Skip to Content
ETFs

SPDR Russell 1000 Momentum Focus ETF

ONEO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 02 2015
Expense Ratio
0.20%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$24,719
AUM
$147,511,335
Associated Index
Russell 1000 Momentum Focused Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MPC
Marathon Petroleum Corp
1.07%
CAH
Cardinal Health, Inc.
1.01%
STLD
Steel Dynamics Inc.
0.83%
MCK
Mckesson Corporation
0.82%
ON
ON Semiconductor Corp.
0.81%
BLDR
Builders Firstsource Inc
0.79%
RS
Reliance Steel & Aluminum Co.
0.78%
NUE
Nucor Corp.
0.73%
JBL
Jabil Inc
0.71%
LEN
Lennar Corp. - Ordinary Shares - Class A
0.66%
Invest with ONEO

What is ONEO?

The SPDR Russell 1000 Momentum Focus ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Momentum Focused Factor Index. The Russell 1000 Momentum Focused Factor Index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising high momentum characteristics (the "Factor Characteristics"). To construct the Index, Frank Russell Company ("Index Provider") utilizes a proprietary rules-based multi-factor scoring process that seeks to increase exposure (or "tilt") to companies in the Russell 1000 Index demonstrating the Factor Characteristics. The Russell 1000 Index is a market-capitalization index that measures the performance of the large-cap segment of the U.S. equity universe.

ETFs related toONEO

ETFs correlated to ONEO include FEX, JHMM, VFQY

ONEO
SPDR Series Trust - SPDR Russell 1000 Momentum Focus ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
VFQY
Vanguard Group, Inc. - Vanguard U.S. Quality Factor ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
AVLV
American Century ETF Trust - Avantis U.S. Large Cap Value ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toONEO

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with ONEO using Composer

FAQ

ONEO is a US Equities ETF. The SPDR Russell 1000 Momentum Focus ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Momentum Focused Factor Index. The Russell 1000 Momentum Focused Factor Index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising high momentum characteristics (the "Factor Characteristics"). To construct the Index, Frank Russell Company ("Index Provider") utilizes a proprietary rules-based multi-factor scoring process that seeks to increase exposure (or "tilt") to companies in the Russell 1000 Index demonstrating the Factor Characteristics. The Russell 1000 Index is a market-capitalization index that measures the performance of the large-cap segment of the U.S. equity universe.

ONEO tracks the Russell 1000 Momentum Focused Factor Index.

No, ONEO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, ONEO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ONEO is -0.0138%. This is the percent change in the value of ONEO over the most recent 1-month period. The 3-month return on ONEO is -0.001%. This is the percent change in the value of ONEO over the most recent 3-month period.

The standard deviation of ONEO for the past year is 0.1782%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to ONEO include SPHQ, DSI, and QUAL.

ETFs correlated to ONEO include FEX, JHMM, and VFQY.

ETFs that are inversely correlated to ONEO include TZA, TWM, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.