ARVR
First Trust Indxx Metaverse ETF
ARVR tracks a modified equal-weighted index of stocks, spanning a broad range of industries globally, that are involved in business activities associated with the Metaverse.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
2.2 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 19, 2022 |
| Assets (mns) | $2 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ROBLOX CORP. CLASS A | 4.1 % |
| STMICROELECTRONICS NV | 3.8 % |
| MICROCHIP TECHNOLOGY INC | 3.6 % |
| AMPHENOL CORP-CL A | 3.5 % |
| MICRON TECHNOLOGY INC | 3.4 % |
| NETEASE, INC | 3.3 % |
| NETFLIX INC | 3.2 % |
| NEXON CO LTD | 3.2 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 3.2 % |
| NINTENDO CO LTD | 3.1 % |
Constituent Breakdown
| Number of holdings | 46 |
| Herfindahl-Hirschman Index | 273 |
| Wgt avg mkt cap (mns) | $373,124 |
| Large cap (>$10bn) | 80.2% |
| Mid cap ($2-10bn) | 9.8% |
| Small cap (<$2bn) | 6.0% |
| Developed mkts. | 81.6% |
| Emerging mkts. | 17.9% |
Country Exposure
 |
UNITED STATES | 59.3 % |
 |
JAPAN | 17.6 % |
 |
CHINA | 10.2 % |
 |
TAIWAN | 5.8 % |
 |
SWITZERLAND | 3.8 % |
 |
SOUTH KOREA | 1.6 % |
 |
FRANCE | 1.1 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.3% | 17.3% | 19.6% | 14.1% | -- | -- | -- | 12.4% |
| Dividend Yield | 0.0% | 0.1% | 0.1% | 0.2% | -- | -- | -- | 0.2% |
| Total Returns | 11.3% | 17.4% | 19.7% | 14.3% | -- | -- | -- | 12.5% | Ann. Volatility | 29.5% | 24.2% | 21.5% | 24.0% | -- | -- | -- | 24.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.18 | 77% |
| MSCI EAFE | 0.97 | 54% |
| MSCI Emg Mkts | 0.95 | 52% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 2.0% |
| Avg. Bid/Ask (% of price) | 0.39% |
Technical Indicators
| Recent close | $44.14 |
| 30d moving avg. | $41.74 |
| Annualized volatility | 22.6% |
| Relative strength (RSI) | 64 |
| Short interest | 0.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| FMET | Fidelity Metaverse ETF | 39.6% | -31 bp | +5.0% |
| METV | Roundhill Ball Metaverse ETF | 38.7% | -11 bp | +7.3% |
| GGME | Invesco Next Gen Media and Gaming ETF | 38.7% | -10 bp | +4.5% |
| IVRS | iShares Future Metaverse Tech and Communications ETF | 36.3% | -23 bp | +2.8% |
| GAMR | Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T | 33.0% | +5 bp | +5.1% |
| XNTK | SPDR NYSE Technology ETF | 32.2% | -35 bp | +3.9% |
| AIQ | Global X Artificial Intelligence & Technology ETF | 30.0% | -2 bp | +4.1% |
| BNGE | First Trust S-Network Streaming and Gaming ETF | 29.9% | 0 bp | +3.1% |
| VERS | ProShares Metaverse ETF | 27.8% | -12 bp | -0.3% |
| OND | ProShares On-Demand ETF | 27.6% | -12 bp | +0.7% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/15/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
4.3%
Cat. Avg
4.5%
ALTAR Score™ Calculation
Category Overview
There are 370 funds in the Global Equity category, with an average ALTAR Score™
of 4.5% and a standard deviation of
3.5%. 's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places in the 47th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ARVRSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| (70 bp) Percentile rank | 80 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 70.0 | 0.0 | 70 | |
| Peer Avg. | 54.3 | 32.7 | 86.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .