First-Year Review
Cambria Global EW ETF's largest holding is another fund, about 25 times an equal share
State Street SPDR Russell 1000 Low Volatility Focus ETF
$143.28+0.61 (+0.43%)
- 0.20%
- $271M
- +12.0%
- 1.96%
- 0M sh
- $142.01
- low $129.05high $151.87
The ETF.net ONEV Grade
B
Score 66 out of 100
- 5 of 16
Score 66 of 100 falls in the B 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.C50 out of 100Rank 8 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.A98 out of 100Rank 1 of 16Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 10 of 16Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 4 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A74 out of 100Rank 5 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B63 out of 100Rank 6 of 16
Our read on ONEV
BLow volatility with a valuation check. ONEV tracks a Russell 1000 index that leans defensive but also screens for quality and value, so the calm names it holds still have to look reasonably priced.
The fund seeks to track the total return of the Russell 1000 Low Volatility Focused Factor Index before fees and expenses.
Why people hold it
- Three factors, one ticker: the index blends low volatility with quality and value across roughly 400 large caps, so the defensive tilt carries a price and profitability screen too.ssga.com
- Tracking has been tight. The fund has hugged its Russell 1000 Low Volatility Focused Factor Index closely, which is the entire job description for an index product.
- Running since 2015, it ranks among the stronger builds in the US low-volatility group, and it pays distributions quarterly.
Worth knowing
- At 0.20% a year it costs more than simpler low-vol rivals such as LGLV (0.12%) and QLV (0.09%), so the multi-factor twist is not free.
- It trades thinly next to the category's household names, so spreads can widen. That bites most on large or hurried orders.
- Low volatility is a tilt, not a shield. This is a fully invested US large-cap stock portfolio and it moves with the market.
ONEV Holdings
- Stocks
- 450
- 10%
- ALL
Sectors
- Financials17.5%
- Industrials16.7%
- Health Care13.6%
- Consumer Discretionary10.6%
- Technology10.2%
- Consumer Staples9.0%
- Real Estate7.5%
- Utilities7.4%
- Energy2.5%
- Communication2.4%
- Materials2.3%
Geography
- United States94.98%
- Bermuda2.02%
- Ireland1.30%
- United Kingdom0.80%
- Netherlands0.32%
- Switzerland0.32%
- Luxembourg0.10%
- Canada0.10%
- 0.06%
ONEV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
ONEV$11,195
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 | ONEV |
|---|---|
| Year to date | +8.7% |
| 1 month | −1.6% |
| 3 months | −1.2% |
| 1 year | +12.0% |
| 3 years | +13.2% |
| 5 years | +8.4% |
| 10 years | +11.3% |
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 | ONEV |
|---|---|---|
| 2026 YTD | +8.7% | |
| 2025 | +8.1% | |
| 2024 | +11.7% | |
| 2023 | +13.3% | |
| 2022 | −8.2% | |
| 2021 | +29.2% | |
| 2020 | +6.7% |
ONEV in the news
ONEV Dividends
- 1.96%
- $2.79
- $0.74 per share
- Quarterly
Distribution history
ONEV Risk
- 12.6%
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.
- 0.61
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.
- −18.5%
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.
- 0.66
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ONEV Cost
0.20%
ONEV0.20%
- The middle half of US Low Volatility Index funds
- Median 0.20%
7 of the 16 US Low Volatility Index funds charge less.
Other funds in US Low Volatility Index
- AUSMViShares MSCI USA Min Vol Factor ETFExpense ratio 0.15%1 year return +8.8%
- BSMLVState Street SPDR US Small Cap Low Volatility Index ETFExpense ratio 0.12%1 year return +25.1%
- BFDLOFidelity Low Volatility Factor ETF Expense ratio 0.15%1 year return +14.9%
- BSMMViShares MSCI USA Small-Cap Min Vol Factor ETFExpense ratio 0.20%1 year return +9.5%
- BSPLVInvesco S&P 500 Low Volatility ETFExpense ratio 0.25%1 year return +2.8%