FMET vs. FSPGX
Compare and contrast key facts about Fidelity Metaverse ETF (FMET) and Fidelity Large Cap Growth Index Fund (FSPGX).
FMET is an actively managed fund by Fidelity. It was launched on Apr 19, 2022. FSPGX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMET or FSPGX.
Correlation
The correlation between FMET and FSPGX is 0.84, 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. FSPGX - Performance Comparison
Key characteristics
FMET:
0.54
FSPGX:
1.57
FMET:
0.87
FSPGX:
2.10
FMET:
1.11
FSPGX:
1.29
FMET:
0.70
FSPGX:
2.12
FMET:
1.93
FSPGX:
7.99
FMET:
5.54%
FSPGX:
3.49%
FMET:
19.64%
FSPGX:
17.80%
FMET:
-29.22%
FSPGX:
-32.66%
FMET:
0.00%
FSPGX:
-0.44%
Returns By Period
In the year-to-date period, FMET achieves a 9.56% return, which is significantly higher than FSPGX's 3.75% return.
FMET
9.56%
8.00%
9.72%
15.61%
N/A
N/A
FSPGX
3.75%
2.37%
13.05%
30.03%
18.31%
N/A
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FMET vs. FSPGX - Expense Ratio Comparison
FMET has a 0.39% expense ratio, which is higher than FSPGX's 0.04% expense ratio.
Risk-Adjusted Performance
FMET vs. FSPGX — Risk-Adjusted Performance Rank
FMET
FSPGX
FMET vs. FSPGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Metaverse ETF (FMET) and Fidelity Large Cap Growth Index Fund (FSPGX). 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. FSPGX - Dividend Comparison
FMET's dividend yield for the trailing twelve months is around 0.40%, more than FSPGX's 0.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMET Fidelity Metaverse ETF | 0.40% | 0.44% | 0.40% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.36% | 0.37% | 0.73% | 0.86% | 0.54% | 0.74% | 0.99% | 1.14% | 0.99% | 0.30% |
Drawdowns
FMET vs. FSPGX - Drawdown Comparison
The maximum FMET drawdown since its inception was -29.22%, smaller than the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FMET and FSPGX. For additional features, visit the drawdowns tool.
Volatility
FMET vs. FSPGX - Volatility Comparison
Fidelity Metaverse ETF (FMET) and Fidelity Large Cap Growth Index Fund (FSPGX) have volatilities of 4.79% and 5.00%, 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.