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.
Fund Basics
| Fund sponsor | State Street Global Advisors |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 01, 2015 |
| Assets (mns) | $555 |
| 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 +
| WILLIS TOWERS WATSON PUBLIC LIMITED COMP | 1.2 % |
| MCKESSON CORP | 1.0 % |
| HP INC. | 1.0 % |
| ARCHER-DANIELS-MIDLAND CO | 0.9 % |
| COGNIZANT TECH SOLUTIONS-A | 0.9 % |
| QUEST DIAGNOSTICS | 0.8 % |
| EXPEDITORS INTL WASH INC | 0.8 % |
| RELIANCE STEEL & ALUMINUM | 0.8 % |
| T ROWE PRICE GROUP INC | 0.8 % |
| TRACTOR SUPPLY COMPANY | 0.7 % |
Constituent Breakdown
| Number of holdings | 462 |
| Herfindahl-Hirschman Index | 38 |
| Wgt avg mkt cap (mns) | $20,993 |
| Large cap (>$10bn) | 74.7% |
| Mid cap ($2-10bn) | 24.8% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.6 % |
 |
BRITAIN | 2.2 % |
 |
BERMUDA | 1.6 % |
 |
IRELAND | 0.8 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 3.3% | 1.9% | 8.6% | 13.8% | 10.3% | -- | 11.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 90% |
| MSCI EAFE | 0.94 | 84% |
| MSCI Emg Mkts | 0.70 | 54% |
Liquidity Measures
| Avg. volume (000) | 9 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $28,580 |
Technical Indicators
| Recent close | $100.52 |
| 30d moving avg. | $106.17 |
| Annualized volatility | 21.2% |
| Relative strength (RSI) | 38 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 2.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ONEV |
Expenses vs. ONEV |
ALTAR Score™ vs. ONEV |
|---|---|---|---|---|
| DEUS | Xtrackers Russell 1000 Comprehensive Factor ETF | 64.9% | -3 bp | 0.0% |
| ONEO | SPDR Russell 1000 Momentum Focus ETF | 52.6% | 0 bp | +0.5% |
| JHMM | John Hancock Multifactor Mid Cap ETF | 50.1% | +21 bp | -0.4% |
| ONEY | SPDR Russell 1000 Yield Focus ETF | 49.3% | 0 bp | +2.4% |
| IWS | iShares Russell Mid-Cap Value ETF | 48.3% | +3 bp | -0.6% |
| IWR | iShares Russell Midcap ETF | 48.1% | -2 bp | -1.7% |
| USEQ | Invesco Russell 1000 Enhanced Equal Weight ETF | 45.7% | +9 bp | +0.1% |
| IMCB | iShares Morningstar Mid-Cap ETF | 45.5% | -16 bp | -1.2% |
| BKMC | BNY Mellon US Mid Cap Core Equity ETF | 45.3% | -16 bp | -1.2% |
| JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 45.0% | +4 bp | +0.9% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 3/23/2023
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
ONEV
8.1%
Cat. Avg
6.7%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.1% |
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 888 funds in the US Equities category, with an average ALTAR Score™
of 6.7% and a standard deviation of
3.3%. ONEV's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places ONEV in the 67th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ONEV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ONEV | 20.0 | 12.4 | 32.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .