Fidelity Metaverse ETF
$37.72−0.23 (−0.59%)
- 0.39%
- $40M
- +4.9%
- 0.71%
- 4.56K sh
- low $30.14high $40.25
The ETF.net FMET Grade
B
Score 62 out of 100
- 2 of 6
Score 62 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.A81 out of 100Rank 1 of 6Mission
Whether the fund did what it promised, tested against its stated mandate.A79 out of 100Rank 1 of 2Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 3 of 6Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 5 of 6Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B65 out of 100Rank 3 of 6Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C48 out of 100Rank 5 of 6
Our read on FMET
In short
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.
Stated mandate
The fund seeks investment returns that generally track the Fidelity Metaverse Index before fees and expenses.
Why people hold it
Worth knowing
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$10,494
Returns run to the Nov 9, 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 | +5.9% |
| 1 month | −4.3% |
| 3 months | −2.2% |
| 1 year | +4.9% |
| 3 years | +15.1% |
| 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 | +5.9% | |
| 2025 | +21.9% | |
| 2024 | +6.8% | |
| 2023 | +39.2% | |
| 2022 | −16.0% |
FMET in the news
FMET Dividends
- 0.71%
- $0.27
- $0.11 per share
- Quarterly
FMET Risk
- 20.0%
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.
- 0.65
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.
FMP measures it over up to five years of monthly returns.
FMET Cost
Cheapest in Metaverse & Connectivity
$7,898
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
FMET 0.39%
$7,898
Cost over time
Year by year
| Year | FMET |
|---|---|
| 10 | $705 |
| 20 | $2,725 |
| 30 | $7,898 |
Other funds in Metaverse & Connectivity
- BKNCTInvesco Next Gen Connectivity ETFExpense ratio 0.40%1 year return +33.7%
- CMETVRoundhill Metaverse ETFExpense ratio 0.59%1 year return +7.6%
- CNXTGFirst Trust Indxx NextG ETFExpense ratio 0.70%1 year return +35.7%
- CSNSRGlobal X Internet of Things ETFExpense ratio 0.68%1 year return +25.6%
- DARVRFirst Trust Indxx Metaverse ETFExpense ratio 0.70%1 year return +16.5%
