FMET vs. FLIN
Compare and contrast key facts about Fidelity Metaverse ETF (FMET) and Franklin FTSE India ETF (FLIN).
FMET and FLIN 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. FLIN is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE India RIC Capped Index. It was launched on Feb 6, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMET or FLIN.
Correlation
The correlation between FMET and FLIN is 0.51, 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. FLIN - Performance Comparison
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Key characteristics
FMET:
0.23
FLIN:
0.37
FMET:
0.50
FLIN:
0.66
FMET:
1.06
FLIN:
1.09
FMET:
0.23
FLIN:
0.36
FMET:
0.69
FLIN:
0.76
FMET:
8.27%
FLIN:
9.04%
FMET:
25.95%
FLIN:
16.92%
FMET:
-29.22%
FLIN:
-41.90%
FMET:
-6.85%
FLIN:
-8.08%
Returns By Period
The year-to-date returns for both investments are quite close, with FMET having a 2.16% return and FLIN slightly higher at 2.24%.
FMET
2.16%
13.80%
1.47%
5.85%
N/A
N/A
FLIN
2.24%
7.13%
1.02%
6.17%
18.73%
N/A
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FMET vs. FLIN - Expense Ratio Comparison
FMET has a 0.39% expense ratio, which is higher than FLIN's 0.19% expense ratio.
Risk-Adjusted Performance
FMET vs. FLIN — Risk-Adjusted Performance Rank
FMET
FLIN
FMET vs. FLIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Metaverse ETF (FMET) and Franklin FTSE India ETF (FLIN). 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.
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Dividends
FMET vs. FLIN - Dividend Comparison
FMET's dividend yield for the trailing twelve months is around 0.87%, less than FLIN's 1.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FMET Fidelity Metaverse ETF | 0.87% | 0.44% | 0.40% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% |
FLIN Franklin FTSE India ETF | 1.54% | 1.58% | 0.73% | 0.73% | 2.26% | 0.69% | 0.90% | 0.92% |
Drawdowns
FMET vs. FLIN - Drawdown Comparison
The maximum FMET drawdown since its inception was -29.22%, smaller than the maximum FLIN drawdown of -41.90%. Use the drawdown chart below to compare losses from any high point for FMET and FLIN. For additional features, visit the drawdowns tool.
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Volatility
FMET vs. FLIN - Volatility Comparison
Fidelity Metaverse ETF (FMET) and Franklin FTSE India ETF (FLIN) have volatilities of 6.70% and 6.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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