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FMET - ETF AI Analysis
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Fidelity Metaverse ETF (FMET)
Rating:66Neutral
Price Target:―
Positive Factors
Leading Tech and Platform Companies
The ETF’s largest positions include well-known technology and communication services leaders, which are central players in metaverse-related growth.
Focused Metaverse Exposure with Some Global Reach
While most holdings are U.S.-based, the fund also includes companies from markets like Hong Kong, France, Japan, and Germany, adding some international diversification.
Moderate Expense Ratio for a Thematic Fund
The fund’s fee level is moderate for a specialized, thematic ETF, helping investors keep more of any potential long-term gains.
Negative Factors
Recent Weak Performance
The ETF has shown negative returns over the past month, three months, and year to date, indicating recent performance has been soft.
Heavy Concentration in Tech and Communication Services
With most assets in technology and communication services, the fund is highly sensitive to downturns in these growth-oriented sectors.
Several Top Holdings Are Lagging
A number of the largest positions have been weak so far this year, which has likely weighed on the fund’s overall results.
FMET vs. SPDR S&P 500 ETF (SPY)
AUM41.97M
RegionGlobal
Expense Ratio0.39%
Beta1.18
IssuerFidelity
Inception DateApr 19, 2022
Dividend Yield0.87%
Asset ClassEquity
Index TrackedFidelity Metaverse Index - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume6,508
30 Day Avg. Volume6,119
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
43.10Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering44
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FMET Summary
FMET is the Fidelity Metaverse ETF, which follows the Fidelity Metaverse Index and focuses on companies building virtual worlds, digital experiences, and the technology behind them. It mainly holds U.S. tech and communication firms, including well-known names like Apple and Microsoft, as well as companies working on virtual reality, chips, and cloud services. Someone might invest in FMET to seek long-term growth from the metaverse theme and to get a basket of leading tech-related stocks in one fund. A key risk is that it is heavily concentrated in technology and can rise or fall sharply with that sector.
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 a pure play on the metaverse’s digital backbone, with a heavy tilt toward U.S. Big Tech and chipmakers. Alphabet and AMD have been doing the heavy lifting lately, with Monolithic Power quietly adding extra spark. On the other side, Microsoft, Meta, Apple, and Adobe have been losing steam, acting as a brake on the fund’s momentum. Nvidia and Equinix are more mixed, neither heroes nor villains. Overall, it’s a globally themed fund, but the story is dominated by U.S. tech and communication giants.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Equinix | 5.43% | $2.28M | $93.95B | 2.42% | 73 Outperform | |
| Nvidia | 4.99% | $2.09M | $4.44T | 31.66% | 76 Outperform | |
| Meta Platforms | 4.80% | $2.02M | $1.62T | -13.15% | 76 Outperform | |
| Alphabet Class A | 4.76% | $2.00M | $3.70T | 65.05% | 85 Outperform | |
| Advanced Micro Devices | 4.66% | $1.96M | $338.02B | 83.31% | 73 Outperform | |
| Apple | 4.56% | $1.91M | $3.76T | 4.57% | 79 Outperform | |
| Monolithic Power | 4.09% | $1.72M | $56.12B | 71.03% | 75 Outperform | |
| Microsoft | 4.09% | $1.72M | $2.98T | -1.74% | 79 Outperform | |
| Digital Realty | 3.99% | $1.68M | $62.16B | 10.16% | 69 Neutral | |
| Adobe | 3.91% | $1.64M | $108.36B | -42.64% | 80 Outperform |
FMET Technical Analysis
Negative
―
Price Trends
35.86
Negative
36.54
Negative
35.04
Negative
Market Momentum
-0.67
Positive
33.50
Neutral
30.18
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FMET, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 35.14, equal to the 50-day MA of 35.86, and equal to the 200-day MA of 35.04, indicating a bearish trend. The MACD of -0.67 indicates Positive momentum. The RSI at 33.50 is Neutral, neither overbought nor oversold. The STOCH value of 30.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FMET.
FMET Peer Comparison
Comparison Results
Performance Comparison
FMET
Fidelity Metaverse ETF
33.46
1.05
3.24%
FDCF
Fidelity Disruptive Communications ETF
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IVRS
iShares Future Metaverse Tech and Communications ETF
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BWEB
Bitwise Web3 ETF
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VERS
ProShares Metaverse 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.
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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