PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
METV vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between METV and SPY is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.8

Performance

METV vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Ball Metaverse ETF (METV) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
-3.13%
44.79%
METV
SPY

Key characteristics

Sharpe Ratio

METV:

1.46

SPY:

2.21

Sortino Ratio

METV:

2.04

SPY:

2.93

Omega Ratio

METV:

1.25

SPY:

1.41

Calmar Ratio

METV:

0.87

SPY:

3.26

Martin Ratio

METV:

7.13

SPY:

14.43

Ulcer Index

METV:

4.27%

SPY:

1.90%

Daily Std Dev

METV:

20.81%

SPY:

12.41%

Max Drawdown

METV:

-59.64%

SPY:

-55.19%

Current Drawdown

METV:

-13.34%

SPY:

-2.74%

Returns By Period

In the year-to-date period, METV achieves a 26.93% return, which is significantly higher than SPY's 25.54% return.


METV

YTD

26.93%

1M

3.84%

6M

12.04%

1Y

27.81%

5Y*

N/A

10Y*

N/A

SPY

YTD

25.54%

1M

-0.42%

6M

8.90%

1Y

25.98%

5Y*

14.66%

10Y*

12.97%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


METV vs. SPY - Expense Ratio Comparison

METV has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.


METV
Roundhill Ball Metaverse ETF
Expense ratio chart for METV: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

METV vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Ball Metaverse ETF (METV) and SPDR S&P 500 ETF (SPY). 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.


Sharpe ratio
The chart of Sharpe ratio for METV, currently valued at 1.46, compared to the broader market0.002.004.001.462.21
The chart of Sortino ratio for METV, currently valued at 2.04, compared to the broader market-2.000.002.004.006.008.0010.002.042.93
The chart of Omega ratio for METV, currently valued at 1.25, compared to the broader market0.501.001.502.002.503.001.251.41
The chart of Calmar ratio for METV, currently valued at 0.87, compared to the broader market0.005.0010.0015.000.873.26
The chart of Martin ratio for METV, currently valued at 7.13, compared to the broader market0.0020.0040.0060.0080.00100.007.1314.43
METV
SPY

The current METV Sharpe Ratio is 1.46, which is lower than the SPY Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of METV and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
1.46
2.21
METV
SPY

Dividends

METV vs. SPY - Dividend Comparison

METV's dividend yield for the trailing twelve months is around 0.13%, less than SPY's 0.86% yield.


TTM20232022202120202019201820172016201520142013
METV
Roundhill Ball Metaverse ETF
0.13%0.17%0.08%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
0.86%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

METV vs. SPY - Drawdown Comparison

The maximum METV drawdown since its inception was -59.64%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for METV and SPY. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-13.34%
-2.74%
METV
SPY

Volatility

METV vs. SPY - Volatility Comparison

Roundhill Ball Metaverse ETF (METV) has a higher volatility of 6.32% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that METV's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
6.32%
3.72%
METV
SPY
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab