ONEO vs SPY
State Street SPDR Russell 1000 Momentum Focus ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ONEO or SPY?
Mid Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. ONEO led over 1Y, SPY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. ONEO is less concentrated, with 5.7% of the fund in its ten largest positions against 38.0%.
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 | ONEO | SPY |
|---|---|---|
| Expense Ratio | 0.20% | 0.09%Best |
| AUM | $31M | $804.7B |
| Dividend Yield | 1.16% | 0.98% |
| Holdings | 939 | 505 |
| YTD Return | +16.82%Best | +11.52% |
| 1Y Return | +20.06%Best | +17.48% |
| 3Y Return (annualized) | +17.46% | +20.62%Best |
| 5Y Return (annualized) | +10.06% | +12.73%Best |
| Volatility (annualized) | 17.0% | 15.1%Best |
| Max Drawdown | -41.2% | -34.1%Best |
| $10,000 over 5 years | $16,149 | $18,205Best |
| Top 10 Weight | 5.7%Best | 38.0% |
| Fund Family | State Street Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Dec 1, 2015 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Dec 3, 2015 to Sep 10, 2026 (10.8 years).
ONEO vs SPY 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.
ONEO vs SPY Performance
State Street SPDR Russell 1000 Momentum Focus ETF (ONEO) is an ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year ONEO returned +20.06% while SPY returned +17.48%. Year to date, ONEO is up 16.82% versus a gain of 11.52% for SPY.
Over three years, ONEO compounded at +17.46% per year against +20.62% for SPY; over five years the annualized figures are +10.06% and +12.73% respectively. Across the full 11-year window we track, SPY has the edge at +13.66% 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 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 -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.16% against 0.98% for SPY.
Holdings Overlap
61.4% of ONEO's money is in holdings SPY also owns. 95.1% of SPY's money is in holdings ONEO also owns.
Most of SPY is already inside ONEO. Owning both mostly buys the same companies twice.
483 positions in common, counted across the 933 positions we hold weights for in ONEO and 504 in SPY, against full books of 939 and 505.
What only one of them owns
Our book lists 20 positions for SPY that do not appear in our book for ONEO (4.9% of the fund), and 415 for ONEO that do not appear in SPY (36.4%).
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 ONEO | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 0.09% | 7.71% | 7.62% |
| AAPLApple, Inc | 0.22% | 6.83% | 6.61% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 0.06% | 5.50% | 5.44% |
| AMZNAmazon.Com Inc | 0.04% | 4.08% | 4.04% |
| GOOGLAlphabet A Usd 0.001 | 0.11% | 3.33% | 3.22% |
| AVGOBroadcom Inc | 0.04% | 2.97% | 2.93% |
| GOOGAlphabet Inc | 0.09% | 2.67% | 2.58% |
| METAMeta Platforms, Inc. | 0.03% | 1.94% | 1.91% |
| MUMicron Technology, Inc. | 0.04% | 1.51% | 1.47% |
| BRK.BBerkshire Hathaway B | 0.02% | 1.42% | 1.40% |
95.1% of SPY 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, ONEO or SPY?
ONEO has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, ONEO or SPY?
Over the past year ONEO returned +20.06% vs +17.48% for SPY, so ONEO leads on 1-year performance. Over the longest common window we track (11 years), ONEO annualized +9.81% vs +13.66% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ONEO or SPY?
ONEO has been the more volatile fund at 17.0% annualized versus 15.1% for SPY. Worst drawdown: ONEO -41.2% vs SPY -34.1%.
Should I hold both ONEO and SPY?
ONEO and SPY have a monthly-return correlation of 0.93, 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 ONEO and SPY?
95.1% of SPY's money is in holdings ONEO also owns. 95.1% of SPY's is in holdings ONEO also owns. They hold 483 positions in common, counted across the 933 positions we hold weights for in ONEO and 504 in SPY.
Which pays a higher dividend, ONEO or SPY?
ONEO yields 1.16% while SPY yields 0.98%, so ONEO currently pays the higher dividend yield.
Is SPY better than ONEO?
SPY has a lower expense ratio. ONEO led over 1Y, SPY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. ONEO is less concentrated, with 5.7% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.