ONEV vs. SDY

Last updated Aug 4, 2026

ONEV (SPDR Russell 1000 Low Volatility Focus ETF) and SDY (SPDR S&P Dividend ETF) are both exchange-traded funds - ONEV is a Low Volatility fund tracking the Russell 1000 Low Volatility Focused Factor (TR), while SDY is a Mid Cap Value Equities fund tracking the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, ONEV returned 11.48%/yr vs 9.33%/yr for SDY. Their correlation of 0.86 means they have usually moved in the same direction. ONEV charges 0.20%/yr vs 0.35%/yr for SDY.

Performance

ONEV vs. SDY - 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 S&P Dividend ETF (SDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ONEV having a 12.96% return and SDY slightly higher at 13.33%. Over the past 10 years, ONEV has outperformed SDY with an annualized return of 11.48%, while SDY has yielded a comparatively lower 9.33% annualized return.

ONEV

• 1D: 0.79%
• 1M: 1.98%
• 6M: 8.95%
• YTD: 12.96%
• 1Y: 18.50%
• 3Y*: 12.66%
• 5Y*: 9.02%
• 10Y*: 11.48%
• ALL TIME*: 11.73%

SDY

• 1D: 0.48%
• 1M: 0.05%
• 6M: 5.70%
• YTD: 13.33%
• 1Y: 17.14%
• 3Y*: 10.66%
• 5Y*: 7.74%
• 10Y*: 9.33%
• ALL TIME*: 9.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ONEV SPDR Russell 1000 Low Volatility Focus ETF	$449.28K	$3.31M	$4.48M
SDY SPDR S&P Dividend ETF	$30.54M	$30.37M	$33.37M

ONEV vs. SDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ONEV SPDR Russell 1000 Low Volatility Focus ETF	12.96%	8.14%	11.76%	13.28%	-8.15%	29.19%	6.66%	30.66%	-5.30%	18.11%
SDY SPDR S&P Dividend ETF	13.33%	8.18%	8.45%	2.61%	-0.54%	25.32%	1.71%	23.29%	-2.74%	15.82%

Correlation

The correlation between ONEV and SDY is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015	0.86

The correlation between ONEV and SDY has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.

ONEV vs. SDY - Sectors Allocation Comparison

Sectors	ONEV	SDY
Industrials	17.7%	17.5%
Financial Services	17.0%	12.6%
Healthcare	12.3%	7.9%
Consumer Cyclical	11.3%	5.9%
Consumer Defensive	9.1%	16.3%
Technology	8.3%	10.3%
Real Estate	8.3%	4.4%
Utilities	8.2%	14.2%
Basic Materials	2.7%	5.8%
Communication Services	2.7%	2.2%
Energy	2.3%	2.8%

Return for Risk

ONEV vs. SDY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ONEV

ONEV Risk / Return Rank: 67
ONEV Sharpe Ratio Rank: 67
ONEV Sortino Ratio Rank: 74
ONEV Omega Ratio Rank: 64
ONEV Calmar Ratio Rank: 66
ONEV Martin Ratio Rank: 66

SDY

SDY Risk / Return Rank: 64
SDY Sharpe Ratio Rank: 68
SDY Sortino Ratio Rank: 74
SDY Omega Ratio Rank: 64
SDY Calmar Ratio Rank: 63
SDY Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ONEV vs. SDY - 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 S&P Dividend ETF (SDY). 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.

	ONEV	SDY	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.60	+0.01
Sortino ratio: Return per unit of downside risk	2.47	2.45	+0.03
Omega ratio: Gain probability vs. loss probability	1.28	1.28	0.00
Calmar ratio: Return relative to maximum drawdown	2.40	2.24	+0.15
Martin ratio: Return relative to average drawdown	8.28	6.03	+2.25

ONEV vs. SDY - Sharpe Ratio Comparison

The current ONEV Sharpe Ratio is 1.61, which is comparable to the SDY Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of ONEV and SDY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ONEV vs. SDY - Drawdown Comparison

The maximum ONEV drawdown since its inception was -39.72%, smaller than the maximum SDY drawdown of -54.75%. Use the drawdown chart below to compare losses from any high point for ONEV and SDY.

Drawdown Indicators

	ONEV	SDY	Difference
Max Drawdown Largest peak-to-trough decline	-39.72%	-54.75%	+15.03%
Max Drawdown (1Y) Largest decline over 1 year	-7.75%	-7.67%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-14.81%	-14.39%	-0.42%
Max Drawdown (5Y) Largest decline over 5 years	-18.52%	-15.21%	-3.31%
Max Drawdown (10Y) Largest decline over 10 years	-39.72%	-36.70%	-3.02%
Current Drawdown Current decline from peak	-1.49%	-1.86%	+0.37%
Average Drawdown Average peak-to-trough decline	-3.85%	-6.17%	+2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	2.85%	-0.61%

Volatility

ONEV vs. SDY - Volatility Comparison

SPDR Russell 1000 Low Volatility Focus ETF (ONEV) has a higher volatility of 4.39% compared to SPDR S&P Dividend ETF (SDY) at 4.07%. This indicates that ONEV's price experiences larger fluctuations and is considered to be riskier than SDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONEV	SDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	4.07%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	8.52%	8.12%	+0.40%
Volatility (1Y) Calculated over the trailing 1-year period	11.54%	10.77%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.60%	14.02%	+0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	17.09%	-0.06%

ONEV vs. SDY - Expense Ratio Comparison

ONEV has a 0.20% expense ratio, which is lower than SDY's 0.35% expense ratio.

Dividends

ONEV vs. SDY - Dividend Comparison

ONEV's dividend yield for the trailing twelve months is around 1.79%, less than SDY's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ONEV SPDR Russell 1000 Low Volatility Focus ETF	1.79%	1.81%	1.88%	1.79%	1.80%	1.44%	1.87%	2.07%	2.14%	6.91%	3.73%	0.21%
SDY SPDR S&P Dividend ETF	2.40%	2.61%	2.56%	2.64%	2.55%	2.63%	2.85%	2.45%	2.73%	4.69%	3.30%	6.20%

Frequently Asked Questions

Can I hold both ONEV and SDY in my portfolio?

With a correlation of 0.91, ONEV and SDY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ONEV or SDY?

ONEV has higher volatility (4.39%) compared to SDY (4.07%). In terms of maximum drawdown, ONEV dropped -39.72% vs SDY's -54.75%.

Which ETF is better, ONEV or SDY?

On 10-year performance, ONEV leads with 11.48% vs 9.33% for SDY. On fees, ONEV is cheaper at 0.20% per year. On volatility, SDY has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ONEV or SDY?

Over the 10-year period, ONEV has performed better with a 11.48% return vs 9.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ONEV or SDY?

ONEV is cheaper with a 0.20% expense ratio, compared with 0.35% for SDY.

Which ETF pays a higher dividend yield, ONEV or SDY?

SDY has the higher dividend yield at 2.40%, compared with 1.79% for ONEV.

What is the main difference between ONEV and SDY?

ONEV is categorized as Low Volatility, while SDY is Mid Cap Value Equities. ONEV tracks Russell 1000 Low Volatility Focused Factor (TR), while SDY tracks S&P High Yield Dividend Aristocrats Index. Their fees differ too: 0.20% for ONEV and 0.35% for SDY.

Which has better risk-adjusted returns?

ONEV currently has the higher Sharpe Ratio (1.61 vs 1.60), 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.