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

70 bp

EXPENSES

$22.7 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateApr 19, 2022
Assets (mns)$23
Expense ratio70 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
NEXON CO LTD 3.7 %
NVIDIA CORP 3.6 %
APPLE INC 3.6 %
SNAP, INC. CLASS A 3.5 %
TEXAS INSTRUMENTS INC 3.3 %
TENCENT HOLDINGS LTD 3.2 %
ADOBE SYSTEMS INC 3.2 %
TAIWAN SEMICONDUCTOR-SP ADR 3.1 %
AMPHENOL CORP-CL A 3.1 %
ELECTRONIC ARTS INC 3.1 %
Constituent Breakdown
Number of holdings270
Herfindahl-Hirschman Index 281
Wgt avg mkt cap (mns)$377,272
Large cap (>$10bn)82.7%
Mid cap ($2-10bn)11.8%
Small cap (<$2bn)5.5%
Developed mkts.86.1%
Emerging mkts.13.9%
Country Exposure
UNITED STATES 59.6 %
JAPAN 17.1 %
CHINA 10.2 %
TAIWAN 5.4 %
SWITZERLAND 2.8 %
IRELAND 2.2 %
SOUTH KOREA 1.2 %
FRANCE 1.1 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 5.3% 16.7% 20.4% -- 5.7% -- 9.9%
Volatility 18.0% 18.3% 23.8% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.2681%
MSCI EAFE1.1875%
MSCI Emg Mkts1.1068%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.39%
ADV of underlying (mns)$108,666
Technical Indicators
Recent close$37.63
30d moving avg.$37.82
Annualized volatility25.7%
Relative strength (RSI)60
Short interest (ETF)0.3%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: ARVR 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
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
2.8 25.8 3.0 0.9% --
Based on closing prices from 7/22/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ARVR



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

ARVR

1.6%

Cat. Avg

3.9%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™1.6%
Recommendation

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™ of 3.9% and a standard deviation of 4.7%. ARVR's ALTAR Score™ is approximately 0.5 standard deviations below the category average. This places ARVR in the 31st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
ARVR
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Rules-Based
Global Equity ETFs
# of ETFs 191
Avg. Expense Ratio 55.4 bp
Std. Deviation 17.5 bp
ARVR (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)
ARVR 70.0 39.1 109.1
Peer Avg. 51.3 36.4 87.7
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .