ARVR vs. GRID
ARVR (First Trust Indxx Metaverse ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - ARVR is a Technology Equities fund tracking the Indxx Metaverse Index - Benchmark TR Net, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 3 years, ARVR returned 22.51%/yr vs 24.08%/yr for GRID. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.70% expense ratio.
Performance
ARVR vs. GRID - Performance Comparison
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Returns By Period
In the year-to-date period, ARVR achieves a 12.76% return, which is significantly lower than GRID's 23.03% return.
ARVR
- 1D
- -0.63%
- 1M
- -0.98%
- YTD
- 12.76%
- 6M
- 12.48%
- 1Y
- 20.02%
- 3Y*
- 22.51%
- 5Y*
- —
- 10Y*
- —
GRID
- 1D
- -0.30%
- 1M
- -2.26%
- YTD
- 23.03%
- 6M
- 21.65%
- 1Y
- 39.31%
- 3Y*
- 24.08%
- 5Y*
- 16.47%
- 10Y*
- 19.91%
ARVR vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ARVR First Trust Indxx Metaverse ETF | 12.76% | 29.07% | 10.11% | 43.39% | -17.45% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 23.03% | 29.65% | 15.18% | 21.57% | -2.90% |
Correlation
The correlation between ARVR and GRID 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2022 | 0.78 |
The correlation between ARVR and GRID has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
ARVR vs. GRID — Risk / Return Rank
ARVR
GRID
ARVR vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Metaverse ETF (ARVR) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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 | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.33 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.37 | -2.23 |
| Martin ratioReturn relative to average drawdown | 3.38 | 11.90 | -8.53 |
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Drawdowns
ARVR vs. GRID - Drawdown Comparison
The maximum ARVR drawdown since its inception was -26.40%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for ARVR and GRID.
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Drawdown Indicators
| ARVR | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.40% | -40.56% | +14.16% |
Max Drawdown (1Y)Largest decline over 1 year | -17.73% | -11.73% | -6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -20.77% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.56% | — |
Current DrawdownCurrent decline from peak | -5.76% | -5.83% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -8.42% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.94% | 3.31% | +2.63% |
Volatility
ARVR vs. GRID - Volatility Comparison
First Trust Indxx Metaverse ETF (ARVR) has a higher volatility of 10.68% compared to First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) at 10.09%. This indicates that ARVR's price experiences larger fluctuations and is considered to be riskier than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARVR | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 10.09% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 17.58% | 18.22% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.42% | 21.25% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.77% | 21.36% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.77% | 22.79% | +0.98% |
ARVR vs. GRID - Expense Ratio Comparison
Both ARVR and GRID have an expense ratio of 0.70%.
Dividends
ARVR vs. GRID - Dividend Comparison
ARVR's dividend yield for the trailing twelve months is around 0.47%, less than GRID's 0.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARVR First Trust Indxx Metaverse ETF | 0.47% | 0.53% | 0.81% | 0.11% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 0.80% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
Frequently Asked Questions
ARVR and GRID 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.
ARVR has higher volatility (10.68%) compared to GRID (10.09%). In terms of maximum drawdown, ARVR dropped -26.40% vs GRID's -40.56%.
On 3-year performance, GRID leads with 24.08% vs 22.51% for ARVR. Both ETFs have the same 0.70% expense ratio. On volatility, GRID has been the lower-risk option at 10.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GRID has performed better with a 24.08% return vs 22.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARVR and GRID have the same expense ratio: 0.70% per year.
GRID has the higher dividend yield at 0.80%, compared with 0.47% for ARVR.
ARVR is categorized as Technology Equities, while GRID is Alternative Energy Equities. ARVR tracks Indxx Metaverse Index - Benchmark TR Net, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index.
GRID currently has the higher Sharpe Ratio (1.87 vs 0.95), 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.
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