ARVR vs. SOXX

Last updated Jun 4, 2026

ARVR (First Trust Indxx Metaverse ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - ARVR is a Technology Equities fund tracking the Indxx Metaverse Index - Benchmark TR Net, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 3 years, ARVR returned 24.89%/yr vs 57.39%/yr for SOXX. Their correlation of 0.85 suggests significant overlap in exposure. ARVR charges 0.70%/yr vs 0.34%/yr for SOXX.

Performance

ARVR vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Metaverse ETF (ARVR) and iShares Semiconductor ETF (SOXX). 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 SOXX's 104.57% return.

ARVR

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

SOXX

• 1D: 1.76%
• 1M: 33.25%
• YTD: 104.57%
• 6M: 99.43%
• 1Y: 190.05%
• 3Y*: 57.39%
• 5Y*: 34.50%
• 10Y*: 35.79%

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

ARVR vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ARVR First Trust Indxx Metaverse ETF	18.88%	29.07%	10.11%	43.39%	-17.28%
SOXX iShares Semiconductor ETF	104.57%	40.74%	12.92%	67.12%	-18.55%

Correlation

The correlation between ARVR and SOXX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Apr 21, 2022	0.85

The correlation between ARVR and SOXX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

ARVR vs. SOXX - Sectors Allocation Comparison

Sectors	ARVR	SOXX
Technology	43.8%	100.0%
Communication Services	10.4%	-
Healthcare	2.1%	-
Industrials	1.1%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ARVR vs. SOXX — 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

SOXX

SOXX Risk / Return Rank: 97
SOXX Sharpe Ratio Rank: 98
SOXX Sortino Ratio Rank: 95
SOXX Omega Ratio Rank: 95
SOXX Calmar Ratio Rank: 97
SOXX 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. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Metaverse ETF (ARVR) and iShares Semiconductor ETF (SOXX). 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	SOXX	Difference
Sharpe ratio Return per unit of total volatility	1.82	5.61	-3.79
Sortino ratio Return per unit of downside risk	2.44	5.36	-2.91
Omega ratio Gain probability vs. loss probability	1.32	1.74	-0.43
Calmar ratio Return relative to maximum drawdown	1.98	12.13	-10.15
Martin ratio Return relative to average drawdown	6.02	46.43	-40.41
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. SOXX - Sharpe Ratio Comparison

The current ARVR Sharpe Ratio is 1.82, which is lower than the SOXX Sharpe Ratio of 5.61. The chart below compares the historical Sharpe Ratios of ARVR and SOXX, 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	SOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	5.61	-3.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.96	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.45	+0.34

Drawdowns

ARVR vs. SOXX - Drawdown Comparison

The maximum ARVR drawdown since its inception was -26.25%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for ARVR and SOXX.

Drawdown Indicators

	ARVR	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-26.25%	-70.21%	+43.96%
Max Drawdown (1Y) Largest decline over 1 year	-17.73%	-15.77%	-1.96%
Max Drawdown (3Y) Largest decline over 3 years	-21.46%	-41.36%	+19.90%
Max Drawdown (5Y) Largest decline over 5 years	—	-45.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.75%	—
Current Drawdown Current decline from peak	-0.64%	0.00%	-0.64%
Average Drawdown Average peak-to-trough decline	-5.85%	-19.97%	+14.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.83%	4.11%	+1.72%

Volatility

ARVR vs. SOXX - Volatility Comparison

The current volatility for First Trust Indxx Metaverse ETF (ARVR) is 5.84%, while iShares Semiconductor ETF (SOXX) has a volatility of 14.03%. This indicates that ARVR experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARVR	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	14.03%	-8.19%
Volatility (6M) Calculated over the trailing 6-month period	14.85%	27.35%	-12.50%
Volatility (1Y) Calculated over the trailing 1-year period	19.31%	34.18%	-14.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.44%	36.11%	-12.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.44%	33.43%	-9.99%

ARVR vs. SOXX - Expense Ratio Comparison

ARVR has a 0.70% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

ARVR vs. SOXX - Dividend Comparison

ARVR's dividend yield for the trailing twelve months is around 0.45%, more than SOXX's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARVR First Trust Indxx Metaverse ETF	0.45%	0.53%	0.81%	0.11%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXX iShares Semiconductor ETF	0.27%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%

Frequently Asked Questions

Can I hold both ARVR and SOXX in my portfolio?

ARVR and SOXX have a correlation of 0.80, 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 SOXX?

SOXX has higher volatility (14.03%) compared to ARVR (5.84%). In terms of maximum drawdown, ARVR dropped -26.25% vs SOXX's -70.21%.

Which ETF is better, ARVR or SOXX?

On 3-year performance, SOXX leads with 57.39% vs 24.89% for ARVR. On fees, SOXX is cheaper at 0.34% 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 SOXX?

Over the 3-year period, SOXX has performed better with a 57.39% return vs 24.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARVR or SOXX?

SOXX is cheaper with a 0.34% expense ratio, compared with 0.70% for ARVR.

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

ARVR has the higher dividend yield at 0.45%, compared with 0.27% for SOXX.

What is the main difference between ARVR and SOXX?

ARVR is categorized as Technology Equities, while SOXX is Semiconductors. ARVR tracks Indxx Metaverse Index - Benchmark TR Net, while SOXX tracks NYSE Semiconductor Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.70% for ARVR and 0.34% for SOXX.

Which has better risk-adjusted returns?

SOXX currently has the higher Sharpe Ratio (5.61 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.