NERD vs. METV

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill Video Games ETF (NERD) and Roundhill Ball Metaverse ETF (METV).

NERD and METV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NERD is an actively managed fund by Roundhill Investments. It was launched on Jun 4, 2019. METV is a passively managed fund by Roundhill Investments that tracks the performance of the Ball Metaverse Index - Benchmark TR Net. It was launched on Jun 30, 2021.

Performance

NERD vs. METV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Video Games ETF (NERD) and Roundhill Ball Metaverse ETF (METV). The values are adjusted to include any dividend payments, if applicable.

NERD vs. METV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NERD Roundhill Video Games ETF	-13.51%	23.14%	28.52%	12.94%	-43.30%	-21.23%
METV Roundhill Ball Metaverse ETF	-15.18%	30.83%	24.93%	60.57%	-52.66%	0.40%

Returns By Period

In the year-to-date period, NERD achieves a -13.51% return, which is significantly higher than METV's -15.18% return.

NERD

• 1D: 3.37%
• 1M: -3.99%
• YTD: -13.51%
• 6M: -24.97%
• 1Y: 2.65%
• 3Y*: 12.82%
• 5Y*: -7.75%
• 10Y*: —

METV

• 1D: 4.46%
• 1M: -4.21%
• YTD: -15.18%
• 6M: -22.53%
• 1Y: 18.30%
• 3Y*: 19.45%
• 5Y*: —
• 10Y*: —

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

NERD vs. METV - Expense Ratio Comparison

NERD has a 0.50% expense ratio, which is lower than METV's 0.75% expense ratio.

METV

Roundhill Ball Metaverse ETF

NERD

Roundhill Video Games ETF

Return for Risk

NERD vs. METV — Risk / Return Rank

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

NERD

NERD Risk / Return Rank: 14
NERD Sharpe Ratio Rank: 15
NERD Sortino Ratio Rank: 16
NERD Omega Ratio Rank: 15
NERD Calmar Ratio Rank: 12
NERD Martin Ratio Rank: 12

METV

METV Risk / Return Rank: 33
METV Sharpe Ratio Rank: 36
METV Sortino Ratio Rank: 40
METV Omega Ratio Rank: 36
METV Calmar Ratio Rank: 28
METV Martin Ratio Rank: 24

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.

NERD vs. METV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Video Games ETF (NERD) and Roundhill Ball Metaverse ETF (METV). 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.

	NERD	METV	Difference
Sharpe ratio Return per unit of total volatility	0.12	0.64	-0.52
Sortino ratio Return per unit of downside risk	0.34	1.08	-0.75
Omega ratio Gain probability vs. loss probability	1.04	1.14	-0.10
Calmar ratio Return relative to maximum drawdown	-0.01	0.61	-0.63
Martin ratio Return relative to average drawdown	-0.03	1.63	-1.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NERD vs. METV - Sharpe Ratio Comparison

The current NERD Sharpe Ratio is 0.12, which is lower than the METV Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of NERD and METV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NERD	METV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	0.64	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.04	+0.18

Correlation

The correlation between NERD and METV is 0.77, 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.

Dividends

NERD vs. METV - Dividend Comparison

NERD's dividend yield for the trailing twelve months is around 0.73%, more than METV's 0.21% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
NERD Roundhill Video Games ETF	0.73%	0.63%	1.74%	1.07%	0.69%	0.02%	1.05%	0.31%
METV Roundhill Ball Metaverse ETF	0.21%	0.18%	0.00%	0.17%	0.09%	0.00%	0.00%	0.00%

Drawdowns

NERD vs. METV - Drawdown Comparison

The maximum NERD drawdown since its inception was -65.58%, which is greater than METV's maximum drawdown of -59.64%. Use the drawdown chart below to compare losses from any high point for NERD and METV.

Drawdown Indicators

	NERD	METV	Difference
Max Drawdown Largest peak-to-trough decline	-65.58%	-59.64%	-5.94%
Max Drawdown (1Y) Largest decline over 1 year	-29.67%	-28.27%	-1.40%
Max Drawdown (5Y) Largest decline over 5 years	-60.29%	—	—
Current Drawdown Current decline from peak	-43.90%	-24.97%	-18.93%
Average Drawdown Average peak-to-trough decline	-35.69%	-26.41%	-9.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.39%	10.62%	+1.77%

Volatility

NERD vs. METV - Volatility Comparison

The current volatility for Roundhill Video Games ETF (NERD) is 8.37%, while Roundhill Ball Metaverse ETF (METV) has a volatility of 9.46%. This indicates that NERD experiences smaller price fluctuations and is considered to be less risky than METV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NERD	METV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.37%	9.46%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	15.05%	18.94%	-3.89%
Volatility (1Y) Calculated over the trailing 1-year period	22.85%	28.94%	-6.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.66%	30.23%	-5.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.71%	30.23%	-4.52%