ONEY vs. DGRO
Compare and contrast key facts about SPDR Russell 1000 Yield Focus ETF (ONEY) and iShares Core Dividend Growth ETF (DGRO).
ONEY and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ONEY is a passively managed fund by State Street that tracks the performance of the Russell 1000 Yield Focused Factor (TR). It was launched on Dec 2, 2015. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both ONEY and DGRO 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: ONEY or DGRO.
Key characteristics
| ONEY | DGRO | |
|---|---|---|
| YTD Return | 12.24% | 16.92% |
| 1Y Return | 24.37% | 27.13% |
| 3Y Return (Ann) | 7.13% | 7.26% |
| 5Y Return (Ann) | 11.80% | 11.55% |
| Sharpe Ratio | 2.02 | 2.97 |
| Sortino Ratio | 2.94 | 4.16 |
| Omega Ratio | 1.35 | 1.55 |
| Calmar Ratio | 2.37 | 3.30 |
| Martin Ratio | 11.44 | 19.66 |
| Ulcer Index | 2.32% | 1.44% |
| Daily Std Dev | 13.04% | 9.48% |
| Max Drawdown | -46.80% | -35.10% |
| Current Drawdown | -2.76% | -3.16% |
Correlation
The correlation between ONEY and DGRO is 0.77, 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
ONEY vs. DGRO - Performance Comparison
In the year-to-date period, ONEY achieves a 12.24% return, which is significantly lower than DGRO's 16.92% 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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ONEY vs. DGRO - Expense Ratio Comparison
ONEY has a 0.20% expense ratio, which is higher than DGRO's 0.08% 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
ONEY vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Yield Focus ETF (ONEY) and iShares Core Dividend Growth ETF (DGRO). 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
ONEY vs. DGRO - Dividend Comparison
ONEY's dividend yield for the trailing twelve months is around 3.10%, more than DGRO's 2.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ONEY SPDR Russell 1000 Yield Focus ETF | 3.10% | 3.14% | 3.17% | 2.46% | 2.74% | 3.17% | 3.72% | 10.73% | 3.19% | 0.29% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 2.23% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
ONEY vs. DGRO - Drawdown Comparison
The maximum ONEY drawdown since its inception was -46.80%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for ONEY and DGRO. For additional features, visit the drawdowns tool.
Volatility
ONEY vs. DGRO - Volatility Comparison
SPDR Russell 1000 Yield Focus ETF (ONEY) has a higher volatility of 2.69% compared to iShares Core Dividend Growth ETF (DGRO) at 2.52%. This indicates that ONEY's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.