ONEY vs. DVLU
ONEY (SPDR Russell 1000 Yield Focus ETF) and DVLU (First Trust Dorsey Wright Momentum & Value ETF) are both exchange-traded funds - ONEY is a Mid Cap Value Equities fund tracking the Russell 1000 Yield Focused Factor Index, while DVLU is a Momentum fund tracking the Dorsey Wright Momentum Plus Value Index. Both are passively managed. Over the past 5 years, ONEY returned 9.56%/yr vs 12.25%/yr for DVLU. Their correlation of 0.83 suggests significant overlap in exposure. ONEY charges 0.20%/yr vs 0.60%/yr for DVLU.
Performance
ONEY vs. DVLU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ONEY achieves a 14.15% return, which is significantly higher than DVLU's 10.79% return.
ONEY
- 1D
- 0.24%
- 1M
- 1.02%
- YTD
- 14.15%
- 6M
- 13.74%
- 1Y
- 22.55%
- 3Y*
- 15.30%
- 5Y*
- 9.56%
- 10Y*
- 12.19%
DVLU
- 1D
- 0.30%
- 1M
- 4.14%
- YTD
- 10.79%
- 6M
- 8.85%
- 1Y
- 36.17%
- 3Y*
- 21.46%
- 5Y*
- 12.25%
- 10Y*
- —
ONEY vs. DVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ONEY SPDR Russell 1000 Yield Focus ETF | 14.15% | 7.74% | 11.63% | 11.12% | -3.60% | 37.11% | 2.17% | 27.45% | -14.41% |
DVLU First Trust Dorsey Wright Momentum & Value ETF | 10.79% | 23.67% | 13.36% | 18.84% | -9.73% | 41.67% | -6.68% | 33.59% | -24.03% |
Correlation
The correlation between ONEY and DVLU is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2018 | 0.83 |
The correlation between ONEY and DVLU shifts across timeframes, from 0.71 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ONEY vs. DVLU — Risk / Return Rank
ONEY
DVLU
ONEY vs. DVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Yield Focus ETF (ONEY) and First Trust Dorsey Wright Momentum & Value ETF (DVLU). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ONEY | DVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 2.97 | +0.01 |
| Martin ratioReturn relative to average drawdown | 10.64 | 10.71 | -0.07 |
Loading charts...
Drawdowns
ONEY vs. DVLU - Drawdown Comparison
The maximum ONEY drawdown since its inception was -46.80%, smaller than the maximum DVLU drawdown of -53.26%. Use the drawdown chart below to compare losses from any high point for ONEY and DVLU.
Loading charts...
Drawdown Indicators
| ONEY | DVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.80% | -53.26% | +6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.61% | -12.24% | +4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -17.50% | -24.86% | +7.36% |
Max Drawdown (5Y)Largest decline over 5 years | -18.93% | -24.86% | +5.93% |
Max Drawdown (10Y)Largest decline over 10 years | -46.80% | — | — |
Current DrawdownCurrent decline from peak | -2.18% | -0.65% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -8.73% | +3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 3.39% | -1.26% |
Volatility
ONEY vs. DVLU - Volatility Comparison
The current volatility for SPDR Russell 1000 Yield Focus ETF (ONEY) is 3.50%, while First Trust Dorsey Wright Momentum & Value ETF (DVLU) has a volatility of 3.70%. This indicates that ONEY experiences smaller price fluctuations and is considered to be less risky than DVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ONEY | DVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 3.70% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 12.34% | -3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 16.43% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.06% | 21.39% | -5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.88% | 25.73% | -5.85% |
ONEY vs. DVLU - Expense Ratio Comparison
ONEY has a 0.20% expense ratio, which is lower than DVLU's 0.60% expense ratio.
Dividends
ONEY vs. DVLU - Dividend Comparison
ONEY's dividend yield for the trailing twelve months is around 2.88%, more than DVLU's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVLU First Trust Dorsey Wright Momentum & Value ETF | 0.62% | 0.73% | 1.06% | 1.34% | 2.18% | 1.33% | 1.34% | 1.71% | 0.58% | 0.00% | 0.00% | 0.00% |
ONEY SPDR Russell 1000 Yield Focus ETF | 2.88% | 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 DVLU have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVLU has higher volatility (3.70%) compared to ONEY (3.50%). In terms of maximum drawdown, ONEY dropped -46.80% vs DVLU's -53.26%.
On 5-year performance, DVLU leads with 12.25% vs 9.56% for ONEY. On fees, ONEY is cheaper at 0.20% per year. On volatility, ONEY has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DVLU has performed better with a 12.25% return vs 9.56%. 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 0.60% for DVLU.
ONEY has the higher dividend yield at 2.88%, compared with 0.62% for DVLU.
ONEY is categorized as Mid Cap Value Equities, while DVLU is Momentum. ONEY tracks Russell 1000 Yield Focused Factor Index, while DVLU tracks Dorsey Wright Momentum Plus Value Index. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.20% for ONEY and 0.60% for DVLU.
DVLU currently has the higher Sharpe Ratio (2.22 vs 1.80), 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.
Find the right allocation for ONEY and DVLU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer