FMETvsARVRETF Comparison
ETF 1
FMET
Fidelity Metaverse ETF
VS
ETF 2
ARVR
First Trust Indxx Metaverse ETF
Fidelity Metaverse ETF (FMET) and First Trust Indxx Metaverse ETF (ARVR) belong to the same industry segment: . FMET's top 3 sector exposures are Technology, Finance and Industrials. In contrast, ARVR's top sector exposures are Technology and Healthcare. FMET is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.7% for ARVR. FMET is up 6.67% year-to-date (YTD) with -$9M in YTD flows. ARVR performs better with 16.65% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of FMET and ARVR 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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FMET vs ARVR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMET ARVR | -1.01%-0.54% | +3.51%+6.78% | +6.67%+16.65% | -1.78%+10.49% | +70.27%+105.23% | n/an/a |
| Flows | FMET ARVR | -+$49K | -$4M+$3M | -$9M+$3M | -$7M+$5M | +$11M+$5M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMET ARVR | +17.44%+16.33% | +19.69%+21.09% | +20.18%+20.60% | n/an/a |
| Max drawdown | FMET ARVR | -4.80%-3.80% | -22.77%-17.37% | -24.75%-21.31% | n/an/a |
| Max drawdown duration | FMET ARVR | 20d34d | 212d184d | 110d81d | n/an/a |
Trading data
FMET | ARVR | |
Last sale 10/27/2026 at 1:30 PM | $38.50 | $57.64 |
| Previous close 10/26/2026 | $38.20 | $57.14 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FMET | ARVR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
FMET | ARVR | |
|---|---|---|
| Last price | $38.50 | $57.64 |
| 1D performance | +0.78% | +0.88% |
| AuM | $41.99 M | $8.51 M |
| E/R | 0.39% | 0.7% |
Characteristics
FMET | ARVR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | First Trust |
| Benchmark | Fidelity Metaverse Index | Indxx Metaverse Index |
| N° of holdings | 49 | 40 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 19, 2022 | April 19, 2022 |
| ESG | No | No |
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Exposure
Countries
FMET
USA
75.79%
China
9.17%
Other
15.04%
ARVR
USA
57.86%
Japan
19.32%
China
10.53%
Other
12.29%
Sectors
FMET
Technology
89.44%
Finance
8.21%
Other
2.35%
ARVR
Technology
97.64%
Other
2.36%
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Diversification
FMET
Total weight of top 15 holdings out of 15
59.88%
ARVR
Total weight of top 15 holdings out of 15
52.41%
Top 15 holdings
Data as of August 31, 2026
FMET
Microsoft Corp.
5.74%
Adobe, Inc.
5.39%
Apple, Inc.
4.93%
NVIDIA Corp.
4.75%
Equinix, Inc.
4.59%
Alphabet, Inc.
4.47%
Meta Platforms, Inc.
4.43%
Advanced Micro Devices, Inc.
4.24%
Digital Realty Trust, Inc.
3.62%
Monolithic Power Systems, Inc.
3.25%
QUALCOMM, Inc.
3.25%
Take-Two Interactive Software, Inc.
3.24%
NetEase, Inc.
3.17%
Unity Software, Inc.
2.47%
PTC, Inc.
2.35%
ARVR
NEXON Co., Ltd.
4.41%
Unity Software, Inc.
4.10%
Microsoft Corp.
4.02%
Nintendo Co., Ltd.
3.97%
Adobe, Inc.
3.96%
Sony Group Corp.
3.71%
Xiaomi Corp.
3.39%
NVIDIA Corp.
3.31%
Netflix, Inc.
3.30%
Zoom Communications, Inc.
3.26%
Apple, Inc.
3.17%
Amphenol Corp.
3.10%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.92%
Micron Technology, Inc.
2.90%
Synopsys, Inc.
2.89%
Frequently asked questions about FMET and ARVR
How have the FMET and ARVR ETFs performed in 2026?
As of October 26, 2026, FMET is up 6.67% year-to-date (YTD), while ARVR has returned 16.65%. That puts ARVR better performer ahead so far this year.
Which ETF is attracting more investor money: FMET or ARVR?
Year-to-date, the FMET ETF saw -$9M in flows, compared to +$3M for ARVR.
Which ETF is more volatile: FMET or ARVR?
Over the past year, FMET had a volatility of 19.69%, while ARVR experienced 21.09%.
Which ETF is bigger: FMET or ARVR?
As of October 26, 2026, FMET holds $41.99 M in assets under management (AUM), while ARVR manages $8.51 M.
What sectors do the FMET and ARVR ETFs invest in?
FMET leans toward sectors like Technology and Finance. Meanwhile, ARVR focuses on Technology.
What are the top holdings of the FMET ETF and ARVR ETF?
FMET top holdings include Microsoft Corp., Adobe, Inc. and Apple, Inc.. ARVR holds in its top three: NEXON Co., Ltd., Unity Software, Inc. and Microsoft Corp..
Which ETF is more diversified: FMET or ARVR?
FMET holds 49 securities with 59.88% of its assets in the top 15. ARVR has 40 securities and a top 15 weight of 52.41%.
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