IVV vs ONEO
iShares Core S&P 500 ETF vs State Street SPDR Russell 1000 Momentum Focus ETF
Which is better, IVV or ONEO?
Large Cap Blend against Mid Cap Blend.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, ONEO over 1Y. The two have moved almost in lockstep, correlation 0.92. ONEO is less concentrated, with 5.7% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | ONEO |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.20% |
| AUM | $876.4B | $31M |
| Dividend Yield | 1.06% | 1.16% |
| Holdings | 508 | 939 |
| YTD Return | +11.57% | +16.82%Best |
| 1Y Return | +17.57% | +20.06%Best |
| 3Y Return (annualized) | +20.71%Best | +17.46% |
| 5Y Return (annualized) | +12.80%Best | +10.06% |
| Volatility (annualized) | 15.1%Best | 17.0% |
| Max Drawdown | -33.9%Best | -41.2% |
| $10,000 over 5 years | $18,262Best | $16,149 |
| Top 10 Weight | 37.9% | 5.7%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Blend |
| Inception | May 15, 2000 | Dec 1, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Dec 3, 2015 to Sep 10, 2026 (10.8 years).
IVV vs ONEO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10.8 years both funds cover.
IVV vs ONEO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR Russell 1000 Momentum Focus ETF (ONEO) is an ETF from State Street Investment Management. Over the past year IVV returned +17.57% while ONEO returned +20.06%. Year to date, IVV is up 11.57% versus a gain of 16.82% for ONEO.
Over three years, IVV compounded at +20.71% per year against +17.46% for ONEO; over five years the annualized figures are +12.80% and +10.06% respectively. Across the full 11-year window we track, IVV has the edge at +13.67% annualized vs +9.81%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONEO has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 15.1% for IVV. 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 -33.9% for IVV and -41.2% for ONEO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while ONEO charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.16% for ONEO.
Holdings Overlap
94.2% of IVV's money is in holdings ONEO also owns. 60.3% of ONEO's money is in holdings IVV also owns.
Most of IVV is already inside ONEO. Owning both mostly buys the same companies twice.
475 positions in common, counted across the 505 positions we hold weights for in IVV and 933 in ONEO, against full books of 508 and 939.
What only one of them owns
Our book lists 418 positions for ONEO that do not appear in our book for IVV (36.9% of the fund), and 24 for IVV that do not appear in ONEO (5.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in ONEO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 0.09% | 7.89% |
| AAPLApple, Inc | 6.86% | 0.22% | 6.64% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 0.06% | 5.38% |
| AMZNAmazon.Com Inc | 4.01% | 0.04% | 3.97% |
| GOOGLAlphabet A Usd 0.001 | 3.19% | 0.11% | 3.08% |
| AVGOBroadcom Inc | 2.98% | 0.04% | 2.94% |
| GOOGAlphabet Inc | 2.56% | 0.09% | 2.47% |
| METAMeta Platforms, Inc. | 1.94% | 0.03% | 1.91% |
| MUMicron Technology, Inc. | 1.51% | 0.04% | 1.47% |
| BRK.BBerkshire Hathaway B | 1.43% | 0.02% | 1.41% |
94.2% of IVV is already inside ONEO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or ONEO?
IVV has an expense ratio of 0.03% while ONEO charges 0.20%. IVV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IVV or ONEO?
Over the past year IVV returned +17.57% vs +20.06% for ONEO, so ONEO leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +13.67% vs +9.81% for ONEO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or ONEO?
ONEO has been the more volatile fund at 17.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -33.9% vs ONEO -41.2%.
Should I hold both IVV and ONEO?
IVV and ONEO have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and ONEO?
94.2% of IVV's money is in holdings ONEO also owns. 60.3% of ONEO's is in holdings IVV also owns. They hold 475 positions in common, counted across the 505 positions we hold weights for in IVV and 933 in ONEO.
Which pays a higher dividend, IVV or ONEO?
IVV yields 1.06% while ONEO yields 1.16%, so ONEO currently pays the higher dividend yield.
Is ONEO better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, ONEO over 1Y. The two have moved almost in lockstep, correlation 0.92. ONEO is less concentrated, with 5.7% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.