SPDR Russell 1000 ETF Volatility

ONEY ETF

USD 125.03 0.61 0.49%

SPDR Russell price risk is quantified relative to broad market benchmarks. Its long-term beta is 0.82, meaning it tends to be less volatile than the market as a whole. The ETF shows very low price volatility over the last 3 months.

Sharpe Ratio = 0.0182

Expected Return ↓

Minimal

Low

Moderate

Elevated

High

Leading

Strong

Moderate

Modest

Flat

Below

Ideal

ONEY

Worst

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Latest disclosures for SPDR Russell 1000 show a Market Risk Adjusted Performance of 0.04%, a Risk of 0.73, and a Risk Adjusted Performance of 0.03%. Moving average data positions the ETF near 1% of its recent return envelope.

Key indicators related to SPDR Russell's volatility include:

90 Days Market Risk

Very Low

Chance Of Distress

Low

90 Days Economic Sensitivity

Follows the market closely

Key risk metrics for SPDR Russell (3 Months):

Beta

0.6

Alpha

0.03

Risk

0.73

Sharpe Ratio

0.02

Expected Return

0.01

Assets With Similar Volatility

0.97	VOE	Vanguard Mid Cap Value	Pair Corr
0.68	SDY	SPDR SAMPP Dividend	Pair Corr
0.91	DVY	iShares Select Dividend	Pair Corr
0.92	IWS	iShares Russell Mid Cap	Pair Corr
0.64	FVD	First Trust Value	Pair Corr
0.87	SPYD	SPDR Portfolio SAMPP	Pair Corr
0.69	COWZ	Pacer Cash Cows	Pair Corr
0.97	IJJ	iShares SAMPP Mid Cap	Pair Corr
0.97	DON	WisdomTree MidCap Dividend	Pair Corr
0.94	RPV	Invesco SAMPP 500	Pair Corr
0.64	USD	ProShares Ultra Semiconductors	Pair Corr
0.63	TECL	Direxion Daily Technology	Pair Corr
0.63	SMH	VanEck Semiconductor ETF	Pair Corr
0.68	QLD	ProShares Ultra QQQ	Pair Corr
0.62	SOXX	iShares Semiconductor ETF	Pair Corr
0.77	SPXL	Direxion Daily SAMPP500	Pair Corr
0.84	UPRO	ProShares UltraPro SAMPP500	Pair Corr
0.74	EMM	Global X Emerging	Pair Corr
0.7	JUNW	AllianzIM Equity Buffer20	Pair Corr
0.82	NOVZ	Listed Funds Trust	Pair Corr

Sensitivity To Market

The beta coefficient of 0.6 for SPDR Russell 1000 measures how its returns respond to broader market changes. In regression terms, beta captures the slope between asset returns and index returns. Historical volatility is currently near 0.73%. This analysis separates observed movement from interpretation for SPDR Russell 1000. Standard deviation (0.77%) and downside deviation (0.77%) describe the range without implying direction. Options markets imply a forward-looking volatility estimate near 29.0%. This reflects comparatively contained forward-looking volatility expectations. Creation/redemption activity keeps price closer to NAV, but volatility still rises during stress. Premium/discount to NAV is often expressed as (Price − NAV) / NAV × 100 when NAV is available.

Current 90-day SPDR Russell correlation with market (Dow Jones Industrial)

0.03

0.60

Competition

3 Months Beta |SPDR Russell 1000 Demand Trend

Current 90-day SPDR Russell correlation with market (Dow Jones Industrial)

Downside Risk

SPDR Russell standard deviation over the selected horizon reflects the magnitude of daily price swings relative to the historical average. A rising standard deviation for SPDR Russell over successive periods signals increasing price uncertainty.

Standard Deviation

0.73

Understanding the asymmetry between upside and downside risk is critical for SPDR Russell analysis. Total price dispersion includes upside, while downside deviation captures only loss risk in SPDR Russell's returns. Latest disclosures for SPDR Russell 1000 show a Downside Deviation of 0.77, a Downside Variance of 0.59, and a Maximum Drawdown of 3.55.

SPDR Russell Put Option Risk Profile Based on 2026-05-15 Contracts

Latest disclosures for SPDR Russell 1000 show an Option Implied Volatility of 0.29 and an Option Max Pain Price of -1. A put option on SPDR Russell gives the holder the right, but not the obligation, to sell SPDR Russell shares at a predetermined strike. The put holder retains the right to sell a fixed amount of SPDR Russell ETF at the agreed strike within the option's life.

SPDR Russell's PUT expiring on 2026-06-18

Profit

SPDR Russell Price At Expiration

ETF Volatility Analysis

Volatility is a statistical measure of the dispersion of SPDR Russell ETF returns over a given period of time. Volatility measures how much SPDR Russell's ETF price deviates from its average over a period.

Transformation

This analysis covers sixty-one data points across the selected time horizon. The Average Price transformation calculates the mean of SPDR Russell 1000's open, high, low, and close for each trading period. By incorporating all four price components equally, it provides a balanced representation of each period's trading activity. Compared to using the closing price alone, the average price reduces the influence of end-of-day positioning and can serve as a smoother input for other technical indicators.

Projected Return Density Against Market

Given a 90-day horizon, SPDR Russell has a beta of 0.5959. This indicates as returns on the market go up, SPDR Russell's average returns tend to increase less than the benchmark. However, during a bear market, the loss from holding SPDR Russell 1000 tends to be smaller as well.

SPDR Russell carries exposure to broad market movements as well as company or sector-specific developments. While portfolio diversification can reduce asset-level risk, systematic volatility cannot be avoided. Standard deviation and beta quantify this exposure. Latest disclosures for SPDR Russell 1000 show a Downside Deviation of 0.77, a Mean Deviation of 0.59, and an Option Implied Volatility of 0.29.

SPDR Russell 1000 has an alpha of 0.0288, implying that it can generate a 0.0288 percent excess return over Dow Jones Industrial after adjusting for the inherent market risk (beta).

Predicted Return Distribution

Density

SPDR Russell's volatility is typically evaluated with standard deviation and beta. Standard deviation reflects how far SPDR Russell's returns usually move from the mean over the selected horizon.

What Drives SPDR Russell's Price Volatility?

Holdings and Allocation

Exposure changes, asset reallocation, or index methodology updates in the Mid-Cap Value category can alter SPDR Russell's day-to-day volatility profile.

Political and Economic Environment

Broad market tone, policy uncertainty, and recession or expansion signals shape volatility conditions for SPDR Russell.

SPDR Russell's Fund-Specific Factors

Unexpected fund flow surges, tracking deviation, or liquidity changes can drive outsized moves in SPDR Russell's price.

ETF Risk Measures

Given a 90-day horizon, the coefficient of variation of SPDR Russell is 5490.58. The daily returns are distributed with a variance of 0.53 and standard deviation of 0.73. The mean deviation of SPDR Russell 1000 is currently at 0.56. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.92

α	Alpha over Dow Jones	0.03	Details
β	Beta against Dow Jones	0.60	Details
σ	Overall volatility	0.73	Details
Ir	Information ratio	0.05	Details

ETF Return Volatility

Volatility for SPDR Russell quantifies the day-to-day dispersion of ETF returns around their historical average. The ETF carries 0.7292% return volatility across the 90-day horizon. As a benchmark, Dow Jones Industrial reported 0.9237% volatility on return distribution over a 90-day investment horizon.

Performance

Timeline

Related Correlations Analysis

	ONEV	EDIV	QEFA	EZM	VTWV	DDWM	AVIV	JKI	UYG	FYX
ONEV		0.91	0.83	0.84	0.68	0.92	0.9	-0.35	0.84	0.54	ONEV
EDIV	0.91		0.89	0.8	0.66	0.97	0.95	-0.37	0.77	0.52	EDIV
QEFA	0.83	0.89		0.77	0.64	0.89	0.91	-0.24	0.78	0.52	QEFA
EZM	0.84	0.8	0.77		0.96	0.78	0.83	-0.02	0.84	0.9	EZM
VTWV	0.68	0.66	0.64	0.96		0.65	0.72	0.16	0.7	0.98	VTWV
DDWM	0.92	0.97	0.89	0.78	0.65		0.97	-0.28	0.76	0.51	DDWM
AVIV	0.9	0.95	0.91	0.83	0.72	0.97		-0.23	0.82	0.59	AVIV
JKI	-0.35	-0.37	-0.24	-0.02	0.16	-0.28	-0.23		-0.23	0.3	JKI
UYG	0.84	0.77	0.78	0.84	0.7	0.76	0.82	-0.23		0.6	UYG
FYX	0.54	0.52	0.52	0.9	0.98	0.51	0.59	0.3	0.6		FYX
	ONEV	EDIV	QEFA	EZM	VTWV	DDWM	AVIV	JKI	UYG	FYX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FYX	+ 0.98	VTWV
DDWM	+ 0.97	EDIV
AVIV	+ 0.97	DDWM
VTWV	+ 0.96	EZM
AVIV	+ 0.95	EDIV
DDWM	+ 0.92	ONEV

High negative correlations

JKI	- 0.37	EDIV
JKI	- 0.35	ONEV
JKI	- 0.28	DDWM
JKI	- 0.24	QEFA
UYG	- 0.23	JKI
JKI	- 0.23	AVIV

SPDR Russell Constituents Risk-Adjusted Indicators

Headline performance for SPDR Russell ETF may not fully reflect how the business compares across its competitive set. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ONEV	0.60	0.01	0.02	-0.01	0.73	-0.60	1.25	-1.17	3.03
EDIV	0.78	0.05	0.05	0.03	1.00	-0.84	1.88	-1.85	4.52
QEFA	0.80	-0.01	0.01	0.15	1.09	-0.88	2.03	-1.95	4.66
EZM	0.76	0.06	0.07	0.05	0.89	-0.79	1.96	-1.60	4.76
VTWV	0.93	0.13	0.10	0.09	1.20	-0.90	2.27	-1.81	5.11
DDWM	0.83	0.03	0.03	0.01	1.16	-0.85	1.80	-1.71	5.44
AVIV	0.89	0.03	0.02	0.00	1.26	-0.87	2.20	-2.05	5.37
JKI	0.58	0.04	0.09	-0.31	0.65	-0.60	1.35	-1.19	3.26
UYG	1.60	-0.12	0.00	-0.09	0.00	0.00	3.29	-4.10	10.47
FYX	0.91	0.16	0.14	0.13	0.99	-0.93	2.47	-1.86	5.00

Risk Metrics, Assumptions & Methodology

Systematic risk exposure for SPDR Russell measures how much of the fund's volatility comes from broad market movements versus idiosyncratic factors. A beta above one indicates amplified sensitivity to market swings, increasing both upside and downside exposure.

SPDR Russell 1000 data is compiled from fund disclosures and market reference feeds and standardized for comparability. Volatility and downside metrics are estimated from historical return dispersion.

Editorial review and methodology oversight provided by: Rifka Kats, Member of Macroaxis Editorial Board

Volatility Profile Summary

Recent data suggests that SPDR Russell 1000 is less volatile than Dow Jones Industrial by approximately 1.26x over the selected horizon. This differential reflects the relative dispersion of returns and frames how each asset responds to broader market conditions. Observed price behavior indicates modest directional movement within the current volatility regime. Across the current 90-day horizon, that places the security below 6% of the broader equity and portfolio universe on a pure volatility basis. This positioning reflects relative dispersion compared to peers rather than extreme instability.

SPDR Russell 1000 with characteristics aligned to broad market upside participation. This short-horizon analysis focuses on what the latest move may imply for immediate market context. It is intended to separate routine noise from more speculative bursts in price action. a normal upward fluctuation. Return distributions derived from historical modeling outline a range of potential outcomes over the selected 90-day horizon. View SPDR Russell probability analysis.

Minimal diversification benefit

The correlation between SPDR Russell and Dow Jones is 0.93, which Macroaxis classifies as Minimal diversification benefit for the selected horizon. This chart measures the degree of risk overlap between SPDR Russell and Dow Jones.

View Details

Additional Risk Indicators

Secondary risk indicators for SPDR Russell 1000 evaluate exposure beyond standard deviation, beta, or one headline volatility measure. Cross-security comparison within similar growth and valuation profiles provides additional context for interpreting relative risk positioning.

	Risk Adjusted Performance	0.0285
	Market Risk Adjusted Performance	0.0358
	Mean Deviation	0.5895
	Semi Deviation	0.7179
	Downside Deviation	0.7706
	Coefficient Of Variation	3021.71
	Standard Deviation	0.7662

SPDR Russell Suggested Diversification Pairs

A pair-trading setup around SPDR Russell shifts the return benchmark from the broad market to a second position, altering the risk profile. Pair trading is less about prediction in isolation and more about identifying relative mispricing between related positions.

Risk reduction through pair trading is real but has limits - not every type of exposure can be offset by a second leg. SPDR Russell's exposure to overall market risk stays intact regardless of pairing. The value of a second leg lies in reducing SPDR Russell's idiosyncratic risk - the part that comes from company-level events rather than macro conditions.

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