FMET vs. FLIN

Last updated Jul 14, 2026

FMET (Fidelity Metaverse ETF) and FLIN (Franklin FTSE India ETF) are both exchange-traded funds - FMET is a Communications Equities fund actively managed by Fidelity, while FLIN is a India Equities fund tracking the FTSE India RIC Capped Index. FMET is actively managed, while FLIN is passively managed. Over the past 3 years, FMET returned 12.17%/yr vs 4.69%/yr for FLIN. At a 0.43 correlation, their price movements are largely independent. FMET charges 0.39%/yr vs 0.19%/yr for FLIN.

Performance

FMET vs. FLIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Metaverse ETF (FMET) and Franklin FTSE India ETF (FLIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMET achieves a 4.16% return, which is significantly higher than FLIN's -9.28% return.

FMET

• 1D: -0.97%
• 1M: 1.87%
• 6M: 2.98%
• YTD: 4.16%
• 1Y: 11.46%
• 3Y*: 12.17%
• 5Y*: —
• 10Y*: —

FLIN

• 1D: -1.13%
• 1M: 1.13%
• 6M: -8.40%
• YTD: -9.28%
• 1Y: -10.51%
• 3Y*: 4.69%
• 5Y*: 4.46%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMET vs. FLIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FMET Fidelity Metaverse ETF	4.16%	21.93%	6.76%	39.18%	-18.57%
FLIN Franklin FTSE India ETF	-9.28%	2.40%	10.33%	20.58%	-6.33%

Correlation

The correlation between FMET and FLIN is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Apr 21, 2022	0.43

FMET vs. FLIN - Sectors Allocation Comparison

Sectors	FMET	FLIN
Technology	71.2%	7.3%
Communication Services	20.5%	4.6%
Real Estate	8.0%	1.4%
Financial Services	0.2%	28.3%
Basic Materials	-	9.1%
Consumer Cyclical	-	11.9%
Consumer Defensive	-	5.6%
Energy	-	9.0%
Healthcare	-	7.0%
Industrials	-	10.4%
Utilities	-	5.6%

Return for Risk

FMET vs. FLIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMET

FMET Risk / Return Rank: 18
FMET Sharpe Ratio Rank: 20
FMET Sortino Ratio Rank: 19
FMET Omega Ratio Rank: 19
FMET Calmar Ratio Rank: 17
FMET Martin Ratio Rank: 17

FLIN

FLIN Risk / Return Rank: 4
FLIN Sharpe Ratio Rank: 4
FLIN Sortino Ratio Rank: 4
FLIN Omega Ratio Rank: 4
FLIN Calmar Ratio Rank: 4
FLIN Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FMET vs. FLIN - Risk-Adjusted Trends 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FMET	FLIN	Difference
Sharpe ratio: Return per unit of total volatility	0.55	-0.69	+1.24
Sortino ratio: Return per unit of downside risk	0.87	-0.92	+1.79
Omega ratio: Gain probability vs. loss probability	1.11	0.90	+0.21
Calmar ratio: Return relative to maximum drawdown	0.50	-0.58	+1.08
Martin ratio: Return relative to average drawdown	1.28	-1.33	+2.60

FMET vs. FLIN - Sharpe Ratio Comparison

The current FMET Sharpe Ratio is 0.55, which is higher than the FLIN Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of FMET and FLIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FMET vs. FLIN - Drawdown Comparison

The maximum FMET drawdown since its inception was -29.94%, 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.

Drawdown Indicators

	FMET	FLIN	Difference
Max Drawdown Largest peak-to-trough decline	-29.94%	-41.90%	+11.96%
Max Drawdown (1Y) Largest decline over 1 year	-23.00%	-18.25%	-4.75%
Max Drawdown (3Y) Largest decline over 3 years	-25.02%	-22.85%	-2.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.85%	—
Current Drawdown Current decline from peak	-6.55%	-16.48%	+9.93%
Average Drawdown Average peak-to-trough decline	-7.71%	-8.11%	+0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.98%	7.95%	+1.03%

Volatility

FMET vs. FLIN - Volatility Comparison

Fidelity Metaverse ETF (FMET) has a higher volatility of 6.87% compared to Franklin FTSE India ETF (FLIN) at 4.55%. This indicates that FMET's price experiences larger fluctuations and is considered to be riskier than FLIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMET	FLIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.87%	4.55%	+2.32%
Volatility (6M) Calculated over the trailing 6-month period	17.30%	13.21%	+4.09%
Volatility (1Y) Calculated over the trailing 1-year period	21.02%	15.30%	+5.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.38%	15.81%	+8.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.38%	20.39%	+3.99%

FMET vs. FLIN - Expense Ratio Comparison

FMET has a 0.39% expense ratio, which is higher than FLIN's 0.19% expense ratio.

Dividends

FMET vs. FLIN - Dividend Comparison

FMET's dividend yield for the trailing twelve months is around 0.50%, more than FLIN's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLIN Franklin FTSE India ETF	0.43%	0.56%	1.58%	0.73%	0.73%	2.26%	0.68%	0.90%	0.92%
FMET Fidelity Metaverse ETF	0.50%	0.81%	0.44%	0.40%	0.18%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FMET and FLIN in my portfolio?

FMET and FLIN have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMET or FLIN?

FMET has higher volatility (6.87%) compared to FLIN (4.55%). In terms of maximum drawdown, FMET dropped -29.94% vs FLIN's -41.90%.

Which ETF is better, FMET or FLIN?

On 3-year performance, FMET leads with 12.17% vs 4.69% for FLIN. On fees, FLIN is cheaper at 0.19% per year. On volatility, FLIN has been the lower-risk option at 4.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FMET or FLIN?

Over the 3-year period, FMET has performed better with a 12.17% return vs 4.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FMET or FLIN?

FLIN is cheaper with a 0.19% expense ratio, compared with 0.39% for FMET.

Which ETF pays a higher dividend yield, FMET or FLIN?

FMET has the higher dividend yield at 0.50%, compared with 0.43% for FLIN.

What is the main difference between FMET and FLIN?

FMET is categorized as Communications Equities, while FLIN is India Equities. They also come from different issuers: Fidelity and Franklin Templeton. Their fees differ too: 0.39% for FMET and 0.19% for FLIN.

Which has better risk-adjusted returns?

FMET currently has the higher Sharpe Ratio (0.55 vs -0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.