ONEV - SPDR Russell 1000 Low Volatility Focus ETF
| Assets | $534.41M |
| NAV | $102.97 |
| Expense Ratio | 0.20% |
| PE Ratio | 19.45 |
| Beta (5Y) | 1.01 |
| Dividend (ttm) | $1.65 |
| Dividend Yield | 1.60% |
| Ex-Dividend Date | Mar 22, 2021 |
| 1-Year Return | - |
| Trading Day | April 20 |
| Last Price | $102.50 |
| Previous Close | $102.95 |
| Change ($) | -0.46 |
| Change (%) | -0.44% |
| Day's Open | 102.66 |
| Day's Range | 102.15 - 102.67 |
| Day's Volume | 2,717 |
| 52-Week Range | 62.07 - 103.46 |
Fund Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Low Volatility Focused Factor Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising low volatility characteristics.
| Asset Class Portfolio-Multi Asset | Sector Large Cap |
| Region North America | Inception Date Dec 2, 2015 |
| Exchange NYSEARCA | Ticker Symbol ONEV |
| Index Tracked Russell 1000 Low Volatility Focused Factor Index | |
Top 10 Holdings
9.56% of assets| Name | Symbol | Weight |
|---|---|---|
| HP Inc | HPQ | 1.85% |
| Cognizant | CTSH | 1.15% |
| Southwest Airlines | LUV | 0.91% |
| Progressive | PGR | 0.88% |
| CDW Corporation | CDW | 0.86% |
| Cincinnati Financial | CINF | 0.82% |
| Hewlett Packard Enterprise Co. | HPE | 0.79% |
| Maxim Integrated | MXIM | 0.78% |
| McKesson | MCK | 0.76% |
| Johnson Controls | JCI | 0.75% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 22, 2021 | $0.376 | Mar 25, 2021 |
| Dec 21, 2020 | $0.591 | Dec 24, 2020 |
| Sep 21, 2020 | $0.317 | Sep 24, 2020 |
| Jun 22, 2020 | $0.363 | Jun 25, 2020 |
| Mar 23, 2020 | $0.405 | Mar 26, 2020 |
| Dec 23, 2019 | $0.662 | Dec 27, 2019 |
After an astounding rally for the past couple of months, Wall Street is stuck in a vicious circle of volatility caused by fears of a second wave of coronavirus cases and the Fed's grim economic outlook.
Amid the negative economic data flows, it is prudent to invest in low-volatility ETFs.
Low-risk ETFs have the potential to outpace the broader market in bearish market conditions, providing significant protection to the portfolio.
Investors look complacent about the market rally as they find the virus fears to be is overblown. If the situation takes a turn for the worse, it would be wise to bet on undervalued and low-beta ETFs.
The global stock market is reacting to changes in the trade narrative. Positive progress in U.S.
This low volatility ETF hits a new 52-week high. Are more gains in store for this ETF?
September is historically the worst month for the stock market. According to Dow Jones Market Data, the Dow Jones Industrial Average and the S&P 500 have witnessed average declines of 1% each since 1937.
Low volatility ETFs have the potential to outpace the broader market in bearish conditions or in an uncertain environment providing significant protection to the portfolio.