Fidelity Metaverse Etf Profile
| FMET Etf | USD 30.76 0.36 1.18% |
Performance9 of 100
| Odds Of DistressLess than 9
|
Fidelity Metaverse is selling for under 30.76 as of the 30th of November 2024; that is 1.18 percent increase since the beginning of the trading day. The etf's last reported lowest price was 30.51. Fidelity Metaverse has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Fidelity Metaverse ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund normally invests at least 80 percent of assets in securities included in the index and in depositary receipts representing securities included in the index. Fidelity Metaverse is traded on NASDAQ Exchange in the United States. More on Fidelity Metaverse ETF
Moving together with Fidelity Etf
| 0.74 | XLC | Communication Services | PairCorr |
| 0.8 | VOX | Vanguard Communication | PairCorr |
| 0.75 | FCOM | Fidelity MSCI Commun | PairCorr |
| 0.77 | IYZ | IShares Telecommunicatio | PairCorr |
| 0.74 | ESPO | VanEck Video Gaming | PairCorr |
| 0.88 | IXP | iShares Global Comm | PairCorr |
Moving against Fidelity Etf
Fidelity Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Communications, Fidelity Investments (View all Sectors) |
| Issuer | Fidelity |
| Inception Date | 2022-04-21 |
| Benchmark | Fidelity Metaverse Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 31.94 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Fidelity Management & Research Company LLC |
| Advisor | Fidelity Management & Research Company LLC |
| Custodian | State Street Bank and Trust Company |
| Distributor | Fidelity Distributors Company LLC |
| Portfolio Manager | Louis Bottari, Peter Matthew, Robert Regan, Payal Gupta, Navid Sohrabi |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Jun |
| Exchange | NASDAQ |
| Number of Constituents | 62.0 |
| Market Maker | Citadel |
| Total Expense | 0.39 |
| Management Fee | 0.39 |
| Country Name | USA |
| Returns Y T D | 9.77 |
| Name | Fidelity Metaverse ETF |
| Currency Code | USD |
| Open Figi | BBG016VBYBR5 |
| 1y Volatility | 17.47 |
| 200 Day M A | 29.437 |
| 50 Day M A | 30.0357 |
| Code | FMET |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| Type | ETF |
Fidelity Metaverse ETF [FMET] is traded in USA and was established 2022-04-19. The fund is listed under Communications category and is part of Fidelity Investments family. The entity is thematically classified as Strategy ETFs. Fidelity Metaverse ETF currently have 10.99 M in assets under management (AUM). , while the total return for the last year was 15.4%.
Check Fidelity Metaverse Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Fidelity Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Fidelity Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Fidelity Metaverse ETF Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Fidelity Metaverse ETF Currency Exposure
Fidelity Metaverse ETF holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Fidelity Metaverse will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Fidelity Metaverse ETF.
Top Fidelity Metaverse ETF Etf Constituents
| ADSK | Autodesk | Stock | Information Technology | |
| INTC | Intel | Stock | Information Technology | |
| DAVA | Endava | Stock | Information Technology | |
| 251270 | Netmarble Games Corp | Stock | Communication Services | |
| UBI | Ubisoft Entertainment | Stock | Electronic Gaming & Multimedia | |
| 036570 | NCsoft Corp | Stock | Communication Services | |
| GOOGL | Alphabet Inc Class A | Stock | Communication Services | |
| META | Meta Platforms | Stock | Communication Services |
Fidelity Metaverse ETF Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fidelity Metaverse. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0619 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.04) |
Fidelity Metaverse Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Metaverse ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
The market value of Fidelity Metaverse ETF is measured differently than its book value, which is the value of Fidelity that is recorded on the company's balance sheet. Investors also form their own opinion of Fidelity Metaverse's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Metaverse's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fidelity Metaverse's market value can be influenced by many factors that don't directly affect Fidelity Metaverse's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fidelity Metaverse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Metaverse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Metaverse's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.