FMET
Fidelity Metaverse ETF
FMET tracks a market cap-weighted index of equities that provides global exposure to the future state of the internet: the metaverse.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
39.2 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 19, 2022 |
| Assets (mns) | $39 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 5.0 % |
| ADOBE SYSTEMS INC | 5.0 % |
| SAMSUNG ELECTRONICS CO LTD | 4.8 % |
| MICROSOFT CORP | 4.5 % |
| TENCENT HOLDINGS LTD | 4.4 % |
| ALPHABET INC. CLASS A | 4.3 % |
| META PLATFORMS INC | 4.3 % |
| NVIDIA CORP | 4.2 % |
| ADVANCED MICRO DEVICES | 3.8 % |
| QUALCOMM INC | 3.7 % |
Constituent Breakdown
| Number of holdings | 62 |
| Herfindahl-Hirschman Index | 298 |
| Wgt avg mkt cap (mns) | $913,093 |
| Large cap (>$10bn) | 81.4% |
| Mid cap ($2-10bn) | 9.7% |
| Small cap (<$2bn) | 8.0% |
| Developed mkts. | 78.4% |
| Emerging mkts. | 20.7% |
Country Exposure
 |
UNITED STATES | 70.0 % |
 |
CHINA | 10.6 % |
 |
SOUTH KOREA | 10.1 % |
 |
FRANCE | 2.8 % |
 |
JAPAN | 1.7 % |
 |
LUXEMBOURG | 1.7 % |
 |
SWEDEN | 1.0 % |
 |
BRITAIN | 0.9 % |
 |
ISRAEL | 0.5 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 28.6% | 29.9% | 27.7% | 29.1% | -- | -- | -- | 14.0% |
| Dividend Yield | 1.1% | 1.3% | 0.9% | 0.8% | -- | -- | -- | 0.6% |
| Total Returns | 29.6% | 31.3% | 28.5% | 29.9% | -- | -- | -- | 14.6% | Ann. Volatility | 26.0% | 25.0% | 22.5% | 23.0% | -- | -- | -- | 24.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.23 | 70% |
| MSCI EAFE | 0.76 | 35% |
| MSCI Emg Mkts | 0.67 | 32% |
Liquidity Measures
| Avg. volume (000) | 11 |
| ADV traded (mns) | $0 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.41% |
Technical Indicators
| 30d moving avg. (EMA) | $36.76 |
| Relative strength (RSI) | 41 |
| MACD/Signal | -0.77/-0.47 |
| Bollinger Bands (Upper/Lower) | $39.80/$34.12 |
| Short interest (% of AUM) | 0.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FMET |
Expenses vs. FMET |
ALTAR Score™ vs. FMET |
|---|---|---|---|---|
| METV | Roundhill Ball Metaverse ETF | 47.5% | +20 bp | +9.3% |
| VERS | ProShares Metaverse ETF | 44.2% | +19 bp | +0.2% |
| GGME | Invesco Next Gen Media and Gaming ETF | 42.0% | +21 bp | +4.9% |
| ARVR | First Trust Indxx Metaverse ETF | 40.8% | +31 bp | +4.2% |
| IVRS | iShares Future Metaverse Tech and Communications ETF | 38.6% | +8 bp | +3.2% |
| IGPT | Invesco AI and Next Gen Software ETF | 37.0% | +21 bp | +4.4% |
| TECB | iShares U.S. Tech Breakthrough Multisector ETF | 33.0% | +1 bp | +3.9% |
| CARZ | First Trust NASDAQ Global Auto Index Fund | 32.7% | +31 bp | +4.2% |
| AIQ | Global X Artificial Intelligence & Technology ETF | 32.0% | +29 bp | +3.7% |
| CHAT | Roundhill Generative AI & Technology ETF | 30.7% | +36 bp | +7.8% |
Risk and Returns: FMET vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/28/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
FMET
4.8%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1012 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. FMET's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places FMET in the 36th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FMETSELL
U/W
HOLD
O/W
BUY