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
$45M
Winner
SPY
$735B
Expense Ratio
FMET
0.39%
Winner
SPY
0.09%
Max Drawdown
Winner
FMET
29.30%
SPY
56.47%
Sharpe Ratio
FMET
0.79
Winner
SPY
1.62
5Y Beta
FMET
1.23
Winner
SPY
1.00
P/E Ratio
FMET
80.68
Winner
SPY
28.99
Forward P/E
FMET
23.83
Winner
SPY
22.37
PEG Ratio
FMET
0.74
SPY
N/A
5Y Dividends CAGR
FMET
N/A
SPY
5.43%
5Y EPS CAGR
FMET
20.17%
Winner
SPY
26.05%
Debt to Equity
FMET
51.90%
Winner
SPY
32.40%
P/S Ratio
Winner
FMET
3.45
SPY
3.74
P/B Ratio
FMET
6.60
Winner
SPY
5.61
FMET vs SPY - Holdings Comparison
FMET and SPY have 18 common holdings. Overlap is 20.83%
FMET's top 25 holdings weight is 81.82%. SPY's top 25 holdings weight is 52.37%.
| Rank | FMET | SPY |
|---|---|---|
| #1 | ADVANCED MICRO DEVICES INC (AMD) - 9.60% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | QUALCOMM INC (QCOM) - 6.90% | APPLE INC (AAPL) - 7.02% |
| #3 | ALPHABET INC CLASS A (GOOGL) - 4.91% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | MONOLITHIC POWER SYSTEMS INC (MPWR) - 4.52% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | APPLE INC (AAPL) - 4.50% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | NVIDIA CORP (NVDA) - 4.45% | BROADCOM INC (AVGO) - 3.10% |
| #7 | EQUINIX INC (EQIX) - 4.29% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | MICROSOFT CORP (MSFT) - 3.85% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | META PLATFORMS INC CLASS A (META) - 3.52% | TESLA INC (TSLA) - 1.89% |
| #10 | DIGITAL REALTY TRUST INC (DLR) - 3.33% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | ADOBE INC (ADBE) - 3.24% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | ELECTRONIC ARTS INC (EA) - 2.76% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | NETEASE INC ORDINARY SHARES (n/a) - 2.72% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | TAKE-TWO INTERACTIVE SOFTWARE INC (TTWO) - 2.62% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | COREWEAVE INC ORDINARY SHARES CLASS A (CRWV) - 2.55% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | SUPER MICRO COMPUTER INC (SMCI) - 2.02% | INTEL CORP (INTC) - 0.90% |
| #17 | SKYWORKS SOLUTIONS INC (SWKS) - 1.97% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | ROBLOX CORP ORDINARY SHARES CLASS A (RBLX) - 1.88% | VISA INC CLASS A (V) - 0.85% |
| #19 | REDDIT INC CLASS A SHARES (RDDT) - 1.86% | WALMART INC (WMT) - 0.81% |
| #20 | n/a (n/a) - 1.83% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | DASSAULT SYSTEMES SE (n/a) - 1.82% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | NAVER CORP (n/a) - 1.75% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | PTC INC (PTC) - 1.69% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | CIRRUS LOGIC INC (CRUS) - 1.63% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | UNITY SOFTWARE INC ORDINARY SHARES (U) - 1.61% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 62 | 505 |
FMET vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
FMET
+1.75%
Winner
SPY
+1.90%
3M
Winner
FMET
+14.60%
SPY
+8.55%
6M
FMET
+2.97%
Winner
SPY
+8.18%
1Y
FMET
+19.68%
Winner
SPY
+25.79%
5Y(CAGR)
FMET
+11.74%
Winner
SPY
+13.32%
10Y(CAGR)
FMET
N/A
SPY
+15.19%
Max(CAGR)
Winner
FMET
+11.74%
SPY
+8.47%
FMET vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FMET | SPY |
|---|---|---|
| 2026 | +3.42% | +8.26% |
| 2025 | +22.17% | +18.00% |
| 2024 | +9.02% | +25.59% |
| 2023 | +40.85% | +26.72% |
| 2022 | -16.56% | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/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 -6.21%. The current SPY drawdown is -2.90%.
| Rank | FMET | SPY |
|---|---|---|
| #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 | -10.43% Mar 12, 2024 - May 15, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -6.21% Jun 2, 2026 - Jun 5, 2026 | -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.
| Year | FMET | SPY |
|---|---|---|
| 2026 | 0.15% | 0.24% |
| 2025 | 0.81% | 1.07% |
| 2024 | 0.44% | 1.21% |
| 2023 | 0.40% | 1.40% |
| 2022 | 0.18% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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