Fidelity Metaverse ETF (FMET) Performance
FMET total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +6.4% since Dec 31, 2025
- 1 year
- +1.1% total return
- 3 years
- +18.4% a year
- Since first price
- +11.3% a year since 2022
FMET trailing returns vs SPY, QQQ, AGG
| Period | FMET total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.3% | −3.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.6% | +5.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.8% | +8.3% | +7.8% | +8.4% | −1.5% |
| YTD | +6.4% | +5.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +1.1% | +0.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +66.1%+18.4%/yr | +62.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionApr 21, 2022 | +62.0%+11.3%/yr | +57.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FMET vs SPY
From Apr 21, 2022: FMET grew to $16,199, SPY to $18,426.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FMET returns by calendar year
3 of 3 full years positive. Best 2023 (+39.2%), worst 2024 (+6.8%). 2026 is year to date.
FMET annual returns table
| Year | FMET | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +6.4% | −17.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +21.9% | −25.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +6.8% | −15.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +39.2% | −16.2% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FMET largest drawdowns
Now 4.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 4, 2022 | −29.2% | Nov 3, 2022 | May 26, 2023 | 6 months | 1.1 years |
| Feb 20, 2025 | −25.0% | Apr 8, 2025 | Jun 12, 2025 | 47 days | 4 months |
| Oct 27, 2025 | −23.0% | Mar 30, 2026 | May 28, 2026 | 5 months | 7 months |
| Jul 31, 2023 | −16.2% | Oct 26, 2023 | Dec 13, 2023 | 3 months | 4 months |
| Jul 10, 2024 | −15.2% | Aug 7, 2024 | Feb 10, 2025 | 28 days | 7 months |
| Jun 2, 2026 | −11.5% | Jun 25, 2026 | Oct 6, 2026 | 23 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FMET risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +18.2% | +12.6% |
| Volatility (annualized) | 19.6% | 21.9% |
| Sharpe ratio | 0.73 | 0.47 |
| Sortino ratio | 1.40 | 0.76 |
| Best month | +16.3% | +16.3% |
| Worst month | −8.0% | −15.1% |
| Best 12 months | +31.3% | +39.2% |
| Worst 12 months | −3.9% | −3.9% |
| Positive months | 61% | 58% |
| Beta vs S&P 500 | 1.42 | — |
| Correlation with S&P 500 | 0.90 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FMET rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 43 | −3.9% | +18.1% | +39.2% | 95% |
| 3-year (a year) | 19 | +6.5% | +16.9% | +29.9% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
FMET performance overview
Fidelity Metaverse ETF (FMET) returned +1.1% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +11.3% a year, turning $10,000 into about $16,199. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −29.2%, from May 4, 2022 to Nov 3, 2022, and it took 7 months to get back to the old high. FMET finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+39.2%) and the worst 2024 (+6.8%). Volatility has been 21.9% a year.
Related: FMET chart, FMET holdings, FMET dividends, FMET valuation. See the FMET overview for the latest quote and fund facts.
FMET performance FAQ
What is the FMET return over the past year?
FMET returned +1.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 0.4%.
How much would $10,000 invested in FMET be worth?
$10,000 invested in FMET at its first recorded close on April 21, 2022 would be worth about $16,199 on October 23, 2026 with distributions reinvested.
What was the worst year for FMET?
The worst calendar year was 2024, with a total return of +6.8%. The best was 2023 at +39.2%.
What is the biggest drawdown of FMET?
The largest peak-to-trough decline was −29.2% between May 4, 2022 and November 3, 2022. It recovered to the old high on May 26, 2023, 7 months after the bottom.
How volatile is FMET?
Over the past 3 years FMET had an annualized volatility of 19.6% and a Sharpe ratio of 0.73 (excess return over 1–3 month T-bills per unit of risk).