VFVA vs. ONEY
Compare and contrast key facts about Vanguard U.S. Value Factor ETF (VFVA) and SPDR Russell 1000 Yield Focus ETF (ONEY).
VFVA and ONEY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VFVA is managed by Vanguard. It was launched on Feb 13, 2018. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VFVA or ONEY.
Key characteristics
| VFVA | ONEY | |
|---|---|---|
| YTD Return | 7.85% | 12.24% |
| 1Y Return | 21.77% | 24.37% |
| 3Y Return (Ann) | 6.43% | 7.13% |
| 5Y Return (Ann) | 12.22% | 11.80% |
| Sharpe Ratio | 1.49 | 2.02 |
| Sortino Ratio | 2.16 | 2.94 |
| Omega Ratio | 1.27 | 1.35 |
| Calmar Ratio | 2.31 | 2.37 |
| Martin Ratio | 7.19 | 11.44 |
| Ulcer Index | 3.40% | 2.32% |
| Daily Std Dev | 16.32% | 13.04% |
| Max Drawdown | -48.58% | -46.80% |
| Current Drawdown | -3.28% | -2.76% |
Correlation
The correlation between VFVA and ONEY is 0.93, 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
VFVA vs. ONEY - Performance Comparison
In the year-to-date period, VFVA achieves a 7.85% return, which is significantly lower than ONEY's 12.24% 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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VFVA vs. ONEY - Expense Ratio Comparison
VFVA 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
VFVA vs. ONEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Value Factor ETF (VFVA) 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
VFVA vs. ONEY - Dividend Comparison
VFVA's dividend yield for the trailing twelve months is around 2.37%, less than ONEY's 3.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFVA Vanguard U.S. Value Factor ETF | 2.37% | 2.45% | 2.21% | 1.68% | 2.04% | 2.08% | 1.65% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
VFVA vs. ONEY - Drawdown Comparison
The maximum VFVA drawdown since its inception was -48.58%, roughly equal to the maximum ONEY drawdown of -46.80%. Use the drawdown chart below to compare losses from any high point for VFVA and ONEY. For additional features, visit the drawdowns tool.
Volatility
VFVA vs. ONEY - Volatility Comparison
Vanguard U.S. Value Factor ETF (VFVA) has a higher volatility of 3.58% compared to SPDR Russell 1000 Yield Focus ETF (ONEY) at 2.69%. This indicates that VFVA'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.