ONEV vs. AGOX
Compare and contrast key facts about SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and Adaptive Alpha Opportunities ETF (AGOX).
ONEV and AGOX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ONEV is a passively managed fund by State Street that tracks the performance of the Russell 1000 Low Volatility Focused Factor (TR). It was launched on Dec 2, 2015. AGOX is managed by Adaptive Funds. It was launched on Sep 20, 2012.
Performance
ONEV vs. AGOX - Performance Comparison
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ONEV vs. AGOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ONEV SPDR Russell 1000 Low Volatility Focus ETF | 1.58% | 8.14% | 11.76% | 13.28% | -8.15% | 8.76% |
AGOX Adaptive Alpha Opportunities ETF | -5.64% | 8.58% | 15.97% | 19.07% | -19.21% | 9.82% |
Returns By Period
In the year-to-date period, ONEV achieves a 1.58% return, which is significantly higher than AGOX's -5.64% return.
ONEV
- 1D
- 0.39%
- 1M
- -5.39%
- YTD
- 1.58%
- 6M
- 2.16%
- 1Y
- 8.22%
- 3Y*
- 10.52%
- 5Y*
- 8.06%
- 10Y*
- 10.85%
AGOX
- 1D
- 1.24%
- 1M
- -7.61%
- YTD
- -5.64%
- 6M
- -9.89%
- 1Y
- 14.13%
- 3Y*
- 9.99%
- 5Y*
- —
- 10Y*
- —
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ONEV vs. AGOX - Expense Ratio Comparison
ONEV has a 0.20% expense ratio, which is lower than AGOX's 1.69% expense ratio.
Return for Risk
ONEV vs. AGOX — Risk / Return Rank
ONEV
AGOX
ONEV vs. AGOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and Adaptive Alpha Opportunities ETF (AGOX). 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.
| ONEV | AGOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.56 | 0.64 | -0.08 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.08 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.90 | -0.13 |
Martin ratioReturn relative to average drawdown | 3.11 | 3.26 | -0.15 |
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
| ONEV | AGOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.64 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.25 | +0.40 |
Correlation
The correlation between ONEV and AGOX is 0.66, 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.
Dividends
ONEV vs. AGOX - Dividend Comparison
ONEV's dividend yield for the trailing twelve months is around 1.84%, less than AGOX's 3.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONEV SPDR Russell 1000 Low Volatility Focus ETF | 1.84% | 1.81% | 1.88% | 1.79% | 1.80% | 1.44% | 1.87% | 2.07% | 2.14% | 6.91% | 3.73% | 0.21% |
AGOX Adaptive Alpha Opportunities ETF | 3.42% | 3.23% | 3.94% | 0.27% | 0.20% | 6.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ONEV vs. AGOX - Drawdown Comparison
The maximum ONEV drawdown since its inception was -39.72%, which is greater than AGOX's maximum drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for ONEV and AGOX.
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Drawdown Indicators
| ONEV | AGOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.72% | -26.93% | -12.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -15.32% | +4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.72% | — | — |
Current DrawdownCurrent decline from peak | -5.39% | -11.44% | +6.05% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -8.38% | +4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 4.22% | -1.56% |
Volatility
ONEV vs. AGOX - Volatility Comparison
The current volatility for SPDR Russell 1000 Low Volatility Focus ETF (ONEV) is 3.78%, while Adaptive Alpha Opportunities ETF (AGOX) has a volatility of 7.27%. This indicates that ONEV experiences smaller price fluctuations and is considered to be less risky than AGOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONEV | AGOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 7.27% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.05% | 12.47% | -4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.77% | 22.33% | -7.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 19.26% | -4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 19.26% | -2.27% |