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FMET - ETF AI Analysis
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Fidelity Metaverse ETF (FMET)
Rating:68Neutral
Price Target:―
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)
AUM49.00M
RegionGlobal
Expense Ratio0.39%
Beta1.21
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. Volume6,196
30 Day Avg. Volume8,365
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
44.80Price 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 |
|---|---|---|---|---|---|---|
| Adobe | 4.92% | $2.41M | $147.52B | -21.32% | 80 Outperform | |
| Microsoft | 4.57% | $2.24M | $3.62T | 10.82% | 79 Outperform | |
| Nvidia | 4.53% | $2.22M | $4.60T | 34.94% | 76 Outperform | |
| Meta Platforms | 4.53% | $2.22M | $1.68T | 9.41% | 76 Outperform | |
| Qualcomm | 4.52% | $2.22M | $187.16B | 9.66% | 80 Outperform | |
| Advanced Micro Devices | 4.50% | $2.21M | $349.87B | 70.16% | 73 Outperform | |
| Alphabet Class A | 4.41% | $2.16M | $3.80T | 60.29% | 85 Outperform | |
| Apple | 4.37% | $2.14M | $4.02T | 5.48% | 79 Outperform | |
| Equinix | 3.98% | $1.95M | $74.63B | -19.99% | 73 Outperform | |
| Digital Realty | 3.15% | $1.54M | $52.86B | -14.70% | 69 Neutral |
FMET Technical Analysis
Positive
―
Price Trends
36.77
Negative
36.65
Negative
33.61
Positive
Market Momentum
-0.10
Negative
50.06
Neutral
57.44
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 36.15, equal to the 50-day MA of 36.77, and equal to the 200-day MA of 33.61, indicating a neutral trend. The MACD of -0.10 indicates Negative momentum. The RSI at 50.06 is Neutral, neither overbought nor oversold. The STOCH value of 57.44 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
36.26
5.89
19.39%
XAIX
Xtrackers Artificial Intelligence and Big Data 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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