ONEV vs. VALQ

Last updated Aug 2, 2026

ONEV (SPDR Russell 1000 Low Volatility Focus ETF) and VALQ (American Century STOXX U.S. Quality Value ETF) are both exchange-traded funds - ONEV is a Low Volatility fund tracking the Russell 1000 Low Volatility Focused Factor (TR), while VALQ is a Quality Factor fund tracking the iSTOXX American Century USA Quality Value Index. Both are passively managed. Over the past 5 years, ONEV returned 8.81%/yr vs 8.79%/yr for VALQ. Their correlation of 0.91 means they have usually moved in the same direction. ONEV charges 0.20%/yr vs 0.29%/yr for VALQ.

Performance

ONEV vs. VALQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and American Century STOXX U.S. Quality Value ETF (VALQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONEV achieves a 12.07% return, which is significantly higher than VALQ's 6.73% return.

ONEV

• 1D: -0.50%
• 1M: 1.18%
• 6M: 8.72%
• YTD: 12.07%
• 1Y: 17.56%
• 3Y*: 11.92%
• 5Y*: 8.81%
• 10Y*: 11.33%
• ALL TIME*: 11.65%

VALQ

• 1D: 0.09%
• 1M: 0.81%
• 6M: 2.92%
• YTD: 6.73%
• 1Y: 16.88%
• 3Y*: 13.35%
• 5Y*: 8.79%
• 10Y*: —
• ALL TIME*: 8.79%

*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	$2.03M	$3.31M	$4.42M
VALQ American Century STOXX U.S. Quality Value ETF	$214.02K	$473.20K	$410.70K

ONEV vs. VALQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ONEV SPDR Russell 1000 Low Volatility Focus ETF	12.07%	8.14%	11.76%	13.28%	-8.15%	29.19%	6.66%	30.66%	-7.58%
VALQ American Century STOXX U.S. Quality Value ETF	6.73%	10.58%	16.71%	13.87%	-7.73%	27.05%	0.64%	24.52%	-10.92%

Correlation

The correlation between ONEV and VALQ is 0.83, 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.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Jan 16, 2018	0.91

The correlation between ONEV and VALQ has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.

ONEV vs. VALQ - Sectors Allocation Comparison

Sectors	ONEV	VALQ
Industrials	17.7%	11.6%
Financial Services	17.0%	5.5%
Healthcare	12.3%	14.8%
Consumer Cyclical	11.3%	12.1%
Consumer Defensive	9.1%	12.1%
Technology	8.3%	34.6%
Real Estate	8.3%	0.3%
Utilities	8.2%	-
Basic Materials	2.7%	0.7%
Communication Services	2.7%	6.5%
Energy	2.3%	1.9%

Return for Risk

ONEV vs. VALQ — Risk / Return Rank

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

ONEV

ONEV Risk / Return Rank: 64
ONEV Sharpe Ratio Rank: 63
ONEV Sortino Ratio Rank: 70
ONEV Omega Ratio Rank: 59
ONEV Calmar Ratio Rank: 63
ONEV Martin Ratio Rank: 63

VALQ

VALQ Risk / Return Rank: 59
VALQ Sharpe Ratio Rank: 62
VALQ Sortino Ratio Rank: 66
VALQ Omega Ratio Rank: 59
VALQ Calmar Ratio Rank: 58
VALQ 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. VALQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and American Century STOXX U.S. Quality Value ETF (VALQ). 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	VALQ	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.46	+0.02
Sortino ratio: Return per unit of downside risk	2.28	2.16	+0.11
Omega ratio: Gain probability vs. loss probability	1.26	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	2.19	2.07	+0.12
Martin ratio: Return relative to average drawdown	7.57	5.93	+1.64

ONEV vs. VALQ - Sharpe Ratio Comparison

The current ONEV Sharpe Ratio is 1.47, which is comparable to the VALQ Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of ONEV and VALQ, 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. VALQ - Drawdown Comparison

The maximum ONEV drawdown since its inception was -39.72%, roughly equal to the maximum VALQ drawdown of -38.19%. Use the drawdown chart below to compare losses from any high point for ONEV and VALQ.

Drawdown Indicators

	ONEV	VALQ	Difference
Max Drawdown Largest peak-to-trough decline	-39.72%	-38.19%	-1.53%
Max Drawdown (1Y) Largest decline over 1 year	-7.75%	-7.85%	+0.10%
Max Drawdown (3Y) Largest decline over 3 years	-14.81%	-15.62%	+0.81%
Max Drawdown (5Y) Largest decline over 5 years	-18.52%	-20.19%	+1.67%
Max Drawdown (10Y) Largest decline over 10 years	-39.72%	—	—
Current Drawdown Current decline from peak	-2.27%	-1.08%	-1.19%
Average Drawdown Average peak-to-trough decline	-3.85%	-4.87%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	2.73%	-0.49%

Volatility

ONEV vs. VALQ - Volatility Comparison

SPDR Russell 1000 Low Volatility Focus ETF (ONEV) has a higher volatility of 4.58% compared to American Century STOXX U.S. Quality Value ETF (VALQ) at 3.02%. This indicates that ONEV's price experiences larger fluctuations and is considered to be riskier than VALQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONEV	VALQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	3.02%	+1.56%
Volatility (6M) Calculated over the trailing 6-month period	8.49%	8.02%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.54%	11.22%	+0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	14.48%	+0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	17.56%	-0.53%

ONEV vs. VALQ - Expense Ratio Comparison

ONEV has a 0.20% expense ratio, which is lower than VALQ's 0.29% expense ratio.

Dividends

ONEV vs. VALQ - Dividend Comparison

ONEV's dividend yield for the trailing twelve months is around 1.80%, which matches VALQ's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ONEV SPDR Russell 1000 Low Volatility Focus ETF	1.80%	1.81%	1.88%	1.79%	1.80%	1.44%	1.87%	2.07%	2.14%	6.91%	3.73%	0.21%
VALQ American Century STOXX U.S. Quality Value ETF	1.79%	1.88%	1.58%	1.76%	2.71%	1.58%	2.08%	2.31%	2.35%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ONEV and VALQ in my portfolio?

ONEV and VALQ have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ONEV or VALQ?

ONEV has higher volatility (4.58%) compared to VALQ (3.02%). In terms of maximum drawdown, ONEV dropped -39.72% vs VALQ's -38.19%.

Which ETF is better, ONEV or VALQ?

On 5-year performance, ONEV leads with 8.81% vs 8.79% for VALQ. On fees, ONEV is cheaper at 0.20% per year. On volatility, VALQ has been the lower-risk option at 3.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ONEV or VALQ?

Over the 5-year period, ONEV has performed better with a 8.81% return vs 8.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ONEV or VALQ?

ONEV is cheaper with a 0.20% expense ratio, compared with 0.29% for VALQ.

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

ONEV and VALQ have nearly identical dividend yields, around 1.80%.

What is the main difference between ONEV and VALQ?

ONEV is categorized as Low Volatility, while VALQ is Quality Factor. ONEV tracks Russell 1000 Low Volatility Focused Factor (TR), while VALQ tracks iSTOXX American Century USA Quality Value Index. They also come from different issuers: State Street and American Century. Their fees differ too: 0.20% for ONEV and 0.29% for VALQ.

Which has better risk-adjusted returns?

ONEV currently has the higher Sharpe Ratio (1.47 vs 1.46), 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.