FMET vs. FZROX

In the year-to-date period, FMET achieves a 0.65% return, which is significantly higher than FZROX's -0.49% return.

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FMET has a 0.39% expense ratio, which is higher than FZROX's 0.00% expense ratio.

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.

The current FMET Sharpe Ratio is 0.17, which is lower than the FZROX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of FMET and FZROX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FMET's dividend yield for the trailing twelve months is around 0.88%, less than FZROX's 1.16% yield.

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.

Fidelity Metaverse ETF (FMET) has a higher volatility of 6.83% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 6.37%. 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.