ONEOvsFMDEETF Comparison
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State Street SPDR Russell 1000 Momentum Focus ETF (ONEO) belongs to the US Multi-Factor segment. Fidelity Enhanced Mid Cap ETF (FMDE) is part of the US Mid Cap segment. ONEO's top 3 sector exposures are Industrials, Technology and Finance. In contrast, FMDE's top sector exposures are Technology, Finance and Industrials. ONEO is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.23% for FMDE. ONEO is up 20.18% year-to-date (YTD) with -$26M in YTD flows. FMDE performs worse with 14.04% YTD performance, and +$2.35B in YTD flows. Run a side-by-side ETF comparison of ONEO and FMDE 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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ONEO vs FMDE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ONEO FMDE | +1.24%+1.72% | +9.25%+8.77% | +20.18%+14.04% | +23.91%+18.75% | +59.91%n/a | +68.10%n/a |
| Flows | ONEO FMDE | -$6M-$73M | +$32K+$801M | -$26M+$2.35B | -$74M+$3.67B | -$168M- | -$320M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ONEO FMDE | +13.51%+12.48% | +13.28%+13.71% | +15.25%n/a | +17.32%n/a |
| Max drawdown | ONEO FMDE | -3.15%-3.27% | -7.42%-8.28% | -19.59%n/a | -22.42%n/a |
| Max drawdown duration | ONEO FMDE | 7d8d | 48d49d | 260dn/a | 757dn/a |
Trading data
ONEO | FMDE | |
Last sale 7/29/2026 at 1:30 PM | $152.75 | $40.89 |
| Previous close 07/28/2026 | $154.54 | $41.23 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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FMDE
is actively managed and doesn’t replicate an indexONEO | FMDE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
ONEO | FMDE | |
|---|---|---|
| Last price | $152.75 | $40.89 |
| 1D performance | -1.16% | -0.82% |
| AuM | $29.34 M | $7.79 B |
| E/R | 0.2% | 0.23% |
Characteristics
ONEO | FMDE | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | Fidelity |
| Benchmark | Russell 1000 Momentum Focused Factor Index | - |
| N° of holdings | 918 | 329 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 2, 2015 | November 20, 2023 |
| ESG | No | No |
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Exposure
Countries
ONEO
USA
94.6%
Other
5.4%
FMDE
USA
95.81%
Other
4.19%
Sectors
ONEO
Industrials
16.58%
Technology
15.84%
Finance
14.58%
Healthcare
10.97%
Non-Energy Materi.
8.09%
Consumer Non-Cycl.
7.81%
Other
26.12%
FMDE
Technology
19.58%
Finance
19.2%
Industrials
17.6%
Healthcare
8.76%
Other
34.85%
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Diversification
ONEO
Total weight of top 15 holdings out of 15
7.62%
FMDE
Total weight of top 15 holdings out of 15
14.42%
Top 15 holdings
Data as of June 30, 2026
ONEO
Anglogold Ashanti Plc
0.68%
Delta Air Lines, Inc.
0.62%
The Allstate Corp.
0.61%
Archer-Daniels-Midland Co.
0.60%
Expedia Group, Inc.
0.51%
Edison International
0.50%
CF Industries Holdings, Inc.
0.47%
Zoom Communications, Inc.
0.47%
Credo Technology Group Holding Ltd.
0.47%
Humana, Inc.
0.47%
United Therapeutics Corp.
0.46%
CVS Health Corp.
0.45%
Regeneron Pharmaceuticals, Inc.
0.44%
McKesson Corp.
0.44%
Newmont Corp.
0.44%
FMDE
Teradyne, Inc.
1.12%
The Bank of New York Mellon Corp.
1.05%
Howmet Aerospace, Inc.
1.04%
The Allstate Corp.
1.01%
Kinder Morgan, Inc.
1.00%
Comfort Systems USA, Inc.
0.98%
Marathon Petroleum Corp.
0.96%
AMETEK, Inc.
0.95%
Keysight Technologies, Inc.
0.94%
Ford Motor Co.
0.93%
State Street Corp.
0.92%
L3Harris Technologies, Inc.
0.88%
Ciena Corp.
0.88%
Ventas, Inc.
0.87%
Electronic Arts, Inc.
0.87%
Frequently asked questions about ONEO and FMDE
How have the ONEO and FMDE ETFs performed in 2026?
As of July 28, 2026, ONEO is up 20.18% year-to-date (YTD), while FMDE has returned 14.04%. That puts ONEO better performer ahead so far this year.
Which ETF is attracting more investor money: ONEO or FMDE?
Year-to-date, the ONEO ETF saw -$26M in flows, compared to +$2.35B for FMDE.
Which ETF is more volatile: ONEO or FMDE?
Over the past year, ONEO had a volatility of 13.28%, while FMDE experienced 13.71%.
Which ETF is bigger: ONEO or FMDE?
As of July 28, 2026, ONEO holds $29.34 M in assets under management (AUM), while FMDE manages $7.79 B.
What sectors do the ONEO and FMDE ETFs invest in?
ONEO leans toward sectors like Industrials, Technology and Finance. Meanwhile, FMDE focuses on Technology, Finance and Industrials.
What are the top holdings of the ONEO ETF and FMDE ETF?
ONEO top holdings include Anglogold Ashanti Plc, Delta Air Lines, Inc. and The Allstate Corp.. FMDE holds in its top three: Teradyne, Inc., The Bank of New York Mellon Corp. and Howmet Aerospace, Inc..
Which ETF is more diversified: ONEO or FMDE?
ONEO holds 927 securities with 7.62% of its assets in the top 15. FMDE has 332 securities and a top 15 weight of 14.42%.
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Latest news about ONEO & FMDE
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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