FMET vs. FDIG
Compare and contrast key facts about Fidelity Metaverse ETF (FMET) and Fidelity Crypto Industry and Digital Payments ETF (FDIG).
FMET and FDIG 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. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMET or FDIG.
Correlation
The correlation between FMET and FDIG is 0.61, 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. FDIG - Performance Comparison
Key characteristics
FMET:
0.65
FDIG:
0.50
FMET:
1.02
FDIG:
1.17
FMET:
1.13
FDIG:
1.13
FMET:
0.86
FDIG:
0.94
FMET:
2.34
FDIG:
1.87
FMET:
5.57%
FDIG:
16.61%
FMET:
19.86%
FDIG:
61.74%
FMET:
-29.22%
FDIG:
-58.32%
FMET:
0.00%
FDIG:
-18.82%
Returns By Period
In the year-to-date period, FMET achieves a 8.19% return, which is significantly higher than FDIG's 6.12% return.
FMET
8.19%
6.65%
10.78%
12.43%
N/A
N/A
FDIG
6.12%
-4.59%
29.11%
17.89%
N/A
N/A
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FMET vs. FDIG - Expense Ratio Comparison
Both FMET and FDIG have an expense ratio of 0.39%.
Risk-Adjusted Performance
FMET vs. FDIG — Risk-Adjusted Performance Rank
FMET
FDIG
FMET vs. FDIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Metaverse ETF (FMET) and Fidelity Crypto Industry and Digital Payments ETF (FDIG). 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. FDIG - Dividend Comparison
FMET's dividend yield for the trailing twelve months is around 0.41%, less than FDIG's 1.10% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
FMET Fidelity Metaverse ETF | 0.41% | 0.44% | 0.40% | 0.18% |
FDIG Fidelity Crypto Industry and Digital Payments ETF | 1.10% | 1.17% | 0.18% | 0.00% |
Drawdowns
FMET vs. FDIG - Drawdown Comparison
The maximum FMET drawdown since its inception was -29.22%, smaller than the maximum FDIG drawdown of -58.32%. Use the drawdown chart below to compare losses from any high point for FMET and FDIG. For additional features, visit the drawdowns tool.
Volatility
FMET vs. FDIG - Volatility Comparison
The current volatility for Fidelity Metaverse ETF (FMET) is 4.95%, while Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a volatility of 12.91%. This indicates that FMET experiences smaller price fluctuations and is considered to be less risky than FDIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.