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 Information Technology, Industrials and Consumer Discretionary. In contrast, FMDE's top sector exposures are Industrials, Information Technology and Consumer Discretionary. ONEO is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.23% for FMDE. ONEO is up 10.01% year-to-date (YTD) with -$26M in YTD flows. FMDE performs worse with 4.84% YTD performance, and +$1.54B 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 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ONEO FMDE | +9.02%+8.62% | +4.62%+1.96% | +10.01%+4.84% | +27.15%+23.52% | +57.49%n/a | +55.41%n/a |
| Flows | ONEO FMDE | -+$206M | -$1M+$1.19B | -$26M+$1.54B | -$74M+$3.34B | -$171M- | -$298M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ONEO FMDE | +15.24%+16.68% | +13.08%+13.85% | +15.25%n/a | +17.35%n/a |
| Max drawdown | ONEO FMDE | -7.42%-8.28% | -7.42%-8.28% | -19.59%n/a | -22.42%n/a |
| Max drawdown duration | ONEO FMDE | 48d49d | 48d49d | 260dn/a | 757dn/a |
Trading data
ONEO | FMDE | |
Last sale 4/28/2026 at 2:51 PM | $141.81 | $37.80 |
| Previous close 04/28/2026 | $143.09 | $37.99 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 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 4/28/2026 at 2:51 PM
Live
Closed
ONEO | FMDE | |
|---|---|---|
| Last price | $141.81 | $37.80 |
| 1D performance | -0.89% | -0.50% |
| AuM | $26.94 M | $6.41 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 | 840 | 311 |
| 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
91.79%
Other
8.21%
FMDE
USA
93.18%
Other
6.82%
Sectors
ONEO
Information Techn.
16.91%
Industrials
16.76%
Consumer Discreti.
12.08%
Health Care
9.78%
Financials
9.14%
Other
35.34%
FMDE
Industrials
18.29%
Information Techn.
16.34%
Consumer Discreti.
12.74%
Financials
12.13%
Health Care
8.49%
Energy
7.95%
Other
24.06%
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Diversification
ONEO
Total weight of top 15 holdings out of 15
9.64%
FMDE
Total weight of top 15 holdings out of 15
15.46%
Top 15 holdings
Data as of March 31, 2026
ONEO
WESTERN DIGITAL
1.16%
MCKESSON
0.80%
MONOLITHIC POWER SYSTEMS
0.71%
FLEX LTD
0.68%
MARATHON PETROLEUM
0.65%
TECHNIPFMC PLC
0.65%
JABIL CIRCUIT
0.63%
DOLLAR GENERAL
0.62%
VALERO ENERGY
0.57%
US74743L1008
0.56%
TERADYNE
0.56%
MICRON TECHNOLOGY
0.54%
US5128073062
0.53%
KLA CORPORATION
0.51%
ALTRIA GROUP
0.49%
FMDE
WESTERN DIGITAL
1.25%
HOWMET AEROSPACE INC
1.24%
MARATHON PETROLEUM
1.20%
BANK OF NEW YORK MELLON
1.18%
KINDER MORGAN
1.10%
CHENIERE ENERGY
1.09%
CORTEVA INC
1.02%
SIMON PROPERTY GROUP REIT
0.99%
ELECTRONIC ARTS
0.95%
ALLSTATE
0.93%
OCCIDENTAL U
0.92%
CARDINAL HEALTH
0.92%
COMFORT SYSTEMS USA
0.91%
AMETEK
0.90%
FORD MOTOR
0.86%
Frequently asked questions about ONEO and FMDE
How have the ONEO and FMDE ETFs performed in 2026?
As of April 28, 2026, ONEO is up 10.01% year-to-date (YTD), while FMDE has returned 4.84%. 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 +$1.54B for FMDE.
Which ETF is more volatile: ONEO or FMDE?
Over the past year, ONEO had a volatility of 13.08%, while FMDE experienced 13.85%.
Which ETF is bigger: ONEO or FMDE?
As of April 28, 2026, ONEO holds $26.94 M in assets under management (AUM), while FMDE manages $6.41 B.
What sectors do the ONEO and FMDE ETFs invest in?
ONEO leans toward sectors like Information Technology, Industrials and Consumer Discretionary. Meanwhile, FMDE focuses on Industrials, Information Technology and Consumer Discretionary.
What are the top holdings of the ONEO ETF and FMDE ETF?
ONEO top holdings include WESTERN DIGITAL, MCKESSON and MONOLITHIC POWER SYSTEMS. FMDE holds in its top three: WESTERN DIGITAL, HOWMET AEROSPACE INC and MARATHON PETROLEUM.
Which ETF is more diversified: ONEO or FMDE?
ONEO holds 900 securities with 9.64% of its assets in the top 15. FMDE has 335 securities and a top 15 weight of 15.46%.
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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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