FMET vs VYM
Fidelity Metaverse ETF vs Vanguard High Dividend Yield ETF
Which is better, FMET or VYM?
Large Cap Growth against Large Cap Value.
VYM has a lower expense ratio. FMET led over 3Y and the full window, VYM over 1Y. VYM is less concentrated, with 26.1% 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 | VYM |
|---|---|---|
| Expense Ratio | 0.39% | 0.04%Best |
| AUM | $44M | $81.6B |
| Dividend Yield | 0.49% | 2.22% |
| Holdings | 64 | 613 |
| YTD Return | +9.88% | +10.96%Best |
| 1Y Return | +4.93% | +15.42%Best |
| 3Y Return (annualized) | +19.44%Best | +17.78% |
| 5Y Return (annualized) | - | +12.05% |
| Volatility (annualized) | 21.9% | 13.9%Best |
| Max Drawdown | -29.2% | -15.0%Best |
| $10,000 over 4.4 years | $16,745Best | $15,803 |
| Top 10 Weight | 45.2% | 26.1%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Apr 19, 2022 | Nov 10, 2006 |
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 22, 2026 (4.4 years).
FMET vs VYM 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 VYM Performance
Fidelity Metaverse ETF (FMET) is an ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FMET returned +4.93% while VYM returned +15.42%. Year to date, FMET is up 9.88% versus a gain of 10.96% for VYM.
Over three years, FMET compounded at +19.44% per year against +17.78% for VYM. Across the full 4-year window we track, FMET has the edge at +12.43% annualized vs +10.96%.
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 13.9% for VYM. 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 -15.0% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FMET charges 0.39% per year while VYM charges 0.04%. On a $10,000 position that is $39 vs $4 annually, a gap of $35 per year that compounds over a long holding period. On income, FMET currently yields 0.49% against 2.22% for VYM.
Holdings Overlap
4.7% of FMET's money is in holdings VYM also owns. 0.7% of VYM's money is in holdings FMET also owns.
FMET and VYM share little of their money.
2 positions in common, counted across the 49 positions we hold weights for in FMET and 557 in VYM, against full books of 64 and 613.
What only one of them owns
Our book lists 526 positions for VYM that do not appear in our book for FMET (96.4% of the fund), and 28 for FMET that do not appear in VYM (72.1%).
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.
You are not choosing between two funds in isolation.
Whichever of FMET and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FMET or VYM?
FMET has an expense ratio of 0.39% while VYM charges 0.04%. VYM is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, FMET or VYM?
Over the past year FMET returned +4.93% vs +15.42% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), FMET annualized +12.43% vs +10.96% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMET or VYM?
FMET has been the more volatile fund at 21.9% annualized versus 13.9% for VYM. Worst drawdown: FMET -29.2% vs VYM -15.0%.
Should I hold both FMET and VYM?
FMET and VYM have a monthly-return correlation of 0.55, 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 VYM?
4.7% of FMET's money is in holdings VYM also owns. 0.7% of VYM's is in holdings FMET also owns. They hold 2 positions in common, counted across the 49 positions we hold weights for in FMET and 557 in VYM.
Which pays a higher dividend, FMET or VYM?
FMET yields 0.49% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than FMET?
VYM has a lower expense ratio. FMET led over 3Y and the full window, VYM over 1Y. VYM is less concentrated, with 26.1% 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.