FMET vs VOO
Fidelity Metaverse ETF vs Vanguard S&P 500 ETF
Which is better, FMET or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 45.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FMET | VOO |
|---|---|---|
| Expense Ratio | 0.39% | 0.03%Best |
| AUM | $44M | $997.4B |
| Dividend Yield | 0.49% | 1.04% |
| Holdings | 64 | 509 |
| YTD Return | +8.58% | +13.31%Best |
| 1Y Return | +4.76% | +17.07%Best |
| 3Y Return (annualized) | +18.95% | +22.72%Best |
| 5Y Return (annualized) | - | +13.19% |
| Volatility (annualized) | 21.9% | 15.1%Best |
| Max Drawdown | -29.2% | -18.7%Best |
| $10,000 over 4.4 years | $16,543 | $18,609Best |
| Top 10 Weight | 45.2% | 37.6%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Apr 19, 2022 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Apr 21, 2022 to Sep 23, 2026 (4.4 years).
FMET vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.4 years both funds cover.
FMET vs VOO Performance
Fidelity Metaverse ETF (FMET) is an ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year FMET returned +4.76% while VOO returned +17.07%. Year to date, FMET is up 8.58% versus a gain of 13.31% for VOO.
Over three years, FMET compounded at +18.95% per year against +22.72% for VOO. Across the full 4-year window we track, VOO has the edge at +15.16% annualized vs +12.12%.
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 VOO. 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 -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMET charges 0.39% per year while VOO 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 0.49% against 1.04% for VOO.
Holdings Overlap
54.2% of FMET's money is in holdings VOO also owns. 27.1% of VOO's money is in holdings FMET also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 49 positions we hold weights for in FMET and 494 in VOO, against full books of 64 and 509.
What only one of them owns
Our book lists 473 positions for VOO that do not appear in our book for FMET (72.0% of the fund), and 16 for FMET that do not appear in VOO (22.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FMET | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.75% | 7.55% | 2.80% |
| AAPLApple, Inc | 4.90% | 7.05% | 2.15% |
| MSFTMicrosoft Corp | 5.72% | 5.36% | 0.36% |
| GOOGLAlphabet Inc,class A | 4.44% | 3.24% | 1.20% |
| METAMeta Platforms Inc | 4.39% | 1.90% | 2.49% |
| ADBEAdobe Systems | 5.36% | 0.16% | 5.20% |
| AMDAdvanced Micro Devices Inc | 4.25% | 1.21% | 3.04% |
| EQIXEquinix Inc. Real Estate Investment Trust | 4.57% | 0.16% | 4.41% |
| DLRDigital Realty Trust Inc. | 3.62% | 0.10% | 3.52% |
| QCOMQualcomm Inc. | 3.23% | 0.24% | 2.99% |
54.2% of FMET is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FMET or VOO?
FMET has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, FMET or VOO?
Over the past year FMET returned +4.76% vs +17.07% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), FMET annualized +12.12% vs +15.16% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMET or VOO?
FMET has been the more volatile fund at 21.9% annualized versus 15.1% for VOO. Worst drawdown: FMET -29.2% vs VOO -18.7%.
Should I hold both FMET and VOO?
FMET and VOO have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FMET and VOO?
54.2% of FMET's money is in holdings VOO also owns. 27.1% of VOO's is in holdings FMET also owns. They hold 14 positions in common, counted across the 49 positions we hold weights for in FMET and 494 in VOO.
Which pays a higher dividend, FMET or VOO?
FMET yields 0.49% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than FMET?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 45.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.