FMET - ETF AI Analysis
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Fidelity Metaverse ETF (FMET)
Rating:66Neutral
Price Target:―
Positive Factors
Strong Leading Holdings
Several of the largest positions, including chipmakers and data-center REITs, have shown strong gains this year, helping support the fund’s overall results.
Focused Technology and Communication Exposure
The ETF is heavily invested in technology and communication services companies that are central to metaverse-related growth themes.
Moderate Expense Ratio
The fund’s fee is moderate for a specialized thematic ETF, so costs are not excessively high relative to its niche focus.
Negative Factors
High Sector Concentration
With most assets in technology and communication services, the ETF is vulnerable to downturns in these specific sectors.
Mixed Performance So Far This Year
Despite some strong individual winners, the ETF’s overall year-to-date return has been slightly negative, showing that gains in top holdings have not fully offset broader weakness.
Dependence on U.S. Market
The portfolio is dominated by U.S. stocks, so investors are heavily exposed to the direction of the U.S. market and have limited geographic diversification.
FMET vs. SPDR S&P 500 ETF (SPY)
AUM45.19M
RegionGlobal
Expense Ratio0.39%
Beta1.21
IssuerFidelity
Inception DateApr 19, 2022
Dividend Yield0.52%
Asset ClassEquity
Index TrackedFidelity Metaverse Index - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume3,780
30 Day Avg. Volume4,211
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
44.86Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering49
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FMET Summary
The Fidelity Metaverse ETF (FMET) is a fund that follows the Fidelity Metaverse Index, focusing on companies building the “metaverse” — virtual worlds, online platforms, and the technology that powers them. It mainly holds U.S. tech and communication stocks, including well-known names like Apple, Microsoft, Nvidia, and Meta Platforms (Facebook). Someone might invest in FMET if they believe digital experiences, virtual reality, and online connectivity will keep growing and want a simple way to spread their money across many metaverse-related companies. A key risk is that it’s heavily tilted toward tech, so its price can swing up and down more than the overall market.
How much will it cost me?The Fidelity Metaverse ETF (FMET) has an expense ratio of 0.40%, which means you’ll pay $4 per year for every $1,000 invested. This is slightly higher than average because it is actively managed to focus on innovative companies in the metaverse sector, requiring more research and specialized management.
What would affect this ETF?The Fidelity Metaverse ETF (FMET) could benefit from growing interest in virtual reality, augmented reality, and digital connectivity as more industries adopt metaverse technologies. However, it may face challenges from rising interest rates, which can negatively impact technology stocks, and regulatory scrutiny around data privacy and digital platforms. Global economic conditions and competition within the tech sector could also influence the performance of its top holdings like Nvidia, Meta, and Apple.
FMET Top 10 Holdings
FMET is leaning hard into the digital future, with chipmakers and Big Tech steering the ship. Monolithic Power and AMD are among the fund’s real engines right now, rising on strong demand tied to data centers and advanced computing. Nvidia and Alphabet are also adding steady fuel, helped by their AI and cloud momentum. On the flip side, Microsoft and Qualcomm have been lagging, acting as a bit of a brake on returns. Overall, this is a globally focused, tech-heavy bet on the metaverse and the infrastructure behind it.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Advanced Micro Devices | 8.84% | $4.09M | $730.98B | 298.62% | 73 Outperform | |
| Qualcomm | 6.66% | $3.08M | $221.67B | 38.96% | 80 Outperform | |
| Alphabet Class A | 4.96% | $2.29M | $1.42M | 142.81% | 85 Outperform | |
| Nvidia | 4.60% | $2.13M | $5.36T | 69.92% | 76 Outperform | |
| Monolithic Power | 4.57% | $2.11M | $78.58B | 116.82% | 75 Outperform | |
| Equinix | 4.38% | $2.02M | $106.58B | 24.38% | 73 Outperform | |
| Apple | 4.32% | $2.00M | $4.33T | 38.45% | 79 Outperform | |
| Microsoft | 3.86% | $1.78M | $3.03T | -9.21% | 79 Outperform | |
| Meta Platforms | 3.48% | $1.61M | $1.53T | -8.08% | 76 Outperform | |
| Digital Realty | 3.41% | $1.58M | $68.62B | 17.77% | 69 Neutral |
FMET Technical Analysis
Positive
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Price Trends
34.04
Positive
34.57
Positive
35.56
Positive
Market Momentum
1.19
Negative
67.75
Neutral
65.80
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FMET, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 36.76, equal to the 50-day MA of 34.04, and equal to the 200-day MA of 35.56, indicating a bullish trend. The MACD of 1.19 indicates Negative momentum. The RSI at 67.75 is Neutral, neither overbought nor oversold. The STOCH value of 65.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FMET.
FMET Peer Comparison
Comparison Results
Performance Comparison
FMET
Fidelity Metaverse ETF
38.04
7.59
24.93%
IBLC
iShares Blockchain and Tech ETF
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IVRS
iShares Future Metaverse Tech and Communications ETF
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VERS
ProShares Metaverse ETF
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BWEB
Bitwise Web3 ETF
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ARVR
First Trust Indxx Metaverse ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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