ONEV vs QQQ
ONEV vs QQQ
State Street SPDR Russell 1000 Low Volatility Focus ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. ONEV offers more diversification with 449 holdings.
Side-by-Side Comparison
| Metric | ONEV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.18% | |
| AUM | $302M | $455.8B | |
| Dividend Yield | 1.77% | 0.41% | |
| Holdings | 443 | 108 | |
| YTD Return | +13.38% | +18.34% | |
| 1Y Return | +18.15% | +28.94% | |
| 3Y Return (annualized) | +12.50% | +25.28% | |
| 5Y Return (annualized) | +9.09% | +15.22% | |
| Volatility (annualized) | 15.5% | 30.6% | |
| Max Drawdown | -40.2% | -83.0% | |
| Fund Family | State Street Investment Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 1, 2015 | Mar 10, 1999 |
ONEV vs QQQ Performance
State Street SPDR Russell 1000 Low Volatility Focus ETF (ONEV) is a ETF from State Street Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ONEV returned +18.15% while QQQ returned +28.94%. Year to date, ONEV is up 13.38% versus a gain of 18.34% for QQQ.
Over three years, ONEV compounded at +12.50% per year against +25.28% for QQQ; over five years the annualized figures are +9.09% and +15.22% respectively. Across the full 11-year window we track, QQQ has the edge at +13.12% annualized vs +9.96%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.5% for ONEV. 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 -40.2% for ONEV and -83.0% for QQQ. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ONEV charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, ONEV currently yields 1.77% against 0.41% for QQQ.
Holdings Overlap
ONEV and QQQ share 14 holdings out of 538 unique holdings combined, representing a 2.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ONEV | Weight in QQQ | Difference |
|---|---|---|---|
| CMCSA | 0.69% | 0.38% | 0.31% |
| REGN | 0.50% | 0.30% | 0.20% |
| AEP | 0.29% | 0.33% | 0.04% |
| FAST | Pro | Pro | Pro |
| EXC | Pro | Pro | Pro |
| EA | Pro | Pro | Pro |
| CPRT | Pro | Pro | Pro |
| KDP | Pro | Pro | Pro |
| PYPL | Pro | Pro | Pro |
| PAYX | Pro | Pro | Pro |
See all 10 holdings ONEV shares with QQQ 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, ONEV or QQQ?
ONEV has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, ONEV or QQQ?
Over the past year ONEV returned +18.15% vs +28.94% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (11 years), ONEV annualized +9.96% vs +13.12% for QQQ. Past performance does not guarantee future results.
Which is riskier, ONEV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.5% for ONEV. Worst drawdown: ONEV -40.2% vs QQQ -83.0%.
Should I hold both ONEV and QQQ?
ONEV and QQQ have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ONEV and QQQ?
ONEV and QQQ share 14 common holdings with a 2.9% weight overlap. Combined, they hold 538 unique securities.
Which pays a higher dividend, ONEV or QQQ?
ONEV yields 1.77% while QQQ yields 0.41%, so ONEV currently pays the higher dividend yield.
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