Fidelity Metaverse ETF (FMET) belongs to the Communications Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FMET. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FMET
FMET charges 0.39% annually. There are 5 ETFs in the Communications Equities category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Communication Services ETF | 0.09% | 5.90B | Sep 2004 | FMET vs VOX | |
| Communication Services Select Sector SPDR Fund | 0.13% | 21.46B | Jun 2018 | FMET vs XLC | |
| VanEck Communication Services TruSector ETF | 0.14% | 58.78M | Feb 2026 | FMET vs TRUC | |
| Global X PureCap MSCI Communication Services ETF | 0.15% | — | Jul 2025 | FMET vs GXPC | |
| SPDR S&P Telecom ETF | 0.35% | 558.46M | Jan 2011 | FMET vs XTL |
Best Risk-Adjusted Alternatives to FMET
FMET has a PortfoliosLab risk / return rank of 16. There are 5 ETFs in the Communications Equities category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR S&P Telecom ETF | 89 | 558.46M | Jan 2011 | FMET vs XTL | |
| iShares U.S. Telecommunications ETF | 83 | 1.19B | May 2000 | FMET vs IYZ | |
| Global X PureCap MSCI Communication Services ETF | 31 | — | Jul 2025 | FMET vs GXPC | |
| Fidelity Disruptive Communications ETF | 18 | 100.32M | Apr 2020 | FMET vs FDCF | |
| Vanguard Communication Services ETF | 17 | 5.90B | Sep 2004 | FMET vs VOX |
Top Performing FMET Alternatives (YTD)
FMET is at 3.07% YTD. There are 2 ETFs in the Communications Equities category with higher YTD returns, going as high as 36.88%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR S&P Telecom ETF | 36.88% | 558.46M | Jan 2011 | FMET vs XTL | |
| iShares U.S. Telecommunications ETF | 22.25% | 1.19B | May 2000 | FMET vs IYZ | |
| Fidelity Disruptive Communications ETF | 0.82% | 100.32M | Apr 2020 | FMET vs FDCF | |
| Global X PureCap MSCI Communication Services ETF | -0.23% | — | Jul 2025 | FMET vs GXPC | |
| Vanguard Communication Services ETF | -5.67% | 5.90B | Sep 2004 | FMET vs VOX |
Lowest Volatility Alternatives to FMET
FMET has 21.32% 1-year volatility. There are 9 ETFs in the Communications Equities category with lower 1-year volatility, going as low as 13.82%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli Opportunities in Live and Sports ETF | 13.82% | 12.55M | Jan 2026 | FMET vs GOLS | |
| Invesco S&P 500 Equal Weight Communication Service... | 14.65% | 55.83M | Nov 2018 | FMET vs RSPC | |
| Communication Services Select Sector SPDR Fund | 14.79% | 21.46B | Jun 2018 | FMET vs XLC | |
| Vanguard Communication Services ETF | 17.14% | 5.90B | Sep 2004 | FMET vs VOX | |
| MUSQ Global Music Industry Index ETF | 18.14% | 24.93M | Jul 2023 | FMET vs MUSQ |
Lowest Drawdown Alternatives to FMET
FMET has a 1-year max drawdown of -23.00%. There are 7 ETFs in the Communications Equities category with shallower 1-year drawdowns, going as shallow as -11.73%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Communication Services Select Sector SPDR Fund | -11.73% | 21.46B | Jun 2018 | FMET vs XLC | |
| iShares U.S. Telecommunications ETF | -13.28% | 1.19B | May 2000 | FMET vs IYZ | |
| Vanguard Communication Services ETF | -13.56% | 5.90B | Sep 2004 | FMET vs VOX | |
| Invesco S&P 500 Equal Weight Communication Service... | -15.61% | 55.83M | Nov 2018 | FMET vs RSPC | |
| Global X PureCap MSCI Communication Services ETF | -16.59% | — | Jul 2025 | FMET vs GXPC |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $27B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 52 | 20.47% | 20.96B | Oct 2013 | FMET vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 78 | 12.19% | 9.74B | Sep 2016 | FMET vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 1 | -28.23% | 10.22B | Jan 2024 | FMET vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 30 | -0.33% | 26.62B | Oct 2014 | FMET vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 47 | 10.15% | 10.69B | Sep 2003 | FMET vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 37 | 9.01% | 6.97B | Jun 2020 | FMET vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 77 | 12.07% | 7.88B | Apr 2007 | FMET vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 21 | 4.79% | 2.35B | Oct 2013 | FMET vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 3 | -37.25% | 750.93M | Jul 2024 | FMET vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 27 | 2.21% | 5.65B | Nov 2023 | FMET vs FELG |
Often Compared With FMET
Investors most often compare FMET with FDIG, SOXQ, FLIN. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare FMET with Any Fund or Stock
Compare FMET with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FMET with funds that move differently
Fidelity Metaverse ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FMET.
Explore FMET Diversifiers