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RDIV vs. ONEY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RDIV vs. ONEY

Last updated Jun 24, 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 11.03%/yr vs 12.19%/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.

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Returns By Period

The year-to-date returns for both investments are quite close, with RDIV having a 13.79% return and ONEY slightly higher at 14.15%. Over the past 10 years, RDIV has underperformed ONEY with an annualized return of 11.03%, while ONEY has yielded a comparatively higher 12.19% annualized return.

RDIV

1D
1.18%
1M
0.13%
YTD
13.79%
6M
13.59%
1Y
28.68%
3Y*
19.82%
5Y*
11.36%
10Y*
11.03%

ONEY

1D
0.24%
1M
1.02%
YTD
14.15%
6M
13.74%
1Y
22.55%
3Y*
15.30%
5Y*
9.56%
10Y*
12.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RDIV vs. ONEY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RDIV
Invesco S&P Ultra Dividend Revenue ETF		13.79%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		14.15%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 0.84, 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

0.84

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 3, 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

Financial Services

17.8%
9.9%

Energy

17.3%
12.2%

Consumer Cyclical

15.0%
12.5%

Consumer Defensive

14.6%
12.0%

Communication Services

8.8%
1.6%

Real Estate

7.3%
9.7%

Healthcare

6.8%
4.2%

Technology

6.2%
6.1%

Utilities

6.2%
10.2%

Basic Materials

0.5%
8.2%

Industrials

-

13.6%

Financial Services

RDIV
17.8%
ONEY
9.9%

Energy

RDIV
17.3%
ONEY
12.2%

Consumer Cyclical

RDIV
15.0%
ONEY
12.5%

Consumer Defensive

RDIV
14.6%
ONEY
12.0%

Communication Services

RDIV
8.8%
ONEY
1.6%

Real Estate

RDIV
7.3%
ONEY
9.7%

Healthcare

RDIV
6.8%
ONEY
4.2%

Technology

RDIV
6.2%
ONEY
6.1%

Utilities

RDIV
6.2%
ONEY
10.2%

Basic Materials

RDIV
0.5%
ONEY
8.2%

Industrials

RDIV

-

ONEY
13.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P Ultra Dividend Revenue ETF

SPDR Russell 1000 Yield Focus ETF

Often compared with RDIV:
RDIV vs. SCHDRDIV vs. VOORDIV vs. AFKRDIV vs. VYMRDIV vs. BKERDIV vs. SPYRDIV vs. EQQQ.DE
Often compared with ONEY:
ONEY vs. ONEVONEY vs. ONEOONEY vs. SCHDONEY vs. RWKONEY vs. RFVONEY vs. VOEONEY vs. FSPGX

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: 7878
Overall Rank
RDIV Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
RDIV Sortino Ratio Rank: 7575
Sortino Ratio Rank
RDIV Omega Ratio Rank: 6666
Omega Ratio Rank
RDIV Calmar Ratio Rank: 9292
Calmar Ratio Rank
RDIV Martin Ratio Rank: 8585
Martin Ratio Rank
ONEY
ONEY Risk / Return Rank: 5959
Overall Rank
ONEY Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
ONEY Sortino Ratio Rank: 6161
Sortino Ratio Rank
ONEY Omega Ratio Rank: 5454
Omega Ratio Rank
ONEY Calmar Ratio Rank: 6464
Calmar Ratio Rank
ONEY Martin Ratio Rank: 6262
Martin Ratio Rank
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.

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.

RDIVONEYDifference
Sharpe ratioReturn per unit of total volatility
2.15
1.80

+0.35

Sortino ratioReturn per unit of downside risk
3.15
2.70

+0.45

Omega ratioGain probability vs. loss probability

1.37

1.32

+0.05

Calmar ratioReturn relative to maximum drawdown

5.95

2.98

+2.97

Martin ratioReturn relative to average drawdown

17.00

10.64

+6.36

RDIV vs. ONEY - Sharpe Ratio Comparison

The current RDIV Sharpe Ratio is 2.15, which is comparable to the ONEY Sharpe Ratio of 1.80. 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.

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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.

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Drawdown Indicators

RDIVONEYDifference

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

-2.54%

-2.18%

-0.36%

Average Drawdown

Average peak-to-trough decline

-5.84%

-4.97%

-0.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.69%

2.13%

-0.44%

Volatility

RDIV vs. ONEY - Volatility Comparison

Invesco S&P Ultra Dividend Revenue ETF (RDIV) has a higher volatility of 4.58% compared to SPDR Russell 1000 Yield Focus ETF (ONEY) at 3.50%. 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.

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Volatility by Period

RDIVONEYDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.58%

3.50%

+1.08%

Volatility (6M)

Calculated over the trailing 6-month period

9.01%

8.63%

+0.38%

Volatility (1Y)

Calculated over the trailing 1-year period

13.41%

12.57%

+0.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.48%

16.06%

+1.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.89%

19.88%

+2.01%

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 3.72%, more than ONEY's 2.88% yield.

PositionTTM20252024202320222021202020192018201720162015
ONEY
SPDR Russell 1000 Yield Focus ETF		2.88%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		3.72%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

RDIV and ONEY have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RDIV has higher volatility (4.58%) compared to ONEY (3.50%). In terms of maximum drawdown, RDIV dropped -49.97% vs ONEY's -46.80%.

On 10-year performance, ONEY leads with 12.19% vs 11.03% for RDIV. On fees, ONEY is cheaper at 0.20% per year. On volatility, ONEY has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ONEY has performed better with a 12.19% return vs 11.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

RDIV has the higher dividend yield at 3.72%, compared with 2.88% for 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.

RDIV currently has the higher Sharpe Ratio (2.15 vs 1.80), 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.

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