IVRS vs. FFOG

Last updated Jun 24, 2026

IVRS (iShares Future Metaverse Tech And Communications ETF) and FFOG (Franklin Focused Growth ETF) are both exchange-traded funds - IVRS is a Technology Equities fund tracking the Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while FFOG is a Large Cap Growth Equities fund actively managed by Franklin Templeton. IVRS is passively managed, while FFOG is actively managed. Over the past year, IVRS returned -6.88% vs 17.51% for FFOG. A 0.75 correlation means they provide meaningful diversification when combined. IVRS charges 0.47%/yr vs 0.55%/yr for FFOG.

Performance

IVRS vs. FFOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Future Metaverse Tech And Communications ETF (IVRS) and Franklin Focused Growth ETF (FFOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVRS achieves a -9.21% return, which is significantly lower than FFOG's 5.41% return.

IVRS

• 1D: -1.89%
• 1M: -4.92%
• YTD: -9.21%
• 6M: -10.90%
• 1Y: -6.88%
• 3Y*: 7.89%
• 5Y*: —
• 10Y*: —

FFOG

• 1D: -3.52%
• 1M: -1.89%
• YTD: 5.41%
• 6M: 3.83%
• 1Y: 17.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVRS vs. FFOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IVRS iShares Future Metaverse Tech And Communications ETF	-9.21%	12.75%	7.40%	12.11%
FFOG Franklin Focused Growth ETF	5.41%	17.09%	38.20%	12.25%

Correlation

The correlation between IVRS and FFOG is 0.72, 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	0.72
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023	0.75

The correlation between IVRS and FFOG has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.

IVRS vs. FFOG - Sectors Allocation Comparison

Sectors	IVRS	FFOG
Technology	51.6%	58.2%
Communication Services	28.5%	12.9%
Financial Services	19.9%	2.4%
Consumer Cyclical	3.1%	11.7%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	0.7%
Healthcare	-	5.6%
Industrials	-	6.1%
Real Estate	-	-
Utilities	-	1.6%

Return for Risk

IVRS vs. FFOG — Risk / Return Rank

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

IVRS

IVRS Risk / Return Rank: 7
IVRS Sharpe Ratio Rank: 6
IVRS Sortino Ratio Rank: 6
IVRS Omega Ratio Rank: 6
IVRS Calmar Ratio Rank: 7
IVRS Martin Ratio Rank: 7

FFOG

FFOG Risk / Return Rank: 22
FFOG Sharpe Ratio Rank: 23
FFOG Sortino Ratio Rank: 22
FFOG Omega Ratio Rank: 23
FFOG Calmar Ratio Rank: 19
FFOG Martin Ratio Rank: 21

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.

IVRS vs. FFOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future Metaverse Tech And Communications ETF (IVRS) and Franklin Focused Growth ETF (FFOG). 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.

	IVRS	FFOG	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	0.81	-1.11
Sortino ratio: Return per unit of downside risk	-0.27	1.18	-1.45
Omega ratio: Gain probability vs. loss probability	0.97	1.15	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.22	0.80	-1.02
Martin ratio: Return relative to average drawdown	-0.45	2.35	-2.80

IVRS vs. FFOG - Sharpe Ratio Comparison

The current IVRS Sharpe Ratio is -0.30, which is lower than the FFOG Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of IVRS and FFOG, 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

IVRS vs. FFOG - Drawdown Comparison

The maximum IVRS drawdown since its inception was -31.43%, which is greater than FFOG's maximum drawdown of -25.38%. Use the drawdown chart below to compare losses from any high point for IVRS and FFOG.

Drawdown Indicators

	IVRS	FFOG	Difference
Max Drawdown Largest peak-to-trough decline	-31.43%	-25.38%	-6.05%
Max Drawdown (1Y) Largest decline over 1 year	-31.43%	-21.90%	-9.53%
Max Drawdown (3Y) Largest decline over 3 years	-31.43%	—	—
Current Drawdown Current decline from peak	-21.89%	-5.68%	-16.21%
Average Drawdown Average peak-to-trough decline	-6.03%	-4.58%	-1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.29%	7.46%	+7.83%

Volatility

IVRS vs. FFOG - Volatility Comparison

The current volatility for iShares Future Metaverse Tech And Communications ETF (IVRS) is 8.09%, while Franklin Focused Growth ETF (FFOG) has a volatility of 9.49%. This indicates that IVRS experiences smaller price fluctuations and is considered to be less risky than FFOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVRS	FFOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.09%	9.49%	-1.40%
Volatility (6M) Calculated over the trailing 6-month period	19.82%	17.45%	+2.37%
Volatility (1Y) Calculated over the trailing 1-year period	22.78%	21.79%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.71%	24.19%	-3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.71%	24.19%	-3.48%

IVRS vs. FFOG - Expense Ratio Comparison

IVRS has a 0.47% expense ratio, which is lower than FFOG's 0.55% expense ratio.

Dividends

IVRS vs. FFOG - Dividend Comparison

IVRS's dividend yield for the trailing twelve months is around 8.82%, while FFOG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
FFOG Franklin Focused Growth ETF	0.00%	0.00%	0.00%	0.00%
IVRS iShares Future Metaverse Tech And Communications ETF	8.82%	7.88%	6.65%	0.48%

Frequently Asked Questions

Can I hold both IVRS and FFOG in my portfolio?

IVRS and FFOG have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVRS or FFOG?

FFOG has higher volatility (9.49%) compared to IVRS (8.09%). In terms of maximum drawdown, IVRS dropped -31.43% vs FFOG's -25.38%.

Which ETF is better, IVRS or FFOG?

On 1-year performance, FFOG leads with 17.51% vs -6.88% for IVRS. On fees, IVRS is cheaper at 0.47% per year. On volatility, IVRS has been the lower-risk option at 8.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVRS or FFOG?

Over the 1-year period, FFOG has performed better with a 17.51% return vs -6.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVRS or FFOG?

IVRS is cheaper with a 0.47% expense ratio, compared with 0.55% for FFOG.

Which ETF pays a higher dividend yield, IVRS or FFOG?

IVRS has the higher dividend yield at 8.82%, compared with 0.00% for FFOG.

What is the main difference between IVRS and FFOG?

IVRS is categorized as Technology Equities, while FFOG is Large Cap Growth Equities. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.47% for IVRS and 0.55% for FFOG.

Which has better risk-adjusted returns?

FFOG currently has the higher Sharpe Ratio (0.81 vs -0.30), 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.