State Street SPDR Russell 1000 Momentum Focus ETF (ONEO) is a ETF from State Street Investment Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ONEO returned +27.23% while SCHD returned +31.88%. Year to date, ONEO is up 20.64% versus a gain of 24.08% for SCHD.

Over three years, ONEO compounded at +17.71% per year against +14.92% for SCHD; over five years the annualized figures are +10.98% and +9.85% respectively. Across the full 11-year window we track, SCHD has the edge at +11.39% annualized vs +10.24%. Past performance does not guarantee future results.

ONEO has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -41.2% for ONEO and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.

ONEO charges 0.20% per year while SCHD charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, ONEO currently yields 1.18% against 3.31% for SCHD.