Should State Street SPDR Russell 1000 Low Volatility Focus ETF (ONEV) Be on Your Investing Radar?

Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the State Street SPDR Russell 1000 Low Volatility Focus ETF (ONEV) is a passively managed exchange traded fund launched on December 2, 2015.The fund is sponsored by State Street Investment Management. It has amassed assets over $554.77 million, making it one of the average sized ETFs attempting to match the Large Cap Blend segment of the US equity market.Why Large Cap BlendCompanies that fall in the large cap category tend to have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.Blend ETFs usually hold a mix of growth and value stocks as well as stocks that exhibit both value and growth characteristics. CostsSince cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.Annual operating expenses for this ETF are 0.2%, putting it on par with most peer products in the space.It has a 12-month trailing dividend yield of 1.74%.Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation to the Industrials sector -- about 21.3% of the portfolio. Healthcare and Financials round out the top three.Looking at individual holdings, Cardinal Health Inc (CAH) accounts for about 1.65% of total assets, followed by Cognizant Tech Solutions A (CTSH) and Cencora Inc (COR).The top 10 holdings account for about 10.01% of total assets under management.Performance and RiskONEV seeks to match the performance of the Russell 1000 Low Volatility Focused Factor Index before fees and expenses. The Russell 1000 Low Volatility Focused Factor Index reflects 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.The ETF return is roughly 4.4% so far this year and was up about 8.52% in the last one year (as of 01/22/2026). In the past 52-week period, it has traded between $114.16 and $139.58.The ETF has a beta of 0.87 and standard deviation of 12.8% for the trailing three-year period. With about 446 holdings, it effectively diversifies company-specific risk.AlternativesState Street SPDR Russell 1000 Low Volatility Focus ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, ONEV is a sufficient option for those seeking exposure to the Style Box - Large Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.The iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) track a similar index. While iShares Core S&P 500 ETF has $758.87 billion in assets, Vanguard S&P 500 ETF has $843.48 billion. IVV has an expense ratio of 0.03% and VOO charges 0.03%.Bottom-LineAn increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.Boost Your Portfolio with Our Top ETF InsightsZacks' exclusive Fund Newsletter delivers actionable information, top news and analysis, as well as top-performing ETFs, straight to your inbox every week.Don’t miss out on this valuable resource. It’s free!Get it now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report State Street SPDR Russell 1000 Low Volatility Focus ETF (ONEV): ETF Research ReportsThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks