ETF (SMOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONEO achieves a 17.68% return, which is significantly higher than SMOM's 6.85% 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%

SMOM

• 1D: -0.17%
• 1M: -0.64%
• YTD: 6.85%
• 6M: 5.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ONEO vs. SMOM - Yearly Performance Comparison

	2026 (YTD)	2025
ONEO SPDR Russell 1000 Momentum Focus ETF	17.68%	1.46%
SMOM Symmetry Panoramic Sector Momentum ETF	6.85%	2.78%

Correlation

The correlation between ONEO and SMOM is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.80

Return for Risk

ONEO vs. SMOM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ONEO

ONEO Risk / Return Rank: 71
ONEO Sharpe Ratio Rank: 67
ONEO Sortino Ratio Rank: 68
ONEO Omega Ratio Rank: 63
ONEO Calmar Ratio Rank: 76
ONEO Martin Ratio Rank: 79

SMOM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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	SMOM	Difference
Sharpe ratio: Return per unit of total volatility	1.92	—	—
Sortino ratio: Return per unit of downside risk	2.75	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	3.48	—	—
Martin ratio: Return relative to average drawdown	13.64	—	—

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.

Drawdown Indicators

	ONEO	SMOM	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-1.12%	-2.70%	+1.58%
Average Drawdown Average peak-to-trough decline	-4.97%	-1.50%	-3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	—	—

Volatility

Volatility by Period

	ONEO	SMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.36%	12.77%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	12.77%	+4.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.69%	12.77%	+5.92%

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 1.19%, 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	1.19%	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

Can I hold both ONEO and SMOM in my portfolio?

ONEO and SMOM have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ONEO or SMOM?

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.

Which ETF is cheaper, ONEO or SMOM?

ONEO is cheaper with a 0.20% expense ratio, compared with 0.63% for SMOM.

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

ONEO has the higher dividend yield at 1.19%, compared with 0.15% for SMOM.

What is the main difference between ONEO and 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.