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ETFs

SPDR Russell 1000 Yield Focus ETF

ONEY
$--
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)
$1,818,171
AUM
$735,619,083
Associated Index
Russell 1000 Yield Focused Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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MMM
3M Co.
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LYB
LyondellBasell Industries NV - Ordinary Shares - Class A
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TROW
T. Rowe Price Group Inc.
1.20%
CAH
Cardinal Health, Inc.
1.19%
PCAR
Paccar Inc.
1.13%
Invest with ONEY

What is ONEY?

The SPDR Russell 1000 Yield Focus ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Yield Focused Factor Index. The Russell 1000 Yield 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 yield 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 toONEY

ETFs correlated to ONEY include IMCV, IWS, VOE

ONEY
SPDR Series Trust - SPDR Russell 1000 Yield Focus ETF
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
FTA
First Trust Exchange-Traded Fund III - First Trust Large Capital Value AlphaDEX Fund
DON
WisdomTree Trust - WisdomTree U.S. MidCap Dividend Fund
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
SPYD
SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity 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 toONEY

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#SAM

Spread Across the Market

Category

Getting Defensive, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with ONEY using Composer

FAQ

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

ONEY tracks the Russell 1000 Yield Focused Factor Index.

ONEY dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, ONEY 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, ONEY 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 ONEY is -0.0167%. This is the percent change in the value of ONEY over the most recent 1-month period. The 3-month return on ONEY is 0.0019%. This is the percent change in the value of ONEY over the most recent 3-month period.

The standard deviation of ONEY for the past year is 0.1819%. 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 ONEY include SPHQ, DSI, and QUAL.

ETFs correlated to ONEY include IMCV, IWS, and VOE.

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

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.