RDIV vs. ONEY

Last updated Jun 3, 2026

RDIV (Invesco S&P Ultra Dividend Revenue ETF) and ONEY (SPDR Russell 1000 Yield Focus ETF) are both Mid Cap Value Equities funds - RDIV tracks the S&P 900 Dividend Revenue-Weighted Index while ONEY tracks the Russell 1000 Yield Focused Factor Index. Both are passively managed. Over the past 10 years, RDIV returned 11.09%/yr vs 12.06%/yr for ONEY. Their correlation of 0.82 suggests significant overlap in exposure. RDIV charges 0.39%/yr vs 0.20%/yr for ONEY.

Performance

RDIV vs. ONEY - Performance Comparison

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

Returns By Period

In the year-to-date period, RDIV achieves a 13.43% return, which is significantly lower than ONEY's 14.47% return. Over the past 10 years, RDIV has underperformed ONEY with an annualized return of 11.09%, while ONEY has yielded a comparatively higher 12.06% annualized return.

RDIV

• 1D: 0.14%
• 1M: 2.82%
• YTD: 13.43%
• 6M: 12.91%
• 1Y: 29.73%
• 3Y*: 19.79%
• 5Y*: 10.41%
• 10Y*: 11.09%

ONEY

• 1D: 0.84%
• 1M: 2.42%
• YTD: 14.47%
• 6M: 15.40%
• 1Y: 24.45%
• 3Y*: 15.71%
• 5Y*: 8.85%
• 10Y*: 12.06%

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

RDIV vs. ONEY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RDIV Invesco S&P Ultra Dividend Revenue ETF	13.43%	12.36%	15.17%	4.66%	7.16%	29.12%	-9.31%	22.62%	-4.78%	11.63%
ONEY SPDR Russell 1000 Yield Focus ETF	14.47%	7.74%	11.63%	11.12%	-3.60%	37.11%	2.17%	27.45%	-8.71%	15.46%

Correlation

The correlation between RDIV and ONEY is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Dec 4, 2015	0.82

The correlation between RDIV and ONEY has been stable across timeframes, ranging from 0.82 to 0.92 - a consistent structural relationship.

RDIV vs. ONEY - Sectors Allocation Comparison

Sectors	RDIV	ONEY
Energy	28.8%	13.2%
Financial Services	18.0%	10.2%
Consumer Defensive	15.9%	12.2%
Consumer Cyclical	9.5%	11.8%
Real Estate	8.0%	9.7%
Healthcare	7.8%	3.8%
Utilities	6.4%	10.6%
Technology	5.1%	4.8%
Basic Materials	0.5%	8.2%
Communication Services	-	1.6%
Industrials	-	13.9%

Return for Risk

RDIV vs. ONEY — Risk / Return Rank

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

RDIV

RDIV Risk / Return Rank: 77
RDIV Sharpe Ratio Rank: 68
RDIV Sortino Ratio Rank: 74
RDIV Omega Ratio Rank: 65
RDIV Calmar Ratio Rank: 92
RDIV Martin Ratio Rank: 85

ONEY

ONEY Risk / Return Rank: 61
ONEY Sharpe Ratio Rank: 58
ONEY Sortino Ratio Rank: 63
ONEY Omega Ratio Rank: 57
ONEY Calmar Ratio Rank: 63
ONEY Martin Ratio Rank: 63

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.

RDIV vs. ONEY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Ultra Dividend Revenue ETF (RDIV) and SPDR Russell 1000 Yield Focus ETF (ONEY). 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.

	RDIV	ONEY	Difference
Sharpe ratio Return per unit of total volatility	2.27	1.98	+0.29
Sortino ratio Return per unit of downside risk	3.38	2.97	+0.41
Omega ratio Gain probability vs. loss probability	1.40	1.35	+0.05
Calmar ratio Return relative to maximum drawdown	6.12	3.18	+2.94
Martin ratio Return relative to average drawdown	18.06	11.47	+6.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDIV vs. ONEY - Sharpe Ratio Comparison

The current RDIV Sharpe Ratio is 2.27, which is comparable to the ONEY Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of RDIV and ONEY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RDIV	ONEY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	1.98	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.55	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.61	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.62	-0.07

Drawdowns

RDIV vs. ONEY - Drawdown Comparison

The maximum RDIV drawdown since its inception was -49.97%, which is greater than ONEY's maximum drawdown of -46.80%. Use the drawdown chart below to compare losses from any high point for RDIV and ONEY.

Drawdown Indicators

	RDIV	ONEY	Difference
Max Drawdown Largest peak-to-trough decline	-49.97%	-46.80%	-3.17%
Max Drawdown (1Y) Largest decline over 1 year	-4.84%	-7.61%	+2.77%
Max Drawdown (3Y) Largest decline over 3 years	-17.91%	-17.50%	-0.41%
Max Drawdown (5Y) Largest decline over 5 years	-24.89%	-18.93%	-5.96%
Max Drawdown (10Y) Largest decline over 10 years	-49.97%	-46.80%	-3.17%
Current Drawdown Current decline from peak	-0.36%	0.00%	-0.36%
Average Drawdown Average peak-to-trough decline	-5.86%	-4.99%	-0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	2.11%	-0.47%

Volatility

RDIV vs. ONEY - Volatility Comparison

Invesco S&P Ultra Dividend Revenue ETF (RDIV) has a higher volatility of 3.28% compared to SPDR Russell 1000 Yield Focus ETF (ONEY) at 3.10%. This indicates that RDIV's price experiences larger fluctuations and is considered to be riskier than ONEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDIV	ONEY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	3.10%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	8.43%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.16%	12.39%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	16.15%	+1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.89%	19.87%	+2.02%

RDIV vs. ONEY - Expense Ratio Comparison

RDIV has a 0.39% expense ratio, which is higher than ONEY's 0.20% expense ratio.

Dividends

RDIV vs. ONEY - Dividend Comparison

RDIV's dividend yield for the trailing twelve months is around 3.61%, more than ONEY's 2.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ONEY SPDR Russell 1000 Yield Focus ETF	2.81%	3.15%	3.18%	3.14%	3.17%	2.46%	2.74%	3.17%	3.72%	10.73%	6.31%	0.29%
RDIV Invesco S&P Ultra Dividend Revenue ETF	3.61%	3.94%	4.08%	3.93%	3.44%	3.31%	4.93%	3.84%	4.32%	4.26%	2.20%	4.49%

Frequently Asked Questions

Can I hold both RDIV and ONEY in my portfolio?

RDIV and ONEY have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDIV or ONEY?

RDIV has higher volatility (3.28%) compared to ONEY (3.10%). In terms of maximum drawdown, RDIV dropped -49.97% vs ONEY's -46.80%.

Which ETF is better, RDIV or ONEY?

On 10-year performance, ONEY leads with 12.06% vs 11.09% for RDIV. On fees, ONEY is cheaper at 0.20% per year. On volatility, ONEY has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDIV or ONEY?

Over the 10-year period, ONEY has performed better with a 12.06% return vs 11.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDIV or ONEY?

ONEY is cheaper with a 0.20% expense ratio, compared with 0.39% for RDIV.

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

RDIV has the higher dividend yield at 3.61%, compared with 2.81% for ONEY.

What is the main difference between RDIV and ONEY?

RDIV tracks S&P 900 Dividend Revenue-Weighted Index, while ONEY tracks Russell 1000 Yield Focused Factor Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.39% for RDIV and 0.20% for ONEY.

Which has better risk-adjusted returns?

RDIV currently has the higher Sharpe Ratio (2.27 vs 1.98), 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.