FMETETF / FundFidelity Metaverse ETF
Verdicts genuinely change. Free email alert the moment FMET's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Fidelity Metaverse ETF ETF · Fidelity Covington Trust
53 holdings · as of 2026-06-30 (4.0 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 104% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 17.29% of portfolio weight is in non-compliant holdings, over the 5% threshold.
53 holdings, 42 matched (83% of weight). Portfolio as of 2026-06-30, filed 2026-08-24. Source: SEC Form N-PORT.
1.34% of this portfolio’s income is non-permissible — weighted across holdings, computed over 76% of portfolio weight (38 of 53 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
49.3% compliant 16.8% questionable 16.7% non-compliant 17.1% unscreened
All holdings (53)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| AMD ADVANCED MICRO DEVICES INC | COMPLIANT | 5.41% | AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8% |
| GOOG ALPHABET INC | QUESTIONABLE | 4.68% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| EQIX EQUINIX INC | COMPLIANT | 4.66% | AAOIFI20.7% Usmani57.3% Dow Jones Islamic24.8% S&P Shariah26.3% MSCI Islamic51.7% MSCI Islamic M-Series26.3% FTSE Shariah48.4% |
| AAPL APPLE INC | COMPLIANT | 4.53% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| NVDA NVIDIA CORP | COMPLIANT | 4.46% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| META META PLATFORMS INC | QUESTIONABLE | 4.37% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| MSFT MICROSOFT CORP | QUESTIONABLE | 4.25% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| Fidelity Revere Street Trust | UNSCREENED | 3.87% | no in-house ratios for this holding |
| ADBE ADOBE INC | COMPLIANT | 3.85% | AAOIFI4.5% Usmani22.6% Dow Jones Islamic4.6% S&P Shariah3.8% MSCI Islamic22.6% MSCI Islamic M-Series3.8% FTSE Shariah21.2% |
| QCOM QUALCOMM INC | COMPLIANT | 3.71% | AAOIFI8.3% Usmani25.7% Dow Jones Islamic8.6% S&P Shariah8.7% MSCI Islamic25.7% MSCI Islamic M-Series8.7% FTSE Shariah25.7% |
| DLR DIGITAL REALTY TRUST INC | COMPLIANT | 3.58% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| MPWR MONOLITHIC POWER SYSTEMS INC | COMPLIANT | 3.57% | AAOIFI0.0% Usmani0.4% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.4% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| TAKE-TWO INTERACTV SOFTWR INC | UNSCREENED | 3.49% | no in-house ratios for this holding |
| RBLX ROBLOX CORP | COMPLIANT | 3.37% | AAOIFI5.7% Usmani18.8% Dow Jones Islamic3.5% S&P Shariah4.2% MSCI Islamic18.8% MSCI Islamic M-Series4.2% FTSE Shariah10.4% |
| NTES NETEASE INC | NON_COMPLIANT | 3.34% | AAOIFI0.9% Usmani0.3% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.3% MSCI Islamic M-Series0.0% FTSE Shariah0.2% |
| ELECTRONIC ARTS INC | UNSCREENED | 3.33% | no in-house ratios for this holding |
| BIDU BAIDU INC | NON_COMPLIANT | 2.53% | AAOIFI156.9% Usmani11.2% Dow Jones Islamic2.5% S&P Shariah2.5% MSCI Islamic11.2% MSCI Islamic M-Series2.5% FTSE Shariah9.5% |
| COREWEAVE INC | UNSCREENED | 2.37% | no in-house ratios for this holding |
| RDDT REDDIT INC | QUESTIONABLE | 2.33% | AAOIFI0.1% Usmani0.6% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.6% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| 035420.KS NAVER CORP | COMPLIANT | 1.85% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PINS PINTEREST INC | QUESTIONABLE | 1.84% | AAOIFI1.9% Usmani4.5% Dow Jones Islamic1.4% S&P Shariah1.3% MSCI Islamic4.5% MSCI Islamic M-Series1.3% FTSE Shariah0.0% |
| DASSAULT SYSTEMES SA | UNSCREENED | 1.79% | no in-house ratios for this holding |
| PTC PTC INC | COMPLIANT | 1.73% | AAOIFI11.1% Usmani24.7% Dow Jones Islamic8.0% S&P Shariah8.0% MSCI Islamic24.7% MSCI Islamic M-Series8.0% FTSE Shariah21.9% |
| U UNITY SOFTWARE INC | COMPLIANT | 1.66% | AAOIFI0.5% Usmani1.3% Dow Jones Islamic0.7% S&P Shariah0.7% MSCI Islamic1.3% MSCI Islamic M-Series0.7% FTSE Shariah0.0% |
| SWKS SKYWORKS SOLUTIONS INC | COMPLIANT | 1.57% | AAOIFI6.0% Usmani9.2% Dow Jones Islamic6.4% S&P Shariah5.6% MSCI Islamic9.2% MSCI Islamic M-Series5.6% FTSE Shariah6.7% |
| SMCI SUPER MICRO COMPUTER INC | NON_COMPLIANT | 1.54% | AAOIFI17.4% Usmani15.3% Dow Jones Islamic20.6% S&P Shariah17.5% MSCI Islamic15.3% MSCI Islamic M-Series17.5% FTSE Shariah13.5% |
| CRUS CIRRUS LOGIC INC. | COMPLIANT | 1.39% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 3659.T NEXON CO LTD | NON_COMPLIANT | 1.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AMBA AMBARELLA INC | COMPLIANT | 1.25% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 259960.KS KRAFTON INC | NON_COMPLIANT | 1.17% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BSY BENTLEY SYSTEMS INC | COMPLIANT | 1.16% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 2382.HK SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED | NON_COMPLIANT | 1.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EPAM EPAM SYSTEMS INC | COMPLIANT | 1.08% | AAOIFI2.6% Usmani3.3% Dow Jones Islamic1.6% S&P Shariah1.4% MSCI Islamic3.3% MSCI Islamic M-Series1.4% FTSE Shariah0.5% |
| SNAP SNAP INC | NON_COMPLIANT | 1.07% | AAOIFI46.0% Usmani56.6% Dow Jones Islamic31.4% S&P Shariah26.2% MSCI Islamic56.6% MSCI Islamic M-Series26.2% FTSE Shariah47.3% |
| NCSOFT CORPORATION | UNSCREENED | 0.90% | no in-house ratios for this holding |
| NA9.DE NAGARRO SE | NON_COMPLIANT | 0.83% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| WIX.COM LTD | UNSCREENED | 0.75% | no in-house ratios for this holding |
| GRND GRINDR INC | NON_COMPLIANT | 0.71% | AAOIFI15.0% Usmani84.2% Dow Jones Islamic13.3% S&P Shariah15.6% MSCI Islamic84.2% MSCI Islamic M-Series15.6% FTSE Shariah83.5% |
| VNET VNET GROUP INC | NON_COMPLIANT | 0.68% | AAOIFI474.9% Usmani27.1% Dow Jones Islamic10.9% S&P Shariah14.2% MSCI Islamic22.7% MSCI Islamic M-Series14.2% FTSE Shariah11.5% |
| MTG-B.ST MODERN TIMES GRP MTG AB | COMPLIANT | 0.67% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 3697.T SHIFT INC | COMPLIANT | 0.61% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| UBI.PA UBISOFT ENTERTAINMENT SA | NON_COMPLIANT | 0.58% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 9898.HK WEIBO CORP | NON_COMPLIANT | 0.58% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PEARLABYSS CORP | UNSCREENED | 0.57% | no in-house ratios for this holding |
| MOMO HELLO GROUP INC | NON_COMPLIANT | 0.57% | AAOIFI16.0% Usmani0.9% Dow Jones Islamic1.0% S&P Shariah1.0% MSCI Islamic0.9% MSCI Islamic M-Series1.0% FTSE Shariah0.0% |
| 9911.HK NEWBORN TOWN INC | COMPLIANT | 0.56% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| COWELL E HOLDINGS INC | UNSCREENED | 0.55% | no in-house ratios for this holding |
| 251270.KS NETMARBLE CORP | NON_COMPLIANT | 0.52% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 3778.T SAKURA INTERNET INC | COMPLIANT | 0.50% | AAOIFI25.0% Usmani61.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic43.5% MSCI Islamic M-Seriesfail FTSE Shariah43.5% |
| PLTK PLAYTIKA HOLDING CORP | NON_COMPLIANT | 0.44% | AAOIFI299.1% Usmani76.2% Dow Jones Islamic148.2% S&P Shariah126.3% MSCI Islamic76.2% MSCI Islamic M-Series126.3% FTSE Shariah72.4% |
| TBCH TURTLE BEACH CORP | NON_COMPLIANT | 0.36% | AAOIFI36.1% Usmani37.5% Dow Jones Islamic29.1% S&P Shariah30.4% MSCI Islamic37.5% MSCI Islamic M-Series30.4% FTSE Shariah37.5% |
| Fidelity Revere Street Trust | UNSCREENED | 0.15% | no in-house ratios for this holding |
| CHICAGO MERCANTILE EXCH INC | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 28 points of portfolio weight — 64.7% of it passes S&P Shariah, 36.8% passes MSCI Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 61.9% ratios fail on 15.0% 26.8% not rated under AAOIFI
ratios pass on 54.3% ratios fail on 24.3% 25.2% not rated under Usmani
ratios pass on 62.7% ratios fail on 8.9% 32.1% not rated under Dow Jones Islamic
ratios pass on 64.7% ratios fail on 8.5% 30.5% not rated under S&P Shariah
ratios pass on 36.8% ratios fail on 31.8% 35.1% not rated under MSCI Islamic
ratios pass on 61.5% ratios fail on 10.2% 32.1% not rated under MSCI Islamic M-Series
ratios pass on 49.9% ratios fail on 24.9% 28.9% not rated under FTSE Shariah
42 of 53 listed holdings carry our own per-methodology verdicts (86% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 28 (72% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| NTES NETEASE INC | 3.34% |
| BIDU BAIDU INC | 2.53% |
| SMCI SUPER MICRO COMPUTER INC | 1.54% |
| 3659.T NEXON CO LTD | 1.30% |
| 259960.KS KRAFTON INC | 1.17% |
| 2382.HK SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED | 1.09% |
| SNAP SNAP INC | 1.07% |
| NA9.DE NAGARRO SE | 0.83% |
| GRND GRINDR INC | 0.71% |
| VNET VNET GROUP INC | 0.68% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Fidelity Metaverse ETF (FMET) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for FMET — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 33.40 | NEUTRAL |
| Stochastic %K (14) | 12.31 | BUY |
| CCI (20) | -217.39 | BUY |
| Williams %R (14) | -87.69 | BUY |
| MACD (12,26,9) | -0.20 | SELL |
| ROC (10) | -4.01 | SELL |
| Momentum (10) | -1.53 | SELL |
| EMA (10) | 38.14 | SELL |
| SMA (10) | 38.27 | SELL |
| EMA (20) | 38.49 | SELL |
| SMA (20) | 38.83 | SELL |
| EMA (30) | 38.60 | SELL |
| SMA (30) | 38.96 | SELL |
| EMA (50) | 38.55 | SELL |
| SMA (50) | 38.74 | SELL |
| EMA (100) | 38.08 | SELL |
| SMA (100) | 38.01 | SELL |
| EMA (200) | 36.92 | SELL |
| SMA (200) | 36.40 | BUY |
About Fidelity Metaverse ETF
The fund normally invests at least 80% of the fund's assets in securities included in the index and in depositary receipts representing securities included in the index. The index is designed to reflect the performance of a global universe of companies that develop, manufacture, distribute, or sell products or services related to establishing and enabling the Metaverse.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 43 |
| 🕐 1H | BEARISH | 20 |
| ⏱ 15-Min | BEARISH | 80 |
| ⏲ 5-Min | BEARISH | 234 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-27 · Asset managers net 923449 (+22072)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.