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ETFs

MTVR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 27 2021
Expense Ratio
0.70%
Type
Global Equities
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$189,639
AUM
$4,393,475
Associated Index
Fount Metaverse Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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Apple Inc
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Meta Platforms Inc - Ordinary Shares - Class A
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GOOGL
Alphabet Inc - Ordinary Shares - Class A
4.22%
DKNG
DraftKings Inc. - Ordinary Shares - Class A
3.89%
ADBE
Adobe Inc
3.23%
PINS
Pinterest Inc - Ordinary Shares - Class A
2.55%
4661
Oriental Land Co. Ltd.
2.52%
9697
Capcom Co Ltd
2.49%
RBLX
Roblox Corporation - Ordinary Shares - Class A
2.45%
ATVI
Activision Blizzard Inc
2.39%
Invest with MTVR

What is MTVR?

The Fount Metaverse ETF seeks to provide investment results that, before fees and expenses, generally correspond to the performance of the Fount Metaverse Index. The index was designed to measure the performance of companies that develop, manufacture, distribute, or sell products related to metaverse technology. Index uses standard industry classification systems and keywords, which underlies the fund seeks to identify companies that are likely to engage in the 4 components of the metaverse. The index forecasts the 1 year forward revenue from metaverse technology related services or products by using a proprietary artificial intelligence algorithm. Only companies that are expected to derive more than 50% of their revenues from metaverse-related services or products are included in the index.

ETFs related toMTVR

ETFs correlated to MTVR include METV, PNQI, IRBO

MTVR
Exchange Traded Concepts Trust - Fount Metaverse ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
ESPO
VanEck ETF Trust - VanEck Video Gaming and eSports ETF
AIQ
Global X Funds - Global X Artificial Intelligence & Technology ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
RXI
BlackRock Institutional Trust Company N.A. - iShares Global Consumer Discretionary ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares

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.

Automated Strategies
Related toMTVR

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with MTVR using Composer

FAQ

MTVR is a Global Equities ETF. The Fount Metaverse ETF seeks to provide investment results that, before fees and expenses, generally correspond to the performance of the Fount Metaverse Index. The index was designed to measure the performance of companies that develop, manufacture, distribute, or sell products related to metaverse technology. Index uses standard industry classification systems and keywords, which underlies the fund seeks to identify companies that are likely to engage in the 4 components of the metaverse. The index forecasts the 1 year forward revenue from metaverse technology related services or products by using a proprietary artificial intelligence algorithm. Only companies that are expected to derive more than 50% of their revenues from metaverse-related services or products are included in the index.

MTVR tracks the Fount Metaverse Index.

No, MTVR 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, MTVR 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 MTVR is 0.0401%. This is the percent change in the value of MTVR over the most recent 1-month period. The 3-month return on MTVR is 0.0885%. This is the percent change in the value of MTVR over the most recent 3-month period.

The standard deviation of MTVR for the past year is 0.2351%. 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 MTVR include TAN, ICLN, and ARKK.

ETFs correlated to MTVR include METV, PNQI, and IRBO.

ETFs that are inversely correlated to MTVR include WEBS, 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.