FMET vs. FBTC
Compare and contrast key facts about Fidelity Metaverse ETF (FMET) and Fidelity Wise Origin Bitcoin Trust (FBTC).
FMET and FBTC 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. FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMET or FBTC.
Correlation
The correlation between FMET and FBTC is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FMET vs. FBTC - Performance Comparison
Key characteristics
FMET:
0.65
FBTC:
1.72
FMET:
1.02
FBTC:
2.38
FMET:
1.13
FBTC:
1.28
FMET:
0.86
FBTC:
3.52
FMET:
2.34
FBTC:
7.98
FMET:
5.57%
FBTC:
12.08%
FMET:
19.86%
FBTC:
56.11%
FMET:
-29.22%
FBTC:
-27.42%
FMET:
0.00%
FBTC:
-8.90%
Returns By Period
In the year-to-date period, FMET achieves a 8.19% return, which is significantly higher than FBTC's 4.22% return.
FMET
8.19%
6.55%
10.78%
9.29%
N/A
N/A
FBTC
4.22%
-2.29%
62.75%
87.60%
N/A
N/A
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FMET vs. FBTC - Expense Ratio Comparison
FMET has a 0.39% expense ratio, which is higher than FBTC's 0.25% expense ratio.
Risk-Adjusted Performance
FMET vs. FBTC — Risk-Adjusted Performance Rank
FMET
FBTC
FMET vs. FBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Metaverse ETF (FMET) and Fidelity Wise Origin Bitcoin Trust (FBTC). 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. FBTC - Dividend Comparison
FMET's dividend yield for the trailing twelve months is around 0.41%, while FBTC has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
FMET Fidelity Metaverse ETF | 0.41% | 0.44% | 0.40% | 0.18% |
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMET vs. FBTC - Drawdown Comparison
The maximum FMET drawdown since its inception was -29.22%, which is greater than FBTC's maximum drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for FMET and FBTC. For additional features, visit the drawdowns tool.
Volatility
FMET vs. FBTC - Volatility Comparison
The current volatility for Fidelity Metaverse ETF (FMET) is 4.95%, while Fidelity Wise Origin Bitcoin Trust (FBTC) has a volatility of 9.45%. This indicates that FMET experiences smaller price fluctuations and is considered to be less risky than FBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.