METV vs. XPAY

Last updated Aug 5, 2026

METV (Roundhill Ball Metaverse ETF) and XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) are both exchange-traded funds - METV is a Technology Equities fund tracking the Ball Metaverse Index - Benchmark TR Net, while XPAY is a Derivative Income fund actively managed by Roundhill. METV is passively managed, while XPAY is actively managed. Over the past year, METV returned 4.54% vs 22.82% for XPAY. Their 0.79 correlation means they have sometimes moved together and sometimes differently. METV charges 0.75%/yr vs 0.49%/yr for XPAY.

Performance

METV vs. XPAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Ball Metaverse ETF (METV) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METV achieves a 1.19% return, which is significantly lower than XPAY's 13.44% return.

METV

• 1D: 2.00%
• 1M: 1.46%
• 6M: 9.40%
• YTD: 1.19%
• 1Y: 4.54%
• 3Y*: 22.55%
• 5Y*: 5.32%
• 10Y*: —
• ALL TIME*: 4.73%

XPAY

• 1D: 1.90%
• 1M: 3.56%
• 6M: 12.13%
• YTD: 13.44%
• 1Y: 22.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.41%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
METV Roundhill Ball Metaverse ETF	$763.15K	$886.46K	$952.24K
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	$2.13M	$2.61M	$3.74M

METV vs. XPAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
METV Roundhill Ball Metaverse ETF	1.19%	30.83%	6.36%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	13.44%	16.78%	1.60%

Correlation

The correlation between METV and XPAY is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (All Time) Calculated using the full available price history since Oct 31, 2024	0.79

The correlation between METV and XPAY has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.

METV vs. XPAY - Sectors Allocation Comparison

Sectors	METV	XPAY
Technology	54.1%	38.5%
Communication Services	17.7%	9.9%
Consumer Cyclical	7.7%	9.5%
Financial Services	3.1%	11.6%
Basic Materials	-	1.7%
Consumer Defensive	-	4.5%
Energy	-	3.0%
Healthcare	-	8.9%
Industrials	-	8.4%
Real Estate	-	1.8%
Utilities	-	2.2%

Return for Risk

METV vs. XPAY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

METV

METV Risk / Return Rank: 13
METV Sharpe Ratio Rank: 14
METV Sortino Ratio Rank: 14
METV Omega Ratio Rank: 14
METV Calmar Ratio Rank: 12
METV Martin Ratio Rank: 13

XPAY

XPAY Risk / Return Rank: 68
XPAY Sharpe Ratio Rank: 70
XPAY Sortino Ratio Rank: 68
XPAY Omega Ratio Rank: 68
XPAY Calmar Ratio Rank: 62
XPAY Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

METV vs. XPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Ball Metaverse ETF (METV) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). 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.

	METV	XPAY	Difference
Sharpe ratio: Return per unit of total volatility	0.18	1.81	-1.63
Sortino ratio: Return per unit of downside risk	0.42	2.49	-2.08
Omega ratio: Gain probability vs. loss probability	1.05	1.32	-0.27
Calmar ratio: Return relative to maximum drawdown	0.16	2.45	-2.29
Martin ratio: Return relative to average drawdown	0.34	10.43	-10.09

METV vs. XPAY - Sharpe Ratio Comparison

The current METV Sharpe Ratio is 0.18, which is lower than the XPAY Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of METV and XPAY, 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

METV vs. XPAY - Drawdown Comparison

The maximum METV drawdown since its inception was -59.64%, which is greater than XPAY's maximum drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for METV and XPAY.

Drawdown Indicators

	METV	XPAY	Difference
Max Drawdown Largest peak-to-trough decline	-59.64%	-18.20%	-41.44%
Max Drawdown (1Y) Largest decline over 1 year	-28.27%	-9.34%	-18.93%
Max Drawdown (3Y) Largest decline over 3 years	-28.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-59.64%	—	—
Current Drawdown Current decline from peak	-10.50%	0.00%	-10.50%
Average Drawdown Average peak-to-trough decline	-25.55%	-2.33%	-23.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.37%	2.19%	+11.18%

Volatility

METV vs. XPAY - Volatility Comparison

Roundhill Ball Metaverse ETF (METV) has a higher volatility of 6.49% compared to Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) at 4.00%. This indicates that METV's price experiences larger fluctuations and is considered to be riskier than XPAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METV	XPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	4.00%	+2.49%
Volatility (6M) Calculated over the trailing 6-month period	19.50%	10.16%	+9.34%
Volatility (1Y) Calculated over the trailing 1-year period	25.39%	12.76%	+12.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.11%	16.60%	+13.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.89%	16.60%	+13.29%

METV vs. XPAY - Expense Ratio Comparison

METV has a 0.75% expense ratio, which is higher than XPAY's 0.49% expense ratio.

Dividends

METV vs. XPAY - Dividend Comparison

METV's dividend yield for the trailing twelve months is around 0.18%, less than XPAY's 20.39% yield.

Position	TTM	2025	2024	2023	2022
METV Roundhill Ball Metaverse ETF	0.18%	0.18%	0.00%	0.17%	0.09%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	20.39%	21.21%	3.40%	0.00%	0.00%

Frequently Asked Questions

Can I hold both METV and XPAY in my portfolio?

METV and XPAY 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, METV or XPAY?

METV has higher volatility (6.49%) compared to XPAY (4.00%). In terms of maximum drawdown, METV dropped -59.64% vs XPAY's -18.20%.

Which ETF is better, METV or XPAY?

On 1-year performance, XPAY leads with 22.82% vs 4.54% for METV. On fees, XPAY is cheaper at 0.49% per year. On volatility, XPAY has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METV or XPAY?

Over the 1-year period, XPAY has performed better with a 22.82% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METV or XPAY?

XPAY is cheaper with a 0.49% expense ratio, compared with 0.75% for METV.

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

XPAY has the higher dividend yield at 20.39%, compared with 0.18% for METV.

What is the main difference between METV and XPAY?

METV is categorized as Technology Equities, while XPAY is Derivative Income. Their fees differ too: 0.75% for METV and 0.49% for XPAY.

Which has better risk-adjusted returns?

XPAY currently has the higher Sharpe Ratio (1.81 vs 0.18), 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.