FDIG vs. FMET
Compare and contrast key facts about Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Fidelity Metaverse ETF (FMET).
FDIG and FMET are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDIG is a passively managed fund by Fidelity that tracks the performance of the Fidelity Crypto Industry and Digital Payments Index. It was launched on Apr 19, 2022. FMET is an actively managed fund by Fidelity. It was launched on Apr 19, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDIG or FMET.
Correlation
The correlation between FDIG and FMET is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FDIG vs. FMET - Performance Comparison
Key characteristics
FDIG:
0.02
FMET:
-0.18
FDIG:
0.49
FMET:
-0.08
FDIG:
1.05
FMET:
0.99
FDIG:
0.03
FMET:
-0.18
FDIG:
0.06
FMET:
-0.60
FDIG:
21.67%
FMET:
7.58%
FDIG:
61.28%
FMET:
25.68%
FDIG:
-58.32%
FMET:
-29.22%
FDIG:
-45.23%
FMET:
-20.78%
Returns By Period
In the year-to-date period, FDIG achieves a -28.41% return, which is significantly lower than FMET's -13.12% return.
FDIG
-28.41%
-12.95%
-25.08%
-3.82%
N/A
N/A
FMET
-13.12%
-11.03%
-13.51%
-2.28%
N/A
N/A
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FDIG vs. FMET - Expense Ratio Comparison
Both FDIG and FMET have an expense ratio of 0.39%.
Risk-Adjusted Performance
FDIG vs. FMET — Risk-Adjusted Performance Rank
FDIG
FMET
FDIG vs. FMET - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Fidelity Metaverse ETF (FMET). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FDIG vs. FMET - Dividend Comparison
FDIG's dividend yield for the trailing twelve months is around 1.63%, more than FMET's 1.02% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
FDIG Fidelity Crypto Industry and Digital Payments ETF | 1.63% | 1.17% | 0.18% | 0.00% |
FMET Fidelity Metaverse ETF | 1.02% | 0.44% | 0.40% | 0.18% |
Drawdowns
FDIG vs. FMET - Drawdown Comparison
The maximum FDIG drawdown since its inception was -58.32%, which is greater than FMET's maximum drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for FDIG and FMET. For additional features, visit the drawdowns tool.
Volatility
FDIG vs. FMET - Volatility Comparison
Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 21.56% compared to Fidelity Metaverse ETF (FMET) at 16.00%. This indicates that FDIG's price experiences larger fluctuations and is considered to be riskier than FMET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.