- ISIN
- US33734X7628
- Issuer
- First Trust
- Inception Date
- Apr 19, 2022
- Region
- Developed Markets (Broad)
- Category
- Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Indxx Metaverse Index - Benchmark TR Net
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $3M
Share Price Chart
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Performance
ARVR Performance Chart
First Trust Indxx Metaverse ETF (ARVR) is up 13.5% since the beginning of the year. ARVR is currently trading at $56 per share.
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Returns By Period
First Trust Indxx Metaverse ETF (ARVR) has returned 13.47% so far this year and 23.99% over the past 12 months.
First Trust Indxx Metaverse ETF
- 1D
- -4.16%
- 1M
- -0.36%
- YTD
- 13.47%
- 6M
- 13.55%
- 1Y
- 23.99%
- 3Y*
- 22.77%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
ARVR Monthly Returns History
Based on dividend-adjusted daily data since Apr 20, 2022, ARVR's average daily return is +0.07%, while the average monthly return is +1.47%. At this rate, an investment would double in approximately 4.0 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2026 with a return of +17.3%, while the worst month was Sep 2022 at -13.5%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ARVR closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +10.2%, while the worst single day was Apr 4, 2025 at -6.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.31% | -4.16% | -5.10% | 17.25% | 9.79% | -2.78% | 13.47% | ||||||
| 2025 | 2.06% | 3.68% | -5.65% | 3.68% | 7.54% | 11.23% | -1.67% | 2.96% | 5.87% | 0.43% | -3.59% | 0.46% | 29.07% |
| 2024 | -1.50% | 2.53% | 1.44% | -4.77% | 6.21% | 3.07% | -1.66% | 0.51% | 1.93% | 0.10% | 4.01% | -1.72% | 10.11% |
| 2023 | 13.59% | -3.28% | 9.86% | -4.25% | 5.33% | 6.34% | 4.87% | -6.96% | -5.20% | -1.04% | 14.41% | 5.79% | 43.39% |
| 2022 | -5.43% | 1.98% | -10.78% | 8.32% | -6.12% | -13.47% | 2.94% | 11.15% | -4.71% | -17.45% |
Benchmark Metrics
First Trust Indxx Metaverse ETF has an annualized alpha of 2.14%, beta of 1.20, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since April 20, 2022.
- This ETF captured 118.61% of S&P 500 Index gains and 103.45% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 2.14% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.14%
- Beta
- 1.20
- R²
- 0.76
- Upside Capture
- 118.61%
- Downside Capture
- 103.45%
Expense Ratio
ARVR has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ARVR ranks 31 for risk / return — below 31% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Indxx Metaverse ETF (ARVR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARVR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.32 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.46 | -1.10 |
| Martin ratioReturn relative to average drawdown | 4.05 | 10.92 | -6.87 |
Dividends
Dividend History
First Trust Indxx Metaverse ETF provided a 0.47% dividend yield over the last twelve months, with an annual payout of $0.26 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.26 | $0.26 | $0.31 | $0.04 | $0.07 |
Dividend yield | 0.47% | 0.53% | 0.81% | 0.11% | 0.27% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Indxx Metaverse ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.31 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.04 |
| 2022 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Indxx Metaverse ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Indxx Metaverse ETF was 26.40%, occurring on Oct 14, 2022. Recovery took 154 trading sessions.
The current First Trust Indxx Metaverse ETF drawdown is 5.16%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -26.40%Oct 2022 | 5mo 27d | 7mo 14d | 1y 1moApr 2022 - May 2023 |
2025 selloff2025 | -21.46%Apr 2025 | 1mo 17d | 1mo 5d | 2mo 22dFeb 2025 - May 2025 |
2026 correction2026 | -17.73%Mar 2026 | 5mo 22d | 1mo 1d | 6mo 23dOct 2025 - Apr 2026 |
2024 correction2024 | -15.41%Aug 2024 | 19d | 3mo 4d | 3mo 23dJul 2024 - Nov 2024 |
2023 correction2023 | -15.00%Oct 2023 | 3mo 9d | 1mo 13d | 4mo 22dJul 2023 - Dec 2023 |
Drawdown Indicators
| ARVR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.40% | -56.78% | +30.38% |
Max Drawdown (1Y)Largest decline over 1 year | -17.73% | -9.10% | -8.63% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -18.90% | -2.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.16% | -3.21% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -10.71% | +4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.93% | 2.04% | +3.89% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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