ONEO vs VONV: Grades, Fees and Holdings Compared

State Street SPDR Russell 1000 Momentum Focus ETF

ONEOANYSE Arca

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

36.9%by weight

Expense ratio

VONV −0.14pt a year

ONEO0.20%VONV0.06%

Avg volume · 30D

VONV 1770.0×the volume

ONEO437VONV774K

10Y return · a year

ONEO+12.0%VONV+12.0%

ONEO vs VONV Performance

Oct 29, 2021 – Oct 30, 2026

+60.1%ONEO+73.8%VONV

Expense ratio: ONEO 0.20%; VONV 0.06%, better
Fund size: ONEO $31M; VONV $23.3B
1Y total return: ONEO +22.5%; VONV +28.5%, better
Yield (12M): ONEO 1.23%; VONV 1.53%, better
Holdings: ONEO 934; VONV 873
Avg volume (30D): ONEO 437 sh; VONV 774K sh, better
NAV per share: ONEO $155.51; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for ONEO, VONV, with each pillar’s weight
Pillar	ONEO	VONV
Cost30% weight	A71	A96Higher
Mission25% weight	A100	A100
Risk15% weight	B57	A86Higher
Tradability15% weight	D37	B60Higher
Holdings10% weight	A83Higher	C49
Durability5% weight	B58	A93Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. ONEO and VONV are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

VONV ranks 1st and ONEO 18th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 18AJHMLJohn Hancock Multifactor Large Cap ETFScore 71
Rank 18AONEOState Street SPDR Russell 1000 Momentum Focus ETFScore 71
Rank 18ATILTNorthern Trust Morningstar US Market Factor Tilt ETFScore 71

Our read on each fund

ETF.net Research

ONEOAState Street SPDR Russell 1000 Momentum Focus ETF

VONVAVanguard Russell 1000 Value ETF

In short

ONEO Momentum 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.

VONV The plain-vanilla value trade, done cheap: about 900 large US value stocks, full replication of the Russell 1000 Value Index, 0.06% a year. No factor cocktail, no premium price tag, and one of the strongest implementations in its factor peer group.

Stated mandate

ONEO The fund seeks to track, before fees and expenses, the total return of the Russell 1000 Momentum Focused Factor Index.

VONV The fund seeks to track the Russell 1000 Value Index, representing large-capitalization value stocks in the United States. It uses passive indexing and full replication to remain closely aligned with that benchmark.

Why people hold it

ONEO 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.

VONV 0.06% a year, a fraction of the typical fee among factor ETFs. On a rules-based value index there is little room for cleverness, so cost does most of the work.vanguard.com
Full replication, not sampling: it owns the index's roughly 900 names and has stayed tightly aligned with the Russell 1000 Value benchmark since launching in 2010.
Same Russell benchmark as pricier rivals for less: the Goldman MarketBeta version (GVUS) charges 0.12% to track the identical value index.
A multi-billion-dollar fund that trades actively, among the easiest in its group to get in and out of, and it distributes quarterly.

Worth knowing

ONEO 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%.

VONV One screen, one style. Value only, with no quality or momentum overlay, so the ride follows the value side of the market wherever it goes.vanguard.com
This is the entire value bucket, not a best-ideas portfolio. About 900 holdings means results hug the large-cap value category rather than stray from it.
Cheaper exists nearby: Vanguard's VYM charges 0.04%, but it screens for dividend yield, a different portfolio than a Russell value index.

Full ONEO profile⁠

Full VONV profile⁠

ONEO vs VONV Holdings

How ONEO and VONV differ

Overlap by weight

36.9%

Shared holdings make up 92.8% of VONV and 88.2% of ONEO.

Level by level

Holdings787 in both36.9%
Sector11 Sectors80.7%
Countryby domicile99.0%
Asset classEquity100%

Sector

Sector weights in ONEO and VONV, widest gap first
Sector	More in ONEOMore in VONV	ONEO	VONV
Industrials	ONEO +8.8 points	18.3%	9.5%
Financials	VONV +7.7 points	10.2%	17.9%
Technology	VONV +7.0 points	14.9%	21.9%
Consumer Discretionary	ONEO +4.3 points	14.7%	10.4%
Utilities	ONEO +2.6 points	6.0%	3.4%
Communication	VONV +2.0 points	1.4%	3.4%
Energy	ONEO +2.0 points	8.2%	6.2%
Materials	ONEO +1.6 points	4.9%	3.3%
Health Care	VONV +1.5 points	11.9%	13.4%
Consumer Staples	VONV +1.0 points	6.2%	7.2%
Real Estate	Same weight	3.5%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in ONEO and VONV, widest gap first
Country	More in ONEOMore in VONV	ONEO	VONV
United States	VONV +1.0 points	99.0%	100.0%
Other countries (9)	ONEO +1.0 points	1.0%	0.0%

Concentration

Weight in the 10 largest Holdings

ONEO5.8%
VONV29.8%

Securities held

ONEO932
VONV871

Asset class

ONEO: Equity
VONV: Equity

Holdings

Only in ONEO145
In both787
Only in VONV84

Only in ONEO

145 securities, 11.6% of ONEO by weight

Expedia Group Inc0.56%
Simon Property Group Inc0.38%
Halozyme Therapeutics Inc0.31%
Emcor Group Inc0.30%
Credo Technology Group Holdi0.28%
Medpace Holdings Inc0.26%
Teradyne Inc0.26%
Monolithic Power Systems Inc0.24%
Astera Labs Inc0.20%
Fortinet Inc0.20%
Jabil Inc0.20%
Rambus Inc0.19%
Airbnb Inc Class A0.19%
Vylor Inc0.19%
Marvell Technology Inc0.17%
Targa Resources Corp0.17%
Kla Corp0.16%
Western Digital Corp0.16%
Ati Inc0.15%
Comfort Systems Usa Inc0.15%
Lockheed Martin Corp0.15%
Fabrinet0.15%
Cencora Inc0.15%
Autodesk Inc0.15%
Burlington Stores Inc0.14%
Amphenol Corp Class A0.14%
Reddit Inc Class A0.13%
Applied Materials Inc0.13%
Viking Holdings Ltd0.12%
Trane Technologies PLC0.12%
Vertiv Holdings Co A0.12%
Texas Instruments Inc0.12%
Lattice Semiconductor Corp0.12%
Darden Restaurants Inc0.12%
Woodward Inc0.12%
Murphy Usa Inc0.11%
Manhattan Associates Inc0.11%
Tapestry Inc0.10%
Godaddy Inc Class A0.10%
Arista Networks Inc0.10%
Lam Research Corp0.10%
NVIDIA Corp0.10%
Carvana Co0.09%
Hilton Worldwide Holdings In0.09%
American Airlines Group Inc0.09%
Ge Vernova Inc0.09%
Cadence Design Sys Inc0.09%
Dexcom Inc0.09%
Howmet Aerospace Inc0.09%
Alphabet Inc Class A0.09%

Only in VONV

84 securities, 7.0% of VONV by weight

JPMorgan Chase & Co2.43%
Intel Corp1.51%
Goldman Sachs Group Inc/The0.67%
Welltower Inc0.46%
Synopsys Inc0.22%
Warner Bros Discovery Inc0.20%
Moderna Inc0.19%
Strategy Inc0.15%
KKR & Co Inc0.13%
SLBBH11420.07%
Amcor PLC0.05%
International Paper Co0.05%
BitMine Immersion Technologies Inc0.04%
SoFi Technologies Inc0.04%
Circle Internet Group Inc0.04%
Rivian Automotive Inc0.03%
Somnigroup International Inc0.03%
QXO Inc0.03%
Rocket Cos Inc0.03%
Invesco Ltd0.03%
CoStar Group Inc0.03%
Qorvo Inc0.03%
Space Exploration Technologies Corp0.02%
Alexandria Real Estate Equities Inc0.02%
Ralliant Corp0.02%
Viper Energy Inc0.02%
Kratos Defense & Security Solutions Inc0.02%
Aurora Innovation Inc0.02%
MP Materials Corp0.02%
James Hardie Industries PLC0.02%
Chime Financial Inc0.02%
Equitable Holdings Inc0.02%
Applied Digital Corp0.02%
Blue Owl Capital Inc0.02%
Healthcare Realty Trust Inc0.02%
elf Beauty Inc0.02%
Rubrik Inc0.02%
Teleflex Inc0.02%
AeroVironment Inc0.01%
Liberty Live Holdings Inc0.01%
Cousins Properties Inc0.01%
Figma Inc0.01%
Americold Realty Trust Inc0.01%
Brookfield Renewable Corp0.01%
Zillow Group Inc0.01%
Viking Therapeutics Inc0.01%
CCC Intelligent Solutions Holdings Inc0.01%
Ryan Specialty Holdings Inc<0.01%
Madison Square Garden Sports Corp<0.01%
Loar Holdings Inc<0.01%

Weight gaps

The 100 widest of 787 Holdings in both funds.

Holding weights in ONEO and VONV, widest gap first
Holding	More in ONEOMore in VONV	ONEO	VONV
Amazon.com IncAMZN	VONV +6.05 points	0.04%	6.09%
Apple IncAAPL	VONV +5.82 points	0.25%	6.07%
Microsoft CorpMSFT	VONV +5.17 points	0.07%	5.24%
Berkshire Hathaway Inc Class BBRK.B	VONV +2.52 points	0.03%	2.55%
Exxonmobil Holdings CorpXOM	VONV +1.76 points	0.08%	1.84%
Johnson & JohnsonJNJ	VONV +1.69 points	0.06%	1.75%
AbbVie IncABBV	VONV +1.13 points	0.04%	1.17%
Walmart IncWMT	VONV +1.13 points	0.02%	1.15%
Cisco Systems IncCSCO	VONV +1.13 points	0.04%	1.17%
Chevron CorpCVX	VONV +1.01 points	0.03%	1.04%
Bank of America CorpBAC	VONV +0.90 points	0.01%	0.91%
Procter & Gamble Co/ThePG	VONV +0.88 points	0.05%	0.93%
Merck & Co. Inc.MRK	VONV +0.88 points	0.11%	0.99%
Coca Cola Co/TheKO	VONV +0.78 points	0.03%	0.81%
UnitedHealth Group IncUNH	VONV +0.78 points	0.13%	0.91%
Meta Platforms Inc Class AMETA	VONV +0.76 points	0.04%	0.80%
Philip Morris InternationalPM	VONV +0.76 points	0.06%	0.82%
Anglogold Ashanti PLCAU	ONEO +0.69 points	0.70%	0.01%
Wells Fargo & CoWFC	VONV +0.66 points	<0.01%	0.67%
Rtx CorpRTX	VONV +0.64 points	0.05%	0.69%
Thermo Fisher Scientific IncTMO	VONV +0.61 points	0.08%	0.69%
Costco Wholesale CorpCOST	VONV +0.59 points	0.04%	0.63%
Morgan StanleyMS	VONV +0.57 points	<0.01%	0.58%
Intl Business Machines CorpIBM	VONV +0.56 points	0.01%	0.57%
Mckesson CorpMCK	ONEO +0.55 points	0.57%	0.02%
Linde PLCLIN	VONV +0.55 points	0.05%	0.60%
Ovintiv IncOVV	ONEO +0.51 points	0.55%	0.04%
Allstate CorpALL	ONEO +0.50 points	0.66%	0.16%
Permian Resources Corp Class APR	ONEO +0.49 points	0.53%	0.04%
Citigroup IncC	VONV +0.49 points	0.01%	0.50%
Archer Daniels Midland CoADM	ONEO +0.49 points	0.59%	0.10%
Apa CorpAPA	ONEO +0.48 points	0.52%	0.04%
Zoom Communications IncZM	ONEO +0.46 points	0.53%	0.07%
Cf Industries Holdings IncCF	ONEO +0.46 points	0.51%	0.05%
United Therapeutics CorpUTHR	ONEO +0.45 points	0.51%	0.06%
Skyworks Solutions IncSWKS	ONEO +0.43 points	0.47%	0.04%
Everpure Inc AP	ONEO +0.42 points	0.44%	0.02%
Netapp IncNTAP	ONEO +0.42 points	0.49%	0.07%
Abbott LaboratoriesABT	VONV +0.41 points	0.06%	0.47%
McDonald’s CorpMCD	VONV +0.41 points	0.04%	0.45%
Deere & CoDE	VONV +0.42 points	0.04%	0.46%
Walt Disney Co/TheDIS	VONV +0.41 points	0.09%	0.50%
BlackRock IncBLK	VONV +0.41 points	0.03%	0.44%
Delta Air Lines IncDAL	ONEO +0.40 points	0.53%	0.13%
Technipfmc PLCFTI	ONEO +0.39 points	0.43%	0.04%
Schwab (Charles) CorpSCHW	VONV +0.38 points	0.03%	0.41%
Qualcomm IncQCOM	VONV +0.38 points	0.15%	0.53%
Analog Devices IncADI	VONV +0.37 points	0.12%	0.49%
Salesforce IncCRM	VONV +0.37 points	0.13%	0.50%
Regeneron PharmaceuticalsREGN	ONEO +0.36 points	0.57%	0.21%
Humana IncHUM	ONEO +0.36 points	0.49%	0.13%
Devon Energy CorpDVN	ONEO +0.36 points	0.50%	0.14%
Gilead Sciences IncGILD	VONV +0.36 points	0.15%	0.51%
Verizon Communications IncVZ	VONV +0.35 points	0.18%	0.53%
Nextera Energy IncNEE	VONV +0.36 points	0.08%	0.43%
Pepsico IncPEP	VONV +0.34 points	0.08%	0.42%
Danaher CorpDHR	VONV +0.34 points	0.05%	0.39%
Edison InternationalEIX	ONEO +0.34 points	0.40%	0.06%
Synchrony FinancialSYF	ONEO +0.34 points	0.40%	0.06%
Pfizer IncPFE	VONV +0.33 points	0.12%	0.45%
At+t IncT	VONV +0.33 points	0.12%	0.45%
Incyte CorpINCY	ONEO +0.32 points	0.38%	0.06%
Expeditors Intl Wash IncEXPD	ONEO +0.32 points	0.39%	0.07%
Tenet Healthcare CorpTHC	ONEO +0.31 points	0.37%	0.06%
T Rowe Price Group IncTROW	ONEO +0.32 points	0.38%	0.06%
Twilio Inc ATWLO	ONEO +0.32 points	0.42%	0.10%
Coca Cola Consolidated IncCOKE	ONEO +0.31 points	0.34%	0.03%
Centene CorpCNC	ONEO +0.31 points	0.39%	0.08%
Eaton Corp PLCETN	VONV +0.31 points	0.08%	0.39%
Dollar General CorpDG	ONEO +0.31 points	0.38%	0.07%
Mueller Industries IncMLI	ONEO +0.30 points	0.34%	0.04%
Pultegroup IncPHM	ONEO +0.30 points	0.36%	0.06%
Union Pacific CorpUNP	VONV +0.30 points	0.11%	0.41%
Exelixis IncEXEL	ONEO +0.30 points	0.33%	0.03%
Prologis IncPLD	VONV +0.30 points	0.04%	0.34%
Ross Stores IncROST	ONEO +0.29 points	0.32%	0.03%
Illumina IncILMN	ONEO +0.30 points	0.41%	0.11%
Cincinnati Financial CorpCINF	ONEO +0.28 points	0.35%	0.07%
Ryder System IncR	ONEO +0.28 points	0.30%	0.02%
Five BelowFIVE	ONEO +0.27 points	0.29%	0.02%
Best Buy Co IncBBY	ONEO +0.27 points	0.32%	0.05%
Affiliated Managers GroupAMG	ONEO +0.26 points	0.29%	0.03%
Borgwarner IncBWA	ONEO +0.27 points	0.30%	0.03%
S+p Global IncSPGI	VONV +0.26 points	0.06%	0.32%
American Express CoAXP	VONV +0.26 points	0.05%	0.31%
Match Group IncMTCH	ONEO +0.26 points	0.29%	0.03%
Lowe’s Cos IncLOW	VONV +0.25 points	0.03%	0.28%
Mongodb IncMDB	ONEO +0.25 points	0.26%	<0.01%
Hf Sinclair CorpDINO	ONEO +0.25 points	0.30%	0.04%
Dollar Tree IncDLTR	ONEO +0.26 points	0.32%	0.06%
Kroger CoKR	ONEO +0.25 points	0.34%	0.09%
Vertex Pharmaceuticals IncVRTX	VONV +0.26 points	0.11%	0.37%
Renaissancere Holdings LtdRNR	ONEO +0.24 points	0.28%	0.04%
Us Foods Holding CorpUSFD	ONEO +0.24 points	0.30%	0.06%
Maplebear IncCART	ONEO +0.25 points	0.26%	<0.01%
Arch Capital Group LtdACGL	ONEO +0.25 points	0.33%	0.08%
C.h. Robinson Worldwide IncCHRW	ONEO +0.25 points	0.25%	<0.01%
Evercore Inc AEVR	ONEO +0.24 points	0.27%	0.03%
Huntington Ingalls IndustrieHII	ONEO +0.24 points	0.27%	0.03%
Ralph Lauren CorpRL	ONEO +0.24 points	0.25%	0.01%

All 931 ONEO holdings⁠All 872 VONV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ONEO vs VONV Cost

Overpaying ONEO vs VONV

$2,885

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ONEO 0.20%
$4,155
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

ONEO 0.20%
VONV 0.06%
Overpaying

Year by year

Year	ONEO	VONV	Overpaying
10	$365	$110	$255
20	$1,421	$432	$989
30	$4,155	$1,270	$2,885

Expense ratio

0.20%ONEO
0.06%VONV, cheaper

VONV0.06%ONEO0.20%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

ONEO 30th cheapest of 99 funds

ONEO vs VONV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ONEO 1.23%; VONV 1.53%, better
Payout (12M): ONEO $1.89; VONV $1.74
Last payment: ONEO $0.49; VONV $0.42
Ex-dividend: ONEO Sep 21, 2026; VONV Sep 23, 2026
Paid on: ONEO Sep 23, 2026; VONV Sep 25, 2026
Frequency: ONEO Quarterly; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ONEOQuarterly · 39 paymentsAll ONEO payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

ONEO vs VONV Risk

Fall from peak · 5 years

ONEO
VONV

Risk facts

VolatilityStd dev, 3 years: ONEO 13.7%VONV 12.1%, better
Return per unit of riskSharpe ratio, 3 years: ONEO 1.16VONV 1.43, better
Worst fallMax drawdown, 5 years: ONEO −22.4%VONV −18.9%, better
Market sensitivityBeta, 5 years: ONEO 0.94VONV 0.85; Market = 1

ONEO and VONV in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026VONV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026VONV
Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026VONV

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ONEO vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How ONEO and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ONEO

Only in VONV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list

The best value ETF depends on whose list you bought

US multifactor funds ran 30 points apart

How ONEO and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ONEO

Only in VONV

Weight gaps