ARVR vs. AIS

Last updated Jun 4, 2026

ARVR (First Trust Indxx Metaverse ETF) and AIS (VistaShares Artificial Intelligence Supercycle ETF) are both Technology Equities funds. ARVR is passively managed, while AIS is actively managed. Over the past year, ARVR returned 35.02% vs 226.72% for AIS. Their correlation of 0.84 suggests significant overlap in exposure. ARVR charges 0.70%/yr vs 0.75%/yr for AIS.

Performance

ARVR vs. AIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Metaverse ETF (ARVR) and VistaShares Artificial Intelligence Supercycle ETF (AIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARVR achieves a 18.88% return, which is significantly lower than AIS's 118.61% return.

ARVR

• 1D: -0.64%
• 1M: 11.38%
• YTD: 18.88%
• 6M: 17.88%
• 1Y: 35.02%
• 3Y*: 24.89%
• 5Y*: —
• 10Y*: —

AIS

• 1D: 0.72%
• 1M: 35.87%
• YTD: 118.61%
• 6M: 122.65%
• 1Y: 226.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARVR vs. AIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ARVR First Trust Indxx Metaverse ETF	18.88%	29.07%	-3.20%
AIS VistaShares Artificial Intelligence Supercycle ETF	118.61%	58.35%	-4.92%

Correlation

The correlation between ARVR and AIS is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.84

The correlation between ARVR and AIS has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

ARVR vs. AIS - Sectors Allocation Comparison

Sectors	ARVR	AIS
Technology	43.8%	84.6%
Communication Services	10.4%	-
Healthcare	2.1%	-
Industrials	1.1%	8.9%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-0.0%
Real Estate	-	-
Utilities	-	3.2%

Return for Risk

ARVR vs. AIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARVR

ARVR Risk / Return Rank: 47
ARVR Sharpe Ratio Rank: 54
ARVR Sortino Ratio Rank: 50
ARVR Omega Ratio Rank: 51
ARVR Calmar Ratio Rank: 40
ARVR Martin Ratio Rank: 38

AIS

AIS Risk / Return Rank: 97
AIS Sharpe Ratio Rank: 98
AIS Sortino Ratio Rank: 96
AIS Omega Ratio Rank: 96
AIS Calmar Ratio Rank: 98
AIS Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARVR vs. AIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Metaverse ETF (ARVR) and VistaShares Artificial Intelligence Supercycle ETF (AIS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ARVR	AIS	Difference
Sharpe ratio: Return per unit of total volatility	1.82	6.34	-4.52
Sortino ratio: Return per unit of downside risk	2.44	5.78	-3.34
Omega ratio: Gain probability vs. loss probability	1.32	1.80	-0.49
Calmar ratio: Return relative to maximum drawdown	1.98	14.41	-12.42
Martin ratio: Return relative to average drawdown	6.02	47.43	-41.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARVR vs. AIS - Sharpe Ratio Comparison

The current ARVR Sharpe Ratio is 1.82, which is lower than the AIS Sharpe Ratio of 6.34. The chart below compares the historical Sharpe Ratios of ARVR and AIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARVR	AIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	6.34	-4.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	3.24	-2.45

Drawdowns

ARVR vs. AIS - Drawdown Comparison

The maximum ARVR drawdown since its inception was -26.25%, smaller than the maximum AIS drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for ARVR and AIS.

Drawdown Indicators

	ARVR	AIS	Difference
Max Drawdown Largest peak-to-trough decline	-26.25%	-32.78%	+6.53%
Max Drawdown (1Y) Largest decline over 1 year	-17.73%	-15.84%	-1.89%
Max Drawdown (3Y) Largest decline over 3 years	-21.46%	—	—
Current Drawdown Current decline from peak	-0.64%	0.00%	-0.64%
Average Drawdown Average peak-to-trough decline	-5.85%	-5.45%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.83%	4.80%	+1.03%

Volatility

ARVR vs. AIS - Volatility Comparison

The current volatility for First Trust Indxx Metaverse ETF (ARVR) is 5.84%, while VistaShares Artificial Intelligence Supercycle ETF (AIS) has a volatility of 16.12%. This indicates that ARVR experiences smaller price fluctuations and is considered to be less risky than AIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARVR	AIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	16.12%	-10.28%
Volatility (6M) Calculated over the trailing 6-month period	14.85%	29.95%	-15.10%
Volatility (1Y) Calculated over the trailing 1-year period	19.31%	36.00%	-16.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.44%	38.04%	-14.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.44%	38.04%	-14.60%

ARVR vs. AIS - Expense Ratio Comparison

ARVR has a 0.70% expense ratio, which is lower than AIS's 0.75% expense ratio.

Dividends

ARVR vs. AIS - Dividend Comparison

ARVR's dividend yield for the trailing twelve months is around 0.45%, while AIS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
AIS VistaShares Artificial Intelligence Supercycle ETF	0.00%	0.00%	0.00%	0.00%	0.00%
ARVR First Trust Indxx Metaverse ETF	0.45%	0.53%	0.81%	0.11%	0.27%

Frequently Asked Questions

Can I hold both ARVR and AIS in my portfolio?

ARVR and AIS have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARVR or AIS?

AIS has higher volatility (16.12%) compared to ARVR (5.84%). In terms of maximum drawdown, ARVR dropped -26.25% vs AIS's -32.78%.

Which ETF is better, ARVR or AIS?

On 1-year performance, AIS leads with 226.72% vs 35.02% for ARVR. On fees, ARVR is cheaper at 0.70% per year. On volatility, ARVR has been the lower-risk option at 5.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARVR or AIS?

Over the 1-year period, AIS has performed better with a 226.72% return vs 35.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARVR or AIS?

ARVR is cheaper with a 0.70% expense ratio, compared with 0.75% for AIS.

Which ETF pays a higher dividend yield, ARVR or AIS?

ARVR has the higher dividend yield at 0.45%, compared with 0.00% for AIS.

What is the main difference between ARVR and AIS?

They also come from different issuers: First Trust and VistaShares. Their fees differ too: 0.70% for ARVR and 0.75% for AIS.

Which has better risk-adjusted returns?

AIS currently has the higher Sharpe Ratio (6.34 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.