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
$ 43.5 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Inception date | Apr 19, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| 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) | $894,346 |
| Large cap (>$10bn) | 80.3% |
| Mid cap ($2-10bn) | 9.9% |
| Small cap (<$2bn) | 8.9% |
| Developed mkts. | 78.4% |
| Emerging mkts. | 20.7% |
Sector Breakdown
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 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.8% | 29.4% | 16.5% | 17.1% | -- | -- | -- | 12.8% |
| Dividend Yield | 0.0% | 0.5% | 0.8% | 0.6% | -- | -- | -- | 0.6% |
| Total Returns | 9.8% | 29.9% | 17.3% | 17.7% | -- | -- | -- | 13.3% | Ann. Volatility | 22.5% | 19.6% | 23.0% | 21.9% | -- | -- | -- | 24.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.43 | 74% |
| MSCI EAFE | 0.85 | 42% |
| MSCI Emg Mkts | 0.75 | 58% |
Liquidity Measures
| Avg. volume (000) | 4 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.33% |
Technical Indicators
| 30d moving avg. (EMA) | $37.15 |
| Relative strength (RSI) | 65 |
| MACD/Signal | 1.00/0.96 |
| Bollinger Bands (Upper/Lower) | $39.62/$36.30 |
| Short interest (% of AUM) | 0.2% |
Distributions
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 | 47.2% | +20 bp | +3.3% |
| ARVR | First Trust Indxx Metaverse ETF | 42.9% | +31 bp | -1.0% |
| GGME | Invesco Next Gen Media and Gaming ETF | 42.0% | +21 bp | +0.5% |
| IGPT | Invesco AI and Next Gen Software ETF | 37.0% | +21 bp | -1.8% |
| VERS | ProShares Metaverse ETF | 36.2% | +19 bp | -4.0% |
| IVRS | iShares Future Metaverse Tech and Communications ETF | 34.3% | +8 bp | +1.3% |
| AGIX | KraneShares Artificial Intelligence and Technology ETF | 34.1% | +60 bp | -3.1% |
| TECB | iShares U.S. Tech Breakthrough Multisector ETF | 32.2% | +1 bp | -1.6% |
| CARZ | First Trust NASDAQ Global Auto Index Fund | 32.1% | +31 bp | -2.2% |
| AIQ | Global X Artificial Intelligence & Technology ETF | 31.8% | +29 bp | -1.6% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 5/30/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
4.7%
ALTAR SCORE™
38th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,400 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. FMET's ALTAR Score™ is approximately -0.3 standard
deviations above the category average. This places FMET in the 38th percentile
among funds in the category.
Sell-Side Consensus
$47.25
PRICE TARGET
+19.3%
UPSIDE