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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 |
|---|---|---|---|
| Advanced Micro Devices Inc AMD | 6.0 % | −79.8 % | 75 |
| Meta Platforms Inc. META | 5.3 % | +10.0 % | 66 |
| Monolithic Power Systems Inc MPWR | 4.6 % | −50.8 % | 72 |
| NVIDIA Corporation NVDA | 4.5 % | −13.1 % | 73 |
| Microsoft Corporation MSFT | 4.5 % | +10.0 % | 66 |
| Qualcomm Incorporated QCOM | 4.5 % | +9.2 % | 84 |
| Alphabet Inc Class A GOOGL | 4.4 % | n/a | n/a |
| Equinix Inc EQIX | 4.4 % | −86.5 % | 49 |
| Apple Inc. AAPL | 4.4 % | +1.6 % | 82 |
| Digital Realty Trust Inc DLR | 3.9 % | −28.5 % | 50 |
| Adobe Systems Incorporated ADBE | 3.6 % | +92.2 % | 94 |
| NetEase Inc 9999 | 3.1 % | n/a | n/a |
| Roblox Corp RBLX | 2.9 % | −8.6 % | 40 |
| Take-Two Interactive Software Inc TTWO | 2.8 % | −62.4 % | 54 |
| PTC Inc PTC | 2.8 % | +10.3 % | 79 |
| Super Micro Computer Inc SMCI | 2.7 % | −2.0 % | 38 |
| CoreWeave, Inc. Class A Common Stock CRWV | 2.7 % | −36.3 % | 14 |
| Baidu Inc 9888 | 2.4 % | n/a | n/a |
| Reddit, Inc. RDDT | 2.2 % | −15.4 % | 77 |
| Unity Software Inc U | 2.2 % | −61.6 % | 57 |
| Skyworks Solutions Inc SWKS | 2.0 % | +46.3 % | 74 |
| Pinterest Inc PINS | 1.6 % | +19.3 % | 73 |
| Snap Inc SNAP | 1.4 % | +0.2 % | 55 |
| Cirrus Logic Inc CRUS | 1.4 % | +9.6 % | 86 |
| Bentley Systems Inc BSY | 1.3 % | +9.7 % | 74 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 48 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 +76.9 % below FV
- 2 MCHI iShares MSCI China ETF +41.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +37.1 % below FV
- 4 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.2 % below FV
- 5 VOX Vanguard Communication Services Index Fund ETF Shares +21.5 % below FV
- 6 XLC Communication Services Select Sector SPDR® Fund +20.6 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.1 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +15.2 % below FV
- 9 SHRY First Trust Bloomberg Shareholder Yield ETF +14.6 % below FV
- 10 TAN Invesco Solar ETF +14.5 % 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: Oct 15, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.