GGME vs. FSST

Last updated Jun 4, 2026

GGME (Invesco Next Gen Media and Gaming ETF) and FSST (Fidelity Sustainability U.S. Equity ETF) are both exchange-traded funds - GGME is a Technology Equities fund tracking the STOXX World AC NexGen Media Index - Benchmark TR Gross, while FSST is a Sustainable fund tracking the Russell 3000. Both are passively managed. A 0.76 correlation means they provide meaningful diversification when combined. GGME charges 0.60%/yr vs 0.59%/yr for FSST.

Performance

GGME vs. FSST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Media and Gaming ETF (GGME) and Fidelity Sustainability U.S. Equity ETF (FSST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GGME

• 1D: -0.32%
• 1M: 12.63%
• YTD: 7.37%
• 6M: 5.66%
• 1Y: 13.51%
• 3Y*: 24.13%
• 5Y*: 4.50%
• 10Y*: 10.45%

FSST

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GGME vs. FSST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GGME Invesco Next Gen Media and Gaming ETF	7.37%	16.39%	32.67%	23.76%	-36.43%	-4.97%
FSST Fidelity Sustainability U.S. Equity ETF	0.00%	15.40%	21.40%	25.49%	-18.30%	12.81%

Correlation

The correlation between GGME and FSST is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 18, 2021	0.76

Over the past year, the correlation between GGME and FSST has dropped to 0.41 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

GGME vs. FSST - Sectors Allocation Comparison

Sectors	GGME	FSST
Technology	56.5%	29.6%
Communication Services	40.1%	11.7%
Consumer Cyclical	3.0%	11.5%
Industrials	0.4%	13.0%
Financial Services	0.3%	12.1%
Basic Materials	-	3.4%
Consumer Defensive	-	4.6%
Energy	-	1.9%
Healthcare	-	10.2%
Real Estate	-	1.3%
Utilities	-	0.9%

Return for Risk

GGME vs. FSST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GGME

GGME Risk / Return Rank: 19
GGME Sharpe Ratio Rank: 22
GGME Sortino Ratio Rank: 21
GGME Omega Ratio Rank: 21
GGME Calmar Ratio Rank: 16
GGME Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GGME vs. FSST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Media and Gaming ETF (GGME) and Fidelity Sustainability U.S. Equity ETF (FSST). 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.

	GGME	FSST	Difference
Sharpe ratio: Return per unit of total volatility	0.73	—	—
Sortino ratio: Return per unit of downside risk	1.10	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.54	—	—
Martin ratio: Return relative to average drawdown	1.21	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GGME	FSST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	—	—

Drawdowns

Drawdown Indicators

	GGME	FSST	Difference
Max Drawdown Largest peak-to-trough decline	-69.13%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-25.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.35%	—	—
Current Drawdown Current decline from peak	-2.98%	—	—
Average Drawdown Average peak-to-trough decline	-14.54%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	11.22%	—	—

Volatility

Volatility by Period

	GGME	FSST	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.63%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.16%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.14%	—	—

GGME vs. FSST - Expense Ratio Comparison

GGME has a 0.60% expense ratio, which is higher than FSST's 0.59% expense ratio.

Dividends

GGME vs. FSST - Dividend Comparison

GGME's dividend yield for the trailing twelve months is around 0.12%, less than FSST's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSST Fidelity Sustainability U.S. Equity ETF	0.14%	0.19%	2.01%	0.68%	1.00%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GGME Invesco Next Gen Media and Gaming ETF	0.12%	0.17%	0.08%	2.31%	0.76%	0.39%	0.38%	0.50%	0.93%	0.33%	0.16%	1.11%

Frequently Asked Questions

Can I hold both GGME and FSST in my portfolio?

GGME and FSST have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GGME or FSST?

On fees, FSST is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GGME or FSST?

FSST is cheaper with a 0.59% expense ratio, compared with 0.60% for GGME.

Which ETF pays a higher dividend yield, GGME or FSST?

FSST has the higher dividend yield at 0.14%, compared with 0.12% for GGME.

What is the main difference between GGME and FSST?

GGME is categorized as Technology Equities, while FSST is Sustainable. GGME tracks STOXX World AC NexGen Media Index - Benchmark TR Gross, while FSST tracks Russell 3000. They also come from different issuers: Invesco and Fidelity. Their fees differ too: 0.60% for GGME and 0.59% for FSST.