FMET vs. VGT
Compare and contrast key facts about Fidelity Metaverse ETF (FMET) and Vanguard Information Technology ETF (VGT).
FMET and VGT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMET is an actively managed fund by Fidelity. It was launched on Apr 19, 2022. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMET or VGT.
Correlation
The correlation between FMET and VGT is 0.85, 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. VGT - Performance Comparison
Key characteristics
FMET:
0.54
VGT:
1.16
FMET:
0.87
VGT:
1.60
FMET:
1.11
VGT:
1.21
FMET:
0.70
VGT:
1.70
FMET:
1.93
VGT:
5.91
FMET:
5.54%
VGT:
4.39%
FMET:
19.64%
VGT:
22.33%
FMET:
-29.22%
VGT:
-54.63%
FMET:
0.00%
VGT:
-0.55%
Returns By Period
In the year-to-date period, FMET achieves a 9.56% return, which is significantly higher than VGT's 3.52% return.
FMET
9.56%
8.00%
9.72%
15.61%
N/A
N/A
VGT
3.52%
2.58%
10.89%
28.80%
20.51%
20.68%
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FMET vs. VGT - Expense Ratio Comparison
FMET has a 0.39% expense ratio, which is higher than VGT's 0.10% expense ratio.
Risk-Adjusted Performance
FMET vs. VGT — Risk-Adjusted Performance Rank
FMET
VGT
FMET vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Metaverse ETF (FMET) and Vanguard Information Technology ETF (VGT). 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. VGT - Dividend Comparison
FMET's dividend yield for the trailing twelve months is around 0.40%, less than VGT's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMET Fidelity Metaverse ETF | 0.40% | 0.44% | 0.40% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.58% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% |
Drawdowns
FMET vs. VGT - Drawdown Comparison
The maximum FMET drawdown since its inception was -29.22%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for FMET and VGT. For additional features, visit the drawdowns tool.
Volatility
FMET vs. VGT - Volatility Comparison
The current volatility for Fidelity Metaverse ETF (FMET) is 4.79%, while Vanguard Information Technology ETF (VGT) has a volatility of 7.66%. This indicates that FMET experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.