FMET vs. DIVO
Compare and contrast key facts about Fidelity Metaverse ETF (FMET) and Amplify CWP Enhanced Dividend Income ETF (DIVO).
FMET and DIVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMET is an actively managed fund by Fidelity. It was launched on Apr 19, 2022. DIVO is an actively managed fund by Amplify Investments. It was launched on Dec 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMET or DIVO.
Correlation
The correlation between FMET and DIVO is 0.56, 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
FMET vs. DIVO - Performance Comparison
Key characteristics
FMET:
0.57
DIVO:
2.12
FMET:
0.91
DIVO:
3.04
FMET:
1.11
DIVO:
1.39
FMET:
0.74
DIVO:
3.32
FMET:
2.02
DIVO:
9.95
FMET:
5.57%
DIVO:
1.96%
FMET:
19.67%
DIVO:
9.22%
FMET:
-29.22%
DIVO:
-30.04%
FMET:
0.00%
DIVO:
-0.49%
Returns By Period
In the year-to-date period, FMET achieves a 8.94% return, which is significantly higher than DIVO's 5.26% return.
FMET
8.94%
7.39%
10.49%
13.21%
N/A
N/A
DIVO
5.26%
2.58%
9.03%
18.66%
12.10%
N/A
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FMET vs. DIVO - Expense Ratio Comparison
FMET has a 0.39% expense ratio, which is lower than DIVO's 0.55% expense ratio.
Risk-Adjusted Performance
FMET vs. DIVO — Risk-Adjusted Performance Rank
FMET
DIVO
FMET vs. DIVO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Metaverse ETF (FMET) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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
FMET vs. DIVO - Dividend Comparison
FMET's dividend yield for the trailing twelve months is around 0.41%, less than DIVO's 4.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FMET Fidelity Metaverse ETF | 0.41% | 0.44% | 0.40% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.53% | 4.70% | 4.67% | 4.76% | 4.79% | 4.92% | 8.16% | 5.27% | 3.83% |
Drawdowns
FMET vs. DIVO - Drawdown Comparison
The maximum FMET drawdown since its inception was -29.22%, roughly equal to the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for FMET and DIVO. For additional features, visit the drawdowns tool.
Volatility
FMET vs. DIVO - Volatility Comparison
Fidelity Metaverse ETF (FMET) has a higher volatility of 4.80% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.06%. This indicates that FMET's price experiences larger fluctuations and is considered to be riskier than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.