ONEV
SPDR Russell 1000 Low Volatility Focus ETF
The SPDR Russell 1000 Low Volatility Focus ETF tracks an index of large-cap stocks from the Russell 1000 Index, selected and weighted by four factors (value, quality, small size and low volatility) that are scaled by market cap.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
726.7 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Fund sponsor | State Street Global Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 01, 2015 |
| Assets (mns) | $727 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| COGNIZANT TECH SOLUTIONS-A | 1.4 % |
| BRISTOL-MYERS SQUIBB CO | 1.4 % |
| CARDINAL HEALTH INC | 1.1 % |
| ARCH CAPITAL GROUP LTD | 1.0 % |
| GILEAD SCIENCES INC | 0.8 % |
| ELECTRONIC ARTS INC | 0.8 % |
| HUMANA INC | 0.7 % |
| O'REILLY AUTOMOTIVE INC | 0.7 % |
| BEST BUY CO INC | 0.7 % |
| CUMMINS INC | 0.7 % |
Constituent Breakdown
| Number of holdings | 417 |
| Herfindahl-Hirschman Index | 39 |
| Wgt avg mkt cap (mns) | $26,908 |
| Large cap (>$10bn) | 82.9% |
| Mid cap ($2-10bn) | 16.2% |
| Small cap (<$2bn) | 0.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 91.5 % |
 |
BERMUDA | 2.5 % |
 |
IRELAND | 1.4 % |
 |
BRITAIN | 1.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.8% | 28.2% | 14.9% | 7.5% | 11.3% | -- | 12.0% | Volatility | 10.8% | 11.3% | 13.0% | 15.5% | 20.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.90 | 83% |
| MSCI EAFE | 0.87 | 81% |
| MSCI Emg Mkts | 0.62 | 41% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $57,975 |
Technical Indicators
| Recent close | $132.61 |
| 30d moving avg. | $128.84 |
| Annualized volatility | 17.1% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 2.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ONEV |
Expenses vs. ONEV |
ALTAR Score™ vs. ONEV |
|---|---|---|---|---|
| DEUS | Xtrackers Russell US Multifactor ETF | 59.0% | -3 bp | -0.7% |
| ONEY | SPDR Russell 1000 Yield Focus ETF | 49.9% | 0 bp | +1.7% |
| IWS | iShares Russell Mid-Cap Value ETF | 46.6% | +3 bp | -1.3% |
| ONEO | SPDR Russell 1000 Momentum Focus ETF | 45.4% | 0 bp | -0.8% |
| JHMM | John Hancock Multifactor Mid Cap ETF | 45.0% | +22 bp | -1.5% |
| JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 44.2% | +4 bp | -0.2% |
| IWR | iShares Russell Midcap ETF | 43.6% | -1 bp | -2.1% |
| IMCB | iShares Morningstar Mid-Cap ETF | 40.0% | -16 bp | -1.8% |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 39.1% | -14 bp | 0.0% |
| JPUS | JPMorgan Diversified Return U.S. Equity ETF | 38.6% | -2 bp | -0.3% |
Risk and Returns: ONEV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ONEV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
ONEV
7.5%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. ONEV's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places ONEV in the 81st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ONEVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| ONEV (20 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ONEV | 20.0 | 11.3 | 31.3 |
| Peer Avg. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .