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ONEV vs. IGSB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ONEV vs. IGSB

Last updated Jun 9, 2026

ONEV (SPDR Russell 1000 Low Volatility Focus ETF) and IGSB (iShares Short-Term Corporate Bond ETF) are both exchange-traded funds - ONEV is a Volatility Hedged Equity fund tracking the Russell 1000 Low Volatility Focused Factor (TR), while IGSB is a Corporate Bonds fund tracking the ICE BofAML 1-5 Year US Corporate Index. Both are passively managed. Over the past 10 years, ONEV returned 11.12%/yr vs 2.71%/yr for IGSB. At a 0.17 correlation, their price movements are largely independent. ONEV charges 0.20%/yr vs 0.06%/yr for IGSB.

Performance

ONEV vs. IGSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and iShares Short-Term Corporate Bond ETF (IGSB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ONEV achieves a 6.35% return, which is significantly higher than IGSB's 0.52% return. Over the past 10 years, ONEV has outperformed IGSB with an annualized return of 11.12%, while IGSB has yielded a comparatively lower 2.71% annualized return.

ONEV

1D
-0.44%
1M
1.35%
YTD
6.35%
6M
7.34%
1Y
11.90%
3Y*
12.57%
5Y*
7.94%
10Y*
11.12%

IGSB

1D
0.04%
1M
-0.25%
YTD
0.52%
6M
1.00%
1Y
4.70%
3Y*
5.70%
5Y*
2.36%
10Y*
2.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ONEV vs. IGSB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ONEV
SPDR Russell 1000 Low Volatility Focus ETF		6.35%8.14%11.76%13.28%-8.15%29.19%6.66%30.66%-5.30%18.11%
IGSB
iShares Short-Term Corporate Bond ETF		0.52%6.96%4.97%6.40%-5.63%-0.56%5.37%7.11%1.25%1.27%

Correlation

The correlation between ONEV and IGSB is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.39

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (10Y)
Calculated over the trailing 10-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Dec 4, 2015

0.17

Over the past year, ONEV and IGSB have become more correlated (0.39) than their long-term average of 0.17, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Russell 1000 Low Volatility Focus ETF

iShares Short-Term Corporate Bond ETF

Often compared with ONEV:
ONEV vs. ONEYONEV vs. ONEOONEV vs. SPYONEV vs. AGOXONEV vs. AUSFONEV vs. RFVONEV vs. VOE
Often compared with IGSB:
IGSB vs. VCSHIGSB vs. LQDIGSB vs. SPSBIGSB vs. IGIBIGSB vs. SLQDIGSB vs. FLDRIGSB vs. AGG

Return for Risk

ONEV vs. IGSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ONEV
ONEV Risk / Return Rank: 3434
Overall Rank
ONEV Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
ONEV Sortino Ratio Rank: 3434
Sortino Ratio Rank
ONEV Omega Ratio Rank: 3030
Omega Ratio Rank
ONEV Calmar Ratio Rank: 3434
Calmar Ratio Rank
ONEV Martin Ratio Rank: 3737
Martin Ratio Rank
IGSB
IGSB Risk / Return Rank: 8282
Overall Rank
IGSB Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IGSB Sortino Ratio Rank: 9090
Sortino Ratio Rank
IGSB Omega Ratio Rank: 8888
Omega Ratio Rank
IGSB Calmar Ratio Rank: 7171
Calmar Ratio Rank
IGSB Martin Ratio Rank: 7676
Martin Ratio Rank
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.

ONEV vs. IGSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and iShares Short-Term Corporate Bond ETF (IGSB). 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.

ONEVIGSBDifference
Sharpe ratioReturn per unit of total volatility
1.07
2.47

-1.40

Sortino ratioReturn per unit of downside risk
1.65
3.83

-2.18

Omega ratioGain probability vs. loss probability

1.19

1.50

-0.31

Calmar ratioReturn relative to maximum drawdown

1.54

3.24

-1.69

Martin ratioReturn relative to average drawdown

5.26

13.12

-7.86

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ONEV vs. IGSB - Sharpe Ratio Comparison

The current ONEV Sharpe Ratio is 1.07, which is lower than the IGSB Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of ONEV and IGSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ONEVIGSBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.07

2.47

-1.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.81

-0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.78

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.70

-0.03

Drawdowns

ONEV vs. IGSB - Drawdown Comparison

The maximum ONEV drawdown since its inception was -39.72%, which is greater than IGSB's maximum drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for ONEV and IGSB.

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Drawdown Indicators

ONEVIGSBDifference

Max Drawdown

Largest peak-to-trough decline

-39.72%

-13.38%

-26.34%

Max Drawdown (1Y)

Largest decline over 1 year

-7.75%

-1.46%

-6.29%

Max Drawdown (3Y)

Largest decline over 3 years

-14.81%

-1.46%

-13.35%

Max Drawdown (5Y)

Largest decline over 5 years

-18.52%

-9.46%

-9.06%

Max Drawdown (10Y)

Largest decline over 10 years

-39.72%

-13.38%

-26.34%

Current Drawdown

Current decline from peak

-0.94%

-0.51%

-0.43%

Average Drawdown

Average peak-to-trough decline

-3.90%

-0.85%

-3.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.27%

0.36%

+1.91%

Volatility

ONEV vs. IGSB - Volatility Comparison

SPDR Russell 1000 Low Volatility Focus ETF (ONEV) has a higher volatility of 2.35% compared to iShares Short-Term Corporate Bond ETF (IGSB) at 0.61%. This indicates that ONEV's price experiences larger fluctuations and is considered to be riskier than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ONEVIGSBDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.35%

0.61%

+1.74%

Volatility (6M)

Calculated over the trailing 6-month period

7.74%

1.44%

+6.30%

Volatility (1Y)

Calculated over the trailing 1-year period

11.19%

1.91%

+9.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.54%

2.93%

+11.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.03%

3.47%

+13.56%

ONEV vs. IGSB - Expense Ratio Comparison

ONEV has a 0.20% expense ratio, which is higher than IGSB's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ONEV vs. IGSB - Dividend Comparison

ONEV's dividend yield for the trailing twelve months is around 1.76%, less than IGSB's 4.59% yield.

PositionTTM20252024202320222021202020192018201720162015
IGSB
iShares Short-Term Corporate Bond ETF		4.59%4.44%4.02%3.26%2.07%1.82%2.36%3.06%2.46%1.65%1.45%1.18%
ONEV
SPDR Russell 1000 Low Volatility Focus ETF		1.76%1.81%1.88%1.79%1.80%1.44%1.87%2.07%2.14%6.91%3.73%0.21%

Frequently Asked Questions

ONEV and IGSB have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ONEV has higher volatility (2.35%) compared to IGSB (0.61%). In terms of maximum drawdown, ONEV dropped -39.72% vs IGSB's -13.38%.

On 10-year performance, ONEV leads with 11.12% vs 2.71% for IGSB. On fees, IGSB is cheaper at 0.06% per year. On volatility, IGSB has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ONEV has performed better with a 11.12% return vs 2.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGSB is cheaper with a 0.06% expense ratio, compared with 0.20% for ONEV.

IGSB has the higher dividend yield at 4.59%, compared with 1.76% for ONEV.

ONEV is categorized as Volatility Hedged Equity, while IGSB is Corporate Bonds. ONEV tracks Russell 1000 Low Volatility Focused Factor (TR), while IGSB tracks ICE BofAML 1-5 Year US Corporate Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for ONEV and 0.06% for IGSB.

IGSB currently has the higher Sharpe Ratio (2.47 vs 1.07), 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.

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