ONEY vs. AVUV

Last updated Jun 4, 2026

ONEY (SPDR Russell 1000 Yield Focus ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - ONEY is a Mid Cap Value Equities fund tracking the Russell 1000 Yield Focused Factor Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. ONEY is passively managed, while AVUV is actively managed. Over the past 5 years, ONEY returned 8.74%/yr vs 10.71%/yr for AVUV. Their correlation of 0.91 suggests significant overlap in exposure. ONEY charges 0.20%/yr vs 0.25%/yr for AVUV.

Performance

ONEY vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Russell 1000 Yield Focus ETF (ONEY) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONEY achieves a 14.26% return, which is significantly lower than AVUV's 17.96% return.

ONEY

• 1D: -0.18%
• 1M: 3.52%
• YTD: 14.26%
• 6M: 14.38%
• 1Y: 23.42%
• 3Y*: 15.65%
• 5Y*: 8.74%
• 10Y*: 12.04%

AVUV

• 1D: -0.97%
• 1M: 1.21%
• YTD: 17.96%
• 6M: 17.23%
• 1Y: 36.48%
• 3Y*: 19.24%
• 5Y*: 10.71%
• 10Y*: —

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

ONEY vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ONEY SPDR Russell 1000 Yield Focus ETF	14.26%	7.74%	11.63%	11.12%	-3.60%	37.11%	2.17%	9.43%
AVUV Avantis US Small Cap Value ETF	17.96%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.50%

Correlation

The correlation between ONEY and AVUV is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.91

The correlation between ONEY and AVUV has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

ONEY vs. AVUV - Sectors Allocation Comparison

Sectors	ONEY	AVUV
Industrials	13.9%	13.9%
Energy	13.2%	18.2%
Consumer Defensive	12.2%	4.5%
Consumer Cyclical	11.8%	18.0%
Utilities	10.6%	0.1%
Financial Services	10.2%	25.8%
Real Estate	9.7%	0.7%
Basic Materials	8.2%	4.9%
Technology	4.8%	7.0%
Healthcare	3.8%	4.2%
Communication Services	1.6%	2.8%

Return for Risk

ONEY vs. AVUV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ONEY

ONEY Risk / Return Rank: 58
ONEY Sharpe Ratio Rank: 55
ONEY Sortino Ratio Rank: 60
ONEY Omega Ratio Rank: 54
ONEY Calmar Ratio Rank: 62
ONEY Martin Ratio Rank: 62

AVUV

AVUV Risk / Return Rank: 67
AVUV Sharpe Ratio Rank: 61
AVUV Sortino Ratio Rank: 63
AVUV Omega Ratio Rank: 58
AVUV Calmar Ratio Rank: 84
AVUV Martin Ratio Rank: 72

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.

ONEY vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Yield Focus ETF (ONEY) and Avantis US Small Cap Value ETF (AVUV). 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.

	ONEY	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.10	-0.20
Sortino ratio: Return per unit of downside risk	2.86	3.02	-0.16
Omega ratio: Gain probability vs. loss probability	1.34	1.36	-0.03
Calmar ratio: Return relative to maximum drawdown	3.09	4.61	-1.52
Martin ratio: Return relative to average drawdown	11.15	13.69	-2.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ONEY vs. AVUV - Sharpe Ratio Comparison

The current ONEY Sharpe Ratio is 1.90, which is comparable to the AVUV Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of ONEY and AVUV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ONEY	AVUV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	2.10	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.47	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.56	+0.06

Drawdowns

ONEY vs. AVUV - Drawdown Comparison

The maximum ONEY drawdown since its inception was -46.80%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for ONEY and AVUV.

Drawdown Indicators

	ONEY	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-46.80%	-49.42%	+2.62%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-7.95%	+0.34%
Max Drawdown (3Y) Largest decline over 3 years	-17.50%	-28.79%	+11.29%
Max Drawdown (5Y) Largest decline over 5 years	-18.93%	-28.79%	+9.86%
Max Drawdown (10Y) Largest decline over 10 years	-46.80%	—	—
Current Drawdown Current decline from peak	-0.18%	-1.12%	+0.94%
Average Drawdown Average peak-to-trough decline	-4.98%	-7.95%	+2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	2.67%	-0.56%

Volatility

ONEY vs. AVUV - Volatility Comparison

The current volatility for SPDR Russell 1000 Yield Focus ETF (ONEY) is 2.78%, while Avantis US Small Cap Value ETF (AVUV) has a volatility of 4.08%. This indicates that ONEY experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONEY	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	4.08%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	8.42%	11.34%	-2.92%
Volatility (1Y) Calculated over the trailing 1-year period	12.39%	17.54%	-5.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	22.74%	-6.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.87%	28.30%	-8.43%

ONEY vs. AVUV - Expense Ratio Comparison

ONEY has a 0.20% expense ratio, which is lower than AVUV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ONEY vs. AVUV - Dividend Comparison

ONEY's dividend yield for the trailing twelve months is around 2.81%, more than AVUV's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUV Avantis US Small Cap Value ETF	1.29%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
ONEY SPDR Russell 1000 Yield Focus ETF	2.81%	3.15%	3.18%	3.14%	3.17%	2.46%	2.74%	3.17%	3.72%	10.73%	6.31%	0.29%

Frequently Asked Questions

Can I hold both ONEY and AVUV in my portfolio?

ONEY and AVUV have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ONEY or AVUV?

AVUV has higher volatility (4.08%) compared to ONEY (2.78%). In terms of maximum drawdown, ONEY dropped -46.80% vs AVUV's -49.42%.

Which ETF is better, ONEY or AVUV?

On 5-year performance, AVUV leads with 10.71% vs 8.74% for ONEY. On fees, ONEY is cheaper at 0.20% per year. On volatility, ONEY has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ONEY or AVUV?

Over the 5-year period, AVUV has performed better with a 10.71% return vs 8.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ONEY or AVUV?

ONEY is cheaper with a 0.20% expense ratio, compared with 0.25% for AVUV.

Which ETF pays a higher dividend yield, ONEY or AVUV?

ONEY has the higher dividend yield at 2.81%, compared with 1.29% for AVUV.

What is the main difference between ONEY and AVUV?

ONEY is categorized as Mid Cap Value Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: State Street and Avantis. Their fees differ too: 0.20% for ONEY and 0.25% for AVUV.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.10 vs 1.90), 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.