Skip to Content
ETFs

First Trust Exchange-Traded Fund II First Trust Indxx Metaverse ETF

ARVR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 19 2022
Expense Ratio
0.70%
Type
Global Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$3,674
AUM
$1,502,060
Associated Index
Indxx Global Metaverse Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NVDA
NVIDIA Corp
4.07%
AMD
Advanced Micro Devices Inc.
3.69%
META
Meta Platforms Inc - Ordinary Shares - Class A
3.44%
U
Unity Software Inc
3.39%
NFLX
Netflix Inc.
3.33%
TSM
Taiwan Semiconductor Manufacturing - ADR
3.32%
SNPS
Synopsys, Inc.
3.28%
MSFT
Microsoft Corporation
3.21%
6758
Sony Group Corporation
3.19%
ADBE
Adobe Inc
3.18%
Invest with ARVR

What is ARVR?

The First Trust Indxx Metaverse ETF (the "Fund") seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx Global Metaverse Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks and depositary receipts that comprise the Index.

ETFs related toARVR

ETFs correlated to ARVR include XNTK, QTUM, QTEC

ARVR
First Trust Exchange-Traded Fund II - First Trust IndxxMetaverse ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
QTUM
ETF Series Solutions Trust - Defiance Quantum ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
BULZ
Bank of Montreal - MicroSectorsTM Solactive FANG Innovation 3X Leveraged ETNs
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
TECB
iShares Trust - iShares U.S. Tech Breakthrough Multisector ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

ARVR is a Global Equities ETF. The First Trust Indxx Metaverse ETF (the "Fund") seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx Global Metaverse Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks and depositary receipts that comprise the Index.

ARVR tracks the Indxx Global Metaverse Index.

No, ARVR is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, ARVR is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ARVR is 0.0784%. This is the percent change in the value of ARVR over the most recent 1-month period. The 3-month return on ARVR is 0.119%. This is the percent change in the value of ARVR over the most recent 3-month period.

The standard deviation of ARVR for the past year is 0.2813%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to ARVR include ICLN, TAN, and EFG.

ETFs correlated to ARVR include XNTK, QTUM, and QTEC.

ETFs that are inversely correlated to ARVR include BERZ, QID, and SQQQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.