FMETFidelity Metaverse ETF

Grow my money4y track recordRanked #1,616 of 2,960 in this goal

Seeks to provide investment returns that correspond to the performance of the Fidelity Metaverse Index.

By Fidelity Investments · Launched 2022

Annual Cost

0.39%

#1,958 of 5,562 · average

Fund Size

$48M

#3,611 of 5,562 · mid-size

Return (1Y)Goal

+17.9%

Track Record

4 years

#2,668 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$11,659+16.6%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

Global

Cap

Multi cap

Strategy

Index tracking

Sector

Information technology

Focus

Metaverse & Gaming

Index tracked

Fidelity Metaverse Index

What it actually holds

By weight

Concentration

Top 10 holdings = 43.8% of fundmoderately concentrated

ADOBE INC

4.9%

NVIDIA CORP

4.6%

MICROSOFT CORP

4.6%

META PLATFORMS INC

4.6%

ADVANCED MICRO DEVICES INC

4.5%

ALPHABET INC

4.5%

QUALCOMM INC

4.5%

APPLE INC

4.4%

EQUINIX INC

4.1%

DIGITAL REALTY TRUST INC

3.2%

Asset allocation

Stocks

99.8%

Cash

2.3%

By sector

Technology

60.2%

Communication

32.4%

Real Estate

7.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

20.8%High

Year-on-year price swings

Max drawdown

-29.2%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.53Decent risk-adjusted returns

Sortino (3Y)

0.77Moderate downside risk

Where to buy

Listing

Exchange: NASDAQ Global Select Market

Full fund details

Objective: Seeks to provide investment returns that correspond to the performance of the Fidelity Metaverse Index.
Strategy: Invests primarily in securities included in the Fidelity Metaverse Index, which reflects companies involved in the Metaverse. Stocks are selected based on revenues and NLP scores, focusing on areas like gaming technology, digital infrastructure, and computing hardware.
Inception date: April 19, 2022
Fund family: Fidelity Investments