Fidelity Metaverse ETF (FMET)
The ETF focuses on investing in companies involved in the development, manufacturing, distribution, or selling of products or services related to the Metaverse, aiming to reflect the performance of a global universe in this sector.
ETF Info
| Issuer | Fidelity |
|---|---|
| Inception Date | Apr 19, 2022 |
| Category | Communications Equities |
| Index Tracked | No Index (Active) |
| Home Page | institutional.fidelity.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
FMET has a high expense ratio of 0.39%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Metaverse ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Metaverse ETF had a return of 1.94% year-to-date (YTD) and 24.60% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.94% | 7.50% |
| 1 month | -1.30% | -1.61% |
| 6 months | 14.59% | 17.65% |
| 1 year | 24.60% | 26.26% |
| 5 years (annualized) | N/A | 11.73% |
| 10 years (annualized) | N/A | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.35% | 3.13% | 2.01% | -5.17% | ||||||||
| 2023 | -1.70% | 13.54% | 5.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMET is 63, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Fidelity Metaverse ETF(FMET)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Metaverse ETF (FMET) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Metaverse ETF granted a 0.21% dividend yield in the last twelve months. The annual payout for that period amounted to $0.06 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $0.06 | $0.11 | $0.04 |
Dividend yield | 0.21% | 0.40% | 0.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Metaverse ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.02 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 |
| 2022 | $0.02 | $0.00 | $0.00 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Metaverse ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Metaverse ETF was 29.22%, occurring on Nov 3, 2022. Recovery took 140 trading sessions.
The current Fidelity Metaverse ETF drawdown is 3.81%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.22% | May 5, 2022 | 127 | Nov 3, 2022 | 140 | May 26, 2023 | 267 |
| -16.2% | Aug 1, 2023 | 62 | Oct 26, 2023 | 33 | Dec 13, 2023 | 95 |
| -10.43% | Mar 13, 2024 | 27 | Apr 19, 2024 | — | — | — |
| -5.17% | Dec 29, 2023 | 12 | Jan 17, 2024 | 6 | Jan 25, 2024 | 18 |
| -5.02% | Feb 16, 2024 | 3 | Feb 21, 2024 | 14 | Mar 12, 2024 | 17 |
Volatility
Volatility Chart
The current Fidelity Metaverse ETF volatility is 6.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.