ONEV vs. SDY
Compare and contrast key facts about SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and SPDR S&P Dividend ETF (SDY).
ONEV and SDY 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. SDY is a passively managed fund by State Street that tracks the performance of the S&P High Yield Dividend Aristocrats Index. It was launched on Nov 15, 2005. Both ONEV and SDY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONEV or SDY.
Key characteristics
| ONEV | SDY | |
|---|---|---|
| YTD Return | 13.05% | 12.51% |
| 1Y Return | 23.69% | 22.59% |
| 3Y Return (Ann) | 7.02% | 5.81% |
| 5Y Return (Ann) | 10.83% | 8.39% |
| Sharpe Ratio | 2.32 | 2.29 |
| Sortino Ratio | 3.36 | 3.26 |
| Omega Ratio | 1.41 | 1.42 |
| Calmar Ratio | 3.45 | 1.90 |
| Martin Ratio | 10.74 | 13.86 |
| Ulcer Index | 2.39% | 1.72% |
| Daily Std Dev | 11.00% | 10.40% |
| Max Drawdown | -39.72% | -54.75% |
| Current Drawdown | -2.45% | -3.86% |
Correlation
The correlation between ONEV and SDY is 0.85, 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.
Performance
ONEV vs. SDY - Performance Comparison
The year-to-date returns for both stocks are quite close, with ONEV having a 13.05% return and SDY slightly lower at 12.51%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ONEV vs. SDY - Expense Ratio Comparison
ONEV has a 0.20% expense ratio, which is lower than SDY's 0.35% expense ratio.
Risk-Adjusted Performance
ONEV vs. SDY - Risk-Adjusted Performance 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.
Dividends
ONEV vs. SDY - Dividend Comparison
ONEV's dividend yield for the trailing twelve months is around 1.72%, less than SDY's 2.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONEV SPDR Russell 1000 Low Volatility Focus ETF | 1.72% | 1.79% | 1.80% | 1.44% | 1.87% | 2.07% | 2.14% | 6.91% | 2.02% | 0.08% | 0.00% | 0.00% |
SDY SPDR S&P Dividend ETF | 2.98% | 2.64% | 2.55% | 2.63% | 2.85% | 2.45% | 2.73% | 4.69% | 3.30% | 6.20% | 4.74% | 3.95% |
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. For additional features, visit the drawdowns tool.
Volatility
ONEV vs. SDY - Volatility Comparison
SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and SPDR S&P Dividend ETF (SDY) have volatilities of 2.61% and 2.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.