SPDR Russell 1000 Low Volatility Focus ETF (ONEV) Performance
ONEV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.9% since Dec 31, 2025
- 1 year
- +14.3% total return
- 5 years
- +8.5% a year
- 10 years
- +11.6% a year
- Since first price
- +11.4% a year since 2015
ONEV trailing returns vs SPY, QQQ, AGG
| Period | ONEV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.7% | +5.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.8% | +3.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.9% | +6.8% | +7.8% | +8.4% | −1.5% |
| YTD | +13.9% | +12.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.3% | +12.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +56.8%+16.2%/yr | +47.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +50.0%+8.5%/yr | +36.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +198.9%+11.6%/yr | +134.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionDec 3, 2015 | +223.2%+11.4%/yr | +149.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ONEV vs SPY
From Dec 3, 2015: ONEV grew to $32,319, SPY to $44,213.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ONEV returns by calendar year
8 of 10 full years positive. Best 2019 (+30.7%), worst 2022 (−8.2%). 2026 is year to date.
ONEV annual returns table
| Year | ONEV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.9% | −8.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.1% | −12.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +11.8% | −7.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.3% | −10.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −8.2% | −18.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +29.2% | −5.6% | +28.7% | +27.4% | −1.8% |
| 2020 | +6.7% | −39.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +30.7% | −5.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −5.3% | −16.8% | −4.6% | −0.1% | +0.1% |
| 2017 | +18.1% | −2.7% | +21.7% | +32.7% | +3.6% |
| 2016 | +13.0% | −6.0% | +12.0% | +7.1% | +2.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ONEV largest drawdowns
Now 1.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −39.7% | Mar 23, 2020 | Nov 16, 2020 | 2 months | 10 months |
| Dec 29, 2021 | −18.5% | Sep 30, 2022 | Jul 19, 2023 | 9 months | 1.6 years |
| Sep 21, 2018 | −16.8% | Dec 24, 2018 | Apr 1, 2019 | 3 months | 6 months |
| Nov 29, 2024 | −14.8% | Apr 8, 2025 | Aug 13, 2025 | 4 months | 8 months |
| Dec 4, 2015 | −11.0% | Jan 20, 2016 | Mar 16, 2016 | 47 days | 3 months |
| Jul 25, 2023 | −10.9% | Oct 27, 2023 | Dec 13, 2023 | 3 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ONEV risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2015 |
|---|---|---|---|---|
| Annualized return | +12.0% | +8.1% | +10.6% | +10.9% |
| Volatility (annualized) | 12.6% | 15.2% | 15.6% | 15.4% |
| Sharpe ratio | 0.62 | 0.35 | 0.58 | 0.61 |
| Sortino ratio | 0.94 | 0.54 | 0.86 | 0.92 |
| Best month | +7.6% | +9.6% | +11.7% | +11.7% |
| Worst month | −6.7% | −8.9% | −18.0% | −18.0% |
| Best 12 months | +28.2% | +28.2% | +62.7% | +62.7% |
| Worst 12 months | +1.6% | −9.5% | −16.4% | −16.4% |
| Positive months | 61% | 55% | 62% | 62% |
| Beta vs S&P 500 | 0.67 | 0.80 | 0.90 | — |
| Correlation with S&P 500 | 0.66 | 0.82 | 0.89 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ONEV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 119 | −16.4% | +10.9% | +62.7% | 87% |
| 3-year (a year) | 95 | +0.1% | +11.1% | +21.7% | 100% |
| 5-year (a year) | 71 | +7.9% | +11.4% | +17.4% | 100% |
| 10-year (a year) | 11 | +10.6% | +11.1% | +12.2% | 100% |
Every holding period starting at a month-end since 2015. Returns for 3 years and longer are annualized.
ONEV performance overview
SPDR Russell 1000 Low Volatility Focus ETF (ONEV) returned +14.3% over the past year and +11.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2015 it has returned +11.4% a year, turning $10,000 into about $32,319. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −39.7%, from Jan 17, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. ONEV finished 8 of its 10 full calendar years with a gain; the best year was 2019 (+30.7%) and the worst 2022 (−8.2%). Volatility has been 15.4% a year.
Related: ONEV chart, ONEV holdings, ONEV dividends, ONEV valuation. See the ONEV overview for the latest quote and fund facts.
ONEV performance FAQ
What is the ONEV return over the past year?
ONEV returned +14.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.0%.
What is the average annual return of ONEV?
ONEV has returned +8.5% a year over 5 years, +11.6% a year over 10 years, +11.4% a year since December 3, 2015 (total return, distributions reinvested).
How much would $10,000 invested in ONEV be worth?
$10,000 invested in ONEV at its first recorded close on December 3, 2015 would be worth about $32,319 on October 23, 2026 with distributions reinvested.
What was the worst year for ONEV?
The worst calendar year was 2022, with a total return of −8.2%. The best was 2019 at +30.7%.
What is the biggest drawdown of ONEV?
The largest peak-to-trough decline was −39.7% between January 17, 2020 and March 23, 2020. It recovered to the old high on November 16, 2020, 8 months after the bottom.
How volatile is ONEV?
Over the past 3 years ONEV had an annualized volatility of 12.6% and a Sharpe ratio of 0.62 (excess return over 1–3 month T-bills per unit of risk).