METV vs SPY
Roundhill Ball 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 503 holdings.
Side-by-Side Comparison
| Metric | METV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.09% | |
| AUM | $213M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 42 | 505 | |
| YTD Return | +0.36% | +14.47% | |
| 1Y Return | -0.65% | +21.96% | |
| 3Y Return (annualized) | +24.66% | +21.70% | |
| 5Y Return (annualized) | +5.61% | +13.30% | |
| Volatility (annualized) | 26.9% | 15.3% | |
| Max Drawdown | -59.6% | -56.5% | |
| Fund Family | Roundhill Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 30, 2021 | Jan 22, 1993 |
METV vs SPY Performance
Roundhill Ball Metaverse ETF (METV) is a ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year METV returned -0.65% while SPY returned +21.96%. Year to date, METV is up 0.36% versus a gain of 14.47% for SPY.
Over three years, METV compounded at +24.66% per year against +21.70% for SPY; over five years the annualized figures are +5.61% and +13.30% respectively. Across the full 5-year window we track, SPY has the edge at +8.87% annualized vs +4.95%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
METV has been the more volatile fund, with annualized monthly volatility of 26.9% 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 -59.6% for METV 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
METV charges 0.58% per year while SPY charges 0.09%. On a $10,000 position that is $58 vs $9 annually, a gap of $49 per year that compounds over a long holding period. On income, METV currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
METV and SPY share 17 holdings out of 526 unique holdings combined, representing a 25.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, METV or SPY?
METV has an expense ratio of 0.58% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, METV or SPY?
Over the past year METV returned -0.65% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), METV annualized +4.95% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, METV or SPY?
METV has been the more volatile fund at 26.9% annualized versus 15.3% for SPY. Worst drawdown: METV -59.6% vs SPY -56.5%.
Should I hold both METV and SPY?
METV and SPY have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between METV and SPY?
METV and SPY share 17 common holdings with a 25.9% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, METV or SPY?
METV yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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