State Street SPDR Russell 1000 Low Volatility Focus ETF
ONEV
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Dec 3, 2015
- CIK
- 0001064642
- Website
- ssga.com
- Similar Companies
- Business
- SPDR Russell 1000 Low Volatility Focus ETF (ONEV) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Low Volatility Focused Index. The fund employs a passive management strategy designed to track the index by holding a portfolio of securities that closely replicates the index's composition; it invests at least 80% of its total assets in securities comprising the index or in depositary receipts representing those securities. ONEV offers investors exposure to large- and mid-cap U.S. equities selected for low volatility characteristics and additional quality, value, and momentum factors, providing a diversified holding across sectors such as financials, healthcare, consumer staples, and information technology. The underlying Russell 1000 Low Volatility Focused Index, developed by FTSE Russell, targets the 400 least volatile stocks from the Russell 1000 Index based on historical volatility measures, with an overlay of multi-factor screens to enhance risk-adjusted returns; eligible securities must meet minimum liquidity and market capitalization thresholds. ONEV is issued and managed by State Street Global Advisors (SSGA), a subsidiary of State Street Corporation, with headquarters in Boston, Massachusetts; the firm launched the fund in September 2015 as part of its SPDR ETF suite focused on factor-based strategies. The ETF trades on the NYSE Arca exchange under the ticker ONEV and caters primarily to institutional and retail investors seeking reduced equity market downside risk while maintaining upside participation. Recent developments include SSGA's ongoing enhancements to its low-volatility ETF offerings amid heightened market interest in defensive strategies following the 2022-2023 volatility spikes; in 2024, the fund benefited from index reconstitutions that incorporated updated volatility data and factor tilts, resulting in portfolio adjustments to include more resilient names in technology and healthcare sectors. No major acquisitions, partnerships, or name changes have occurred for ONEV in the last two years, though SSGA announced expansions in its broader SPDR factor ETF lineup, including increased assets under management for low-volatility products exceeding $5 billion collectively by late 2025. The fund operates exclusively within U.S. equity markets with no international geographic focus.