Correlation
The correlation between SPVU and ONEY is 0.69, 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.
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.
Performance
SPVU vs. ONEY - Performance Comparison
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Key characteristics
SPVU:
0.35
ONEY:
0.22
SPVU:
0.84
ONEY:
0.68
SPVU:
1.11
ONEY:
1.09
SPVU:
0.64
ONEY:
0.38
SPVU:
1.90
ONEY:
1.27
SPVU:
4.87%
ONEY:
5.28%
SPVU:
18.01%
ONEY:
16.78%
SPVU:
-48.05%
ONEY:
-46.80%
SPVU:
-5.71%
ONEY:
-7.50%
Returns By Period
In the year-to-date period, SPVU achieves a 2.99% return, which is significantly higher than ONEY's -0.91% return.
SPVU
2.99%
0.59%
-4.84%
6.20%
7.82%
14.23%
N/A
ONEY
-0.91%
1.32%
-6.94%
3.63%
6.08%
15.33%
N/A
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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 Rank
SPVU
ONEY
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.
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Dividends
SPVU vs. ONEY - Dividend Comparison
SPVU's dividend yield for the trailing twelve months is around 2.71%, less than ONEY's 3.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPVU Invesco S&P 500® Enhanced Value ETF | 2.71% | 2.71% | 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 | 3.23% | 3.18% | 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.
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Volatility
SPVU vs. ONEY - Volatility Comparison
The current volatility for Invesco S&P 500® Enhanced Value ETF (SPVU) is 4.18%, while SPDR Russell 1000 Yield Focus ETF (ONEY) has a volatility of 4.67%. This indicates that SPVU experiences smaller price fluctuations and is considered to be less risky than ONEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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