ARVR vs. GGTL

Last updated Jun 24, 2026

ARVR (First Trust Indxx Metaverse ETF) and GGTL (Gabelli Global Technology Leaders ETF) are both Technology Equities funds. ARVR is passively managed, while GGTL is actively managed. Over the past 3 years, ARVR returned 22.77%/yr vs 21.46%/yr for GGTL. A 0.73 correlation means they provide meaningful diversification when combined. ARVR charges 0.70%/yr vs 0.90%/yr for GGTL.

Performance

ARVR vs. GGTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Metaverse ETF (ARVR) and Gabelli Global Technology Leaders ETF (GGTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARVR achieves a 13.47% return, which is significantly lower than GGTL's 23.84% return.

ARVR

• 1D: -4.16%
• 1M: -0.36%
• YTD: 13.47%
• 6M: 13.55%
• 1Y: 23.99%
• 3Y*: 22.77%
• 5Y*: —
• 10Y*: —

GGTL

• 1D: -4.64%
• 1M: 2.58%
• YTD: 23.84%
• 6M: 23.84%
• 1Y: 40.67%
• 3Y*: 21.46%
• 5Y*: —
• 10Y*: —

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

ARVR vs. GGTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ARVR First Trust Indxx Metaverse ETF	13.47%	29.07%	10.11%	43.39%	-17.45%
GGTL Gabelli Global Technology Leaders ETF	23.84%	19.78%	11.07%	18.17%	-5.22%

Correlation

The correlation between ARVR and GGTL is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since Apr 20, 2022	0.73

The correlation between ARVR and GGTL has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.

Return for Risk

ARVR vs. GGTL — Risk / Return Rank

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

ARVR

ARVR Risk / Return Rank: 31
ARVR Sharpe Ratio Rank: 33
ARVR Sortino Ratio Rank: 32
ARVR Omega Ratio Rank: 33
ARVR Calmar Ratio Rank: 29
ARVR Martin Ratio Rank: 30

GGTL

GGTL Risk / Return Rank: 76
GGTL Sharpe Ratio Rank: 73
GGTL Sortino Ratio Rank: 67
GGTL Omega Ratio Rank: 73
GGTL Calmar Ratio Rank: 87
GGTL Martin Ratio Rank: 83

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. GGTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Metaverse ETF (ARVR) and Gabelli Global Technology Leaders ETF (GGTL). 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.

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	GGTL	Difference
Sharpe ratio: Return per unit of total volatility	1.13	2.10	-0.98
Sortino ratio: Return per unit of downside risk	1.57	2.75	-1.18
Omega ratio: Gain probability vs. loss probability	1.21	1.39	-0.18
Calmar ratio: Return relative to maximum drawdown	1.36	4.44	-3.08
Martin ratio: Return relative to average drawdown	4.05	15.15	-11.09

ARVR vs. GGTL - Sharpe Ratio Comparison

The current ARVR Sharpe Ratio is 1.13, which is lower than the GGTL Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of ARVR and GGTL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARVR vs. GGTL - Drawdown Comparison

The maximum ARVR drawdown since its inception was -26.40%, which is greater than GGTL's maximum drawdown of -23.65%. Use the drawdown chart below to compare losses from any high point for ARVR and GGTL.

Drawdown Indicators

	ARVR	GGTL	Difference
Max Drawdown Largest peak-to-trough decline	-26.40%	-23.65%	-2.75%
Max Drawdown (1Y) Largest decline over 1 year	-17.73%	-9.20%	-8.53%
Max Drawdown (3Y) Largest decline over 3 years	-21.46%	-21.46%	0.00%
Current Drawdown Current decline from peak	-5.16%	-4.64%	-0.52%
Average Drawdown Average peak-to-trough decline	-5.87%	-7.40%	+1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.93%	2.69%	+3.24%

Volatility

ARVR vs. GGTL - Volatility Comparison

First Trust Indxx Metaverse ETF (ARVR) and Gabelli Global Technology Leaders ETF (GGTL) have volatilities of 10.82% and 11.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARVR	GGTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.82%	11.18%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	17.60%	16.84%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	21.41%	19.45%	+1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.78%	18.19%	+5.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.78%	18.19%	+5.59%

ARVR vs. GGTL - Expense Ratio Comparison

ARVR has a 0.70% expense ratio, which is lower than GGTL's 0.90% expense ratio.

Dividends

ARVR vs. GGTL - Dividend Comparison

ARVR's dividend yield for the trailing twelve months is around 0.47%, less than GGTL's 0.84% yield.

Position	TTM	2025	2024	2023	2022
ARVR First Trust Indxx Metaverse ETF	0.47%	0.53%	0.81%	0.11%	0.27%
GGTL Gabelli Global Technology Leaders ETF	0.84%	1.04%	0.75%	0.84%	0.78%

Frequently Asked Questions

Can I hold both ARVR and GGTL in my portfolio?

ARVR and GGTL have a correlation of 0.74, 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 GGTL?

GGTL has higher volatility (11.18%) compared to ARVR (10.82%). In terms of maximum drawdown, ARVR dropped -26.40% vs GGTL's -23.65%.

Which ETF is better, ARVR or GGTL?

On 3-year performance, ARVR leads with 22.77% vs 21.46% for GGTL. On fees, ARVR is cheaper at 0.70% per year. On volatility, ARVR has been the lower-risk option at 10.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARVR or GGTL?

Over the 3-year period, ARVR has performed better with a 22.77% return vs 21.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARVR or GGTL?

ARVR is cheaper with a 0.70% expense ratio, compared with 0.90% for GGTL.

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

GGTL has the higher dividend yield at 0.84%, compared with 0.47% for ARVR.

What is the main difference between ARVR and GGTL?

They also come from different issuers: First Trust and Gabelli. Their fees differ too: 0.70% for ARVR and 0.90% for GGTL.

Which has better risk-adjusted returns?

GGTL currently has the higher Sharpe Ratio (2.10 vs 1.13), 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.