FMDEvsONEOETF Comparison
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Fidelity Enhanced Mid Cap ETF (FMDE) belongs to the US Mid Cap segment. State Street SPDR Russell 1000 Momentum Focus ETF (ONEO) is part of the US Multi-Factor segment. FMDE's top 3 sector exposures are Technology, Finance and Industrials. In contrast, ONEO's top sector exposures are Industrials, Finance and Technology. FMDE is more expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.2% for ONEO. FMDE is up 14.3% year-to-date (YTD) with +$2.81B in YTD flows. ONEO performs better with 19% YTD performance, and -$24M in YTD flows. Run a side-by-side ETF comparison of FMDE 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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FMDE 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. | FMDE ONEO | -2.41%-2.79% | +4.95%+2.35% | +14.30%+19.00% | +16.11%+20.77% | n/a+63.64% | n/a+62.21% |
| Flows | FMDE ONEO | +$316M+$2M | +$934M+$2M | +$2.81B-$24M | +$3.92B-$73M | --$166M | --$319M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMDE ONEO | +11.84%+11.73% | +13.67%+13.14% | n/a+15.20% | n/a+17.30% |
| Max drawdown | FMDE ONEO | -3.82%-3.96% | -8.28%-7.42% | n/a-19.59% | n/a-22.42% |
| Max drawdown duration | FMDE ONEO | 24d24d | 49d48d | n/a260d | n/a757d |
Trading data
FMDE | ONEO | |
Last sale 9/10/2026 at 1:30 PM | $41.03 | $151.88 |
| Previous close 09/09/2026 | $41.36 | $152.99 |
| Consolidated volume 09/09/2026 | ||
| 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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FMDE
is actively managed and doesn’t replicate an indexFMDE | ONEO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
FMDE | ONEO | |
|---|---|---|
| Last price | $41.03 | $151.88 |
| 1D performance | -0.80% | -0.73% |
| AuM | $8.26 B | $30.58 M |
| E/R | 0.23% | 0.2% |
Characteristics
FMDE | ONEO | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Fidelity | State Street Investment Management |
| Benchmark | - | Russell 1000 Momentum Focused Factor Index |
| N° of holdings | 372 | 917 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 20, 2023 | December 2, 2015 |
| ESG | No | No |
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Exposure
Countries
FMDE
USA
96.21%
Other
3.79%
ONEO
USA
94.84%
Other
5.16%
Sectors
FMDE
Technology
19.53%
Finance
19.26%
Industrials
16.67%
Healthcare
10.6%
Non-Energy Materi.
7.48%
Other
26.46%
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
FMDE
Total weight of top 15 holdings out of 15
13.43%
ONEO
Total weight of top 15 holdings out of 15
8.03%
Top 15 holdings
Data as of July 31, 2026
FMDE
Marathon Petroleum Corp.
1.07%
The Allstate Corp.
1.07%
L3Harris Technologies, Inc.
0.95%
Ford Motor Co.
0.92%
Nucor Corp.
0.92%
AMETEK, Inc.
0.91%
Kinder Morgan, Inc.
0.89%
Ventas, Inc.
0.89%
State Street Corp.
0.89%
Keysight Technologies, Inc.
0.86%
Humana, Inc.
0.85%
Expedia Group, Inc.
0.83%
Comfort Systems USA, Inc.
0.80%
Cardinal Health, Inc.
0.79%
Corteva, Inc.
0.79%
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 FMDE and ONEO
How have the FMDE and ONEO ETFs performed in 2026?
As of September 9, 2026, FMDE is up 14.3% year-to-date (YTD), while ONEO has returned 19%. That puts ONEO better performer ahead so far this year.
Which ETF is attracting more investor money: FMDE or ONEO?
Year-to-date, the FMDE ETF saw +$2.81B in flows, compared to -$24M for ONEO.
Which ETF is more volatile: FMDE or ONEO?
Over the past year, FMDE had a volatility of 13.67%, while ONEO experienced 13.14%.
Which ETF is bigger: FMDE or ONEO?
As of September 9, 2026, FMDE holds $8.26 B in assets under management (AUM), while ONEO manages $30.58 M.
What sectors do the FMDE and ONEO ETFs invest in?
FMDE leans toward sectors like Technology, Finance and Industrials. Meanwhile, ONEO focuses on Industrials, Finance and Technology.
What are the top holdings of the FMDE ETF and ONEO ETF?
FMDE top holdings include Marathon Petroleum Corp., The Allstate Corp. and L3Harris Technologies, Inc.. ONEO holds in its top three: The Allstate Corp., Anglogold Ashanti Plc and Archer-Daniels-Midland Co..
Which ETF is more diversified: FMDE or ONEO?
FMDE holds 374 securities with 13.43% of its assets in the top 15. ONEO has 924 securities and a top 15 weight of 8.03%.
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Latest news about FMDE & ONEO
Key Takeaways from the 2024 Trackinsight Global ETF Survey: Active ETFs
February 16, 2024
FMDE
Fidelity Continues Trend of Mutual Fund Conversions to ETFs
November 27, 2023
FMDE
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