SPVU vs. ONEY
Compare and contrast key facts about Invesco S&P 500® Enhanced Value ETF (SPVU) and SPDR Russell 1000 Yield Focus ETF (ONEY).
SPVU and ONEY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPVU is a passively managed fund by Invesco that tracks the performance of the S&P 500 Enhanced Value Index. It was launched on Oct 9, 2015. 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. Both SPVU and ONEY 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: SPVU or ONEY.
Key characteristics
| SPVU | ONEY | |
|---|---|---|
| YTD Return | 21.59% | 17.17% |
| 1Y Return | 37.17% | 33.02% |
| 3Y Return (Ann) | 8.99% | 8.48% |
| 5Y Return (Ann) | 10.13% | 12.80% |
| Sharpe Ratio | 2.73 | 2.60 |
| Sortino Ratio | 4.00 | 3.72 |
| Omega Ratio | 1.50 | 1.46 |
| Calmar Ratio | 3.19 | 3.18 |
| Martin Ratio | 14.95 | 14.90 |
| Ulcer Index | 2.59% | 2.29% |
| Daily Std Dev | 14.16% | 13.13% |
| Max Drawdown | -48.05% | -46.80% |
| Current Drawdown | -0.13% | 0.00% |
Correlation
The correlation between SPVU and ONEY is 0.83, 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.
Performance
SPVU vs. ONEY - Performance Comparison
In the year-to-date period, SPVU achieves a 21.59% return, which is significantly higher than ONEY's 17.17% 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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SPVU vs. ONEY - Expense Ratio Comparison
SPVU has a 0.13% expense ratio, which is lower than ONEY's 0.20% expense ratio. Despite the difference, 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
SPVU vs. ONEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Enhanced Value ETF (SPVU) 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.
Dividends
SPVU vs. ONEY - Dividend Comparison
SPVU's dividend yield for the trailing twelve months is around 2.55%, less than ONEY's 2.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPVU Invesco S&P 500® Enhanced Value ETF | 2.55% | 3.04% | 2.49% | 2.30% | 2.70% | 2.23% | 2.47% | 2.37% | 1.11% | 0.54% |
ONEY SPDR Russell 1000 Yield Focus ETF | 2.97% | 3.14% | 3.17% | 2.46% | 2.74% | 3.17% | 3.72% | 10.73% | 3.19% | 0.29% |
Drawdowns
SPVU vs. ONEY - Drawdown Comparison
The maximum SPVU drawdown since its inception was -48.05%, roughly equal to the maximum ONEY drawdown of -46.80%. Use the drawdown chart below to compare losses from any high point for SPVU and ONEY. For additional features, visit the drawdowns tool.
Volatility
SPVU vs. ONEY - Volatility Comparison
Invesco S&P 500® Enhanced Value ETF (SPVU) has a higher volatility of 6.30% compared to SPDR Russell 1000 Yield Focus ETF (ONEY) at 3.60%. This indicates that SPVU'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.