Fidelity Metaverse ETF (FMET) is a communication-services ETF. As of October 9, 2026, ETF Copilot scores FMET 5.5 out of 10 — highest on Value (8.7), lowest on Risk (3.0). It trades at 23.6 times earnings, against its own median of 26.3. Its ten largest holdings are 45% of the fund.
What stands out in FMET's data
A focused strategy tied to the metaverse theme, built on a core index.
Priced above the typical communications fund — you pay a premium for the theme.
Trailing P/E multiple of 23.6x sits above the category median of 18.5x. Return on invested capital of 22.2% lands near the peer average.
A niche sleeve for portfolios that want targeted exposure to the metaverse.
Why did FMET move this week? It rose 1.0% in the week to October 9, 2026 — PTC and Roblox drove it
FMET rose 1.0% in the week to October 9, 2026. The holdings that moved it most were PTC (+35.0%), Roblox (+9.0%) and Reddit (+8.1%); Advanced Micro Devices (−4.1%) pushed the other way.
How is FMET rated? ETF Copilot scores Fidelity Metaverse ETF (FMET) 5.5 out of 10
As of October 9, 2026, ETF Copilot scores Fidelity Metaverse ETF (FMET) 5.5 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.5 / 10
- Growth: 6.1 / 10
- Value: 8.7 / 10
- Risk: 3.0 / 10
- Quality: 6.6 / 10
- Return: 3.6 / 10
Is FMET expensive right now? It trades at 23.6 times earnings, against its own median of 26.3
As of October 9, 2026, FMET is cheaper than 78% of its own last 4 years.
Trailing 12 months, built from FMET's holdings. How we calculate this →
What's inside FMET? 74% Tech
What's inside FMET: Size (Large 64%, Mid 24%, Small 11%); Geography (International 19%, US 81%); Tech 73.9%; Magnificent 7 22.6%; AI 24.6%; Semiconductors 22.7%; Memory 11.5%.
What are FMET's top holdings? The ten largest are 45% of the fund
Advanced Micro Devices, Facebook, Microsoft, Nvidia, Qualcomm, Monolithic Power SYS, Alphabet, Apple, Equinix and Digital Realty Trust are FMET's largest holdings, in that order.
Less concentrated than 91% of Communications ETFs.
Half of FMET's weight sits in its 12 largest positions, and once those weights are taken into account it behaves like 32 equally weighted holdings.
What is FMET's expense ratio? 0.39% a year
As of October 9, 2026, FMET charges 0.39% a year, yields 0.66% and holds $43M in assets across 53 positions.
| Measure | FMET |
|---|---|
| Expense ratio | 0.39% |
| Dividend yield | 0.66% |
| Assets under management | $43M |
| Holdings | 53 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Fidelity Metaverse ETF (FMET) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fmet
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