FMET vs DXD
Comparison between FIDELITY METAVERSE ETF (FMET, ETF) and PROSHARES ULTRASHORT DOW30 (DXD, ETF).
FMET vs DXD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FMET
$48M
DXD
$48M
Expense Ratio
FMET
0.39%
DXD
N/A
Max Drawdown
Winner
FMET
29.30%
DXD
99.78%
Sharpe Ratio
Winner
FMET
0.56
DXD
-1.30
5Y Beta
FMET
1.24
Winner
DXD
-1.50
P/E Ratio
FMET
78.59
DXD
N/A
Forward P/E
FMET
21.99
DXD
N/A
PEG Ratio
FMET
0.69
DXD
N/A
5Y Dividends CAGR
FMET
N/A
DXD
38.63%
5Y EPS CAGR
FMET
20.17%
DXD
N/A
Debt to Equity
FMET
51.90%
DXD
N/A
P/S Ratio
FMET
3.24
DXD
N/A
P/B Ratio
FMET
6.26
DXD
N/A
FMET vs DXD - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FMET
-2.30%
DXD
-5.55%
3M
Winner
FMET
+13.87%
DXD
-16.70%
6M
Winner
FMET
+1.78%
DXD
-9.64%
1Y
Winner
FMET
+13.30%
DXD
-27.18%
5Y(CAGR)
Winner
FMET
+11.08%
DXD
-15.29%
10Y(CAGR)
FMET
N/A
DXD
-24.84%
Max(CAGR)
Winner
FMET
+11.08%
DXD
-23.25%
FMET vs DXD - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | FMET | DXD |
|---|---|---|
| 2026 | +1.15% | -10.45% |
| 2025 | +22.17% | -21.75% |
| 2024 | +9.02% | -15.98% |
| 2023 | +40.85% | -18.91% |
| 2022 | -16.56% | +8.56% |
| 2021 | N/A | -36.60% |
| 2020 | N/A | -43.13% |
| 2019 | N/A | -35.32% |
| 2018 | N/A | +3.70% |
| 2017 | N/A | -38.07% |
| 2016 | N/A | -31.86% |
| 2015 | N/A | -7.27% |
| 2014 | N/A | -21.92% |
| 2013 | N/A | -39.84% |
| 2012 | N/A | -19.67% |
| 2011 | N/A | -25.06% |
| 2010 | N/A | -27.52% |
| 2009 | N/A | -41.74% |
| 2008 | N/A | +42.06% |
| 2007 | N/A | -8.91% |
| 2006 | N/A | -21.72% |
FMET vs DXD Drawdown Comparison
The maximum drawdown for FMET was -29.22%, occurring on Nov 3, 2022. Recovery took 267 trading sessions.
The maximum drawdown for DXD was -99.71%, occurring on Jun 4, 2026. This drawdown has not yet recovered.
The current FMET drawdown is -8.27%. The current DXD drawdown is -99.70%.
| Rank | FMET | DXD |
|---|---|---|
| #1 | -29.22% May 4, 2022 - May 26, 2023 | -99.71% Mar 9, 2009 - Jun 4, 2026 |
| #2 | -25.02% Feb 20, 2025 - Jun 12, 2025 | -38.16% Jul 17, 2006 - Oct 3, 2008 |
| #3 | -23.00% Oct 27, 2025 - May 28, 2026 | -35.19% Nov 20, 2008 - Mar 2, 2009 |
| #4 | -16.20% Jul 31, 2023 - Dec 13, 2023 | -31.57% Oct 27, 2008 - Nov 20, 2008 |
| #5 | -15.22% Jul 10, 2024 - Feb 10, 2025 | -19.15% Oct 10, 2008 - Oct 27, 2008 |
| #6 | -10.43% Mar 12, 2024 - May 15, 2024 | -4.65% Mar 3, 2009 - Mar 5, 2009 |
| #7 | -10.25% Jun 2, 2026 - Jun 10, 2026 | -1.05% Mar 5, 2009 - Mar 9, 2009 |
| #8 | -5.46% Apr 21, 2022 - May 4, 2022 | N/A |
| #9 | -5.17% Dec 28, 2023 - Jan 25, 2024 | N/A |
| #10 | -5.02% Feb 15, 2024 - Mar 12, 2024 | N/A |
| #11 | -4.90% Jun 16, 2023 - Jul 12, 2023 | N/A |
| #12 | -4.64% Oct 8, 2025 - Oct 27, 2025 | N/A |
| #13 | -3.56% Aug 13, 2025 - Sep 8, 2025 | N/A |
| #14 | -3.40% Jul 13, 2023 - Jul 31, 2023 | N/A |
| #15 | -2.88% May 20, 2024 - Jun 12, 2024 | N/A |
Correlation
Correlation between FMET and DXD is -0.93 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
-0.93
-101
Dividend Comparison (2006 - 2026)
FMET vs DXD dividend yield comparison.
| Year | FMET | DXD |
|---|---|---|
| 2026 | 0.15% | 0.62% |
| 2025 | 0.81% | 4.25% |
| 2024 | 0.44% | 5.91% |
| 2023 | 0.40% | 3.87% |
| 2022 | 0.18% | 0.25% |
| 2020 | 0.00% | 0.31% |
| 2019 | 0.00% | 1.76% |
| 2018 | 0.00% | 1.15% |
| 2017 | 0.00% | 0.12% |
| 2008 | 0.00% | 37.79% |
| 2007 | 0.00% | 3.98% |
| 2006 | 0.00% | 1.06% |
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