ONEY vs. DGRO

Last updated Jun 4, 2026

ONEY (SPDR Russell 1000 Yield Focus ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - ONEY is a Mid Cap Value Equities fund tracking the Russell 1000 Yield Focused Factor Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 10 years, ONEY returned 12.04%/yr vs 13.30%/yr for DGRO. A 0.78 correlation means they provide meaningful diversification when combined. ONEY charges 0.20%/yr vs 0.08%/yr for DGRO.

Performance

ONEY vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Russell 1000 Yield Focus ETF (ONEY) and iShares Core Dividend Growth ETF (DGRO). 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 higher than DGRO's 8.76% return. Over the past 10 years, ONEY has underperformed DGRO with an annualized return of 12.04%, while DGRO has yielded a comparatively higher 13.30% annualized 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%

DGRO

• 1D: -0.28%
• 1M: 3.14%
• YTD: 8.76%
• 6M: 8.75%
• 1Y: 22.54%
• 3Y*: 16.99%
• 5Y*: 10.54%
• 10Y*: 13.30%

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

ONEY vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ONEY SPDR Russell 1000 Yield Focus ETF	14.26%	7.74%	11.63%	11.12%	-3.60%	37.11%	2.17%	27.45%	-8.71%	15.46%
DGRO iShares Core Dividend Growth ETF	8.76%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%

Correlation

The correlation between ONEY and DGRO is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Dec 4, 2015	0.78

The correlation between ONEY and DGRO shifts across timeframes, from 0.78 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.

ONEY vs. DGRO - Sectors Allocation Comparison

Sectors	ONEY	DGRO
Industrials	13.9%	10.8%
Energy	13.2%	5.6%
Consumer Defensive	12.2%	11.5%
Consumer Cyclical	11.8%	5.7%
Utilities	10.6%	6.9%
Financial Services	10.2%	21.2%
Real Estate	9.7%	-
Basic Materials	8.2%	2.5%
Technology	4.8%	19.4%
Healthcare	3.8%	16.4%
Communication Services	1.6%	0.1%

Return for Risk

ONEY vs. DGRO — 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

DGRO

DGRO Risk / Return Rank: 71
DGRO Sharpe Ratio Rank: 71
DGRO Sortino Ratio Rank: 76
DGRO Omega Ratio Rank: 70
DGRO Calmar Ratio Rank: 69
DGRO Martin Ratio Rank: 71

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. DGRO - Risk-Adjusted Trends 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.

	ONEY	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.39	-0.49
Sortino ratio: Return per unit of downside risk	2.86	3.49	-0.63
Omega ratio: Gain probability vs. loss probability	1.34	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	3.09	3.50	-0.41
Martin ratio: Return relative to average drawdown	11.15	13.52	-2.37
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. DGRO - Sharpe Ratio Comparison

The current ONEY Sharpe Ratio is 1.90, which is comparable to the DGRO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of ONEY and DGRO, 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	DGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	2.39	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.77	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.80	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.76	-0.15

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.

Drawdown Indicators

	ONEY	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-46.80%	-35.10%	-11.70%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-6.47%	-1.14%
Max Drawdown (3Y) Largest decline over 3 years	-17.50%	-14.03%	-3.47%
Max Drawdown (5Y) Largest decline over 5 years	-18.93%	-19.31%	+0.38%
Max Drawdown (10Y) Largest decline over 10 years	-46.80%	-35.10%	-11.70%
Current Drawdown Current decline from peak	-0.18%	-0.28%	+0.10%
Average Drawdown Average peak-to-trough decline	-4.98%	-3.44%	-1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.67%	+0.44%

Volatility

ONEY vs. DGRO - Volatility Comparison

SPDR Russell 1000 Yield Focus ETF (ONEY) has a higher volatility of 2.78% compared to iShares Core Dividend Growth ETF (DGRO) at 2.21%. 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.

Volatility by Period

	ONEY	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	2.21%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	8.42%	6.91%	+1.51%
Volatility (1Y) Calculated over the trailing 1-year period	12.39%	9.48%	+2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	13.82%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.87%	16.62%	+3.25%

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%.

Dividends

ONEY vs. DGRO - Dividend Comparison

ONEY's dividend yield for the trailing twelve months is around 2.81%, more than DGRO's 1.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.96%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
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 DGRO in my portfolio?

ONEY and DGRO have a correlation of 0.84, 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 DGRO?

ONEY has higher volatility (2.78%) compared to DGRO (2.21%). In terms of maximum drawdown, ONEY dropped -46.80% vs DGRO's -35.10%.

Which ETF is better, ONEY or DGRO?

On 10-year performance, DGRO leads with 13.30% vs 12.04% for ONEY. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ONEY or DGRO?

Over the 10-year period, DGRO has performed better with a 13.30% return vs 12.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ONEY or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.20% for ONEY.

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

ONEY has the higher dividend yield at 2.81%, compared with 1.96% for DGRO.

What is the main difference between ONEY and DGRO?

ONEY is categorized as Mid Cap Value Equities, while DGRO is Large Cap Growth Equities. ONEY tracks Russell 1000 Yield Focused Factor Index, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for ONEY and 0.08% for DGRO.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.39 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.