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FMETvsBWEBETF Comparison

ETF 1
FMET

Fidelity Metaverse ETF

This fund is part of
US Large Cap
+0.29%
Full FMET fund page
VS
ETF 2
BWEB

Bitwise Web3 ETF

This fund is part of
Next Generation Internet
+0.1%
Full BWEB fund page

Fidelity Metaverse ETF (FMET) belongs to the US Large Cap segment. Bitwise Web3 ETF (BWEB) is part of the Next Generation Internet segment. FMET's top 3 sector exposures are Information Technology, Communication Services and Real Estate. In contrast, BWEB's top sector exposures are Information Technology, Communication Services and Financials. FMET is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.85% for BWEB. FMET is down -9.88% year-to-date (YTD) with -$3M in YTD flows. BWEB performs better with -2.87% YTD performance, and - in YTD flows. Run a side-by-side ETF comparison of FMET and BWEB 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 BWEB performance and flow charts

Performance

-2.00.02.04.06.08.0%Feb 17Feb 24Mar 3Mar 10Mar 17

Cumulative Flows

Feb 17Feb 24Mar 3Mar 10Mar 17

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Historic performance and flows
Data as of 03/17/2026
1M3MYTD1Y3Y5Y
Perf.
FMET
BWEB
-2.18%+6.81%
-8.22%-4.15%
-9.88%-2.87%
+11.24%+35.86%
+45.72%+148.17%
n/an/a
Flows
FMET
BWEB
--
-$3M-
-$3M-
+$7M+$2M
+$19M+$4M
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
FMET
BWEB
+16.89%+38.11%
+22.17%+36.96%
+19.39%+33.97%
n/an/a
Max drawdown
FMET
BWEB
-12.37%-21.06%
-17.58%-31.31%
-24.75%-33.28%
n/an/a
Max drawdown duration
FMET
BWEB
70d56d
141d140d
110d194d
n/an/a
Trading data

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FMET
BWEB
Last sale
3/18/2026 at 1:30 PM
$32.20
$68.11
Previous close
03/17/2026
$32.57
$69.05
Consolidated volume
03/17/2026
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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FMET
BWEB
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/18/2026 at 1:30 PM
Live
Closed
FMET
BWEB
Last price
$32.20
$68.11
1D performance
-1.14%
-1.37%
AuM$40.57 M$5.77 M
E/R0.39%0.85%
Characteristics
FMET
BWEB
Management strategyPassivePassive
ProviderFidelityBitwise
BenchmarkFidelity Metaverse IndexBitwise Web3 Equities Index
N° of holdings4329
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
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Inception dateApril 19, 2022October 4, 2022
ESGNoNo
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Exposure

Countries

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

Sectors

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

FMET

Total weight of top 15 holdings out of 15

58.87%
BWEB

Total weight of top 15 holdings out of 15

56.45%

Top 15 holdings

Data as of January 31, 2026
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%
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%
Frequently asked questions about FMET and BWEB

How have the FMET and BWEB ETFs performed in 2026?

As of March 17, 2026, FMET is down -9.88% year-to-date (YTD), while BWEB has lost -2.87%. That puts BWEB better performer ahead so far this year.

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

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

Which ETF is more volatile: FMET or BWEB?

Over the past year, FMET had a volatility of 22.17%, while BWEB experienced 36.96%.

Which ETF is bigger: FMET or BWEB?

As of March 17, 2026, FMET holds $40.57 M in assets under management (AUM), while BWEB manages $5.77 M.

What sectors do the FMET and BWEB ETFs invest in?

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

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

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

Which ETF is more diversified: FMET or BWEB?

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

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