METV
Roundhill Ball Metaverse ETF
METV is a passively-managed ETF investing in globally-listed equities spanning various industries, all relating to what it defines as a future iteration of the internet Metaverse. Stocks are selected by a committee and weighted in tiers.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
59 bp
EXPENSES
$367.4 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Roundhill Investments |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 30, 2021 |
| Assets (mns) | $367 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| 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
| ROBLOX CORP. CLASS A | 8.8 % |
| APPLE INC | 8.3 % |
| META PLATFORMS INC | 5.0 % |
| NVIDIA CORP | 4.0 % |
| SONY CORP | 4.0 % |
| UNITY SOFTWARE, INC. | 3.8 % |
| MICROSOFT CORP | 3.4 % |
| NINTENDO CO LTD | 3.2 % |
| ALPHABET INC. CLASS A | 3.0 % |
| QUALCOMM INC | 2.8 % |
Constituent Breakdown
| Number of holdings | 37 |
| Herfindahl-Hirschman Index | 382 |
| Wgt avg mkt cap (mns) | $710,464 |
| Large cap (>$10bn) | 93.6% |
| Mid cap ($2-10bn) | 5.8% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 81.1% |
| Emerging mkts. | 18.9% |
Country Exposure
 |
UNITED STATES | 63.8 % |
 |
CHINA | 7.4 % |
 |
JAPAN | 7.2 % |
 |
SOUTH KOREA | 5.4 % |
 |
TAIWAN | 2.7 % |
 |
BRITAIN | 1.7 % |
 |
SINGAPORE | 1.6 % |
 |
NETHERLANDS | 1.3 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.4% | 23.7% | 26.5% | -- | -- | -- | -4.3% | Volatility | 20.1% | 20.3% | 30.2% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.42 | 70% |
| MSCI EAFE | 1.21 | 47% |
| MSCI Emg Mkts | 1.21 | 47% |
Liquidity Measures
| Avg. volume (000) | 224 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $130,594 |
Technical Indicators
| Recent close | $12.68 |
| 30d moving avg. | $13.29 |
| Annualized volatility | 31.1% |
| Relative strength (RSI) | 62 |
| Short interest (ETF) | 0.1% |
| 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. METV |
Expenses vs. METV |
ALTAR Score™ vs. METV |
|---|---|---|---|---|
| FMET | Fidelity Metaverse ETF | 45.8% | -20 bp | +1.7% |
| ARVR | First Trust Indxx Metaverse ETF | 42.3% | +11 bp | -1.7% |
| IVRS | iShares Future Metaverse Tech and Communications ETF | 41.5% | -12 bp | -7.3% |
| GGME | Invesco Next Gen Media and Gaming ETF | 37.6% | +1 bp | +0.5% |
| VERS | ProShares Metaverse ETF | 37.4% | -1 bp | -19.3% |
| BWEB | Bitwise Web3 ETF | 36.3% | +26 bp | -2.5% |
| QQQ | Invesco QQQ Trust Series I | 32.4% | -39 bp | +1.3% |
| QQQM | Invesco NASDAQ 100 ETF | 32.4% | -44 bp | +1.4% |
| CHAT | Roundhill Generative AI & Technology ETF | 32.2% | +16 bp | +0.7% |
| IGM | iShares Expanded Tech Sector ETF | 32.0% | -18 bp | +1.2% |
Risk and Returns: METV 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 7/25/2024
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
METV
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™
METV
3.4%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 3.4% |
Recommendation
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.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. METV's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places METV in the 45th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
METV
Peer Average
Recent Trends
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 |
| METV (59 bp) Percentile rank | 58 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| METV | 59.0 | 10.1 | 69.1 |
| Peer Avg. | 56.7 | 40.3 | 97.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .