ONEO vs SPY
ONEO vs SPY
State Street SPDR Russell 1000 Momentum Focus ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. ONEO delivered stronger 1-year returns. ONEO offers more diversification with 899 holdings.
Side-by-Side Comparison
| Metric | ONEO | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.09% | |
| AUM | $29M | $789.1B | |
| Dividend Yield | 1.18% | 1.01% | |
| Holdings | 906 | 505 | |
| YTD Return | +20.12% | +13.28% | |
| 1Y Return | +27.05% | +23.94% | |
| 3Y Return (annualized) | +17.53% | +21.07% | |
| 5Y Return (annualized) | +10.77% | +13.27% | |
| Volatility (annualized) | 17.1% | 15.3% | |
| Max Drawdown | -41.2% | -56.5% | |
| Fund Family | State Street Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 1, 2015 | Jan 22, 1993 |
ONEO vs SPY Performance
State Street SPDR Russell 1000 Momentum Focus ETF (ONEO) is a ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ONEO returned +27.05% while SPY returned +23.94%. Year to date, ONEO is up 20.12% versus a gain of 13.28% for SPY.
Over three years, ONEO compounded at +17.53% per year against +21.07% for SPY; over five years the annualized figures are +10.77% and +13.27% respectively. Across the full 11-year window we track, ONEO has the edge at +10.19% annualized vs +8.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONEO has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 15.3% for SPY. 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 -56.5% for SPY. 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ONEO charges 0.20% per year while SPY charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, ONEO currently yields 1.18% against 1.01% for SPY.
Holdings Overlap
ONEO and SPY share 474 holdings out of 928 unique holdings combined, representing a 30.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ONEO | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 0.20% | 7.31% | 7.11% |
| AAPL | 0.16% | 7.09% | 6.93% |
| MSFT | 0.10% | 4.43% | 4.33% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| WDC | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings ONEO shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, ONEO or SPY?
ONEO has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, ONEO or SPY?
Over the past year ONEO returned +27.05% vs +23.94% for SPY, so ONEO leads on 1-year performance. Over the longest common window we track (11 years), ONEO annualized +10.19% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, ONEO or SPY?
ONEO has been the more volatile fund at 17.1% annualized versus 15.3% for SPY. Worst drawdown: ONEO -41.2% vs SPY -56.5%.
Should I hold both ONEO and SPY?
ONEO and SPY have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between ONEO and SPY?
ONEO and SPY share 474 common holdings with a 30.4% weight overlap. Combined, they hold 928 unique securities.
Which pays a higher dividend, ONEO or SPY?
ONEO yields 1.18% while SPY yields 1.01%, so ONEO currently pays the higher dividend yield.
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