ONEO

SPDR Russell 1000 Momentum Focus ETF

The SPDR Russell 1000 Momentum 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 momentum) that are scaled by market cap.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

20 bp

EXPENSES

$149.7 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorState Street Global Advisors
CategoryUS
Asset classEquity
Websitelink...
Inception dateDec 01, 2015
Assets (mns)$150
Expense ratio20 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingMulti-Factor
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
PULTE HOMES INC 0.8 %
MCKESSON CORP 0.7 %
LENNAR CORP-CL A 0.7 %
EXPEDIA GROUP INC 0.7 %
ARCH CAPITAL GROUP LTD 0.7 %
DIAMONDBACK ENERGY INC 0.6 %
DR HORTON INC 0.6 %
WILLIAMS-SONOMA INC 0.6 %
VISTRA ENERGY CORP. 0.6 %
GODADDY, INC. CLASS A 0.6 %
Constituent Breakdown
Number of holdings886
Herfindahl-Hirschman Index 23
Wgt avg mkt cap (mns)$68,574
Large cap (>$10bn)81.0%
Mid cap ($2-10bn)18.0%
Small cap (<$2bn)0.4%
Developed mkts.99.9%
Emerging mkts.0.1%
Country Exposure
UNITED STATES 93.0 %
BERMUDA 1.6 %
BRITAIN 0.9 %
IRELAND 0.8 %
SWITZERLAND 0.7 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 6.3% 14.4% 15.4% 5.5% 10.4% -- 10.3%
Volatility 12.0% 13.3% 17.5% 17.9% 22.3% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9988%
MSCI EAFE0.9880%
MSCI Emg Mkts0.6739%
Liquidity Measures
Avg. volume (000)1
Turnover0.1%
Avg. Bid/Ask (% of price)0.14%
ADV of underlying (mns)$533,342
Technical Indicators
Recent close$113.43
30d moving avg.$111.00
Annualized volatility19.0%
Relative strength (RSI)52
Short interest (ETF)1.3%
Short interest (underlying)2.9%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: ONEO vs. Comps (1 YR)

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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 --%
1.2 15.5 2.7 1.5% --
Based on closing prices from 7/18/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ONEO



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

ONEO

7.1%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.1%
Recommendation

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

Category Overview
There are 899 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.4%. ONEO's ALTAR Score™ is approximately 0.6 standard deviations above the category average. This places ONEO in the 72nd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
ONEO
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
ONEO (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)
ONEO 20.0 14.3 34.3
Peer Avg. 29.1 14.0 43.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .