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FMET vs METV

Fidelity Metaverse ETF

FMETBNasdaq

Roundhill Metaverse ETF

METVCNYSE Arca

Overlap

Expense ratio

FMET −0.20pt a year

FMET0.39%METV0.59%

Avg volume · 30D

METV 12.0×the volume

FMET4.07KMETV48.8K

3Y return · a year

METV +11.8pt

FMET+16.7%METV+28.5%

FMET vs METV Performance

Oct 31, 2025 – Oct 30, 2026

−3.7%FMET−4.5%METV

Oct 31, 2025 to Oct 30, 2026. FMET −3.7%. METV −4.5%. Use the arrow keys to read each point.−25%−20%−15%0%5%Oct 2025Apr 2026Oct 2026
Expense ratio
FMET 0.39%, better
METV 0.59%
Fund size
FMET $43M
METV $209M
1Y total return
FMET −3.7%, better
METV −4.5%
Yield (12M)
FMET 0.74%, better
METV 0.17%
Holdings
FMET 62
METV 31
Avg volume (30D)
FMET 4.07K sh
METV 48.8K sh, better
NAV per share
FMET $36.72
METV $19.91
52W range

ETF.net Grade

FMET: Cost 81, Risk 38, Mission 80, Tradability 45, Holdings 64, Durability 48. METV: Cost 57, Risk 34, Mission not scored, Tradability 53, Holdings 37, Durability 58.
Pillar letters and Scores for FMET, METV, with each pillar’s weight
PillarFMETMETV
Cost30% weightA81HigherB57
Mission25% weightA80Not scored
Risk15% weightD38HigherD34
Tradability15% weightC45C53Higher
Holdings10% weightB64HigherD37
Durability5% weightC48B58Higher

Rank among Metaverse & Connectivity funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FMET and METV are both graded against the same 6 Metaverse & Connectivity funds, so their Grades compare head to head.

Metaverse & Connectivity⁠

Category · 6 funds
See all 6 ›

FMET ranks 2nd and METV 4th of 6 funds in the Metaverse & Connectivity Category.

  1. Rank 1BKNCTInvesco Next Gen Connectivity ETFScore 65
  2. Rank 2BFMETFidelity Metaverse ETFScore 60
  3. Rank 3CNXTGFirst Trust Indxx NextG ETFScore 54
  4. Rank 4CMETVRoundhill Metaverse ETFScore 48
  5. Rank 5CSNSRGlobal X Internet of Things ETFScore 46

Our read on each fund

ETF.net Research

FMETBFidelity Metaverse ETF

METVCRoundhill Metaverse ETF

In short

FMET Fidelity'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.

METV Launched in 2021 with an index built by Matthew Ball's research group, METV is the metaverse theme in its original form: roughly 50 globally listed companies spanning chips, networks, virtual worlds and payments.

Stated mandate

FMET The fund seeks investment returns that generally track the Fidelity Metaverse Index before fees and expenses.

METV The fund seeks to track the Ball Metaverse Index before fees and expenses by investing primarily in globally listed companies whose activities, products, services, or technologies enable the Metaverse.

Why people hold it

  • FMET 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.
  • METV The Ball Metaverse Index sorts holdings into seven layers of the theme: compute, networking, virtual platforms, interchange standards, payments, content and hardware.roundhillinvestments.com
  • Roundhill cut the management fee from 0.75% to 0.59% in 2022, and that one unified fee covers the fund's operating costs.roundhillinvestments.com
  • Global by mandate, not US tech by default: the index draws on companies listed worldwide whose products and technologies enable the metaverse.

Worth knowing

  • FMET 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.
  • METV At 0.59%, it prices a touch above the typical global thematic fund. That is what a hand-built, committee-selected niche index costs.
  • About 50 stocks on one narrow theme, and it has ranked among the more volatile funds in its global thematic group.
  • The index methodology was widened to allow ETFs holding bitcoin or ether as eligible components, so digital asset swings can reach an equity fund.roundhillinvestments.com

Full FMET profile⁠

Full METV profile⁠

FMET vs METV Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FMET vs METV Cost

Overpaying METV vs FMET

$3,737

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FMET 0.39%

    $7,898

  • METV 0.59%

    $11,635

$10,000
30 years

Cost over time

  • FMET 0.39%
  • METV 0.59%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530METV $11,635FMET $7,898

Year by year

YearFMETMETVOverpaying
10$705$1,058$353
20$2,725$4,051$1,326
30$7,898$11,635$3,737

Expense ratio

  • 0.39%FMET, cheaper
  • 0.59%METV
  • Middle half of Metaverse & Connectivity funds
  • Median 0.64%

FMET cheapest of 6 funds

METV 3rd cheapest of 6 funds

FMET vs METV Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FMET 0.74%, better
METV 0.17%
Payout (12M)
FMET $0.27
METV $0.03
Last payment
FMET $0.11
METV $0.03
Ex-dividend
FMET Sep 18, 2026
METV Dec 30, 2025
Paid on
FMET Sep 22, 2026
METV Dec 31, 2025
Frequency
FMET Quarterly
METV Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

FMETQuarterly · 17 paymentsAll FMET payments⁠
One bar per payment. 17 payments from 2022 to 2026 YTD. Sep 16, 2022 $0.02; Dec 16, 2022 $0.02; Mar 17, 2023 $0.07; Jun 16, 2023 $0.009; Sep 15, 2023 $0.01; Dec 15, 2023 $0.02; Mar 15, 2024 $0.02; Jun 21, 2024 $0.05; Sep 20, 2024 $0.01; Dec 20, 2024 $0.06; Mar 21, 2025 $0.15; Jun 20, 2025 $0.08; Sep 19, 2025 $0.03; Dec 19, 2025 $0.04; Mar 20, 2026 $0.06; Jun 18, 2026 $0.07; Sep 18, 2026 $0.11. Use the arrow keys to read each point.$0$0.1020232026YTD
METVIrregular · 3 paymentsAll METV payments⁠
One bar per payment. 3 payments from 2022 to 2026 YTD. Dec 13, 2022 $0.0063; Dec 27, 2023 $0.02; Dec 30, 2025 $0.03. Use the arrow keys to read each point.$0$0.1020232026YTD

FMET vs METV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FMET 20.0%, betterMETV 21.8%
Return per unit of riskSharpe ratio, 3 years
FMET 0.65METV 1.06, better
Worst fallMax drawdown, 5 years
FMET −29.2%since Apr 2022METV −59.6%
Market sensitivityBeta, 5 years
FMET 1.46METV 1.39

FMET and METV in the news

All news⁠

Popular comparisons

  • FMETBvsKNCTB

    Fidelity Metaverse ETF · Invesco Next Gen Connectivity ETF

    Expense ratio
    0.39% · 0.40%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • METVCvsKNCTB

    Roundhill Metaverse ETF · Invesco Next Gen Connectivity ETF

    Expense ratio
    0.59% · 0.40%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FMETBvsNXTGC

    Fidelity Metaverse ETF · First Trust Indxx NextG ETF

    Expense ratio
    0.39% · 0.70%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • METVCvsNXTGC

    Roundhill Metaverse ETF · First Trust Indxx NextG ETF

    Expense ratio
    0.59% · 0.70%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FMETBvsSNSRC

    Fidelity Metaverse ETF · Global X Internet of Things ETF

    Expense ratio
    0.39% · 0.68%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • METVCvsSNSRC

    Roundhill Metaverse ETF · Global X Internet of Things ETF

    Expense ratio
    0.59% · 0.68%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.