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FPX vs FMET

First Trust US Equity Opportunities ETF vs Fidelity Metaverse ETF

FPX

First Trust US Equity Opportunities ETF

First Trust

Annual cost

0.57%

Fund size

$1.3B

FMET

Fidelity Metaverse ETF

Fidelity Investments

Annual cost

0.39%

Fund size

$45M

Key differences

  • FMET costs 0.18% less per year.
  • FPX is significantly larger than FMET — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, FPX has delivered higher annualized returns.
  • FPX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FPXFMET
Annual cost (TER)0.57%0.39%
Fund size (AUM)$1.3B$45M
Since20062022
Dividend yield0.52%0.55%
Asset classequityequity
Regionnorth america
Strategyindex trackingindex tracking
CAGR 1Y+46.1%+29.3%
CAGR 3Y+33.5%+17.8%
CAGR 5Y+11.7%N/A
Sharpe 3Y1.100.70
Volatility 1Y23.27%19.55%
Max drawdown-43.14%-29.22%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FPX and FMET