FMET vs. FZROX
Compare and contrast key facts about Fidelity Metaverse ETF (FMET) and Fidelity ZERO Total Market Index Fund (FZROX).
FMET is an actively managed fund by Fidelity. It was launched on Apr 19, 2022. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMET or FZROX.
Correlation
The correlation between FMET and FZROX 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. FZROX - Performance Comparison
Key characteristics
FMET:
0.55
FZROX:
1.74
FMET:
0.89
FZROX:
2.35
FMET:
1.11
FZROX:
1.32
FMET:
0.72
FZROX:
2.67
FMET:
1.98
FZROX:
10.53
FMET:
5.57%
FZROX:
2.17%
FMET:
20.06%
FZROX:
13.16%
FMET:
-29.22%
FZROX:
-34.96%
FMET:
-0.22%
FZROX:
-0.89%
Returns By Period
In the year-to-date period, FMET achieves a 6.95% return, which is significantly higher than FZROX's 3.39% return.
FMET
6.95%
7.82%
11.77%
9.61%
N/A
N/A
FZROX
3.39%
4.26%
12.92%
21.97%
13.70%
N/A
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FMET vs. FZROX - Expense Ratio Comparison
FMET has a 0.39% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Risk-Adjusted Performance
FMET vs. FZROX — Risk-Adjusted Performance Rank
FMET
FZROX
FMET vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Metaverse ETF (FMET) and Fidelity ZERO Total Market Index Fund (FZROX). 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. FZROX - Dividend Comparison
FMET's dividend yield for the trailing twelve months is around 0.41%, less than FZROX's 1.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FMET Fidelity Metaverse ETF | 0.41% | 0.44% | 0.40% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% |
FZROX Fidelity ZERO Total Market Index Fund | 1.12% | 1.16% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% |
Drawdowns
FMET vs. FZROX - Drawdown Comparison
The maximum FMET drawdown since its inception was -29.22%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FMET and FZROX. For additional features, visit the drawdowns tool.
Volatility
FMET vs. FZROX - Volatility Comparison
Fidelity Metaverse ETF (FMET) has a higher volatility of 5.45% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 3.51%. This indicates that FMET's price experiences larger fluctuations and is considered to be riskier than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.