ARVR vs SPY
First Trust Indxx Metaverse ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ARVR or SPY?
ARVR has been ahead.
SPY has a lower expense ratio. ARVR led over 1Y, 3Y and the full window. ARVR is less concentrated, with 35.3% of the fund in its ten largest positions against 38.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ARVR | SPY |
|---|---|---|
| Expense Ratio | 0.70% | 0.09%Best |
| AUM | $6M | $814.4B |
| Dividend Yield | 0.69% | 1.01% |
| Holdings | 89 | 505 |
| YTD Return | +16.13%Best | +13.34% |
| 1Y Return | +21.52%Best | +19.97% |
| 3Y Return (annualized) | +24.16%Best | +21.20% |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 21.8% | 15.1%Best |
| Max Drawdown | -26.3% | -19.1%Best |
| $10,000 over 4.4 years | $20,127Best | $18,411 |
| Top 10 Weight | 35.3%Best | 38.0% |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 19, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Apr 20, 2022 to Sep 4, 2026 (4.4 years).
ARVR vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.4 years both funds cover.
ARVR vs SPY Performance
First Trust Indxx Metaverse ETF (ARVR) is an ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year ARVR returned +21.52% while SPY returned +19.97%. Year to date, ARVR is up 16.13% versus a gain of 13.34% for SPY.
Over three years, ARVR compounded at +24.16% per year against +21.20% for SPY. Across the full 4-year window we track, ARVR has the edge at +17.23% annualized vs +14.88%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ARVR has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 15.1% 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 -19.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
46.3% of ARVR's money is in holdings SPY also owns. 27.3% of SPY's money is in holdings ARVR also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 41 positions we hold weights for in ARVR and 504 in SPY, against full books of 89 and 505.
What only one of them owns
Our book lists 481 positions for SPY that do not appear in our book for ARVR (72.1% of the fund), and 6 for ARVR that do not appear in SPY (13.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ARVR | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 3.43% | 7.71% | 4.28% |
| AAPLApple, Inc | 3.11% | 6.83% | 3.72% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.02% | 5.50% | 1.48% |
| METAMeta Platform Inc | 2.95% | 1.94% | 1.01% |
| MUMicron Technology, Inc. | 2.85% | 1.51% | 1.34% |
| AMDAdvanced Micro Devices Inc | 2.80% | 1.27% | 1.53% |
| ADBEAdobe Systems | 3.69% | 0.16% | 3.53% |
| APHAmphenol Corp. Class A | 3.36% | 0.32% | 3.04% |
| NFLXNetflix, Inc. | 3.11% | 0.47% | 2.64% |
| INTCIntel Corporation | 2.85% | 0.72% | 2.13% |
46.3% of ARVR is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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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, by $61 a year on a $10,000 investment.
Which performed better, ARVR or SPY?
Over the past year ARVR returned +21.52% vs +19.97% for SPY, so ARVR leads on 1-year performance. Over the longest common window we track (4 years), ARVR annualized +17.23% vs +14.88% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ARVR or SPY?
ARVR has been the more volatile fund at 21.8% annualized versus 15.1% for SPY. Worst drawdown: ARVR -26.3% vs SPY -19.1%.
Should I hold both ARVR and SPY?
ARVR and SPY have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ARVR and SPY?
46.3% of ARVR's money is in holdings SPY also owns. 27.3% of SPY's is in holdings ARVR also owns. They hold 15 positions in common, counted across the 41 positions we hold weights for in ARVR and 504 in SPY.
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.
Is SPY better than ARVR?
SPY has a lower expense ratio. ARVR led over 1Y, 3Y and the full window. ARVR is less concentrated, with 35.3% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.