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 Index. 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.
Performance
ONEY vs. RWK - Performance Comparison
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ONEY vs. RWK - 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% |
RWK Invesco S&P MidCap 400 Revenue ETF | 1.75% | 10.27% | 11.94% | 23.76% | -8.19% | 34.31% | 11.06% | 28.20% | -14.65% | 13.39% |
Returns By Period
In the year-to-date period, ONEY achieves a 6.46% return, which is significantly higher than RWK's 1.75% return. Both investments have delivered pretty close results over the past 10 years, with ONEY having a 11.41% annualized return and RWK 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%
RWK
- 1D
- 2.65%
- 1M
- -4.67%
- YTD
- 1.75%
- 6M
- 3.23%
- 1Y
- 20.47%
- 3Y*
- 13.66%
- 5Y*
- 9.50%
- 10Y*
- 11.65%
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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.
Return for Risk
ONEY vs. RWK — Risk / Return Rank
ONEY
RWK
ONEY vs. RWK - 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 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.
| ONEY | RWK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.94 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.48 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.46 | -0.35 |
Martin ratioReturn relative to average drawdown | 4.67 | 5.14 | -0.47 |
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 | RWK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.94 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.45 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.51 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.45 | +0.13 |
Correlation
The correlation between ONEY and RWK is 0.82, 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. RWK - Dividend Comparison
ONEY's dividend yield for the trailing twelve months is around 3.02%, more than RWK's 1.25% 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% |
RWK Invesco S&P MidCap 400 Revenue ETF | 1.25% | 1.25% | 1.11% | 1.05% | 1.18% | 0.85% | 0.96% | 1.09% | 1.22% | 0.99% | 1.30% | 0.92% |
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.
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Drawdown Indicators
| ONEY | RWK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.80% | -56.49% | +9.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -14.17% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -18.93% | -24.58% | +5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -46.80% | -46.20% | -0.60% |
Current DrawdownCurrent decline from peak | -4.51% | -7.69% | +3.18% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -7.60% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 4.01% | -0.88% |
Volatility
ONEY vs. RWK - Volatility Comparison
The current volatility for SPDR Russell 1000 Yield Focus ETF (ONEY) is 3.85%, while Invesco S&P MidCap 400 Revenue ETF (RWK) has a volatility of 5.93%. 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.
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Volatility by Period
| ONEY | RWK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 5.93% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 12.12% | -2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 21.97% | -4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 21.14% | -4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.87% | 22.93% | -3.06% |