ONEY vs. CVAR
ONEY (SPDR Russell 1000 Yield Focus ETF) and CVAR (Cultivar ETF) are both Mid Cap Value Equities funds. ONEY is passively managed, while CVAR is actively managed. Over the past 3 years, ONEY returned 15.65%/yr vs 8.39%/yr for CVAR. Their correlation of 0.88 suggests significant overlap in exposure. ONEY charges 0.20%/yr vs 0.87%/yr for CVAR.
Performance
ONEY vs. CVAR - Performance Comparison
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Returns By Period
In the year-to-date period, ONEY achieves a 14.26% return, which is significantly higher than CVAR's 0.62% 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%
CVAR
- 1D
- -0.80%
- 1M
- -0.06%
- YTD
- 0.62%
- 6M
- 2.14%
- 1Y
- 11.92%
- 3Y*
- 8.39%
- 5Y*
- —
- 10Y*
- —
ONEY vs. CVAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ONEY SPDR Russell 1000 Yield Focus ETF | 14.26% | 7.74% | 11.63% | 11.12% | -3.60% | 2.25% |
CVAR Cultivar ETF | 0.62% | 14.95% | 3.12% | 11.74% | -5.03% | 0.71% |
Correlation
The correlation between ONEY and CVAR is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2021 | 0.88 |
The correlation between ONEY and CVAR has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.
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Return for Risk
ONEY vs. CVAR — Risk / Return Rank
ONEY
CVAR
ONEY vs. CVAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Yield Focus ETF (ONEY) and Cultivar ETF (CVAR). 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 | CVAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.18 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 1.42 | +1.67 |
| Martin ratioReturn relative to average drawdown | 11.15 | 3.45 | +7.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ONEY | CVAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 1.05 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | — | — |
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 | 0.37 | +0.25 |
Drawdowns
ONEY vs. CVAR - Drawdown Comparison
The maximum ONEY drawdown since its inception was -46.80%, which is greater than CVAR's maximum drawdown of -19.39%. Use the drawdown chart below to compare losses from any high point for ONEY and CVAR.
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Drawdown Indicators
| ONEY | CVAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.80% | -19.39% | -27.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.61% | -8.45% | +0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -17.50% | -15.58% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -18.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.80% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -6.22% | +6.04% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -5.51% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 3.46% | -1.35% |
Volatility
ONEY vs. CVAR - Volatility Comparison
SPDR Russell 1000 Yield Focus ETF (ONEY) has a higher volatility of 2.78% compared to Cultivar ETF (CVAR) at 2.24%. This indicates that ONEY's price experiences larger fluctuations and is considered to be riskier than CVAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONEY | CVAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.24% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 7.48% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.39% | 11.43% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 15.47% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.87% | 15.47% | +4.40% |
ONEY vs. CVAR - Expense Ratio Comparison
ONEY has a 0.20% expense ratio, which is lower than CVAR's 0.87% expense ratio.
Dividends
ONEY vs. CVAR - Dividend Comparison
ONEY's dividend yield for the trailing twelve months is around 2.81%, more than CVAR's 1.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVAR Cultivar ETF | 1.52% | 1.53% | 3.57% | 1.41% | 5.52% | 0.00% | 0.00% | 0.00% | 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
ONEY and CVAR have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONEY has higher volatility (2.78%) compared to CVAR (2.24%). In terms of maximum drawdown, ONEY dropped -46.80% vs CVAR's -19.39%.
On 3-year performance, ONEY leads with 15.65% vs 8.39% for CVAR. On fees, ONEY is cheaper at 0.20% per year. On volatility, CVAR has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ONEY has performed better with a 15.65% return vs 8.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ONEY is cheaper with a 0.20% expense ratio, compared with 0.87% for CVAR.
ONEY has the higher dividend yield at 2.81%, compared with 1.52% for CVAR.
They also come from different issuers: State Street and Cultivar. Their fees differ too: 0.20% for ONEY and 0.87% for CVAR.
ONEY currently has the higher Sharpe Ratio (1.90 vs 1.05), 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.
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