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ETFs

SPDR Russell 1000 Low Volatility ETF

ONEV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 2, 2015
Expense Ratio
0.20%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$587,227
AUM
$538,130,393
Associated Index
Russell 1000 Low Volatility Focused Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

COR
Cencora Inc.
1.29%
CNC
Centene Corp.
1.17%
CTSH
Cognizant Technology Solutions Corp. - Ordinary Shares - Class A
1.15%
ADM
Archer Daniels Midland Co.
1.11%
MCK
Mckesson Corporation
1.07%
MPC
Marathon Petroleum Corp
0.99%
CAH
Cardinal Health, Inc.
0.95%
CDW
CDW Corp
0.85%
CF
CF Industries Holdings Inc
0.84%
VLO
Valero Energy Corp.
0.79%
Invest with ONEV

What is ONEV?

The SPDR Russell 1000 Low Volatility Focus ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Low Volatility Focused Factor Index. The Russell 1000 Low Volatility 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 low volatility 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 toONEV

ETFs correlated to ONEV include JPME, JPUS, FLQM

ONEV
SPDR Series Trust - SPDR Russell 1000 Low Volatility Focus ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
FLQM
Franklin Templeton ETF Trust - Franklin U.S. Mid Cap Multifactor Index ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
TPLC
Timothy Plan - Timothy Plan US Large/Mid Cap Core ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
OUSM
OSI ETF Trust - ALPS O'Shares U.S. Small-Cap Quality Dividend 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 toONEV

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Category

Grow Your Portfolio, Diversification

Risk Rating

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SPY minimum drawdown

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with ONEV using Composer

FAQ

ONEV is a US Equities ETF. The SPDR Russell 1000 Low Volatility Focus ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Low Volatility Focused Factor Index. The Russell 1000 Low Volatility 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 low volatility 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.

ONEV tracks the Russell 1000 Low Volatility Focused Factor Index.

No, ONEV 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, ONEV 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 ONEV is -0.0083%. This is the percent change in the value of ONEV over the most recent 1-month period. The 3-month return on ONEV is 0.0064%. This is the percent change in the value of ONEV over the most recent 3-month period.

The standard deviation of ONEV for the past year is 0.161%. 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 ONEV include SPHQ, DSI, and QUAL.

ETFs correlated to ONEV include JPME, JPUS, and FLQM.

ETFs that are inversely correlated to ONEV 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.