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ETFs

Global X Funds Global X Metaverse ETF

VR
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 26 2022
Expense Ratio
0.50%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$6,413
AUM
$2,140,019
Associated Index
Global X Metaverse Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with VR

What is VR?

The Global X Metaverse ETF (VR) seeks to invest in companies that are positioned to benefit from the development and commercialization of the Metaverse. This includes companies involved in the development of hardware and software that allow users to experience extended digital realities; creator platforms, where live streaming and other media content is shared in 3D simulations; creator economies, involving the development of applications involving digital payments, such as the creation and distribution of Non-Fungible Tokens (NFTs) and other digital asset payment gateways; as well as digital infrastructure/hardware, such as semiconductors, cloud computing technology and 5G infrastructure supporting digital media consumption.

ETFs related toVR

ETFs correlated to VR include METV, IRBO, PNQI

VR
Global X Funds - Global X Metaverse ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
AIQ
Global X Funds - Global X Artificial Intelligence & Technology ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies 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

VR is a Global Equities ETF. The Global X Metaverse ETF (VR) seeks to invest in companies that are positioned to benefit from the development and commercialization of the Metaverse. This includes companies involved in the development of hardware and software that allow users to experience extended digital realities; creator platforms, where live streaming and other media content is shared in 3D simulations; creator economies, involving the development of applications involving digital payments, such as the creation and distribution of Non-Fungible Tokens (NFTs) and other digital asset payment gateways; as well as digital infrastructure/hardware, such as semiconductors, cloud computing technology and 5G infrastructure supporting digital media consumption.

VR tracks the Global X Metaverse Index.

No, VR 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, VR 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 VR is -0.032%. This is the percent change in the value of VR over the most recent 1-month period. The 3-month return on VR is -0.0673%. This is the percent change in the value of VR over the most recent 3-month period.

The standard deviation of VR for the past year is 0.296%. 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 VR include PBW, IGF, and ARKK.

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

ETFs that are inversely correlated to VR include WEBS, BERZ, and QID.

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.