ONEY vs. ONEO
Compare and contrast key facts about SPDR Russell 1000 Yield Focus ETF (ONEY) and SPDR Russell 1000 Momentum Focus ETF (ONEO).
ONEY and ONEO 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. ONEO is a passively managed fund by State Street that tracks the performance of the Russell 1000 Momentum Focused Factor Index. It was launched on Dec 2, 2015. Both ONEY and ONEO 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 ONEO.
Correlation
The correlation between ONEY and ONEO is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ONEY vs. ONEO - Performance Comparison
Key characteristics
ONEY:
0.13
ONEO:
0.33
ONEY:
0.39
ONEO:
0.65
ONEY:
1.05
ONEO:
1.09
ONEY:
0.18
ONEO:
0.34
ONEY:
0.64
ONEO:
1.16
ONEY:
5.05%
ONEO:
5.81%
ONEY:
16.54%
ONEO:
18.62%
ONEY:
-46.80%
ONEO:
-40.86%
ONEY:
-8.81%
ONEO:
-8.38%
Returns By Period
In the year-to-date period, ONEY achieves a -2.32% return, which is significantly lower than ONEO's -1.17% return.
ONEY
-2.32%
3.25%
-6.10%
2.16%
17.53%
N/A
ONEO
-1.17%
5.34%
-5.91%
6.09%
14.61%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ONEY vs. ONEO - Expense Ratio Comparison
Both ONEY and ONEO have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
ONEY vs. ONEO — Risk-Adjusted Performance Rank
ONEY
ONEO
ONEY vs. ONEO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Yield Focus ETF (ONEY) and SPDR Russell 1000 Momentum Focus ETF (ONEO). 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. ONEO - Dividend Comparison
ONEY's dividend yield for the trailing twelve months is around 3.28%, more than ONEO's 1.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ONEY SPDR Russell 1000 Yield Focus ETF | 3.28% | 3.18% | 3.14% | 3.17% | 2.46% | 2.74% | 3.17% | 3.72% | 10.73% | 3.19% | 0.29% |
ONEO SPDR Russell 1000 Momentum Focus ETF | 1.39% | 1.30% | 1.56% | 1.74% | 1.19% | 1.28% | 1.63% | 1.72% | 7.69% | 1.82% | 0.10% |
Drawdowns
ONEY vs. ONEO - Drawdown Comparison
The maximum ONEY drawdown since its inception was -46.80%, which is greater than ONEO's maximum drawdown of -40.86%. Use the drawdown chart below to compare losses from any high point for ONEY and ONEO. For additional features, visit the drawdowns tool.
Volatility
ONEY vs. ONEO - Volatility Comparison
The current volatility for SPDR Russell 1000 Yield Focus ETF (ONEY) is 5.60%, while SPDR Russell 1000 Momentum Focus ETF (ONEO) has a volatility of 6.02%. This indicates that ONEY experiences smaller price fluctuations and is considered to be less risky than ONEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.