FMET - ETF AI Analysis

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Fidelity Metaverse ETF (FMET)

Rating:67Neutral

Price Target:―

The Fidelity Metaverse ETF (FMET) has a solid overall rating, driven by strong contributions from holdings like Alphabet (GOOGL) and Adobe (ADBE). Alphabet stands out due to its strategic investments in AI and cloud services, which position it well for future growth despite minor cost-related challenges. Adobe also adds strength with its robust profitability and focus on AI innovations, although mixed technical signals slightly temper its impact. However, weaker holdings like Digital Realty (DLR), with valuation concerns and rising costs, may have held back the ETF's rating. Investors should note the ETF's concentration in tech-related sectors, which could pose risks during market downturns in this industry.

Positive Factors

Strong Top Holdings

Several key positions, such as AMD and Roblox, have delivered strong year-to-date performance, boosting the ETF's returns.

Sector Focus on Growth Areas

The ETF is heavily weighted in Technology and Communication Services, sectors with high growth potential.

Reasonable Expense Ratio

The ETF's expense ratio is competitive, allowing investors to keep more of their returns compared to higher-cost funds.

Negative Factors

High Geographic Concentration

The ETF is heavily focused on U.S. companies, with limited exposure to international markets, which may reduce diversification.

Underperforming Holdings

Some top holdings, like Adobe and Equinix, have shown negative year-to-date performance, which could drag on overall returns.

Overweight in Technology

The ETF's large allocation to Technology increases vulnerability to sector-specific downturns.

FMET vs. SPDR S&P 500 ETF (SPY)

AUM48.95M

RegionGlobal

Expense Ratio0.39%

Beta1.19

IssuerFidelity

Inception DateApr 19, 2022

Dividend Yield0.8%

Asset ClassEquity

Index TrackedFidelity Metaverse Index - Benchmark TR Net

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume7,584

30 Day Avg. Volume8,429

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

44.91

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering44

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

FMET Summary

The Fidelity Metaverse ETF (FMET) is an investment fund focused on companies driving innovation in the metaverse, including virtual reality, augmented reality, and digital experiences. It tracks the Fidelity Metaverse Index and includes well-known companies like Nvidia and Meta Platforms, which are leaders in technology and digital connectivity. This ETF might appeal to investors looking for growth opportunities in cutting-edge technology and the future of digital interaction. However, it’s important to note that FMET is heavily reliant on the tech sector, meaning its value can fluctuate significantly based on market trends in technology.

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

The Fidelity Metaverse ETF (FMET) is riding the wave of tech innovation, with heavyweights like Alphabet and AMD driving strong performance thanks to their strategic focus on AI and cloud services. Nvidia and Microsoft, while steady contributors, are showing mixed signals as high valuations and bearish technical trends temper their momentum. Adobe and Meta Platforms have struggled recently, with Adobe’s valuation concerns and Meta’s regulatory challenges holding back gains. With over half of its portfolio in technology and a global reach, FMET is a bet on the future of digital interaction, though some names are losing steam.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
GOOGL	Alphabet Class A	4.69%	$2.29M	$3.97T	74.98%	85 Outperform
QCOM	Qualcomm	4.62%	$2.26M	$190.40B	6.10%	80 Outperform
ADBE	Adobe	4.60%	$2.25M	$139.79B	-20.61%	80 Outperform
NVDA	Nvidia	4.57%	$2.24M	$4.49T	40.36%	76 Outperform
MSFT	Microsoft	4.52%	$2.21M	$3.56T	14.80%	79 Outperform
META	Meta Platforms	4.47%	$2.19M	$1.65T	8.03%	76 Outperform
AMD	Advanced Micro Devices	4.26%	$2.09M	$330.77B	78.90%	73 Outperform
EQIX	Equinix	4.21%	$2.06M	$78.58B	-12.72%	73 Outperform
AAPL	Apple	4.19%	$2.05M	$3.83T	11.56%	79 Outperform
DLR	Digital Realty	3.25%	$1.59M	$54.46B	-9.21%	69 Neutral

FMET Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

36.30

Positive

100DMA

36.79

Negative

200DMA

34.10

Positive

Market Momentum

MACD

0.05

Negative

RSI

53.25

Neutral

STOCH

54.57

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 36.27, equal to the 50-day MA of 36.30, and equal to the 200-day MA of 34.10, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 53.25 is Neutral, neither overbought nor oversold. The STOCH value of 54.57 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

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
FMET	―	―	$48.95M	0.39%	―
FFND	―	―	$95.23M	1.00%	―
IVRS	―	―	$7.21M	0.47%	―
VERS	―	―	$6.36M	0.58%	―
BWEB	―	―	$6.25M	0.85%	―
ARVR	―	―	$4.98M	0.70%	―

Performance Comparison

FMET

Fidelity Metaverse ETF

36.53

6.49

21.60%

FFND

Future Fund Active ETF

―

IVRS

iShares Future Metaverse Tech and Communications ETF

―

VERS

ProShares Metaverse ETF

―

BWEB

Bitwise Web3 ETF

―

ARVR

First Trust Indxx Metaverse ETF

―

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.

Disclaimer

This 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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