FMET vs IVV
Fidelity Metaverse ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FMET | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $44M | $886.7B | |
| Dividend Yield | 0.51% | 1.10% | |
| Holdings | 64 | 508 | |
| YTD Return | +4.95% | +12.13% | |
| 1Y Return | +8.29% | +20.37% | |
| 3Y Return (annualized) | +15.19% | +20.91% | |
| 5Y Return (annualized) | - | +12.59% | |
| Volatility (annualized) | 21.9% | 15.1% | |
| Max Drawdown | -29.2% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Apr 19, 2022 | May 15, 2000 |
FMET vs IVV Performance
Fidelity Metaverse ETF (FMET) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FMET returned +8.29% while IVV returned +20.37%. Year to date, FMET is up 4.95% versus a gain of 12.13% for IVV.
Over three years, FMET compounded at +15.19% per year against +20.91% for IVV. Across the full 4-year window we track, FMET has the edge at +11.43% annualized vs +6.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMET has been the more volatile fund, with annualized monthly volatility of 21.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -29.2% for FMET and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMET charges 0.39% per year while IVV charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, FMET currently yields 0.51% against 1.10% for IVV.
Holdings Overlap
FMET and IVV share 15 holdings out of 539 unique holdings combined, representing a 21.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FMET or IVV?
FMET has an expense ratio of 0.39% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, FMET or IVV?
Over the past year FMET returned +8.29% vs +20.37% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), FMET annualized +11.43% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, FMET or IVV?
FMET has been the more volatile fund at 21.9% annualized versus 15.1% for IVV. Worst drawdown: FMET -29.2% vs IVV -56.5%.
Should I hold both FMET and IVV?
FMET and IVV have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMET and IVV?
FMET and IVV share 15 common holdings with a 21.7% weight overlap. Combined, they hold 539 unique securities.
Which pays a higher dividend, FMET or IVV?
FMET yields 0.51% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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