State Street SPDR Russell 1000 Momentum Focus ETF
$152.30+0.50 (+0.33%)
- 0.20%
- $30M
- +23.0%
- 1.24%
- 0M sh
- $151.89
- low $123.07high $159.17
The ETF.net ONEO Grade
A
Score 72 out of 100
- 18 of 99
Score 72 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A71 out of 100Rank 27 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 86Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 33 of 97Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D37 out of 100Rank 68 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A84 out of 100Rank 8 of 98Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B57 out of 100Rank 45 of 99
Our read on ONEO
AMomentum with a chaperone. ONEO's index chases the market's winners but runs them through quality and value screens first, then spreads the bet across roughly 900 large caps instead of a narrow hot-stock slice.
The fund seeks to track, before fees and expenses, the total return of the Russell 1000 Momentum Focused Factor Index.
Why people hold it
- Momentum doesn't ride alone here: the index screens for quality and value alongside it, tempering the usual factor habit of crowding into whatever just ran.ssga.com
- 0.20% a year, below the typical US multifactor fund and under Schwab's FNDX at 0.25%. Cheap shelf space for a rules-based tilt.
- Roughly 900 stocks, close to full Russell 1000 breadth, so no single name steers the fund. Live since 2015, so it carries a real multi-cycle record, not a backtest.
- Portfolio holds US large caps and pays out quarterly, with State Street as the sponsor behind it.
Worth knowing
- Small and thinly traded. Spreads and market impact can matter more to your all-in cost than the 0.20% fee, especially on chunky orders.
- Blending three factors across roughly 900 names dilutes each tilt. A concentrated pure-momentum fund will look and move very differently.
- Sits in a crowded multifactor aisle where the top-ranked options include cheaper plain-vanilla builds like VONV at 0.06% and IUSG at 0.04%.
ONEO Holdings
- Stocks
- 933
- 6%
- AU
Sectors
- Technology17.7%
- Industrials17.3%
- Health Care12.8%
- Consumer Discretionary11.4%
- Financials10.5%
- Energy7.2%
- Consumer Staples5.7%
- Materials5.3%
- Utilities5.2%
- Real Estate3.6%
- Communication3.3%
Geography
- United States95.75%
- Ireland1.21%
- Bermuda0.92%
- Cayman Islands0.59%
- United Kingdom0.47%
- Switzerland0.41%
- Luxembourg0.24%
- Brazil0.14%
- 0.26%
ONEO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
ONEO$12,297
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ONEO |
|---|---|
| Year to date | +18.5% |
| 1 month | −0.5% |
| 3 months | −0.1% |
| 1 year | +23.0% |
| 3 years | +19.1% |
| 5 years | +10.5% |
| 10 years | +11.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ONEO |
|---|---|---|
| 2026 YTD | +18.5% | |
| 2025 | +10.6% | |
| 2024 | +15.0% | |
| 2023 | +15.6% | |
| 2022 | −12.0% | |
| 2021 | +26.7% | |
| 2020 | +10.8% |
ONEO in the news
ONEO Dividends
- 1.24%
- $1.89
- $0.49 per share
- Quarterly
Distribution history
ONEO Risk
- 14.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.93
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −22.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ONEO Cost
0.20%
ONEO0.20%
- The middle half of US Multifactor funds
- Median 0.30%
29 of the 99 US Multifactor funds charge less.
Other funds in US Multifactor
- ASMLFiShares U.S. Small-Cap Equity Factor ETFExpense ratio 0.15%1 year return +19.5%
- AQVMLInvesco S&P 500 QVM Multi-factor ETFExpense ratio 0.11%1 year return +20.7%
- ATILTNorthern Trust Morningstar US Market Factor Tilt ETFExpense ratio 0.26%1 year return +20.6%
- ADEUSXtrackers Russell US Multifactor ETFExpense ratio 0.17%1 year return +16.5%
- AFLQLFranklin U.S. Large Cap Multifactor Index ETFExpense ratio 0.15%1 year return +21.3%