Is State Street SPDR Russell 1000 Low Volatility Focus ETF (ONEV) a Strong ETF Right Now?

Core Insights - The State Street SPDR Russell 1000 Low Volatility Focus ETF (ONEV) debuted on December 2, 2015, and provides broad exposure to the Style Box - Large Cap Blend category of the market [1] Fund Overview - ONEV is managed by State Street Investment Management and has accumulated assets exceeding $579.23 million, positioning it as an average-sized ETF in its category [5] - The ETF aims to match the performance of the Russell 1000 Low Volatility Focused Factor Index, which includes large-cap U.S. equity securities with high value, high quality, and low size characteristics, focusing on low volatility [6] Cost Structure - ONEV has annual operating expenses of 0.20%, which is competitive with most peer products in the same space [7] - The fund's 12-month trailing dividend yield is 1.89% [7] Sector Exposure and Holdings - The ETF has a significant allocation in the Industrials sector, comprising approximately 20.7% of the portfolio, followed by Healthcare and Financials [8] - Cardinal Health Inc (CAH) represents about 1.33% of the fund's total assets, with the top 10 holdings accounting for around 9.38% of total assets under management [9] Performance Metrics - As of November 12, 2025, ONEV has increased by approximately 7.23% and is up about 1.3% year-to-date [11] - The ETF has traded between $114.16 and $135.42 over the past 52 weeks, with a beta of 0.89 and a standard deviation of 13.08% for the trailing three-year period [11] Alternatives - ONEV is considered a strong option for investors looking to outperform the Style Box - Large Cap Blend segment, with alternatives such as iShares Core S&P 500 ETF (IVV) and Vanguard S&P 500 ETF (VOO) available for consideration [12][13]