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ONEV vs. LGLV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ONEV vs. LGLV

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV).

ONEV and LGLV 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. LGLV is a passively managed fund by State Street that tracks the performance of the SSGA US Large Cap Low Volatility (TR). It was launched on Feb 20, 2013. Both ONEV and LGLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ONEV vs. LGLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). The values are adjusted to include any dividend payments, if applicable.

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ONEV vs. LGLV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ONEV
SPDR Russell 1000 Low Volatility Focus ETF		1.18%8.14%11.76%13.28%-8.15%29.19%6.66%30.66%-5.30%18.11%
LGLV
SPDR SSGA US Large Cap Low Volatility Index ETF		2.00%8.37%16.22%9.19%-8.17%27.95%7.42%30.83%0.32%17.84%

Returns By Period

In the year-to-date period, ONEV achieves a 1.18% return, which is significantly lower than LGLV's 2.00% return. Both investments have delivered pretty close results over the past 10 years, with ONEV having a 10.81% annualized return and LGLV not far ahead at 11.24%.

ONEV

1D
1.63%
1M
-5.74%
YTD
1.18%
6M
1.78%
1Y
7.84%
3Y*
10.38%
5Y*
7.98%
10Y*
10.81%

LGLV

1D
1.10%
1M
-5.28%
YTD
2.00%
6M
1.06%
1Y
4.45%
3Y*
11.46%
5Y*
9.25%
10Y*
11.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

SPDR SSGA US Large Cap Low Volatility Index ETF

Often compared with ONEV:
ONEV vs. ONEYONEV vs. ONEOONEV vs. AGOXONEV vs. SPYONEV vs. AUSFONEV vs. RFVONEV vs. VOE
Often compared with LGLV:
LGLV vs. SCHDLGLV vs. VOOLGLV vs. SMLVLGLV vs. SPTMLGLV vs. VSMVLGLV vs. SMLFLGLV vs. FNDX

ONEV vs. LGLV - Expense Ratio Comparison

ONEV has a 0.20% expense ratio, which is higher than LGLV's 0.12% 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%.

ONEV
SPDR Russell 1000 Low Volatility Focus ETF
LGLV
SPDR SSGA US Large Cap Low Volatility Index ETF

Return for Risk

ONEV vs. LGLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ONEV
ONEV Risk / Return Rank: 3232
Overall Rank
ONEV Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
ONEV Sortino Ratio Rank: 3131
Sortino Ratio Rank
ONEV Omega Ratio Rank: 2828
Omega Ratio Rank
ONEV Calmar Ratio Rank: 3333
Calmar Ratio Rank
ONEV Martin Ratio Rank: 3737
Martin Ratio Rank
LGLV
LGLV Risk / Return Rank: 2525
Overall Rank
LGLV Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
LGLV Sortino Ratio Rank: 2222
Sortino Ratio Rank
LGLV Omega Ratio Rank: 2222
Omega Ratio Rank
LGLV Calmar Ratio Rank: 2727
Calmar Ratio Rank
LGLV Martin Ratio Rank: 3030
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. LGLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). 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.

ONEVLGLVDifference

Sharpe ratio

Return per unit of total volatility

0.53

0.35

+0.18

Sortino ratio

Return per unit of downside risk

0.87

0.58

+0.29

Omega ratio

Gain probability vs. loss probability

1.11

1.08

+0.03

Calmar ratio

Return relative to maximum drawdown

0.81

0.58

+0.22

Martin ratio

Return relative to average drawdown

3.30

2.44

+0.86

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. LGLV - Sharpe Ratio Comparison

The current ONEV Sharpe Ratio is 0.53, which is higher than the LGLV Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of ONEV and LGLV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ONEVLGLVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.53

0.35

+0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.72

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

0.70

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.78

-0.13

Correlation

The correlation between ONEV and LGLV is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ONEV vs. LGLV - Dividend Comparison

ONEV's dividend yield for the trailing twelve months is around 1.85%, less than LGLV's 2.02% yield.

TTM20252024202320222021202020192018201720162015
ONEV
SPDR Russell 1000 Low Volatility Focus ETF		1.85%1.81%1.88%1.79%1.80%1.44%1.87%2.07%2.14%6.91%3.73%0.21%
LGLV
SPDR SSGA US Large Cap Low Volatility Index ETF		2.02%1.94%1.93%2.03%1.95%1.65%1.98%1.89%2.09%4.39%2.54%2.97%

Drawdowns

ONEV vs. LGLV - Drawdown Comparison

The maximum ONEV drawdown since its inception was -39.72%, which is greater than LGLV's maximum drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for ONEV and LGLV.

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Drawdown Indicators

ONEVLGLVDifference

Max Drawdown

Largest peak-to-trough decline

-39.72%

-36.64%

-3.08%

Max Drawdown (1Y)

Largest decline over 1 year

-10.78%

-9.65%

-1.13%

Max Drawdown (5Y)

Largest decline over 5 years

-18.52%

-17.49%

-1.03%

Max Drawdown (10Y)

Largest decline over 10 years

-39.72%

-36.64%

-3.08%

Current Drawdown

Current decline from peak

-5.76%

-5.52%

-0.24%

Average Drawdown

Average peak-to-trough decline

-3.92%

-3.19%

-0.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.64%

2.30%

+0.34%

Volatility

ONEV vs. LGLV - Volatility Comparison

SPDR Russell 1000 Low Volatility Focus ETF (ONEV) has a higher volatility of 3.78% compared to SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) at 3.11%. This indicates that ONEV's price experiences larger fluctuations and is considered to be riskier than LGLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ONEVLGLVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.78%

3.11%

+0.67%

Volatility (6M)

Calculated over the trailing 6-month period

8.06%

6.63%

+1.43%

Volatility (1Y)

Calculated over the trailing 1-year period

14.79%

12.78%

+2.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.58%

12.93%

+1.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.99%

16.10%

+0.89%