FMET vs. GOLS

Last updated Aug 2, 2026

FMET (Fidelity Metaverse ETF) and GOLS (Gabelli Opportunities in Live and Sports ETF) are both Communications Equities funds. Both are actively managed. Their 0.48 correlation means their historical movements had little consistent relationship. FMET charges 0.39%/yr vs 0.90%/yr for GOLS.

Performance

FMET vs. GOLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Metaverse ETF (FMET) and Gabelli Opportunities in Live and Sports ETF (GOLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FMET

• 1D: -1.53%
• 1M: 0.62%
• 6M: 4.91%
• YTD: 3.07%
• 1Y: 7.40%
• 3Y*: 11.40%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.30%

GOLS

• 1D: -1.18%
• 1M: -1.57%
• 6M: 6.08%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FMET Fidelity Metaverse ETF	$106.31K	$94.10K	$143.93K
GOLS Gabelli Opportunities in Live and Sports ETF	$118.16K	$131.19K	$97.70K

FMET vs. GOLS - Yearly Performance Comparison

	2026 (YTD)
FMET Fidelity Metaverse ETF	3.07%
GOLS Gabelli Opportunities in Live and Sports ETF	5.20%

Correlation

The correlation between FMET and GOLS is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 2, 2026	0.48

Return for Risk

FMET vs. GOLS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FMET

FMET Risk / Return Rank: 16
FMET Sharpe Ratio Rank: 17
FMET Sortino Ratio Rank: 16
FMET Omega Ratio Rank: 16
FMET Calmar Ratio Rank: 15
FMET Martin Ratio Rank: 15

GOLS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FMET vs. GOLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Metaverse ETF (FMET) and Gabelli Opportunities in Live and Sports ETF (GOLS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FMET	GOLS	Difference
Sharpe ratio: Return per unit of total volatility	0.27	—	—
Sortino ratio: Return per unit of downside risk	0.51	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.25	—	—
Martin ratio: Return relative to average drawdown	0.62	—	—

Drawdowns

FMET vs. GOLS - Drawdown Comparison

The maximum FMET drawdown since its inception was -29.94%, which is greater than GOLS's maximum drawdown of -7.85%. Use the drawdown chart below to compare losses from any high point for FMET and GOLS.

Drawdown Indicators

	FMET	GOLS	Difference
Max Drawdown Largest peak-to-trough decline	-29.94%	-7.85%	-22.09%
Max Drawdown (1Y) Largest decline over 1 year	-23.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.02%	—	—
Current Drawdown Current decline from peak	-7.53%	-1.71%	-5.82%
Average Drawdown Average peak-to-trough decline	-7.71%	-1.98%	-5.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.17%	—	—

Volatility

Volatility by Period

	FMET	GOLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.32%	13.82%	+7.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.30%	13.82%	+10.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.30%	13.82%	+10.48%

FMET vs. GOLS - Expense Ratio Comparison

FMET has a 0.39% expense ratio, which is lower than GOLS's 0.90% expense ratio.

Dividends

FMET vs. GOLS - Dividend Comparison

FMET's dividend yield for the trailing twelve months is around 0.51%, while GOLS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
FMET Fidelity Metaverse ETF	0.51%	0.81%	0.44%	0.40%	0.18%
GOLS Gabelli Opportunities in Live and Sports ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FMET and GOLS in my portfolio?

FMET and GOLS have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FMET or GOLS?

On fees, FMET is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FMET or GOLS?

FMET is cheaper with a 0.39% expense ratio, compared with 0.90% for GOLS.

Which ETF pays a higher dividend yield, FMET or GOLS?

FMET has the higher dividend yield at 0.51%, compared with 0.00% for GOLS.

What is the main difference between FMET and GOLS?

They also come from different issuers: Fidelity and Gabelli. Their fees differ too: 0.39% for FMET and 0.90% for GOLS.