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ONEY vs. RFV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ONEY vs. RFV

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR Russell 1000 Yield Focus ETF (ONEY) and Invesco S&P MidCap 400® Pure Value ETF (RFV).

ONEY and RFV 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. RFV is a passively managed fund by Invesco that tracks the performance of the S&P Mid Cap 400 Pure Value. It was launched on Mar 1, 2006. Both ONEY and RFV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ONEY vs. RFV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Russell 1000 Yield Focus ETF (ONEY) and Invesco S&P MidCap 400® Pure Value ETF (RFV). The values are adjusted to include any dividend payments, if applicable.

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ONEY vs. RFV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
RFV
Invesco S&P MidCap 400® Pure Value ETF		2.24%7.66%5.63%30.26%-3.99%33.02%9.61%24.98%-18.56%14.74%

Returns By Period

In the year-to-date period, ONEY achieves a 6.46% return, which is significantly higher than RFV's 2.24% return. Both investments have delivered pretty close results over the past 10 years, with ONEY having a 11.41% annualized return and RFV not far ahead at 11.65%.

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%

RFV

1D
1.99%
1M
-3.38%
YTD
2.24%
6M
2.35%
1Y
16.32%
3Y*
13.21%
5Y*
9.38%
10Y*
11.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Russell 1000 Yield Focus ETF

Invesco S&P MidCap 400® Pure Value ETF

Often compared with ONEY:
ONEY vs. ONEVONEY vs. ONEOONEY vs. SCHDONEY vs. RWKONEY vs. FSPGXONEY vs. VOEONEY vs. VOO
Often compared with RFV:
RFV vs. RPVRFV vs. RFGRFV vs. XMMORFV vs. XMHQRFV vs. RWKRFV vs. RWJRFV vs. XMVM

ONEY vs. RFV - Expense Ratio Comparison

ONEY has a 0.20% expense ratio, which is lower than RFV's 0.35% expense ratio.

RFV
Invesco S&P MidCap 400® Pure Value ETF
ONEY
SPDR Russell 1000 Yield Focus ETF

Return for Risk

ONEY vs. RFV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ONEY
ONEY Risk / Return Rank: 4646
Overall Rank
ONEY Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
ONEY Sortino Ratio Rank: 4747
Sortino Ratio Rank
ONEY Omega Ratio Rank: 4444
Omega Ratio Rank
ONEY Calmar Ratio Rank: 4545
Calmar Ratio Rank
ONEY Martin Ratio Rank: 5050
Martin Ratio Rank
RFV
RFV Risk / Return Rank: 4141
Overall Rank
RFV Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
RFV Sortino Ratio Rank: 4242
Sortino Ratio Rank
RFV Omega Ratio Rank: 4040
Omega Ratio Rank
RFV Calmar Ratio Rank: 4444
Calmar Ratio Rank
RFV Martin Ratio Rank: 3939
Martin Ratio Rank
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. RFV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Yield Focus ETF (ONEY) and Invesco S&P MidCap 400® Pure Value ETF (RFV). 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.

ONEYRFVDifference

Sharpe ratio

Return per unit of total volatility

0.79

0.67

+0.12

Sortino ratio

Return per unit of downside risk

1.23

1.14

+0.09

Omega ratio

Gain probability vs. loss probability

1.17

1.15

+0.02

Calmar ratio

Return relative to maximum drawdown

1.11

1.06

+0.05

Martin ratio

Return relative to average drawdown

4.67

3.47

+1.20

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. RFV - Sharpe Ratio Comparison

The current ONEY Sharpe Ratio is 0.79, which is comparable to the RFV Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of ONEY and RFV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ONEYRFVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.79

0.67

+0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.56

0.42

+0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.47

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.36

+0.22

Correlation

The correlation between ONEY and RFV is 0.81, 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. RFV - Dividend Comparison

ONEY's dividend yield for the trailing twelve months is around 3.02%, more than RFV's 2.04% yield.

TTM20252024202320222021202020192018201720162015
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%
RFV
Invesco S&P MidCap 400® Pure Value ETF		2.04%2.07%1.31%1.27%2.05%1.60%1.52%1.71%1.39%1.36%0.88%1.79%

Drawdowns

ONEY vs. RFV - Drawdown Comparison

The maximum ONEY drawdown since its inception was -46.80%, smaller than the maximum RFV drawdown of -71.82%. Use the drawdown chart below to compare losses from any high point for ONEY and RFV.

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Drawdown Indicators

ONEYRFVDifference

Max Drawdown

Largest peak-to-trough decline

-46.80%

-71.82%

+25.02%

Max Drawdown (1Y)

Largest decline over 1 year

-13.15%

-15.62%

+2.47%

Max Drawdown (5Y)

Largest decline over 5 years

-18.93%

-24.65%

+5.72%

Max Drawdown (10Y)

Largest decline over 10 years

-46.80%

-52.24%

+5.44%

Current Drawdown

Current decline from peak

-4.51%

-8.48%

+3.97%

Average Drawdown

Average peak-to-trough decline

-5.05%

-9.85%

+4.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.13%

4.78%

-1.65%

Volatility

ONEY vs. RFV - Volatility Comparison

The current volatility for SPDR Russell 1000 Yield Focus ETF (ONEY) is 3.85%, while Invesco S&P MidCap 400® Pure Value ETF (RFV) has a volatility of 5.23%. This indicates that ONEY experiences smaller price fluctuations and is considered to be less risky than RFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ONEYRFVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.85%

5.23%

-1.38%

Volatility (6M)

Calculated over the trailing 6-month period

9.25%

13.17%

-3.92%

Volatility (1Y)

Calculated over the trailing 1-year period

17.16%

24.40%

-7.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.31%

22.22%

-5.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.87%

25.05%

-5.18%