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ONEV vs. ONEO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ONEV vs. ONEO

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and SPDR Russell 1000 Momentum Focus ETF (ONEO).

ONEV and ONEO 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. ONEO is a passively managed fund by State Street that tracks the performance of the Russell 1000 Momentum Focused Factor Index. It was launched on Dec 2, 2015. Both ONEV and ONEO 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. ONEO - 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 Russell 1000 Momentum Focus ETF (ONEO). The values are adjusted to include any dividend payments, if applicable.

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ONEV vs. ONEO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ONEV
SPDR Russell 1000 Low Volatility Focus ETF		1.58%8.14%11.76%13.28%-8.15%29.19%6.66%30.66%-5.30%18.11%
ONEO
SPDR Russell 1000 Momentum Focus ETF		4.18%10.61%15.01%15.64%-12.01%26.72%10.76%26.53%-12.41%21.16%

Returns By Period

In the year-to-date period, ONEV achieves a 1.58% return, which is significantly lower than ONEO's 4.18% return. Both investments have delivered pretty close results over the past 10 years, with ONEV having a 10.85% annualized return and ONEO not far ahead at 11.01%.

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%

ONEO

1D
0.92%
1M
-4.34%
YTD
4.18%
6M
5.25%
1Y
17.79%
3Y*
14.14%
5Y*
8.89%
10Y*
11.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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SPDR Russell 1000 Low Volatility Focus ETF

SPDR Russell 1000 Momentum Focus ETF

Often compared with ONEV:
ONEV vs. ONEYONEV vs. AGOXONEV vs. SPYONEV vs. AUSFONEV vs. RFVONEV vs. VOEONEV vs. VTV
Often compared with ONEO:
ONEO vs. ONEYONEO vs. JOETONEO vs. FSPGXONEO vs. MTUMONEO vs. AGTHXONEO vs. VONGONEO vs. JCTR

ONEV vs. ONEO - Expense Ratio Comparison

Both ONEV and ONEO have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

ONEV
SPDR Russell 1000 Low Volatility Focus ETF
ONEO
SPDR Russell 1000 Momentum Focus ETF

Return for Risk

ONEV vs. ONEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ONEV
ONEV Risk / Return Rank: 2929
Overall Rank
ONEV Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
ONEV Sortino Ratio Rank: 2828
Sortino Ratio Rank
ONEV Omega Ratio Rank: 2727
Omega Ratio Rank
ONEV Calmar Ratio Rank: 3030
Calmar Ratio Rank
ONEV Martin Ratio Rank: 3333
Martin Ratio Rank
ONEO
ONEO Risk / Return Rank: 5656
Overall Rank
ONEO Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
ONEO Sortino Ratio Rank: 5656
Sortino Ratio Rank
ONEO Omega Ratio Rank: 5454
Omega Ratio Rank
ONEO Calmar Ratio Rank: 5353
Calmar Ratio Rank
ONEO Martin Ratio Rank: 6464
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. ONEO - 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 Russell 1000 Momentum Focus ETF (ONEO). 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.

ONEVONEODifference

Sharpe ratio

Return per unit of total volatility

0.56

1.00

-0.44

Sortino ratio

Return per unit of downside risk

0.90

1.52

-0.62

Omega ratio

Gain probability vs. loss probability

1.12

1.21

-0.10

Calmar ratio

Return relative to maximum drawdown

0.77

1.45

-0.68

Martin ratio

Return relative to average drawdown

3.11

6.85

-3.74

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. ONEO - Sharpe Ratio Comparison

The current ONEV Sharpe Ratio is 0.56, which is lower than the ONEO Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of ONEV and ONEO, 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

ONEVONEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.56

1.00

-0.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.56

0.52

+0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

0.59

+0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.56

+0.08

Correlation

The correlation between ONEV and ONEO is 0.88, 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. ONEO - Dividend Comparison

ONEV's dividend yield for the trailing twelve months is around 1.84%, more than ONEO's 1.31% yield.

TTM20252024202320222021202020192018201720162015
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%
ONEO
SPDR Russell 1000 Momentum Focus ETF		1.31%1.29%1.30%1.56%1.73%1.19%1.28%1.64%1.72%7.69%1.82%0.17%

Drawdowns

ONEV vs. ONEO - Drawdown Comparison

The maximum ONEV drawdown since its inception was -39.72%, roughly equal to the maximum ONEO drawdown of -40.86%. Use the drawdown chart below to compare losses from any high point for ONEV and ONEO.

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Drawdown Indicators

ONEVONEODifference

Max Drawdown

Largest peak-to-trough decline

-39.72%

-40.86%

+1.14%

Max Drawdown (1Y)

Largest decline over 1 year

-10.78%

-12.56%

+1.78%

Max Drawdown (5Y)

Largest decline over 5 years

-18.52%

-22.39%

+3.87%

Max Drawdown (10Y)

Largest decline over 10 years

-39.72%

-40.86%

+1.14%

Current Drawdown

Current decline from peak

-5.39%

-4.37%

-1.02%

Average Drawdown

Average peak-to-trough decline

-3.93%

-5.07%

+1.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.66%

2.65%

+0.01%

Volatility

ONEV vs. ONEO - Volatility Comparison

The current volatility for SPDR Russell 1000 Low Volatility Focus ETF (ONEV) is 3.78%, while SPDR Russell 1000 Momentum Focus ETF (ONEO) has a volatility of 5.19%. This indicates that ONEV experiences smaller price fluctuations and is considered to be less risky than ONEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ONEVONEODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.78%

5.19%

-1.41%

Volatility (6M)

Calculated over the trailing 6-month period

8.05%

9.89%

-1.84%

Volatility (1Y)

Calculated over the trailing 1-year period

14.77%

17.85%

-3.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.58%

17.20%

-2.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.99%

18.61%

-1.62%