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, Technology and Finance. FMDE is more expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.2% for ONEO. FMDE is up 14.88% year-to-date (YTD) with +$3.04B in YTD flows. ONEO performs better with 19.45% 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 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMDE ONEO | +1.45%+1.94% | +2.87%+1.09% | +14.88%+19.45% | +16.24%+20.46% | n/a+76.31% | n/a+57.52% |
| Flows | FMDE ONEO | +$279M- | +$745M+$2M | +$3.04B-$24M | +$3.59B-$73M | --$165M | --$317M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMDE ONEO | +11.13%+9.77% | +13.39%+12.86% | n/a+15.00% | n/a+17.22% |
| Max drawdown | FMDE ONEO | -5.79%-6.73% | -8.28%-7.42% | n/a-19.59% | n/a-22.42% |
| Max drawdown duration | FMDE ONEO | 68d68d | 49d48d | n/a260d | n/a757d |
Trading data
FMDE | ONEO | |
Last sale 10/23/2026 at 1:30 PM | $41.42 | $152.98 |
| Previous close 10/23/2026 | $41.56 | $153.87 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 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 | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
FMDE | ONEO | |
|---|---|---|
| Last price | $41.42 | $152.98 |
| 1D performance | -0.34% | -0.58% |
| AuM | $8.52 B | $30.60 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 | 415 | 914 |
| 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
95.97%
Other
4.03%
ONEO
USA
94.89%
Other
5.11%
Sectors
FMDE
Technology
20%
Finance
19.15%
Industrials
15.76%
Healthcare
11.14%
Non-Energy Materi.
7.52%
Other
26.43%
ONEO
Industrials
15.26%
Technology
15.06%
Finance
14.91%
Healthcare
11.89%
Non-Energy Materi.
8.41%
Consumer Non-Cycl.
7.98%
Other
26.5%
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Diversification
FMDE
Total weight of top 15 holdings out of 15
13.21%
ONEO
Total weight of top 15 holdings out of 15
8.56%
Top 15 holdings
Data as of August 31, 2026
FMDE
Marathon Petroleum Corp.
1.09%
Snowflake, Inc.
1.01%
The Allstate Corp.
0.99%
State Street Corp.
0.92%
Ford Motor Co.
0.89%
Keysight Technologies, Inc.
0.88%
Kinder Morgan, Inc.
0.87%
AMETEK, Inc.
0.87%
Nucor Corp.
0.85%
L3Harris Technologies, Inc.
0.85%
Ventas, Inc.
0.83%
MongoDB, Inc.
0.81%
Expedia Group, Inc.
0.80%
Northern Trust Corp.
0.78%
Sysco Corp.
0.78%
ONEO
Anglogold Ashanti Plc
0.93%
The Allstate Corp.
0.66%
Expedia Group, Inc.
0.63%
Archer-Daniels-Midland Co.
0.63%
Newmont Corp.
0.59%
CF Industries Holdings, Inc.
0.56%
Regeneron Pharmaceuticals, Inc.
0.56%
Zoom Communications, Inc.
0.52%
McKesson Corp.
0.51%
Delta Air Lines, Inc.
0.51%
TechnipFMC plc
0.51%
Ovintiv, Inc.
0.51%
Permian Resources Corp.
0.49%
Devon Energy Corp.
0.48%
Humana, Inc.
0.45%
Frequently asked questions about FMDE and ONEO
How have the FMDE and ONEO ETFs performed in 2026?
As of October 23, 2026, FMDE is up 14.88% year-to-date (YTD), while ONEO has returned 19.45%. 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 +$3.04B in flows, compared to -$24M for ONEO.
Which ETF is more volatile: FMDE or ONEO?
Over the past year, FMDE had a volatility of 13.39%, while ONEO experienced 12.86%.
Which ETF is bigger: FMDE or ONEO?
As of October 23, 2026, FMDE holds $8.52 B in assets under management (AUM), while ONEO manages $30.60 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, Technology and Finance.
What are the top holdings of the FMDE ETF and ONEO ETF?
FMDE top holdings include Marathon Petroleum Corp., Snowflake, Inc. and The Allstate Corp.. ONEO holds in its top three: Anglogold Ashanti Plc, The Allstate Corp. and Expedia Group, Inc..
Which ETF is more diversified: FMDE or ONEO?
FMDE holds 417 securities with 13.21% of its assets in the top 15. ONEO has 921 securities and a top 15 weight of 8.56%.
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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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