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Fidelity Metaverse (FMET)Overvalued or undervalued?
Look-through valuation · Theme · Expense ratio 0.39 % · ISIN US3160921884
Price history (since 2022)
Monthly close since 2022. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Microsoft Corporation MSFT | 5.7 % | −23.3 % | 66 |
| Adobe Systems Incorporated ADBE | 5.3 % | +62.3 % | 94 |
| Apple Inc. AAPL | 5.1 % | −47.0 % | 82 |
| NVIDIA Corporation NVDA | 4.8 % | −55.9 % | 74 |
| Equinix Inc EQIX | 4.6 % | −80.4 % | 48 |
| Meta Platforms Inc. META | 4.5 % | −9.8 % | 68 |
| Alphabet Inc Class A GOOGL | 4.4 % | n/a | n/a |
| Advanced Micro Devices Inc AMD | 4.3 % | −88.0 % | 75 |
| Digital Realty Trust Inc DLR | 3.6 % | −67.3 % | 47 |
| Qualcomm Incorporated QCOM | 3.3 % | −13.4 % | 84 |
| Monolithic Power Systems Inc MPWR | 3.1 % | −74.7 % | 74 |
| NetEase Inc 9999 | 3.1 % | n/a | n/a |
| Take-Two Interactive Software Inc TTWO | 3.0 % | −72.1 % | 54 |
| Roblox Corp RBLX | 2.5 % | −48.6 % | 39 |
| Unity Software Inc U | 2.4 % | −98.0 % | 51 |
| PTC Inc PTC | 2.3 % | +2.9 % | 76 |
| Dassault Systemes SE DASTF | 2.2 % | n/a | n/a |
| Naver Corporation 035420 | 2.2 % | +11.6 % | 64 |
| Baidu Inc 9888 | 2.1 % | +3.4 % | 40 |
| Nexon Co Ltd 3659 | 2.0 % | n/a | n/a |
| CoreWeave, Inc. Class A Common Stock CRWV | 1.9 % | −11.3 % | 19 |
| Reddit, Inc. RDDT | 1.9 % | −78.7 % | 71 |
| Super Micro Computer Inc SMCI | 1.9 % | +0.2 % | 50 |
| Pinterest Inc PINS | 1.9 % | −32.2 % | 70 |
| EPAM Systems Inc EPAM | 1.6 % | +72.7 % | 73 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 49 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +65.2 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF +56.4 % below FV
- 3 FXI iShares China Large-Cap ETF +52.9 % below FV
- 4 KWEB KraneShares CSI China Internet ETF +44.4 % below FV
- 5 FLCH Franklin FTSE China ETF +38.3 % below FV
- 6 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +29.9 % below FV
- 7 MCHI iShares MSCI China ETF +28.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF +18.6 % below FV
- 9 TAN Invesco Solar ETF +17.9 % below FV
- 10 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +8.4 % below FV
Frequently asked about FMET
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How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Fidelity® Metaverse ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 4, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.