ONEY vs. RWK
Compare and contrast key facts about SPDR Russell 1000 Yield Focus ETF (ONEY) and Invesco S&P MidCap 400 Revenue ETF (RWK).
ONEY and RWK 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. RWK is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Revenue-Weighted Index. It was launched on Feb 22, 2008. Both ONEY and RWK 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 RWK.
Key characteristics
| ONEY | RWK | |
|---|---|---|
| YTD Return | 12.24% | 11.02% |
| 1Y Return | 24.37% | 25.23% |
| 3Y Return (Ann) | 7.13% | 7.56% |
| 5Y Return (Ann) | 11.80% | 14.35% |
| Sharpe Ratio | 2.02 | 1.66 |
| Sortino Ratio | 2.94 | 2.37 |
| Omega Ratio | 1.35 | 1.29 |
| Calmar Ratio | 2.37 | 2.78 |
| Martin Ratio | 11.44 | 9.34 |
| Ulcer Index | 2.32% | 3.02% |
| Daily Std Dev | 13.04% | 16.82% |
| Max Drawdown | -46.80% | -56.49% |
| Current Drawdown | -2.76% | -3.15% |
Correlation
The correlation between ONEY and RWK 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.
Performance
ONEY vs. RWK - Performance Comparison
In the year-to-date period, ONEY achieves a 12.24% return, which is significantly higher than RWK's 11.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ONEY vs. RWK - Expense Ratio Comparison
ONEY has a 0.20% expense ratio, which is lower than RWK's 0.39% expense ratio.
Risk-Adjusted Performance
ONEY vs. RWK - Risk-Adjusted Performance 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 Revenue ETF (RWK). 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. RWK - Dividend Comparison
ONEY's dividend yield for the trailing twelve months is around 3.10%, more than RWK's 1.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONEY SPDR Russell 1000 Yield Focus ETF | 3.10% | 3.14% | 3.17% | 2.46% | 2.74% | 3.17% | 3.72% | 10.73% | 3.19% | 0.29% | 0.00% | 0.00% |
RWK Invesco S&P MidCap 400 Revenue ETF | 1.09% | 1.05% | 1.18% | 0.85% | 0.96% | 1.09% | 1.22% | 0.74% | 1.30% | 0.92% | 1.04% | 1.29% |
Drawdowns
ONEY vs. RWK - Drawdown Comparison
The maximum ONEY drawdown since its inception was -46.80%, smaller than the maximum RWK drawdown of -56.49%. Use the drawdown chart below to compare losses from any high point for ONEY and RWK. For additional features, visit the drawdowns tool.
Volatility
ONEY vs. RWK - Volatility Comparison
The current volatility for SPDR Russell 1000 Yield Focus ETF (ONEY) is 2.69%, while Invesco S&P MidCap 400 Revenue ETF (RWK) has a volatility of 3.73%. This indicates that ONEY experiences smaller price fluctuations and is considered to be less risky than RWK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.