- Issuer
- Fidelity
- Inception Date
- Apr 19, 2022
- Category
- Communications Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $44M
Highlights
- Avg. Volume (1M)
- 3K
- Avg. Volume Value (1M)
- $94.10K
Share Price Chart
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Performance
FMET Performance Chart
Fidelity Metaverse ETF (FMET) is up 3.1% since the beginning of the year. FMET is currently trading at $37 per share.
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Returns By Period
Fidelity Metaverse ETF (FMET) has returned 3.07% so far this year and 7.40% over the past 12 months.
Fidelity Metaverse ETF
- 1D
- -1.53%
- 1M
- 0.62%
- 6M
- 4.91%
- YTD
- 3.07%
- 1Y
- 7.40%
- 3Y*
- 11.40%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.30%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FMET Monthly Returns History
Based on dividend-adjusted daily data since Apr 21, 2022, FMET's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2026 with a return of +16.3%, while the worst month was Sep 2022 at -15.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FMET closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +11.8%, while the worst single day was Apr 3, 2025 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.76% | -6.12% | -5.38% | 16.29% | 8.37% | -6.92% | 0.69% | 3.07% | |||||
| 2025 | 3.48% | -1.84% | -8.01% | 1.08% | 9.09% | 11.31% | 3.72% | 1.29% | 6.19% | 1.33% | -6.50% | 0.58% | 21.93% |
| 2024 | -1.35% | 3.13% | 2.01% | -5.17% | 5.54% | 4.75% | -1.70% | -1.27% | 2.31% | -2.38% | 4.09% | -2.74% | 6.76% |
| 2023 | 11.39% | -2.06% | 7.36% | -0.97% | 5.12% | 4.77% | 6.08% | -6.99% | -5.90% | -1.70% | 13.54% | 5.14% | 39.18% |
| 2022 | -5.37% | 0.93% | -10.35% | 5.63% | -4.28% | -15.14% | -2.57% | 13.45% | 0.27% | -18.57% |
Benchmark Metrics
Fidelity Metaverse ETF has an annualized alpha of -3.74%, beta of 1.22, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since April 21, 2022.
- This ETF participated in 121.05% of S&P 500 Index downside but only 110.32% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -3.74% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -3.74%
- Beta
- 1.22
- R²
- 0.73
- Upside Capture
- 110.32%
- Downside Capture
- 121.05%
Expense Ratio
FMET has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMET ranks 16 for risk / return — above 16% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Metaverse ETF (FMET) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FMET | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.25 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 2.00 | -1.76 |
| Martin ratioReturn relative to average drawdown | 0.62 | 8.49 | -7.88 |
Dividends
Dividend History
Fidelity Metaverse ETF provided a 0.51% dividend yield over the last twelve months, with an annual payout of $0.19 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.19 | $0.29 | $0.13 | $0.11 | $0.04 |
Dividend yield | 0.51% | 0.81% | 0.44% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.12 | |||||
| 2025 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.29 |
| 2024 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.06 | $0.13 |
| 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 | $0.11 |
| 2022 | $0.02 | $0.00 | $0.00 | $0.02 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 29.94%, occurring on Nov 3, 2022. Recovery took 143 trading sessions.
The current Fidelity Metaverse ETF drawdown is 7.53%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-29.94%Nov 2022 | 6mo 16d | 7mo | 1y 1moApr 2022 - Jun 2023 | Bear market2022 |
-25.02%Apr 2025 | 1mo 16d | 2mo 5d | 3mo 21dFeb 2025 - Jun 2025 | 2025 selloff2025 |
-23.00%Mar 2026 | 5mo 3d | 1mo 29d | 7mo 2dOct 2025 - May 2026 | — |
-16.20%Oct 2023 | 2mo 26d | 1mo 18d | 4mo 14dAug 2023 - Dec 2023 | — |
-15.22%Aug 2024 | 27d | 6mo 7d | 7mo 4dJul 2024 - Feb 2025 | — |
Drawdown Indicators
| FMET | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.94% | -56.78% | +26.84% |
Max Drawdown (1Y)Largest decline over 1 year | -23.00% | -9.10% | -13.90% |
Max Drawdown (3Y)Largest decline over 3 years | -25.02% | -18.90% | -6.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -7.53% | -1.58% | -5.95% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -10.70% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.17% | 2.14% | +7.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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