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ARVR vs METV

First Trust Indxx Metaverse ETF

ARVRDNasdaq

Roundhill Metaverse ETF

METVCNYSE Arca

Overlap

42.8%by weight

Expense ratio

METV −0.11pt a year

ARVR0.70%METV0.59%

Avg volume · 30D

METV 129.6×the volume

ARVR378METV49K

3Y return · a year

METV +4.9pt

ARVR+23.3%METV+28.2%

ARVR vs METV Performance

Nov 7, 2025 – Nov 9, 2026

+16.5%ARVR+7.6%METV

Nov 7, 2025 to Nov 9, 2026. ARVR +16.5%. METV +7.6%. Use the arrow keys to read each point.−20%−10%0%Nov 2025May 2026Nov 2026
Expense ratio
ARVR 0.70%
METV 0.59%, better
Fund size
ARVR $8M
METV $219M
1Y total return
ARVR +16.5%, better
METV +7.6%
Yield (12M)
ARVR 0.64%, better
METV 0.16%
Holdings
ARVR 44
METV 31
Avg volume (30D)
ARVR 378 sh
METV 49K sh, better
NAV per share
ARVR $54.70
METV $20.92
52W range

ETF.net Grade

ARVR: Cost 21, Risk 67, Mission not scored, Tradability 10, Holdings 76, Durability 42. METV: Cost 57, Risk 40, Mission not scored, Tradability 64, Holdings 38, Durability 58.
Pillar letters and Scores for ARVR, METV, with each pillar’s weight
PillarARVRMETV
Cost30% weightF21B57Higher
Mission25% weightNot scoredNot scored
Risk15% weightB67HigherC40
Tradability15% weightF10B64Higher
Holdings10% weightA76HigherD38
Durability5% weightC42B58Higher

Rank among Metaverse & Connectivity funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ARVR and METV are both graded against the same 6 Metaverse & Connectivity funds, so their Grades compare head to head.

Metaverse & Connectivity⁠

Category · 6 funds
See all 6 ›

METV ranks 3rd and ARVR 6th of 6 funds in the Metaverse & Connectivity Category.

  1. Rank 1BKNCTInvesco Next Gen Connectivity ETFScore 63
  2. Rank 2BFMETFidelity Metaverse ETFScore 62
  3. Rank 3CMETVRoundhill Metaverse ETFScore 52
  4. Rank 4CNXTGFirst Trust Indxx NextG ETFScore 51
  5. Rank 5CSNSRGlobal X Internet of Things ETFScore 45
  6. Rank 6DARVRFirst Trust Indxx Metaverse ETFScore 36

Our read on each fund

ETF.net Research

ARVRDFirst Trust Indxx Metaverse ETF

METVCRoundhill Metaverse ETF

In short

ARVR A 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.

METV Launched in 2021 with an index built by Matthew Ball's research group, METV is the metaverse theme in its original form: roughly 50 globally listed companies spanning chips, networks, virtual worlds and payments.

Stated mandate

ARVR The Fund seeks investment results that generally track the price and yield performance of the Indxx Metaverse Index, before fees and expenses.

METV The fund seeks to track the Ball Metaverse Index before fees and expenses by investing primarily in globally listed companies whose activities, products, services, or technologies enable the Metaverse.

Why people hold it

  • ARVR 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.
  • METV The Ball Metaverse Index sorts holdings into seven layers of the theme: compute, networking, virtual platforms, interchange standards, payments, content and hardware.roundhillinvestments.com
  • Roundhill cut the management fee from 0.75% to 0.59% in 2022, and that one unified fee covers the fund's operating costs.roundhillinvestments.com
  • Global by mandate, not US tech by default: the index draws on companies listed worldwide whose products and technologies enable the metaverse.

Worth knowing

  • ARVR 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.
  • METV At 0.59%, it prices a touch above the typical global thematic fund. That is what a hand-built, committee-selected niche index costs.
  • About 50 stocks on one narrow theme, and it has ranked among the more volatile funds in its global thematic group.
  • The index methodology was widened to allow ETFs holding bitcoin or ether as eligible components, so digital asset swings can reach an equity fund.roundhillinvestments.com

Full ARVR profile⁠

Full METV profile⁠

ARVR vs METV Holdings

How ARVR and METV differ

Overlap by weight

42.8%

Shared holdings make up 69.9% of METV and 43.2% of ARVR.

Level by level

  • Holdings16 in both42.8%
  • Sector6 Sectors69.7%
  • Countryby domicile87.1%
  • Asset classStocks100%

Sector

Sector weights in ARVR and METV, widest gap first
SectorMore in ARVRMore in METVGap
TechnologyARVR +28.0 points
CommunicationMETV +20.3 points
FinancialsMETV +7.0 points
Consumer DiscretionaryMETV +2.9 points
IndustrialsARVR +1.4 points
Health CareARVR +0.9 points

Country, concentration and asset class

Country by domicile

Country weights in ARVR and METV, widest gap first
CountryMore in ARVRMore in METVGap
South KoreaMETV +10.2 points
JapanARVR +6.2 points
TaiwanARVR +4.9 points
ChinaARVR +1.8 points
United StatesMETV +1.3 points
FranceMETV +1.1 points
SingaporeMETV +0.5 points

Outside the US: ARVR 50% developed, 50% emerging. METV 41% developed, 59% emerging.

Concentration

Weight in the 10 largest Holdings

  • ARVR34.7%
  • METV54.8%

Securities held

  • ARVR41
  • METV30

Asset class

ARVR
Stocks
METV
Stocks

Holdings

  • Only in ARVR25
  • In both16
  • Only in METV14

Only in ARVR

25 securities, 55.8% of ARVR by weight

  • Xiaomi Corporation (Class B)4.10%
  • NetEase, Inc.3.43%
  • Adobe Incorporated3.17%

Only in METV

14 securities, 30.1% of METV by weight

  • Netease Inc4.85%
  • Autodesk Inc3.91%
  • Circle Internet Group Inc3.67%

Weight gaps

All 16 Holdings in both funds, largest gap first.

Holding weights in ARVR and METV, widest gap first
HoldingMore in ARVRMore in METVGap
Roblox Corporation (Class A)RBLXMETV +4.68 points
Take-Two Interactive Software, Inc.TTWOMETV +3.93 points
Krafton, Inc.METV +3.52 points
Apple Inc.AAPLMETV +2.71 points
Meta Platforms, Inc. (Class A)METAMETV +2.49 points
Microsoft CorporationMSFTMETV +1.99 points
Snap Inc. (Class A)SNAPMETV +1.73 points
NVIDIA CorporationNVDAMETV +1.70 points

All 41 ARVR holdings⁠All 52 METV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ARVR vs METV Cost

Overpaying ARVR vs METV

$1,971

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ARVR 0.70%

    $13,606

  • METV 0.59%

    $11,635

$10,000
30 years

Cost over time

  • ARVR 0.70%
  • METV 0.59%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530ARVR $13,606METV $11,635

Year by year

YearARVRMETVOverpaying
10$1,250$1,058$192
20$4,760$4,051$709
30$13,606$11,635$1,971

Expense ratio

  • 0.70%ARVR
  • 0.59%METV, cheaper
  • Middle half of Metaverse & Connectivity funds
  • Median 0.64%

METV 3rd cheapest of 6 funds

ARVR 5th cheapest of 6 funds

ARVR vs METV Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
ARVR 0.64%, better
METV 0.16%
Payout (12M)
ARVR $0.37
METV $0.03
Last payment
ARVR $0.11
METV $0.03
Ex-dividend
ARVR Jun 25, 2026
METV Dec 30, 2025
Paid on
ARVR Jun 30, 2026
METV Dec 31, 2025
Frequency
ARVR Twice a year
METV Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

ARVRTwice a year · 7 paymentsAll ARVR payments⁠
One bar per payment. 7 payments from 2022 to 2026 YTD. Dec 23, 2022 $0.07; Jun 27, 2023 $0.01; Dec 22, 2023 $0.03; Jun 27, 2024 $0.02; Dec 13, 2024 $0.28; Dec 12, 2025 $0.26; Jun 25, 2026 $0.11. Use the arrow keys to read each point.$0$0.2520232026YTD
METVIrregular · 3 paymentsAll METV payments⁠
One bar per payment. 3 payments from 2022 to 2026 YTD. Dec 13, 2022 $0.0063; Dec 27, 2023 $0.02; Dec 30, 2025 $0.03. Use the arrow keys to read each point.$0$0.2520232026YTD

ARVR vs METV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ARVR 18.9%, betterMETV 21.8%
Return per unit of riskSharpe ratio, 3 years
ARVR 1.04METV 1.07, better
Worst fallMax drawdown, 5 years
ARVR −25.9%since Apr 2022METV −59.6%
Market sensitivityBeta, 5 years
ARVR 1.37METV 1.45

ARVR and METV in the news

All news⁠

Popular comparisons

  • ARVRDvsKNCTB

    First Trust Indxx Metaverse ETF · Invesco Next Gen Connectivity ETF

    Expense ratio
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    Category
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