ONEV vs. VOE
Compare and contrast key facts about SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and Vanguard Mid-Cap Value ETF (VOE).
ONEV and VOE 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. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. Both ONEV and VOE 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 VOE.
Key characteristics
| ONEV | VOE | |
|---|---|---|
| YTD Return | 13.05% | 15.82% |
| 1Y Return | 23.69% | 28.15% |
| 3Y Return (Ann) | 7.02% | 5.88% |
| 5Y Return (Ann) | 10.83% | 9.98% |
| Sharpe Ratio | 2.32 | 2.53 |
| Sortino Ratio | 3.36 | 3.59 |
| Omega Ratio | 1.41 | 1.45 |
| Calmar Ratio | 3.45 | 2.37 |
| Martin Ratio | 10.74 | 15.77 |
| Ulcer Index | 2.39% | 1.93% |
| Daily Std Dev | 11.00% | 11.92% |
| Max Drawdown | -39.72% | -61.55% |
| Current Drawdown | -2.45% | -3.05% |
Correlation
The correlation between ONEV and VOE is 0.86, 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. VOE - Performance Comparison
In the year-to-date period, ONEV achieves a 13.05% return, which is significantly lower than VOE's 15.82% return. 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. VOE - Expense Ratio Comparison
ONEV has a 0.20% expense ratio, which is higher than VOE's 0.07% 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%.
Risk-Adjusted Performance
ONEV vs. VOE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and Vanguard Mid-Cap Value ETF (VOE). 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. VOE - Dividend Comparison
ONEV's dividend yield for the trailing twelve months is around 1.72%, less than VOE's 2.13% 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% |
VOE Vanguard Mid-Cap Value ETF | 2.13% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
ONEV vs. VOE - Drawdown Comparison
The maximum ONEV drawdown since its inception was -39.72%, smaller than the maximum VOE drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for ONEV and VOE. For additional features, visit the drawdowns tool.
Volatility
ONEV vs. VOE - Volatility Comparison
SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and Vanguard Mid-Cap Value ETF (VOE) have volatilities of 2.61% and 2.74%, 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.