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FMET vs. FSELX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FMET and FSELX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Performance

FMET vs. FSELX - Performance Comparison

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

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Key characteristics

Sharpe Ratio

FMET:

0.17

FSELX:

-0.09

Sortino Ratio

FMET:

0.43

FSELX:

0.21

Omega Ratio

FMET:

1.06

FSELX:

1.03

Calmar Ratio

FMET:

0.18

FSELX:

-0.10

Martin Ratio

FMET:

0.54

FSELX:

-0.26

Ulcer Index

FMET:

8.26%

FSELX:

15.79%

Daily Std Dev

FMET:

25.96%

FSELX:

47.11%

Max Drawdown

FMET:

-29.22%

FSELX:

-81.70%

Current Drawdown

FMET:

-8.23%

FSELX:

-21.96%

Returns By Period

In the year-to-date period, FMET achieves a 0.65% return, which is significantly higher than FSELX's -11.74% return.


FMET

YTD

0.65%

1M

12.11%

6M

-0.46%

1Y

4.28%

5Y*

N/A

10Y*

N/A

FSELX

YTD

-11.74%

1M

19.64%

6M

-16.62%

1Y

-4.18%

5Y*

23.70%

10Y*

14.88%

*Annualized

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FMET vs. FSELX - Expense Ratio Comparison

FMET has a 0.39% expense ratio, which is lower than FSELX's 0.68% expense ratio.


Risk-Adjusted Performance

FMET vs. FSELX — Risk-Adjusted Performance Rank

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

FMET
The Risk-Adjusted Performance Rank of FMET is 2828
Overall Rank
The Sharpe Ratio Rank of FMET is 2626
Sharpe Ratio Rank
The Sortino Ratio Rank of FMET is 2929
Sortino Ratio Rank
The Omega Ratio Rank of FMET is 2828
Omega Ratio Rank
The Calmar Ratio Rank of FMET is 3030
Calmar Ratio Rank
The Martin Ratio Rank of FMET is 2727
Martin Ratio Rank

FSELX
The Risk-Adjusted Performance Rank of FSELX is 2323
Overall Rank
The Sharpe Ratio Rank of FSELX is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of FSELX is 3030
Sortino Ratio Rank
The Omega Ratio Rank of FSELX is 2828
Omega Ratio Rank
The Calmar Ratio Rank of FSELX is 1616
Calmar Ratio Rank
The Martin Ratio Rank of FSELX is 1818
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FMET vs. FSELX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Metaverse ETF (FMET) and Fidelity Select Semiconductors Portfolio (FSELX). 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.


The current FMET Sharpe Ratio is 0.17, which is higher than the FSELX Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of FMET and FSELX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FMET vs. FSELX - Dividend Comparison

FMET's dividend yield for the trailing twelve months is around 0.88%, while FSELX has not paid dividends to shareholders.


TTM20242023202220212020201920182017201620152014
FMET
Fidelity Metaverse ETF
0.88%0.44%0.40%0.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FSELX
Fidelity Select Semiconductors Portfolio
0.00%0.00%0.10%0.18%0.04%0.51%0.76%0.76%1.04%0.71%16.31%3.48%

Drawdowns

FMET vs. FSELX - Drawdown Comparison

The maximum FMET drawdown since its inception was -29.22%, smaller than the maximum FSELX drawdown of -81.70%. Use the drawdown chart below to compare losses from any high point for FMET and FSELX. For additional features, visit the drawdowns tool.


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Volatility

FMET vs. FSELX - Volatility Comparison

The current volatility for Fidelity Metaverse ETF (FMET) is 6.83%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 13.06%. This indicates that FMET experiences smaller price fluctuations and is considered to be less risky than FSELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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