Fidelity Metaverse ETF
$39.70+0.24 (+0.61%)
- 0.39%
- $43M
- +8.0%
- 0.68%
- 0M sh
- $39.49
- low $30.14high $40.25
The ETF.net FMET Grade
B
Score 63 out of 100
- 2 of 7
Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A84 out of 100Rank 1 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.A79 out of 100Rank 1 of 3Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 4 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 6 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 4 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C47 out of 100Rank 5 of 7
Our read on FMET
BFidelity's in-house take on the metaverse trade: a passive, global basket of roughly 60 companies building the plumbing, priced well under the typical thematic fund. A big-brand ETF in a corner usually run by boutiques.
The fund seeks investment returns that generally track the Fidelity Metaverse Index before fees and expenses.
Why people hold it
- Charges 0.39% a year, comfortably under the 0.56% median for its global thematic peer group.
- Rules first, hunches never: it tracks the Fidelity Metaverse Index, holding roughly 60 companies worldwide rather than a manager's shifting shortlist.
- Sits in the stronger half of a crowded global thematic field of about 50 funds, with a 2022 launch and quarterly distributions behind it.
Worth knowing
- A small fund that trades thinly, which can mean wider bid-ask spreads. Limit orders are standard practice in names like this.
- One theme, roughly 60 stocks: moves can be sharper in both directions than a broad global index.
- "Metaverse" has no standard industry definition. Fidelity's own index draws the boundaries, so the lineup can look different from similarly named funds.
FMET Holdings
- Stocks
- 63
- 46%
- AMD
Sectors
- Technology55.0%
- Communication36.7%
- Real Estate8.3%
Geography
- United States80.39%
- China9.58%
- South Korea3.84%
- Japan1.94%
- Poland1.26%
- Israel1.25%
- Sweden0.68%
- Germany0.54%
- 0.51%
FMET Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
FMET$10,800
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FMET |
|---|---|
| Year to date | +10.1% |
| 1 month | +2.2% |
| 3 months | +4.7% |
| 1 year | +8.0% |
| 3 years | +17.8% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FMET |
|---|---|---|
| 2026 YTD | +10.1% | |
| 2025 | +21.9% | |
| 2024 | +6.8% | |
| 2023 | +39.2% | |
| 2022 | −16.0% |
FMET in the news
FMET Dividends
- 0.68%
- $0.27
- $0.11 per share
- Quarterly
Distribution history
FMET Risk
- 19.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.72
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −29.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.46
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMET Cost
0.39%
FMET0.39%
- The middle half of Metaverse & Connectivity funds
- Median 0.59%
No Metaverse & Connectivity fund charges less.
Other funds in Metaverse & Connectivity
- BKNCTInvesco Next Gen Connectivity ETFExpense ratio 0.40%1 year return +61.1%
- CNXTGFirst Trust Indxx NextG ETFExpense ratio 0.70%1 year return +49.8%
- CVERSProShares - Metaverse ETFExpense ratio 0.58%1 year return +19.2%
- CMETVRoundhill Metaverse ETFExpense ratio 0.59%1 year return +7.4%
- CSNSRGlobal X - Internet of Things ETFExpense ratio 0.68%1 year return +29.2%