ONEY vs. SYLD

Last updated Jul 17, 2026

ONEY (SPDR Russell 1000 Yield Focus ETF) and SYLD (Cambria Shareholder Yield ETF) are both Mid Cap Value Equities funds. ONEY is passively managed, while SYLD is actively managed. Over the past 10 years, ONEY returned 11.82%/yr vs 13.51%/yr for SYLD. Their correlation of 0.83 suggests significant overlap in exposure. ONEY charges 0.20%/yr vs 0.59%/yr for SYLD.

Performance

ONEY vs. SYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Russell 1000 Yield Focus ETF (ONEY) and Cambria Shareholder Yield ETF (SYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONEY achieves a 17.81% return, which is significantly lower than SYLD's 21.10% return. Over the past 10 years, ONEY has underperformed SYLD with an annualized return of 11.82%, while SYLD has yielded a comparatively higher 13.51% annualized return.

ONEY

• 1D: 1.92%
• 1M: 1.66%
• 6M: 11.06%
• YTD: 17.81%
• 1Y: 23.93%
• 3Y*: 14.26%
• 5Y*: 10.41%
• 10Y*: 11.82%

SYLD

• 1D: 1.89%
• 1M: 5.16%
• 6M: 13.57%
• YTD: 21.10%
• 1Y: 29.15%
• 3Y*: 12.45%
• 5Y*: 9.30%
• 10Y*: 13.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ONEY vs. SYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ONEY SPDR Russell 1000 Yield Focus ETF	17.81%	7.74%	11.63%	11.12%	-3.60%	37.11%	2.17%	27.45%	-8.71%	15.46%
SYLD Cambria Shareholder Yield ETF	21.10%	3.94%	3.37%	16.46%	-6.14%	48.59%	13.61%	26.98%	-13.51%	20.03%

Correlation

The correlation between ONEY and SYLD is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015	0.83

The correlation between ONEY and SYLD has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

ONEY vs. SYLD - Sectors Allocation Comparison

Sectors	ONEY	SYLD
Industrials	13.6%	8.3%
Consumer Cyclical	12.5%	23.5%
Energy	12.2%	17.1%
Consumer Defensive	12.0%	6.7%
Utilities	10.2%	-
Financial Services	9.9%	22.7%
Real Estate	9.7%	-
Basic Materials	8.2%	8.0%
Technology	6.1%	2.1%
Healthcare	4.2%	5.7%
Communication Services	1.6%	6.0%

Return for Risk

ONEY vs. SYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ONEY

ONEY Risk / Return Rank: 77
ONEY Sharpe Ratio Rank: 76
ONEY Sortino Ratio Rank: 81
ONEY Omega Ratio Rank: 72
ONEY Calmar Ratio Rank: 77
ONEY Martin Ratio Rank: 77

SYLD

SYLD Risk / Return Rank: 79
SYLD Sharpe Ratio Rank: 75
SYLD Sortino Ratio Rank: 81
SYLD Omega Ratio Rank: 70
SYLD Calmar Ratio Rank: 89
SYLD Martin Ratio Rank: 77

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. SYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Yield Focus ETF (ONEY) and Cambria Shareholder Yield ETF (SYLD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ONEY	SYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.91	+0.01
Sortino ratio: Return per unit of downside risk	2.89	2.89	0.00
Omega ratio: Gain probability vs. loss probability	1.34	1.33	+0.01
Calmar ratio: Return relative to maximum drawdown	3.16	4.23	-1.07
Martin ratio: Return relative to average drawdown	11.32	11.44	-0.12

ONEY vs. SYLD - Sharpe Ratio Comparison

The current ONEY Sharpe Ratio is 1.92, which is comparable to the SYLD Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of ONEY and SYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ONEY vs. SYLD - Drawdown Comparison

The maximum ONEY drawdown since its inception was -46.80%, roughly equal to the maximum SYLD drawdown of -45.36%. Use the drawdown chart below to compare losses from any high point for ONEY and SYLD.

Drawdown Indicators

	ONEY	SYLD	Difference
Max Drawdown Largest peak-to-trough decline	-46.80%	-45.36%	-1.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-6.93%	-0.68%
Max Drawdown (3Y) Largest decline over 3 years	-17.50%	-26.62%	+9.12%
Max Drawdown (5Y) Largest decline over 5 years	-18.93%	-26.62%	+7.69%
Max Drawdown (10Y) Largest decline over 10 years	-46.80%	-45.36%	-1.44%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.95%	-5.62%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.56%	-0.44%

Volatility

ONEY vs. SYLD - Volatility Comparison

SPDR Russell 1000 Yield Focus ETF (ONEY) has a higher volatility of 4.21% compared to Cambria Shareholder Yield ETF (SYLD) at 3.70%. This indicates that ONEY's price experiences larger fluctuations and is considered to be riskier than SYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONEY	SYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	3.70%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	8.75%	9.54%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	12.49%	15.31%	-2.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.08%	20.35%	-4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.79%	22.90%	-3.11%

ONEY vs. SYLD - Expense Ratio Comparison

ONEY has a 0.20% expense ratio, which is lower than SYLD's 0.59% expense ratio.

Dividends

ONEY vs. SYLD - Dividend Comparison

ONEY's dividend yield for the trailing twelve months is around 2.79%, more than SYLD's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ONEY SPDR Russell 1000 Yield Focus ETF	2.79%	3.15%	3.18%	3.14%	3.17%	2.46%	2.74%	3.17%	3.72%	10.73%	6.31%	0.29%
SYLD Cambria Shareholder Yield ETF	1.83%	2.25%	2.04%	1.92%	2.20%	2.37%	1.99%	2.08%	2.52%	1.57%	1.92%	6.93%

Frequently Asked Questions

Can I hold both ONEY and SYLD in my portfolio?

ONEY and SYLD have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ONEY or SYLD?

ONEY has higher volatility (4.21%) compared to SYLD (3.70%). In terms of maximum drawdown, ONEY dropped -46.80% vs SYLD's -45.36%.

Which ETF is better, ONEY or SYLD?

On 10-year performance, SYLD leads with 13.51% vs 11.82% for ONEY. On fees, ONEY is cheaper at 0.20% per year. On volatility, SYLD has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ONEY or SYLD?

Over the 10-year period, SYLD has performed better with a 13.51% return vs 11.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ONEY or SYLD?

ONEY is cheaper with a 0.20% expense ratio, compared with 0.59% for SYLD.

Which ETF pays a higher dividend yield, ONEY or SYLD?

ONEY has the higher dividend yield at 2.79%, compared with 1.83% for SYLD.

What is the main difference between ONEY and SYLD?

They also come from different issuers: State Street and Cambria. Their fees differ too: 0.20% for ONEY and 0.59% for SYLD.

Which has better risk-adjusted returns?

ONEY currently has the higher Sharpe Ratio (1.92 vs 1.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.