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ETFs

Roundhill Ball Metaverse ETF

METV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 30 2021
Expense Ratio
0.59%
Type
Global Equities
Fund Owner
Roundhill Financial
Volume (1m avg. daily)
$2,389,568
AUM
$408,195,265
Associated Index
Ball Metaverse Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
8.22%
RBLX
Roblox Corporation - Ordinary Shares - Class A
7.50%
META
Meta Platforms Inc - Ordinary Shares - Class A
5.96%
NVDA
NVIDIA Corp
5.37%
MSFT
Microsoft Corporation
4.21%
QCOM
Qualcomm, Inc.
4.02%
6758
Sony Group Corporation
3.68%
700
Tencent Holdings Ltd.
3.55%
ADSK
Autodesk Inc.
3.37%
TSM
Taiwan Semiconductor Manufacturing - ADR
3.37%
Invest with METV

What is METV?

The Roundhill Ball Metaverse ETF ("METV ETF") is designed to offer investors exposure to the Metaverse by providing investment results that closely correspond, before fees and expenses, to the performance of the Ball Metaverse Index ("META Index"). The "Metaverse" is defined as a successor to the current internet that will be interoperable, persistent, synchronous, open to unlimited participants with a fully functioning economy, and an experience that spans the virtual and real world. The Ball Metaverse Index is the first index globally designed to track the performance of the Metaverse. The Index consists of a tiered weight portfolio of globally-listed companies who are actively involved in the Metaverse.

ETFs related toMETV

ETFs correlated to METV include XNTK, FBCG, PNQI

METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
AIQ
Global X Funds - Global X Artificial Intelligence & Technology ETF
BULZ
Bank of Montreal - MicroSectorsTM Solactive FANG Innovation 3X Leveraged ETNs
CHAT
Tidal Trust II - Roundhill Generative AI & Technology 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

METV is a Global Equities ETF. The Roundhill Ball Metaverse ETF ("METV ETF") is designed to offer investors exposure to the Metaverse by providing investment results that closely correspond, before fees and expenses, to the performance of the Ball Metaverse Index ("META Index"). The "Metaverse" is defined as a successor to the current internet that will be interoperable, persistent, synchronous, open to unlimited participants with a fully functioning economy, and an experience that spans the virtual and real world. The Ball Metaverse Index is the first index globally designed to track the performance of the Metaverse. The Index consists of a tiered weight portfolio of globally-listed companies who are actively involved in the Metaverse.

METV tracks the Ball Metaverse Index.

No, METV 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, METV 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 METV is -0.024%. This is the percent change in the value of METV over the most recent 1-month period. The 3-month return on METV is -0.0697%. This is the percent change in the value of METV over the most recent 3-month period.

The standard deviation of METV for the past year is 0.3076%. 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 METV include PBW, IGF, and ARKK.

ETFs correlated to METV include XNTK, FBCG, and PNQI.

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

Disclaimers

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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.