Is SPDR Russell 1000 Yield Focus ETF (ONEY) a Strong ETF Right Now?

Core Viewpoint - The SPDR Russell 1000 Yield Focus ETF (ONEY) is a smart beta ETF designed to provide broad exposure to the large-cap value segment of the market, with a focus on high yield characteristics [1][5][6]. Fund Overview - Launched on December 2, 2015, ONEY has accumulated over $897.86 million in assets, positioning it as an average-sized ETF in its category [1][5]. - Managed by State Street Investment Management, the fund aims to match the performance of the Russell 1000 Yield Focused Factor Index [5]. Cost and Performance - ONEY has an annual operating expense ratio of 0.20%, making it one of the cheaper options in the market [7]. - The fund's 12-month trailing dividend yield is 3.01% [7]. - As of September 12, 2025, ONEY has gained approximately 7.75% year-to-date and 9.85% over the past year, with a trading range between $95.52 and $117.55 during the last 52 weeks [11]. Sector Exposure and Holdings - The fund has a significant allocation in the Consumer Staples sector, accounting for about 13.5% of the portfolio, followed by Consumer Discretionary and Industrials [8]. - United Parcel Service Cl B (UPS) represents about 2.1% of total assets, with the top 10 holdings comprising approximately 13.74% of total assets under management [9]. Alternatives - Other ETFs in the large-cap value space include Schwab U.S. Dividend Equity ETF (SCHD) and Vanguard Value ETF (VTV), which have larger asset bases and lower expense ratios [12][13].