First Trust Indxx Metaverse ETF
$58.10−0.40 (−0.68%)
- 0.70%
- $9M
- +19.0%
- 0.63%
- 0M sh
- $58.25
- low $42.61high $59.25
The ETF.net ARVR Grade
D
Score 35 out of 100
- 7 of 7
Score 35 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F18 out of 100Rank 6 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B64 out of 100Rank 3 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F9 out of 100Rank 7 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A76 out of 100Rank 2 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C46 out of 100Rank 6 of 7
Our read on ARVR
DA literal bet on the metaverse: roughly 50 global companies tied to virtual worlds, tracked by index rather than a manager's hunch. First Trust launched it in 2022, right as the theme crested.
The Fund seeks investment results that generally track the price and yield performance of the Indxx Metaverse Index, before fees and expenses.
Why people hold it
- Pure single-theme exposure. It tracks the Indxx Metaverse Index, about 50 global stocks, with no broad-tech filler diluting the idea you came for.
- Global by mandate, not US-only, so the basket can reach the Asian hardware and chip names that build the plumbing for virtual worlds.
- Plain-vanilla plumbing from a large, long-established issuer: a standard 1940 Act stock fund. No leverage, no swaps, no K-1 at tax time.
- Live since 2022, so it carries a multi-year track record through the theme's hype cycle rather than a backtest.
Worth knowing
- The 0.70% expense ratio sits above the median for global thematic funds, and cheaper broad-theme rivals like UFOX charge 0.30%.
- It is a small fund that trades lightly. Spreads can run wider than a mainstream ETF's, and sizable orders can nudge the price.
- Roughly 50 names in one narrow theme means individual stocks and sentiment swings drive the ride, and payouts come once or twice a year at most.
ARVR Holdings
- Stocks
- 44
- 36%
- U
Geography
- United States60.73%
- Japan17.16%
- China9.54%
- Taiwan6.73%
- South Korea3.51%
- Switzerland2.34%
Developed 50% · Emerging 50%
ARVR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
ARVR$11,901
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ARVR |
|---|---|
| Year to date | +19.8% |
| 1 month | +1.7% |
| 3 months | +3.0% |
| 1 year | +19.0% |
| 3 years | +25.8% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ARVR |
|---|---|---|
| 2026 YTD | +19.8% | |
| 2025 | +29.1% | |
| 2024 | +10.1% | |
| 2023 | +43.4% | |
| 2022 | −15.0% |
ARVR in the news
ARVR Dividends
- 0.63%
- $0.37
- $0.11 per share
- Twice a year
Distribution history
ARVR Risk
- 18.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.12
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −25.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.32
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ARVR Cost
0.70%
ARVR0.70%
- The middle half of Metaverse & Connectivity funds
- Median 0.59%
5 of the 7 Metaverse & Connectivity funds charge less.
Other funds in Metaverse & Connectivity
- BFMETFidelity Metaverse ETFExpense ratio 0.39%1 year return +8.0%
- CNXTGFirst Trust Indxx NextG ETFExpense ratio 0.70%1 year return +49.8%
- CVERSProShares - Metaverse ETFExpense ratio 0.58%1 year return +19.2%
- CMETVRoundhill Metaverse ETFExpense ratio 0.59%1 year return +7.4%
- CSNSRGlobal X - Internet of Things ETFExpense ratio 0.68%1 year return +29.2%