SPDR Russell 1000 Momentum Focus ETF (ONEO)
Market Closed
17 Jul, 20:00
ARCA ARCA Primary $
152. 06
-0.54
-0.3519%
$
112.92M Market Cap
1.43% Div Yield
700 Volume
$ 152.6
Previous Close Want to track ONEO and more in your Portfolio? 🎯
Sign up for Marketlog, a portfolio tracker that will exceed your expectations!
ONEO: A Large-Cap Momentum ETF With Surprisingly Bad Momentum Features
ONEO is designed to select large-cap momentum stocks after first applying a size, quality, and value factor overlay. Fees are 0.20% and the ETF manages $99 million in assets. Unfortunately, ONEO does not deliver on its objective. My fundamental analysis demonstrates it's merely a well-diversified large-cap value fund targeting smaller Russell 1000 Index stocks. This article includes underlying metrics demonstrating its momentum and quality metrics are well below average, summarized by #194/259 and #235/259 momentum and quality rankings in its category.
Seekingalpha | 1 year ago
