ONEY vs VOO
State Street SPDR Russell 1000 Yield Focus ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. ONEY delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | ONEY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $681M | $997.4B | |
| Dividend Yield | 2.78% | 1.08% | |
| Holdings | 303 | 509 | |
| YTD Return | +19.94% | +12.73% | |
| 1Y Return | +21.99% | +20.59% | |
| 3Y Return (annualized) | +15.78% | +21.70% | |
| 5Y Return (annualized) | +10.18% | +12.87% | |
| Volatility (annualized) | 18.9% | 14.1% | |
| Max Drawdown | -47.5% | -34.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 2, 2015 | Sep 7, 2010 |
ONEY vs VOO Performance
State Street SPDR Russell 1000 Yield Focus ETF (ONEY) is a ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year ONEY returned +21.99% while VOO returned +20.59%. Year to date, ONEY is up 19.94% versus a gain of 12.73% for VOO.
Over three years, ONEY compounded at +15.78% per year against +21.70% for VOO; over five years the annualized figures are +10.18% and +12.87% respectively. Across the full 11-year window we track, VOO has the edge at +13.47% annualized vs +9.59%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONEY has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 14.1% for VOO. 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 -47.5% for ONEY and -34.3% for VOO. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ONEY charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, ONEY currently yields 2.78% against 1.08% for VOO.
Holdings Overlap
ONEY and VOO share 134 holdings out of 671 unique holdings combined, representing a 5.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ONEY or VOO?
ONEY has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, ONEY or VOO?
Over the past year ONEY returned +21.99% vs +20.59% for VOO, so ONEY leads on 1-year performance. Over the longest common window we track (11 years), ONEY annualized +9.59% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, ONEY or VOO?
ONEY has been the more volatile fund at 18.9% annualized versus 14.1% for VOO. Worst drawdown: ONEY -47.5% vs VOO -34.3%.
Should I hold both ONEY and VOO?
ONEY and VOO have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ONEY and VOO?
ONEY and VOO share 134 common holdings with a 5.6% weight overlap. Combined, they hold 671 unique securities.
Which pays a higher dividend, ONEY or VOO?
ONEY yields 2.78% while VOO yields 1.08%, so ONEY currently pays the higher dividend yield.
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