FMET vs TMLP
Comparison between FIDELITY METAVERSE ETF (FMET, ETF) and Tortoise MLP ETF (TMLP, ETF).
FMET vs TMLP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FMET
$44M
Winner
TMLP
$45M
Expense Ratio
Winner
FMET
0.39%
TMLP
0.50%
Max Drawdown
FMET
29.30%
Winner
TMLP
8.76%
Sharpe Ratio
FMET
0.40
Winner
TMLP
2.16
5Y Beta
FMET
1.23
Winner
TMLP
-0.26
P/E Ratio
FMET
45.06
TMLP
N/A
Forward P/E
FMET
21.69
TMLP
N/A
PEG Ratio
FMET
0.65
TMLP
N/A
5Y EPS CAGR
FMET
23.05%
TMLP
N/A
Debt to Equity
FMET
31.95%
TMLP
N/A
P/S Ratio
FMET
3.11
TMLP
N/A
P/B Ratio
FMET
6.39
TMLP
N/A
FMET vs TMLP - Holdings Comparison
FMET and TMLP have 1 common holdings. Overlap is -49.86%
FMET's top 25 holdings weight is 84.57%. TMLP's top 25 holdings weight is 101.65%.
| Rank | FMET | TMLP |
|---|---|---|
| #1 | n/a (n/a) - 6.66% | TORTOISE MLP TOTAL RETURN INDEX SWAP GS-L (n/a) - 50.90% |
| #2 | APPLE INC (AAPL) - 4.82% | HESS MIDSTREAM LP CLASS A (HESM) - 5.71% |
| #3 | ADVANCED MICRO DEVICES INC (AMD) - 4.81% | WILLIAMS COMPANIES INC (WMB) - 5.55% |
| #4 | ALPHABET INC CLASS A (GOOGL) - 4.70% | TARGA RESOURCES CORP (TRGP) - 5.35% |
| #5 | META PLATFORMS INC CLASS A (META) - 4.52% | TC ENERGY CORP (n/a) - 3.82% |
| #6 | EQUINIX INC (EQIX) - 4.48% | U.S. BANK MONEY MARKET DEPOSIT ACCOUNT (n/a) - 3.66% |
| #7 | MICROSOFT CORP (MSFT) - 4.44% | ONEOK INC (OKE) - 3.28% |
| #8 | NVIDIA CORP (NVDA) - 4.33% | CHENIERE ENERGY INC (LNG) - 3.24% |
| #9 | ADOBE INC (ADBE) - 4.12% | PLAINS ALL AMERICAN PIPELINE LP (PAA) - 2.40% |
| #10 | TAKE-TWO INTERACTIVE SOFTWARE INC (TTWO) - 3.56% | ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 2.22% |
| #11 | QUALCOMM INC (QCOM) - 3.53% | ENERGY TRANSFER LP (ET) - 2.19% |
| #12 | DIGITAL REALTY TRUST INC (DLR) - 3.44% | ENBRIDGE INC (ENB) - 2.11% |
| #13 | ROBLOX CORP ORDINARY SHARES CLASS A (RBLX) - 3.43% | WESTERN MIDSTREAM PARTNERS LP (WES) - 2.00% |
| #14 | ELECTRONIC ARTS INC (EA) - 3.33% | MPLX LP PARTNERSHIP UNITS (MPLX) - 2.00% |
| #15 | MONOLITHIC POWER SYSTEMS INC (MPWR) - 3.32% | CHENIERE ENERGY PARTNERS LP (CQP) - 1.56% |
| #16 | NETEASE INC ORDINARY SHARES (n/a) - 3.29% | SUNOCO LP (SUN) - 1.48% |
| #17 | REDDIT INC CLASS A SHARES (RDDT) - 2.61% | DT MIDSTREAM INC ORDINARY SHARES (DTM) - 1.09% |
| #18 | BAIDU INC (n/a) - 2.53% | ANTERO MIDSTREAM CORP (AM) - 0.92% |
| #19 | COREWEAVE INC ORDINARY SHARES CLASS A (CRWV) - 1.95% | KODIAK GAS SERVICES INC (KGS) - 0.90% |
| #20 | PINTEREST INC CLASS A (PINS) - 1.93% | EXCELERATE ENERGY INC CLASS A (EE) - 0.53% |
| #21 | PTC INC (PTC) - 1.90% | KINDER MORGAN INC CLASS P (KMI) - 0.51% |
| #22 | DASSAULT SYSTEMES SE (n/a) - 1.87% | PEMBINA PIPELINE CORP (n/a) - 0.25% |
| #23 | NAVER CORP (n/a) - 1.85% | KINETIK HOLDINGS INC (KNTK) - 0.18% |
| #24 | UNITY SOFTWARE INC ORDINARY SHARES (U) - 1.70% | US DOLLARS (n/a) - 0.00% |
| #25 | SKYWORKS SOLUTIONS INC (SWKS) - 1.45% | OTHER ASSETS AND LIABILITIES (n/a) - -0.20% |
| Total Holdings | 62 | 26 |
FMET vs TMLP - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FMET
+5.09%
TMLP
+2.68%
3M
FMET
-0.22%
Winner
TMLP
+2.53%
6M
Winner
FMET
+14.20%
TMLP
+10.23%
1Y
FMET
+8.18%
TMLP
N/A
5Y(CAGR)
FMET
+11.58%
TMLP
N/A
Max(CAGR)
FMET
+11.58%
Winner
TMLP
+38.63%
FMET vs TMLP - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | FMET | TMLP |
|---|---|---|
| 2026 | +5.33% | +23.56% |
| 2025 | +22.17% | +0.05% |
| 2024 | +9.02% | N/A |
| 2023 | +40.85% | N/A |
| 2022 | -16.56% | N/A |
FMET vs TMLP Drawdown Comparison
The maximum drawdown for FMET was -29.22%, occurring on Nov 3, 2022. Recovery took 267 trading sessions.
The maximum drawdown for TMLP was -8.55%, occurring on Jun 24, 2026. Recovery took 50 trading sessions.
The current FMET drawdown is -4.48%. The current TMLP drawdown is -0.71%.
| Rank | FMET | TMLP |
|---|---|---|
| #1 | -29.22% May 4, 2022 - May 26, 2023 | -8.55% May 19, 2026 - Jul 31, 2026 |
| #2 | -25.02% Feb 20, 2025 - Jun 12, 2025 | -6.20% Mar 26, 2026 - Apr 30, 2026 |
| #3 | -23.00% Oct 27, 2025 - May 28, 2026 | -2.45% May 4, 2026 - May 12, 2026 |
| #4 | -16.20% Jul 31, 2023 - Dec 13, 2023 | -2.00% Mar 2, 2026 - Mar 19, 2026 |
| #5 | -15.22% Jul 10, 2024 - Feb 10, 2025 | -1.77% Jul 31, 2026 - Aug 10, 2026 |
| #6 | -11.48% Jun 2, 2026 - Jun 25, 2026 | -1.68% Jan 2, 2026 - Jan 12, 2026 |
| #7 | -10.43% Mar 12, 2024 - May 15, 2024 | -1.30% Jan 29, 2026 - Feb 3, 2026 |
| #8 | -5.46% Apr 21, 2022 - May 4, 2022 | -0.76% Aug 12, 2026 - Aug 14, 2026 |
| #9 | -5.17% Dec 28, 2023 - Jan 25, 2024 | -0.71% Aug 18, 2026 - Aug 24, 2026 |
| #10 | -5.02% Feb 15, 2024 - Mar 12, 2024 | -0.63% Apr 30, 2026 - May 4, 2026 |
| #11 | -4.90% Jun 16, 2023 - Jul 12, 2023 | -0.58% Jan 16, 2026 - Jan 22, 2026 |
| #12 | -4.64% Oct 8, 2025 - Oct 27, 2025 | -0.57% Feb 23, 2026 - Feb 27, 2026 |
| #13 | -3.56% Aug 13, 2025 - Sep 8, 2025 | -0.52% Mar 24, 2026 - Mar 26, 2026 |
| #14 | -3.40% Jul 13, 2023 - Jul 31, 2023 | -0.35% Jan 14, 2026 - Jan 16, 2026 |
| #15 | -2.88% May 20, 2024 - Jun 12, 2024 | -0.30% Mar 19, 2026 - Mar 23, 2026 |
Correlation
Correlation between FMET and TMLP is 0.30 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.30
-101
Dividend Comparison (2022 - 2026)
FMET vs TMLP dividend yield comparison.
| Year | FMET | TMLP |
|---|---|---|
| 2026 | 0.32% | 3.57% |
| 2025 | 0.81% | 0.04% |
| 2024 | 0.44% | 0.00% |
| 2023 | 0.40% | 0.00% |
| 2022 | 0.18% | 0.00% |
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