FMET Fidelity Covington Trust Fidelity Metaverse ETF

Last close: 36.96
504-day return: +27.23%
Median $/day: $172k
Relationships shown: 14
Leader rank: #299

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

Same exposure: FMED move almost identically to FMET (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.

FMET vs GGME

Both indexed to 100 at 2026-05-11.

FMET GGME · range 92–113 · 2026-05-11 → 2026-11-06

Follows FMET

These tend to repeat FMET's moves later.

EP Empire Petroleum Corporation

lag 1dρ -0.20holdout -0.17stable 88%$/day $129krobust

MAMA Mama's Creations, Inc. Common Stock

lag 1dρ -0.21holdout -0.23stable 75%$/day $3.6Mrobust

Moves with FMET

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

GGME Invesco Next Gen Media and Gaming ETF

ρ +0.91beyond mkt +0.61holdout +0.93stable 100%robust

METV Roundhill Metaverse ETF

ρ +0.87beyond mkt +0.43holdout +0.88stable 100%robust

SOCL Global X Funds Global X Social Media ETF

ρ +0.76beyond mkt +0.41holdout +0.77stable 100%robust

HERO Global X Funds Global X Video Games & Esports ETF

ρ +0.64beyond mkt +0.39holdout +0.60stable 100%robust

AMD Advanced Micro Devices, Inc. Common Stock

ρ +0.68beyond mkt +0.39holdout +0.65stable 100%robust

ESPO VanEck Video Gaming and eSports ETF

ρ +0.70beyond mkt +0.38holdout +0.64stable 100%robust

Moves against FMET

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.56beyond mkt +0.07holdout -0.42stable 100%robust

ED Consolidated Edison, Inc.

ρ -0.34beyond mkt +0.06holdout -0.40stable 100%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.65beyond mkt +0.06holdout -0.53stable 100%robust

CAOS Alpha Architect Tail Risk ETF

ρ -0.30beyond mkt -0.02holdout -0.25stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.55beyond mkt +0.02holdout -0.43stable 100%robust

BTAL AGF U.S. Market Neutral Anti-Beta Fund

ρ -0.69beyond mkt +0.01holdout -0.67stable 100%robust

Changed this quarter

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

TPR Tapestry, Inc. Common Stock

Δ -0.59recent -0.13prior +0.46beyond mkt +0.06

BZ KANZHUN LIMITED American Depository Shares

Δ -0.58recent -0.18prior +0.40beyond mkt +0.15

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.56recent -0.14prior +0.43beyond mkt -0.07

FIAX Nicholas Fixed Income Alternative ETF

Δ -0.56recent -0.04prior +0.52beyond mkt +0.03

IDXX IDEXX Laboratories, Inc. Common Stock

Δ -0.49recent -0.09prior +0.40beyond mkt -0.00

HARD Simplify Commodities Strategy No K-1 ETF

Δ -0.48recent -0.44prior +0.03beyond mkt -0.04

Hidden links

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
METV Roundhill Metaverse ETF	+0.43	+0.87	0
GGME Invesco Next Gen Media and Gaming ETF	+0.61	+0.91	10
SOCL Global X Funds Global X Social Media ETF	+0.41	+0.76	5
HERO Global X Funds Global X Video Games & Esports ETF	+0.39	+0.64	9
ESPO VanEck Video Gaming and eSports ETF	+0.38	+0.70	9
AMD Advanced Micro Devices, Inc. Common Stock	+0.39	+0.68	10