ONEY vs. VOO
Compare and contrast key facts about SPDR Russell 1000 Yield Focus ETF (ONEY) and Vanguard S&P 500 ETF (VOO).
ONEY and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both ONEY and VOO 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 VOO.
Key characteristics
| ONEY | VOO | |
|---|---|---|
| YTD Return | 12.24% | 21.11% |
| 1Y Return | 24.37% | 32.98% |
| 3Y Return (Ann) | 7.13% | 8.44% |
| 5Y Return (Ann) | 11.80% | 15.04% |
| Sharpe Ratio | 2.02 | 2.84 |
| Sortino Ratio | 2.94 | 3.76 |
| Omega Ratio | 1.35 | 1.53 |
| Calmar Ratio | 2.37 | 4.05 |
| Martin Ratio | 11.44 | 18.51 |
| Ulcer Index | 2.32% | 1.85% |
| Daily Std Dev | 13.04% | 12.06% |
| Max Drawdown | -46.80% | -33.99% |
| Current Drawdown | -2.76% | -2.52% |
Correlation
The correlation between ONEY and VOO is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ONEY vs. VOO - Performance Comparison
In the year-to-date period, ONEY achieves a 12.24% return, which is significantly lower than VOO's 21.11% 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. VOO - Expense Ratio Comparison
ONEY has a 0.20% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ONEY vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Yield Focus ETF (ONEY) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
ONEY's dividend yield for the trailing twelve months is around 3.10%, more than VOO's 1.29% 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% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
ONEY vs. VOO - Drawdown Comparison
The maximum ONEY drawdown since its inception was -46.80%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ONEY and VOO. For additional features, visit the drawdowns tool.
Volatility
ONEY vs. VOO - Volatility Comparison
The current volatility for SPDR Russell 1000 Yield Focus ETF (ONEY) is 2.69%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.15%. This indicates that ONEY experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.