ARVR vs SPY
First Trust Indxx Metaverse ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ARVR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.09% | |
| AUM | $6M | $821.1B | |
| Dividend Yield | 0.69% | 1.01% | |
| Holdings | 45 | 505 | |
| YTD Return | +16.09% | +14.24% | |
| 1Y Return | +20.66% | +21.71% | |
| 3Y Return (annualized) | +25.13% | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 22.1% | 15.3% | |
| Max Drawdown | -26.3% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 19, 2022 | Jan 22, 1993 |
ARVR vs SPY Performance
First Trust Indxx Metaverse ETF (ARVR) is a ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ARVR returned +20.66% while SPY returned +21.71%. Year to date, ARVR is up 16.09% versus a gain of 14.24% for SPY.
Over three years, ARVR compounded at +25.13% per year against +22.10% for SPY. Across the full 4-year window we track, ARVR has the edge at +17.47% annualized vs +8.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ARVR has been the more volatile fund, with annualized monthly volatility of 22.1% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -26.3% for ARVR and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ARVR charges 0.70% per year while SPY charges 0.09%. On a $10,000 position that is $70 vs $9 annually, a gap of $61 per year that compounds over a long holding period. On income, ARVR currently yields 0.69% against 1.01% for SPY.
Holdings Overlap
ARVR and SPY share 15 holdings out of 530 unique holdings combined, representing a 17.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ARVR or SPY?
ARVR has an expense ratio of 0.70% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, ARVR or SPY?
Over the past year ARVR returned +20.66% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), ARVR annualized +17.47% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, ARVR or SPY?
ARVR has been the more volatile fund at 22.1% annualized versus 15.3% for SPY. Worst drawdown: ARVR -26.3% vs SPY -56.5%.
Should I hold both ARVR and SPY?
ARVR and SPY have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ARVR and SPY?
ARVR and SPY share 15 common holdings with a 17.9% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, ARVR or SPY?
ARVR yields 0.69% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.