FEXvsONEOETF Comparison
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First Trust Large Cap Core AlphaDEX Fund ETF (FEX) and State Street SPDR Russell 1000 Momentum Focus ETF (ONEO) belong to the same industry segment: US Multi-Factor. FEX's top 3 sector exposures are Finance, Technology and Industrials. In contrast, ONEO's top sector exposures are Industrials, Finance and Technology. FEX is more expensive with a Total Expense Ratio (TER) of 0.57%, versus 0.2% for ONEO. FEX is up 15.39% year-to-date (YTD) with -$3M in YTD flows. ONEO performs better with 18.19% YTD performance, and -$24M in YTD flows. Run a side-by-side ETF comparison of FEX and ONEO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FEX vs ONEO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FEX ONEO | -2.57%-3.45% | +1.26%+3.44% | +15.39%+18.19% | +19.31%+20.09% | +67.58%+62.53% | +63.14%+62.06% |
| Flows | FEX ONEO | +$7M+$2M | +$2M+$2M | -$3M-$24M | -$25M-$73M | -$172M-$166M | -$182M-$319M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FEX ONEO | +12.79%+11.27% | +13.20%+13.16% | +14.92%+15.20% | +16.93%+17.30% |
| Max drawdown | FEX ONEO | -4.36%-4.61% | -6.27%-7.42% | -19.51%-19.59% | -21.53%-22.42% |
| Max drawdown duration | FEX ONEO | 24d25d | 47d48d | 232d260d | 757d757d |
Trading data
FEX | ONEO | |
Last sale 9/11/2026 at 1:30 PM | $136.31 | $153.16 |
| Previous close 09/10/2026 | $135.10 | $151.88 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FEX | ONEO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
FEX | ONEO | |
|---|---|---|
| Last price | $136.31 | $153.16 |
| 1D performance | +0.90% | +0.84% |
| AuM | $1.57 B | $30.38 M |
| E/R | 0.57% | 0.2% |
Characteristics
FEX | ONEO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | State Street Investment Management |
| Benchmark | NASDAQ AlphaDEX Large Cap Core Index | Russell 1000 Momentum Focused Factor Index |
| N° of holdings | 372 | 917 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | December 2, 2015 |
| ESG | No | No |
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Exposure
Countries
FEX
USA
94.25%
Other
5.75%
ONEO
USA
94.84%
Other
5.16%
Sectors
FEX
Finance
20.63%
Technology
17.32%
Industrials
14.73%
Healthcare
9.84%
Utilities
7.15%
Energy
7.07%
Other
23.26%
ONEO
Industrials
15.9%
Finance
15.32%
Technology
14.66%
Healthcare
11.55%
Consumer Non-Cycl.
8.16%
Non-Energy Materi.
7.9%
Other
26.51%
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Diversification
FEX
Total weight of top 15 holdings out of 15
8.37%
ONEO
Total weight of top 15 holdings out of 15
8.03%
Top 15 holdings
Data as of July 31, 2026
FEX
Cognizant Technology Solutions Corp.
0.69%
Accenture Plc
0.64%
PayPal Holdings, Inc.
0.63%
Regeneron Pharmaceuticals, Inc.
0.58%
ConocoPhillips
0.57%
Global Payments, Inc.
0.56%
Super Micro Computer, Inc.
0.55%
Copart, Inc.
0.54%
Devon Energy Corp.
0.53%
AT&T, Inc.
0.53%
EOG Resources, Inc.
0.52%
Pfizer Inc.
0.51%
Verizon Communications, Inc.
0.51%
Zimmer Biomet Holdings, Inc.
0.51%
Phillips 66
0.50%
ONEO
The Allstate Corp.
0.68%
Anglogold Ashanti Plc
0.67%
Archer-Daniels-Midland Co.
0.62%
Expedia Group, Inc.
0.59%
Delta Air Lines, Inc.
0.57%
CF Industries Holdings, Inc.
0.54%
Regeneron Pharmaceuticals, Inc.
0.54%
Zoom Communications, Inc.
0.52%
McKesson Corp.
0.50%
Edison International
0.49%
Ovintiv, Inc.
0.48%
TechnipFMC plc
0.47%
CVS Health Corp.
0.46%
Permian Resources Corp.
0.45%
Devon Energy Corp.
0.45%
Frequently asked questions about FEX and ONEO
How have the FEX and ONEO ETFs performed in 2026?
As of September 9, 2026, FEX is up 15.39% year-to-date (YTD), while ONEO has returned 18.19%. That puts ONEO better performer ahead so far this year.
Which ETF is attracting more investor money: FEX or ONEO?
Year-to-date, the FEX ETF saw -$3M in flows, compared to -$24M for ONEO.
Which ETF is more volatile: FEX or ONEO?
Over the past year, FEX had a volatility of 13.2%, while ONEO experienced 13.16%.
Which ETF is bigger: FEX or ONEO?
As of September 9, 2026, FEX holds $1.57 B in assets under management (AUM), while ONEO manages $30.38 M.
What sectors do the FEX and ONEO ETFs invest in?
FEX leans toward sectors like Finance, Technology and Industrials. Meanwhile, ONEO focuses on Industrials, Finance and Technology.
What are the top holdings of the FEX ETF and ONEO ETF?
FEX top holdings include Cognizant Technology Solutions Corp., Accenture Plc and PayPal Holdings, Inc.. ONEO holds in its top three: The Allstate Corp., Anglogold Ashanti Plc and Archer-Daniels-Midland Co..
Which ETF is more diversified: FEX or ONEO?
FEX holds 372 securities with 8.37% of its assets in the top 15. ONEO has 924 securities and a top 15 weight of 8.03%.
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