METV vs. KROP

Last updated Jun 5, 2026

METV (Roundhill Ball Metaverse ETF) and KROP (Global X AgTech & Food Innovation ETF) are both Technology Equities funds - METV tracks the Ball Metaverse Index - Benchmark TR Net while KROP tracks the Solactive AgTech & Food Innovation Index. Both are passively managed. Over the past 3 years, METV returned 23.73%/yr vs 0.72%/yr for KROP. A 0.51 correlation means they provide meaningful diversification when combined. METV charges 0.75%/yr vs 0.50%/yr for KROP.

Performance

METV vs. KROP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Ball Metaverse ETF (METV) and Global X AgTech & Food Innovation ETF (KROP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METV achieves a 1.22% return, which is significantly lower than KROP's 16.59% return.

METV

• 1D: -0.31%
• 1M: 4.28%
• YTD: 1.22%
• 6M: -2.09%
• 1Y: 18.99%
• 3Y*: 23.73%
• 5Y*: —
• 10Y*: —

KROP

• 1D: 0.22%
• 1M: -0.70%
• YTD: 16.59%
• 6M: 14.86%
• 1Y: 12.86%
• 3Y*: 0.72%
• 5Y*: —
• 10Y*: —

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

METV vs. KROP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
METV Roundhill Ball Metaverse ETF	1.22%	30.83%	24.93%	60.57%	-52.66%	2.85%
KROP Global X AgTech & Food Innovation ETF	16.59%	7.95%	-8.74%	-23.86%	-27.23%	-18.75%

Correlation

The correlation between METV and KROP is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.51

Over the past year, the correlation between METV and KROP has dropped to 0.21 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

METV vs. KROP - Sectors Allocation Comparison

Sectors	METV	KROP
Technology	50.4%	-
Communication Services	38.1%	-
Consumer Cyclical	8.2%	0.3%
Financial Services	3.3%	-
Basic Materials	-	32.1%
Consumer Defensive	-	26.3%
Energy	-	-
Healthcare	-	0.3%
Industrials	-	39.7%
Real Estate	-	-
Utilities	-	-

Return for Risk

METV vs. KROP — Risk / Return Rank

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

METV

METV Risk / Return Rank: 21
METV Sharpe Ratio Rank: 23
METV Sortino Ratio Rank: 23
METV Omega Ratio Rank: 23
METV Calmar Ratio Rank: 17
METV Martin Ratio Rank: 17

KROP

KROP Risk / Return Rank: 23
KROP Sharpe Ratio Rank: 24
KROP Sortino Ratio Rank: 24
KROP Omega Ratio Rank: 23
KROP Calmar Ratio Rank: 24
KROP Martin Ratio Rank: 22

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.

METV vs. KROP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Ball Metaverse ETF (METV) and Global X AgTech & Food Innovation ETF (KROP). 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.

	METV	KROP	Difference
Sharpe ratio: Return per unit of total volatility	0.80	0.81	-0.01
Sortino ratio: Return per unit of downside risk	1.20	1.24	-0.04
Omega ratio: Gain probability vs. loss probability	1.15	1.15	0.00
Calmar ratio: Return relative to maximum drawdown	0.67	1.14	-0.47
Martin ratio: Return relative to average drawdown	1.55	2.58	-1.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

METV vs. KROP - Sharpe Ratio Comparison

The current METV Sharpe Ratio is 0.80, which is comparable to the KROP Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of METV and KROP, 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

	METV	KROP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	0.81	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	-0.57	+0.73

Drawdowns

METV vs. KROP - Drawdown Comparison

The maximum METV drawdown since its inception was -59.64%, roughly equal to the maximum KROP drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for METV and KROP.

Drawdown Indicators

	METV	KROP	Difference
Max Drawdown Largest peak-to-trough decline	-59.64%	-61.96%	+2.32%
Max Drawdown (1Y) Largest decline over 1 year	-28.27%	-11.29%	-16.98%
Max Drawdown (3Y) Largest decline over 3 years	-28.27%	-28.70%	+0.43%
Current Drawdown Current decline from peak	-10.47%	-48.93%	+38.46%
Average Drawdown Average peak-to-trough decline	-25.99%	-44.50%	+18.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.31%	4.99%	+7.32%

Volatility

METV vs. KROP - Volatility Comparison

Roundhill Ball Metaverse ETF (METV) has a higher volatility of 5.67% compared to Global X AgTech & Food Innovation ETF (KROP) at 4.69%. This indicates that METV's price experiences larger fluctuations and is considered to be riskier than KROP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METV	KROP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.67%	4.69%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	17.64%	11.98%	+5.66%
Volatility (1Y) Calculated over the trailing 1-year period	23.87%	16.04%	+7.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.94%	22.27%	+7.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.94%	22.27%	+7.67%

METV vs. KROP - Expense Ratio Comparison

METV has a 0.75% expense ratio, which is higher than KROP's 0.50% expense ratio.

Dividends

METV vs. KROP - Dividend Comparison

METV's dividend yield for the trailing twelve months is around 0.18%, less than KROP's 2.34% yield.

Position	TTM	2025	2024	2023	2022	2021
KROP Global X AgTech & Food Innovation ETF	2.34%	2.73%	1.89%	1.36%	0.71%	0.69%
METV Roundhill Ball Metaverse ETF	0.18%	0.18%	0.00%	0.17%	0.09%	0.00%

Frequently Asked Questions

Can I hold both METV and KROP in my portfolio?

METV and KROP have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, METV or KROP?

METV has higher volatility (5.67%) compared to KROP (4.69%). In terms of maximum drawdown, METV dropped -59.64% vs KROP's -61.96%.

Which ETF is better, METV or KROP?

On 3-year performance, METV leads with 23.73% vs 0.72% for KROP. On fees, KROP is cheaper at 0.50% per year. On volatility, KROP has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METV or KROP?

Over the 3-year period, METV has performed better with a 23.73% return vs 0.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METV or KROP?

KROP is cheaper with a 0.50% expense ratio, compared with 0.75% for METV.

Which ETF pays a higher dividend yield, METV or KROP?

KROP has the higher dividend yield at 2.34%, compared with 0.18% for METV.

What is the main difference between METV and KROP?

METV tracks Ball Metaverse Index - Benchmark TR Net, while KROP tracks Solactive AgTech & Food Innovation Index. They also come from different issuers: Roundhill Investments and Global X. Their fees differ too: 0.75% for METV and 0.50% for KROP.

Which has better risk-adjusted returns?

KROP currently has the higher Sharpe Ratio (0.81 vs 0.80), 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.