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FMET vs SPY

Comparison between FIDELITY METAVERSE ETF (FMET, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

FMET vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
FMET
$44M
Winner
SPY
$795B
Expense Ratio
FMET
0.39%
Winner
SPY
0.09%
Max Drawdown
Winner
FMET
29.30%
SPY
56.47%
Sharpe Ratio
FMET
0.40
Winner
SPY
1.28
5Y Beta
FMET
1.23
Winner
SPY
1.00
P/E Ratio
FMET
45.06
Winner
SPY
26.08
Forward P/E
FMET
21.69
Winner
SPY
20.95
PEG Ratio
FMET
0.65
Winner
SPY
0.37
5Y Dividends CAGR
FMET
N/A
SPY
6.00%
5Y EPS CAGR
FMET
23.05%
Winner
SPY
26.38%
Debt to Equity
Winner
FMET
31.95%
SPY
45.86%
P/S Ratio
Winner
FMET
3.11
SPY
3.75
P/B Ratio
FMET
6.39
Winner
SPY
5.57

FMET vs SPY - Holdings Comparison

FMET and SPY have 16 common holdings. Overlap is 20.76%

FMET's top 25 holdings weight is 84.57%. SPY's top 25 holdings weight is 51.61%.

RankFMETSPY
#1
n/a (n/a) - 6.66%
NVIDIA CORP (NVDA) - 7.90%
#2
APPLE INC (AAPL) - 4.82%
APPLE INC (AAPL) - 6.79%
#3
ADVANCED MICRO DEVICES INC (AMD) - 4.81%
MICROSOFT CORP (MSFT) - 5.64%
#4
ALPHABET INC CLASS A (GOOGL) - 4.70%
AMAZON.COM INC (AMZN) - 4.08%
#5
META PLATFORMS INC CLASS A (META) - 4.52%
ALPHABET INC CLASS A (GOOGL) - 3.14%
#6
EQUINIX INC (EQIX) - 4.48%
BROADCOM INC (AVGO) - 3.00%
#7
MICROSOFT CORP (MSFT) - 4.44%
ALPHABET INC CLASS C (GOOG) - 2.52%
#8
NVIDIA CORP (NVDA) - 4.33%
META PLATFORMS INC CLASS A (META) - 1.96%
#9
ADOBE INC (ADBE) - 4.12%
ELI LILLY AND CO (LLY) - 1.46%
#10
TAKE-TWO INTERACTIVE SOFTWARE INC (TTWO) - 3.56%
MICRON TECHNOLOGY INC (MU) - 1.46%
#11
QUALCOMM INC (QCOM) - 3.53%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.46%
#12
DIGITAL REALTY TRUST INC (DLR) - 3.44%
JPMORGAN CHASE & CO (JPM) - 1.45%
#13
ROBLOX CORP ORDINARY SHARES CLASS A (RBLX) - 3.43%
TESLA INC (TSLA) - 1.40%
#14
ELECTRONIC ARTS INC (EA) - 3.33%
ADVANCED MICRO DEVICES INC (AMD) - 1.15%
#15
MONOLITHIC POWER SYSTEMS INC (MPWR) - 3.32%
EXXONMOBIL HOLDINGS CORP (XOM) - 0.99%
#16
NETEASE INC ORDINARY SHARES (n/a) - 3.29%
JOHNSON & JOHNSON (JNJ) - 0.94%
#17
REDDIT INC CLASS A SHARES (RDDT) - 2.61%
VISA INC CLASS A (V) - 0.90%
#18
BAIDU INC (n/a) - 2.53%
WALMART INC (WMT) - 0.74%
#19
COREWEAVE INC ORDINARY SHARES CLASS A (CRWV) - 1.95%
CISCO SYSTEMS INC (CSCO) - 0.73%
#20
PINTEREST INC CLASS A (PINS) - 1.93%
INTEL CORP (INTC) - 0.69%
#21
PTC INC (PTC) - 1.90%
MASTERCARD INC CLASS A (MA) - 0.68%
#22
DASSAULT SYSTEMES SE (n/a) - 1.87%
ABBVIE INC (ABBV) - 0.66%
#23
NAVER CORP (n/a) - 1.85%
COSTCO WHOLESALE CORP (COST) - 0.63%
#24
UNITY SOFTWARE INC ORDINARY SHARES (U) - 1.70%
APPLIED MATERIALS INC (AMAT) - 0.62%
#25
SKYWORKS SOLUTIONS INC (SWKS) - 1.45%
BANK OF AMERICA CORP (BAC) - 0.62%
Total Holdings62505

FMET vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
FMET
+5.09%
SPY
+3.32%
3M
FMET
-0.22%
Winner
SPY
+2.65%
6M
Winner
FMET
+14.20%
SPY
+11.67%
1Y
FMET
+8.18%
Winner
SPY
+20.15%
5Y(CAGR)
FMET
+11.58%
Winner
SPY
+12.77%
10Y(CAGR)
FMET
N/A
SPY
+15.20%
Max(CAGR)
Winner
FMET
+11.58%
SPY
+8.55%

FMET vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearFMETSPY
2026+5.33%+12.35%
2025+22.17%+18.00%
2024+9.02%+25.59%
2023+40.85%+26.72%
2022-16.56%-18.64%
2021N/A+30.52%
2020N/A+17.28%
2019N/A+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

FMET vs SPY Drawdown Comparison

The maximum drawdown for FMET was -29.22%, occurring on Nov 3, 2022. Recovery took 267 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current FMET drawdown is -4.48%. The current SPY drawdown is -1.85%.

RankFMETSPY
#1-29.22%
May 4, 2022 - May 26, 2023		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-25.02%
Feb 20, 2025 - Jun 12, 2025		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-23.00%
Oct 27, 2025 - May 28, 2026		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-16.20%
Jul 31, 2023 - Dec 13, 2023		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-15.22%
Jul 10, 2024 - Feb 10, 2025		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-11.48%
Jun 2, 2026 - Jun 25, 2026		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-10.43%
Mar 12, 2024 - May 15, 2024		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-5.46%
Apr 21, 2022 - May 4, 2022		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-5.17%
Dec 28, 2023 - Jan 25, 2024		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-5.02%
Feb 15, 2024 - Mar 12, 2024		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-4.90%
Jun 16, 2023 - Jul 12, 2023		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-4.64%
Oct 8, 2025 - Oct 27, 2025		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-3.56%
Aug 13, 2025 - Sep 8, 2025		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-3.40%
Jul 13, 2023 - Jul 31, 2023		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-2.88%
May 20, 2024 - Jun 12, 2024		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between FMET and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97
-101

Dividend Comparison (1999 - 2026)

FMET vs SPY dividend yield comparison.

YearFMETSPY
20260.32%0.48%
20250.81%1.07%
20240.44%1.21%
20230.40%1.40%
20220.18%1.65%
20210.00%1.20%
20200.00%1.52%
20190.00%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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