FMET vs. FSELX
Compare and contrast key facts about Fidelity Metaverse ETF (FMET) and Fidelity Select Semiconductors Portfolio (FSELX).
FMET is an actively managed fund by Fidelity. It was launched on Apr 19, 2022. FSELX is managed by Fidelity. It was launched on Jul 29, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMET or FSELX.
Correlation
The correlation between FMET and FSELX is 0.81, 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
Key characteristics
FMET:
-0.18
FSELX:
-0.38
FMET:
-0.08
FSELX:
-0.26
FMET:
0.99
FSELX:
0.97
FMET:
-0.18
FSELX:
-0.47
FMET:
-0.60
FSELX:
-1.38
FMET:
7.58%
FSELX:
12.80%
FMET:
25.68%
FSELX:
46.25%
FMET:
-29.22%
FSELX:
-81.70%
FMET:
-20.78%
FSELX:
-37.21%
Returns By Period
In the year-to-date period, FMET achieves a -13.12% return, which is significantly higher than FSELX's -31.64% return.
FMET
-13.12%
-11.03%
-13.51%
-2.28%
N/A
N/A
FSELX
-31.64%
-23.12%
-32.63%
-11.66%
24.69%
21.08%
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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
FMET
FSELX
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.
Dividends
FMET vs. FSELX - Dividend Comparison
FMET's dividend yield for the trailing twelve months is around 1.02%, less than FSELX's 5.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMET Fidelity Metaverse ETF | 1.02% | 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 | 5.83% | 3.99% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.65% | 3.82% | 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.
Volatility
FMET vs. FSELX - Volatility Comparison
The current volatility for Fidelity Metaverse ETF (FMET) is 16.00%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 25.33%. 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.