State Street SPDR Russell 1000 Low Volatility Focus ETF (ONEV)
State Street SPDR Russell 1000 Low Volatility Focus ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $140.66, up 0.26% on the session, giving a market capitalisation of $501.0M. Its beta of 0.67 implies it has historically moved less than the broad market.
The State Street SPDR Russell 1000 Low Volatility Focus ETF (ONEV) aims to deliver investment performance that broadly corresponds to the total return of the Russell 1000 Low Volatility Focused Factor Index, prior to fees and expenses. This ETF utilizes a factor-based, or "smart beta," strategy to specifically identify and invest in stocks exhibiting lower volatility. The core objective is to offer investors a mechanism for mitigating portfolio risk and providing downside protection. Such multi-factor smart beta strategies bridge the gap between active and passive management, empowering investors to re-evaluate their market exposures and potentially enhance risk-adjusted returns with greater efficiency.
State Street SPDR Russell 1000 Low Volatility Focus ETF is most often compared with the following Financial Services names: