Fidelity Metaverse ETF
$39.45−0.47 (−1.19%)
- Expense ratio
- 0.39%
- Fund size
- $46M
- 1Y return
- +5.2%
- Yield · Last 12 months
- 0.68%
- Holdings
- 61
- Volume · 30D
- 0M sh
- NAV per share
- $39.74
- 52W range
The ETF.net FMET Grade
Score 61 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 84Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 79Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 43Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 41Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 62Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 47Category rank
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
- 61
- 47%
- SECURITIES LENDING CF
Sectors
- Technology57.1%
- Communication34.7%
- Real Estate8.2%
Geography
- United States76.90%
- China8.89%
- South Korea5.06%
- Japan3.39%
- France2.62%
- Israel1.57%
- Germany0.85%
- Sweden0.71%
Developed 33% · Emerging 67%
FMET Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +11.4% |
| 1 month | +3.8% |
| 3 months | +7.7% |
| 1 year | +5.2% |
| 3 years | +19.5% |
| 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 | +11.4% | |
| 2025 | +21.9% | |
| 2024 | +6.8% | |
| 2023 | +39.2% | |
| 2022 | −16.0% |
FMET in the news
ETF.net Research hasn’t filed on FMET yet — coverage lands here as it’s written.
FMET Dividends
- 0.68%
- $0.27
- $0.11 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 22, 2026 | $0.11 |
| Jun 18, 2026 | Jun 23, 2026 | $0.07 |
| Mar 20, 2026 | Mar 24, 2026 | $0.06 |
| Dec 19, 2025 | Dec 23, 2025 | $0.04 |
| Sep 19, 2025 | Sep 23, 2025 | $0.03 |
| Jun 20, 2025 | Jun 24, 2025 | $0.08 |
| Mar 21, 2025 | Mar 25, 2025 | $0.15 |
| Dec 20, 2024 | Dec 24, 2024 | $0.06 |
| Sep 20, 2024 | Sep 24, 2024 | $0.01 |
| Jun 21, 2024 | Jun 25, 2024 | $0.05 |
| Mar 15, 2024 | Mar 20, 2024 | $0.02 |
| Dec 15, 2023 | Dec 20, 2023 | $0.02 |
FMET Risk
- 20.1%
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.
- 0.60
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
- The middle half of Metaverse & Connectivity funds
- Median 0.59%
No Metaverse & Connectivity fund charges less.