Summary
FMET
Prices · period metrics · 12M
NAV as of 03/06/2026
02/04/2025 → 02/04/2026
Return 28.36% Volatility 24.21% Sharpe 0.37
Official loaded data — not a live quote.

Fidelity Metaverse ETF

Symbol: FMET

Exchange: NASDAQ

Sector: Technology

Category: Communications

Inception date: 19/04/2022

Latest date: 03/06/2026

Current price: $39.99

Expense ratio: 0.39%

Assets under management
$45.4M
-0.10% daily change

Period performance

Adjusted cumulative ETF performance, normalized to the first available adjusted price in the selected period.

Adjusted return
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Performance metrics

Period total return

9.33%

Ann. -39.28% (Sharpe / Sortino numerator)

Volatility

25.09%

Sharpe ratio

-1.710

VaR 95%

-2.49%

CVaR 95%: -2.69%
Max drawdown: -9.10%
Sortino ratio: -3.499
Calmar ratio: -4.32

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

22.11%

Ann. -43.64% (Sharpe / Sortino numerator)

Volatility

21.93%

Sharpe ratio

-2.155

VaR 95%

-2.64%

CVaR 95%: -2.74%
Max drawdown: -18.04%
Sortino ratio: -3.514
Calmar ratio: -2.42

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

10.77%

Ann. -30.73% (Sharpe / Sortino numerator)

Volatility

21.22%

Sharpe ratio

-1.620

VaR 95%

-2.60%

CVaR 95%: -2.94%
Max drawdown: -23.13%
Sortino ratio: -2.291
Calmar ratio: -1.33

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

28.36%

Ann. 12.69% (Sharpe / Sortino numerator)

Volatility

24.21%

Sharpe ratio

0.374

VaR 95%

-2.54%

CVaR 95%: -3.41%
Max drawdown: -23.13%
Sortino ratio: 0.518
Calmar ratio: 0.55

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

38.33%

Ann. 5.22% (Sharpe / Sortino numerator)

Volatility

22.61%

Sharpe ratio

0.070

VaR 95%

-2.53%

CVaR 95%: -3.25%
Max drawdown: -25.02%
Sortino ratio: 0.097
Calmar ratio: 0.21

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

60.94%

Ann. 10.78% (Sharpe / Sortino numerator)

Volatility

21.63%

Sharpe ratio

0.331

VaR 95%

-2.20%

CVaR 95%: -3.03%
Max drawdown: -25.02%
Sortino ratio: 0.480
Calmar ratio: 0.43

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Daily returns for period 12M

Daily simple returns from the same adjusted closes used by the performance chart: 03/06/2025 - 03/06/2026.

Methodology: adjusted prices + daily simple return
Average daily return

0.107%

Best day

4.26%

31/03/2026
Worst day

-4.286%

10/10/2025
Days with data

251

Recent price history (last 90 days)

Date Open High Low Close Volume
03/06/2026 $40.03 $40.03 $39.79 $39.99 1,600
02/06/2026 $40.04 $40.21 $40.04 $40.14 1,100
01/06/2026 $39.67 $40.25 $39.66 $40.06 6,600
29/05/2026 $39.66 $39.81 $39.41 $39.60 7,900
28/05/2026 $38.68 $39.41 $38.68 $39.41 4,600
27/05/2026 $38.95 $38.95 $38.50 $38.69 5,900
26/05/2026 $38.73 $39.18 $38.73 $39.09 8,600
22/05/2026 $38.06 $38.55 $38.06 $38.42 2,400
21/05/2026 $37.55 $37.78 $37.36 $37.78 3,100
20/05/2026 $37.02 $37.67 $37.02 $37.67 2,200