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BWEBvsFMETETF Comparison

ETF 1
BWEB

Bitwise Web3 ETF

This fund is part of
Next Generation Internet
-0.06%
Full BWEB fund page
VS
ETF 2
FMET

Fidelity Metaverse ETF

Full FMET fund page

Bitwise Web3 ETF (BWEB) belongs to the Next Generation Internet segment. Fidelity Metaverse ETF (FMET) is part of the segment. BWEB's top 3 sector exposures are Information Technology, Communication Services and Financials. In contrast, FMET's top sector exposures are Information Technology, Communication Services and Real Estate. BWEB is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.39% for FMET. BWEB is down -3.3% year-to-date (YTD) with - in YTD flows. FMET performs worse with -10.49% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of BWEB and FMET below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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BWEB vs FMET performance and flow charts

Performance

-4.0-2.00.02.04.06.0%Feb 11Feb 19Feb 26Mar 5Mar 12

Cumulative Flows

Feb 11Feb 19Feb 26Mar 5Mar 12

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
BWEB
FMET
+4.74%-3.37%
-10.06%-10.51%
-3.30%-10.49%
+38.30%+14.18%
+164.67%+50.09%
n/an/a
Flows
BWEB
FMET
--
--$3M
--$3M
+$2M+$7M
+$4M+$19M
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
BWEB
FMET
+38.64%+16.95%
+37.07%+22.28%
+34.00%+19.40%
n/an/a
Max drawdown
BWEB
FMET
-21.06%-12.37%
-31.31%-17.58%
-33.28%-24.75%
n/an/a
Max drawdown duration
BWEB
FMET
51d66d
135d137d
194d110d
n/an/a
Trading data

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BWEB
FMET
Last sale
3/13/2026 at 1:30 PM
$66.59
$32.19
Previous close
03/12/2026
$66.74
$32.39
Consolidated volume
03/12/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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BWEB
FMET
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/13/2026 at 1:30 PM
Live
Closed
BWEB
FMET
Last price
$66.59
$32.19
1D performance
-0.23%
-0.63%
AuM$5.75 M$40.30 M
E/R0.85%0.39%
Characteristics
BWEB
FMET
Management strategyPassivePassive
ProviderBitwiseFidelity
BenchmarkBitwise Web3 Equities IndexFidelity Metaverse Index
N° of holdings2943
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
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Inception dateOctober 4, 2022April 19, 2022
ESGNoNo
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Exposure

Countries

BWEB
USA
72.21%
Other
27.79%
FMET
USA
78.81%
Cayman Islands
7.27%
Republic of Korea
7.18%
Other
6.74%

Sectors

BWEB
Information Techn.
29.35%
Communication Ser.
24.97%
Financials
9.25%
Other
36.43%
FMET
Information Techn.
47.47%
Communication Ser.
35.3%
Real Estate
7.58%
Other
9.65%
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Diversification

BWEB

Total weight of top 15 holdings out of 15

56.45%
FMET

Total weight of top 15 holdings out of 15

58.87%

Top 15 holdings

Data as of January 31, 2026
BWEB
META PLATFORMS
8.97%
ROBLOX
6.44%
COINBASE GLOBAL
6.04%
EQUINIX INC COMMON STOCK REIT
5.12%
UNITY SOFTWARE
3.95%
CLOUDFLARE INC
3.82%
ELECTRONIC ARTS
3.44%
TAKE TWO
2.96%
APPLIED BLOCKCHAIN
2.86%
ROBINHOOD MARKETS
2.75%
US7960508882
2.32%
BLOCK INC
2.29%
CIPHER MINING INC
1.88%
EXXON
1.85%
US8740391003
1.77%
FMET
ADVANCED MICRO DEVICES
5.24%
ALPHABET INC-CL
4.75%
NVIDIA
4.68%
META PLATFORMS
4.52%
MICROSOFT-T
4.47%
EQUINIX INC COMMON STOCK REIT
4.28%
ADOBE INC
4.09%
APPLE
4.09%
QUALCOMM
3.92%
MONOLITHIC POWER SYSTEMS
3.74%
DIGITAL REALTY REIT
3.30%
ELECTRONIC ARTS
3.09%
NETEASE INC
2.97%
TAKE TWO
2.95%
ROBLOX
2.79%
Frequently asked questions about BWEB and FMET

How have the BWEB and FMET ETFs performed in 2026?

As of March 11, 2026, BWEB is down -3.3% year-to-date (YTD), while FMET has lost -10.49%. That puts BWEB better performer ahead so far this year.

Which ETF is attracting more investor money: BWEB or FMET?

Year-to-date, the BWEB ETF saw - in flows, compared to -$3M for FMET.

Which ETF is more volatile: BWEB or FMET?

Over the past year, BWEB had a volatility of 37.07%, while FMET experienced 22.28%.

Which ETF is bigger: BWEB or FMET?

As of March 11, 2026, BWEB holds $5.75 M in assets under management (AUM), while FMET manages $40.30 M.

What sectors do the BWEB and FMET ETFs invest in?

BWEB leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, FMET focuses on Information Technology, Communication Services and Real Estate.

What are the top holdings of the BWEB ETF and FMET ETF?

BWEB top holdings include META PLATFORMS, ROBLOX and COINBASE GLOBAL. FMET holds in its top three: ADVANCED MICRO DEVICES, ALPHABET INC-CL and NVIDIA.

Which ETF is more diversified: BWEB or FMET?

BWEB holds 31 securities with 56.45% of its assets in the top 15. FMET has 50 securities and a top 15 weight of 58.87%.

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