IVRS vs. XT

Last updated Jun 25, 2026

IVRS (iShares Future Metaverse Tech And Communications ETF) and XT (iShares Future Exponential Technologies ETF) are both Technology Equities funds from iShares - IVRS tracks the Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net while XT tracks the Morningstar Exponential Technologies Index (Net). Both are passively managed. Over the past 3 years, IVRS returned 7.39%/yr vs 17.57%/yr for XT. Their correlation of 0.84 suggests significant overlap in exposure. IVRS charges 0.47%/yr vs 0.46%/yr for XT.

Performance

IVRS vs. XT - Performance Comparison

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

Returns By Period

In the year-to-date period, IVRS achieves a -10.47% return, which is significantly lower than XT's 15.24% return.

IVRS

• 1D: -1.39%
• 1M: -6.24%
• YTD: -10.47%
• 6M: -12.42%
• 1Y: -9.78%
• 3Y*: 7.39%
• 5Y*: —
• 10Y*: —

XT

• 1D: -0.42%
• 1M: -0.76%
• YTD: 15.24%
• 6M: 13.65%
• 1Y: 34.32%
• 3Y*: 17.57%
• 5Y*: 7.05%
• 10Y*: 14.83%

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

IVRS vs. XT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IVRS iShares Future Metaverse Tech And Communications ETF	-10.47%	12.75%	7.40%	28.15%
XT iShares Future Exponential Technologies ETF	15.24%	26.28%	0.29%	10.99%

Correlation

The correlation between IVRS and XT 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	0.83
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023	0.84

The correlation between IVRS and XT has been stable across timeframes, ranging from 0.74 to 0.84 - a consistent structural relationship.

IVRS vs. XT - Sectors Allocation Comparison

Sectors	IVRS	XT
Technology	51.6%	46.7%
Communication Services	28.5%	4.1%
Financial Services	19.9%	3.0%
Consumer Cyclical	3.1%	7.4%
Basic Materials	-	1.7%
Consumer Defensive	-	0.0%
Energy	-	0.4%
Healthcare	-	24.1%
Industrials	-	7.7%
Real Estate	-	0.0%
Utilities	-	4.9%

Return for Risk

IVRS vs. XT — Risk / Return Rank

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

IVRS

IVRS Risk / Return Rank: 6
IVRS Sharpe Ratio Rank: 6
IVRS Sortino Ratio Rank: 6
IVRS Omega Ratio Rank: 5
IVRS Calmar Ratio Rank: 6
IVRS Martin Ratio Rank: 6

XT

XT Risk / Return Rank: 70
XT Sharpe Ratio Rank: 70
XT Sortino Ratio Rank: 65
XT Omega Ratio Rank: 65
XT Calmar Ratio Rank: 73
XT Martin Ratio Rank: 76

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. XT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future Metaverse Tech And Communications ETF (IVRS) and iShares Future Exponential Technologies ETF (XT). 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	XT	Difference
Sharpe ratio: Return per unit of total volatility	-0.43	2.01	-2.44
Sortino ratio: Return per unit of downside risk	-0.45	2.68	-3.13
Omega ratio: Gain probability vs. loss probability	0.94	1.35	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.31	3.30	-3.61
Martin ratio: Return relative to average drawdown	-0.64	13.05	-13.69

IVRS vs. XT - Sharpe Ratio Comparison

The current IVRS Sharpe Ratio is -0.43, which is lower than the XT Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of IVRS and XT, 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. XT - Drawdown Comparison

The maximum IVRS drawdown since its inception was -31.43%, smaller than the maximum XT drawdown of -34.41%. Use the drawdown chart below to compare losses from any high point for IVRS and XT.

Drawdown Indicators

	IVRS	XT	Difference
Max Drawdown Largest peak-to-trough decline	-31.43%	-34.41%	+2.98%
Max Drawdown (1Y) Largest decline over 1 year	-31.43%	-10.45%	-20.98%
Max Drawdown (3Y) Largest decline over 3 years	-31.43%	-22.09%	-9.34%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.41%	—
Current Drawdown Current decline from peak	-22.98%	-4.59%	-18.39%
Average Drawdown Average peak-to-trough decline	-6.05%	-7.39%	+1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.36%	2.64%	+12.72%

Volatility

IVRS vs. XT - Volatility Comparison

iShares Future Metaverse Tech And Communications ETF (IVRS) and iShares Future Exponential Technologies ETF (XT) have volatilities of 8.14% and 8.06%, 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

	IVRS	XT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.14%	8.06%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	19.86%	13.76%	+6.10%
Volatility (1Y) Calculated over the trailing 1-year period	22.81%	17.30%	+5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.71%	21.00%	-0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.71%	20.12%	+0.59%

IVRS vs. XT - Expense Ratio Comparison

IVRS has a 0.47% expense ratio, which is higher than XT's 0.46% expense ratio.

Dividends

IVRS vs. XT - Dividend Comparison

IVRS's dividend yield for the trailing twelve months is around 8.95%, more than XT's 7.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVRS iShares Future Metaverse Tech And Communications ETF	8.95%	7.88%	6.65%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XT iShares Future Exponential Technologies ETF	7.11%	7.95%	0.66%	0.41%	0.78%	0.84%	0.77%	1.55%	1.40%	0.97%	1.37%	1.34%

Frequently Asked Questions

Can I hold both IVRS and XT in my portfolio?

IVRS and XT 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, IVRS or XT?

IVRS has higher volatility (8.14%) compared to XT (8.06%). In terms of maximum drawdown, IVRS dropped -31.43% vs XT's -34.41%.

Which ETF is better, IVRS or XT?

On 3-year performance, XT leads with 17.57% vs 7.39% for IVRS. On fees, XT is cheaper at 0.46% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVRS or XT?

Over the 3-year period, XT has performed better with a 17.57% return vs 7.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVRS or XT?

XT is cheaper with a 0.46% expense ratio, compared with 0.47% for IVRS.

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

IVRS has the higher dividend yield at 8.95%, compared with 7.11% for XT.

What is the main difference between IVRS and XT?

IVRS tracks Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while XT tracks Morningstar Exponential Technologies Index (Net). Their fees differ too: 0.47% for IVRS and 0.46% for XT.

Which has better risk-adjusted returns?

XT currently has the higher Sharpe Ratio (2.01 vs -0.43), 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.