5 Best Low Volatility ETFs To Buy

2. SPDR Russell 1000 Low Volatility Focus ETF (NYSE:ONEV)

5-Year Share Price Performance as of April 4: 58.44%

SPDR Russell 1000 Low Volatility Focus ETF (NYSE:ONEV) aims to mirror the performance of the Russell 1000 Low Volatility Focused Factor Index. It utilizes factor investing to target specific investor goals, such as downside protection, by focusing on stocks with low volatility. SPDR Russell 1000 Low Volatility Focus ETF (NYSE:ONEV) ranks 2nd on our list of the best low volatility ETFs. As of April 5, 2024, the fund owns $651.67 million in assets under management, with a gross expense ratio of 0.20% and a portfolio of 468 stocks. 

Cencora, Inc. (NYSE:COR) is one of the top holdings of SPDR Russell 1000 Low Volatility Focus ETF (NYSE:ONEV). Cencora, Inc. (NYSE:COR) is a pharmaceutical sourcing and distribution company with two main segments – U.S. Healthcare Solutions and International Healthcare Solutions. On January 31, the company reported earnings for the quarter ended December 31, 2023. Cencora announced a non-GAAP EPS of $3.28 and a revenue of $72.3 billion, exceeding Wall Street estimates by $0.39 and $3.06 billion, respectively. 

According to Insider Monkey’s fourth quarter database, 48 hedge funds were bullish on Cencora, Inc. (NYSE:COR), compared to 43 funds in the last quarter. 

TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding Cencora, Inc. (NYSE:COR) in its fourth quarter 2023 investor letter:

“Our preference within Health Care is for novel therapies to address unmet medical needs, specialized providers, and innovators. Cencora, Inc. (NYSE:COR) sources and distributes pharmaceutical products. Another strong quarter boosted its stock by 14%, with beats across all major metrics. Cencora’s mix is heavily weighted to specialty drugs and that continues to drive above market growth. Management’s forward guidance was better than feared.”