ONEY vs. QVAL
Compare and contrast key facts about SPDR Russell 1000 Yield Focus ETF (ONEY) and Alpha Architect U.S. Quantitative Value ETF (QVAL).
ONEY and QVAL 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 Index. It was launched on Dec 2, 2015. QVAL is an actively managed fund by Alpha Architect. It was launched on Oct 22, 2014.
Performance
ONEY vs. QVAL - Performance Comparison
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ONEY vs. QVAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONEY SPDR Russell 1000 Yield Focus ETF | 6.46% | 7.74% | 11.63% | 11.12% | -3.60% | 37.11% | 2.17% | 27.45% | -8.71% | 15.46% |
QVAL Alpha Architect U.S. Quantitative Value ETF | 7.30% | 10.98% | 12.21% | 28.40% | -11.80% | 34.40% | -5.93% | 24.06% | -17.28% | 25.59% |
Returns By Period
In the year-to-date period, ONEY achieves a 6.46% return, which is significantly lower than QVAL's 7.30% return. Over the past 10 years, ONEY has outperformed QVAL with an annualized return of 11.41%, while QVAL has yielded a comparatively lower 10.16% annualized return.
ONEY
- 1D
- 1.31%
- 1M
- -4.15%
- YTD
- 6.46%
- 6M
- 7.75%
- 1Y
- 13.49%
- 3Y*
- 11.93%
- 5Y*
- 9.12%
- 10Y*
- 11.41%
QVAL
- 1D
- 2.26%
- 1M
- -2.23%
- YTD
- 7.30%
- 6M
- 12.78%
- 1Y
- 24.34%
- 3Y*
- 17.50%
- 5Y*
- 11.66%
- 10Y*
- 10.16%
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ONEY vs. QVAL - Expense Ratio Comparison
ONEY has a 0.20% expense ratio, which is lower than QVAL's 0.28% expense ratio.
Return for Risk
ONEY vs. QVAL — Risk / Return Rank
ONEY
QVAL
ONEY vs. QVAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Yield Focus ETF (ONEY) and Alpha Architect U.S. Quantitative Value ETF (QVAL). 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 | QVAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.21 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.85 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.26 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.70 | -0.59 |
Martin ratioReturn relative to average drawdown | 4.67 | 7.34 | -2.66 |
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 | QVAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.21 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.54 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.45 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.46 | +0.12 |
Correlation
The correlation between ONEY and QVAL is 0.78, 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.
Dividends
ONEY vs. QVAL - Dividend Comparison
ONEY's dividend yield for the trailing twelve months is around 3.02%, more than QVAL's 1.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONEY SPDR Russell 1000 Yield Focus ETF | 3.02% | 3.15% | 3.18% | 3.14% | 3.17% | 2.46% | 2.74% | 3.17% | 3.72% | 10.73% | 6.31% | 0.29% |
QVAL Alpha Architect U.S. Quantitative Value ETF | 1.56% | 1.44% | 1.72% | 1.76% | 2.00% | 1.23% | 1.86% | 1.99% | 1.64% | 1.08% | 1.30% | 0.00% |
Drawdowns
ONEY vs. QVAL - Drawdown Comparison
The maximum ONEY drawdown since its inception was -46.80%, smaller than the maximum QVAL drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for ONEY and QVAL.
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Drawdown Indicators
| ONEY | QVAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.80% | -51.49% | +4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -14.61% | +1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -18.93% | -27.17% | +8.24% |
Max Drawdown (10Y)Largest decline over 10 years | -46.80% | -51.49% | +4.69% |
Current DrawdownCurrent decline from peak | -4.51% | -2.87% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -7.91% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 3.39% | -0.26% |
Volatility
ONEY vs. QVAL - Volatility Comparison
The current volatility for SPDR Russell 1000 Yield Focus ETF (ONEY) is 3.85%, while Alpha Architect U.S. Quantitative Value ETF (QVAL) has a volatility of 4.37%. This indicates that ONEY experiences smaller price fluctuations and is considered to be less risky than QVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONEY | QVAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 4.37% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 10.21% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 20.19% | -3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 21.64% | -5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.87% | 22.80% | -2.93% |