Summary
FMET
Prices · period metrics · 12M
NAV as of 20/07/2026
02/04/2025 → 02/04/2026
Return 5.80% 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: 20/07/2026

Current price: $36.81

Expense ratio: 0.39%

Assets under management
$44.0M
0.02% 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

-0.98%

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

3.21%

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

4.51%

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

5.80%

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

21.29%

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

40.71%

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: 21/07/2025 - 20/07/2026.

Methodology: adjusted prices + daily simple return
Average daily return

0.031%

Best day

4.26%

31/03/2026
Worst day

-5.536%

05/06/2026
Days with data

250

Recent price history (last 90 days)

Date Open High Low Close Volume
20/07/2026 $36.80 $36.81 $36.74 $36.81 900
17/07/2026 $36.18 $36.71 $36.18 $36.66 4,700
16/07/2026 $37.35 $37.35 $36.96 $36.96 1,800
15/07/2026 $37.34 $37.48 $37.34 $37.48 1,700
14/07/2026 $37.44 $37.44 $37.07 $37.29 3,400
13/07/2026 $37.60 $37.79 $37.38 $37.44 1,400
10/07/2026 $37.78 $37.84 $37.66 $37.81 1,600
09/07/2026 $37.52 $37.70 $37.52 $37.69 4,000
08/07/2026 $37.08 $37.33 $37.08 $37.33 1,500
07/07/2026 $37.16 $37.16 $37.05 $37.12 1,700