FMET vs OEI
Comparison between FIDELITY METAVERSE ETF (FMET, ETF) and OPTIMIZED EQUITY INCOME ETF (OEI, ETF).
FMET vs OEI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FMET
$44M
OEI
$44M
Expense Ratio
Winner
FMET
0.39%
OEI
0.75%
Max Drawdown
FMET
29.30%
Winner
OEI
7.89%
Sharpe Ratio
FMET
0.27
Winner
OEI
1.04
5Y Beta
FMET
1.24
Winner
OEI
0.66
P/E Ratio
FMET
44.21
Winner
OEI
28.25
Forward P/E
FMET
21.22
Winner
OEI
20.67
PEG Ratio
FMET
0.66
Winner
OEI
0.37
5Y EPS CAGR
FMET
22.09%
Winner
OEI
26.87%
Debt to Equity
FMET
479.98%
Winner
OEI
20.97%
P/S Ratio
Winner
FMET
3.10
OEI
4.82
P/B Ratio
FMET
6.23
Winner
OEI
6.07
FMET vs OEI - Holdings Comparison
FMET and OEI have 9 common holdings. Overlap is 20.86%
FMET's top 25 holdings weight is 84.57%. OEI's top 25 holdings weight is 61.67%.
| Rank | FMET | OEI |
|---|---|---|
| #1 | n/a (n/a) - 6.66% | NVIDIA CORP (NVDA) - 8.07% |
| #2 | APPLE INC (AAPL) - 4.82% | MICROSOFT CORP (MSFT) - 4.96% |
| #3 | ADVANCED MICRO DEVICES INC (AMD) - 4.81% | APPLE INC (AAPL) - 4.26% |
| #4 | ALPHABET INC CLASS A (GOOGL) - 4.70% | AMAZON.COM INC (AMZN) - 4.09% |
| #5 | META PLATFORMS INC CLASS A (META) - 4.52% | ALPHABET INC CLASS A (GOOGL) - 3.55% |
| #6 | EQUINIX INC (EQIX) - 4.48% | MICRON TECHNOLOGY INC (MU) - 2.90% |
| #7 | MICROSOFT CORP (MSFT) - 4.44% | BROADCOM INC (AVGO) - 2.87% |
| #8 | NVIDIA CORP (NVDA) - 4.33% | ALPHABET INC CLASS C (GOOG) - 2.81% |
| #9 | ADOBE INC (ADBE) - 4.12% | META PLATFORMS INC CLASS A (META) - 2.38% |
| #10 | TAKE-TWO INTERACTIVE SOFTWARE INC (TTWO) - 3.56% | JOHNSON & JOHNSON (JNJ) - 2.17% |
| #11 | QUALCOMM INC (QCOM) - 3.53% | ELI LILLY AND CO (LLY) - 1.91% |
| #12 | DIGITAL REALTY TRUST INC (DLR) - 3.44% | TESLA INC (TSLA) - 1.87% |
| #13 | ROBLOX CORP ORDINARY SHARES CLASS A (RBLX) - 3.43% | EXXON MOBIL CORP (XOM) - 1.87% |
| #14 | ELECTRONIC ARTS INC (EA) - 3.33% | BOOKING HOLDINGS INC (BKNG) - 1.76% |
| #15 | MONOLITHIC POWER SYSTEMS INC (MPWR) - 3.32% | ADVANCED MICRO DEVICES INC (AMD) - 1.68% |
| #16 | NETEASE INC ORDINARY SHARES (n/a) - 3.29% | INTEL CORP (INTC) - 1.62% |
| #17 | REDDIT INC CLASS A SHARES (RDDT) - 2.61% | ABBVIE INC (ABBV) - 1.58% |
| #18 | BAIDU INC (n/a) - 2.53% | JPMORGAN CHASE & CO (JPM) - 1.57% |
| #19 | COREWEAVE INC ORDINARY SHARES CLASS A (CRWV) - 1.95% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.56% |
| #20 | PINTEREST INC CLASS A (PINS) - 1.93% | CISCO SYSTEMS INC (CSCO) - 1.47% |
| #21 | PTC INC (PTC) - 1.90% | MASTERCARD INC CLASS A (MA) - 1.44% |
| #22 | DASSAULT SYSTEMES SE (n/a) - 1.87% | GE AEROSPACE (GE) - 1.42% |
| #23 | NAVER CORP (n/a) - 1.85% | BANK OF AMERICA CORP (BAC) - 1.32% |
| #24 | UNITY SOFTWARE INC ORDINARY SHARES (U) - 1.70% | OTHER ASSETS AND LIABILITIES (n/a) - 1.29% |
| #25 | SKYWORKS SOLUTIONS INC (SWKS) - 1.45% | GE VERNOVA INC (GEV) - 1.25% |
| Total Holdings | 62 | 105 |
FMET vs OEI - Historical Returns
Returns include dividend reinvestment.
1M
FMET
+0.03%
Winner
OEI
+1.88%
3M
Winner
FMET
+5.28%
OEI
+5.04%
6M
FMET
+4.45%
Winner
OEI
+5.07%
1Y
FMET
+6.87%
OEI
N/A
5Y(CAGR)
FMET
+11.10%
OEI
N/A
Max(CAGR)
FMET
+11.10%
Winner
OEI
+14.04%
FMET vs OEI - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | FMET | OEI |
|---|---|---|
| 2026 | +2.33% | +5.94% |
| 2025 | +22.17% | +4.08% |
| 2024 | +9.02% | N/A |
| 2023 | +40.85% | N/A |
| 2022 | -16.56% | N/A |
FMET vs OEI Drawdown Comparison
The maximum drawdown for FMET was -29.22%, occurring on Nov 3, 2022. Recovery took 267 trading sessions.
The maximum drawdown for OEI was -6.48%, occurring on Mar 30, 2026. Recovery took 57 trading sessions.
The current FMET drawdown is -7.19%.
| Rank | FMET | OEI |
|---|---|---|
| #1 | -29.22% May 4, 2022 - May 26, 2023 | -6.48% Feb 2, 2026 - Apr 24, 2026 |
| #2 | -25.02% Feb 20, 2025 - Jun 12, 2025 | -3.50% Nov 12, 2025 - Dec 3, 2025 |
| #3 | -23.00% Oct 27, 2025 - May 28, 2026 | -2.79% May 29, 2026 - Jul 6, 2026 |
| #4 | -16.20% Jul 31, 2023 - Dec 13, 2023 | -1.84% Dec 11, 2025 - Dec 22, 2025 |
| #5 | -15.22% Jul 10, 2024 - Feb 10, 2025 | -1.61% Oct 29, 2025 - Nov 12, 2025 |
| #6 | -11.48% Jun 2, 2026 - Jun 25, 2026 | -1.31% Jan 12, 2026 - Jan 26, 2026 |
| #7 | -10.43% Mar 12, 2024 - May 15, 2024 | -0.89% Jul 6, 2026 - Jul 21, 2026 |
| #8 | -5.46% Apr 21, 2022 - May 4, 2022 | -0.66% May 6, 2026 - May 20, 2026 |
| #9 | -5.17% Dec 28, 2023 - Jan 25, 2024 | -0.65% Dec 24, 2025 - Jan 5, 2026 |
| #10 | -5.02% Feb 15, 2024 - Mar 12, 2024 | -0.38% Apr 27, 2026 - Apr 30, 2026 |
| #11 | -4.90% Jun 16, 2023 - Jul 12, 2023 | -0.30% Jan 6, 2026 - Jan 9, 2026 |
| #12 | -4.64% Oct 8, 2025 - Oct 27, 2025 | -0.30% May 1, 2026 - May 6, 2026 |
| #13 | -3.56% Aug 13, 2025 - Sep 8, 2025 | -0.16% Dec 5, 2025 - Dec 10, 2025 |
| #14 | -3.40% Jul 13, 2023 - Jul 31, 2023 | -0.11% Dec 3, 2025 - Dec 5, 2025 |
| #15 | -2.88% May 20, 2024 - Jun 12, 2024 | -0.00% Jan 27, 2026 - Jan 29, 2026 |
Correlation
Correlation between FMET and OEI is 0.54 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.54
-101
Dividend Comparison (2022 - 2026)
FMET vs OEI dividend yield comparison.
| Year | FMET | OEI |
|---|---|---|
| 2026 | 0.33% | 4.60% |
| 2025 | 0.81% | 1.35% |
| 2024 | 0.44% | 0.00% |
| 2023 | 0.40% | 0.00% |
| 2022 | 0.18% | 0.00% |
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