IVRS
iShares Future Metaverse Tech and Communications ETF
IVRS tracks an index of equity securities from around the world that are expected to contribute to the metaverse.
Fund Basics
| Fund sponsor | Blackrock |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 16, 2023 |
| Assets (mns) | $6 |
| Expense ratio | 47 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | None |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| META PLATFORMS INC | 6.4 % |
| KRAFTON, INC. | 5.2 % |
| KUAISHOU TECHNOLOGY CLASS B | 4.8 % |
| TAKE-TWO INTERACTIVE SOFTWRE | 4.7 % |
| ANSYS INC | 4.6 % |
| PTC INC. | 4.6 % |
| SONY CORP | 4.5 % |
| AUTODESK INC | 4.4 % |
| ELECTRONIC ARTS INC | 4.3 % |
| UBISOFT ENTERTAINMENT | 4.3 % |
Constituent Breakdown
| Number of holdings | 37 |
| Herfindahl-Hirschman Index | 398 |
| Wgt avg mkt cap (mns) | $415,807 |
| Large cap (>$10bn) | 81.3% |
| Mid cap ($2-10bn) | 14.2% |
| Small cap (<$2bn) | 4.5% |
| Developed mkts. | 76.9% |
| Emerging mkts. | 23.1% |
Country Exposure
 |
UNITED STATES | 58.9 % |
 |
CHINA | 12.2 % |
 |
SOUTH KOREA | 10.0 % |
 |
FRANCE | 8.6 % |
 |
JAPAN | 4.6 % |
 |
SWITZERLAND | 3.2 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 0.8% | -- | -- | -- | -- | -- | 26.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.30% |
| ADV of underlying (mns) | $87,748 |
Technical Indicators
| Recent close | $30.89 |
| 30d moving avg. | $30.73 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 79 |
| Short interest (ETF) | 0.8% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IVRS |
Expenses vs. IVRS |
ALTAR Score™ vs. IVRS |
|---|---|---|---|---|
| METV | Roundhill Ball Metaverse ETF | 43.0% | +12 bp | +8.7% |
| FMET | Fidelity Metaverse ETF | 41.5% | -8 bp | +9.7% |
| ARVR | First Trust Indxx Metaverse ETF | 39.5% | +23 bp | +7.9% |
| GGME | Invesco Next Gen Media and Gaming ETF | 31.5% | +13 bp | +9.5% |
| BWEB | Bitwise Web3 ETF | 29.8% | +38 bp | +6.3% |
| GAMR | Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T | 27.8% | +28 bp | +10.6% |
| ESPO | VanEck Video Gaming and eSports ETF | 27.2% | +9 bp | +9.9% |
| VERS | ProShares Metaverse ETF | 26.2% | +11 bp | -3.0% |
| HERO | Global X Video Games & Esports ETF | 25.9% | +3 bp | +10.4% |
| OND | ProShares On-Demand ETF | 24.6% | +11 bp | +2.8% |
Risk and Returns: IVRS 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 | --% |
Based on closing prices from 4/22/2024
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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
IVRS
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™
IVRS
-5.3%
Cat. Avg
3.8%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -5.3% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 347 funds in the Global Equities category, with an average ALTAR Score™
of 3.8% and a standard deviation of
4.9%. IVRS's ALTAR Score™ is approximately
1.9 standard deviations
below
the category average. This places IVRS in the 3rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IVRS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IVRS | 47.0 | 30.4 | 77.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .