Do ARVR and FMET hold the same stocks?

By their latest filings, 39% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, ARVR or FMET?

ARVR has 47% of its weight in S&P 500 names and FMET has 59%, so ARVR differs more from the index.

Which is cheaper, ARVR or FMET?

ARVR charges 0.70% a year and FMET charges 0.39%, so FMET is cheaper. Fees come from each fund's prospectus.

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ARVR vs FMET: which is really different?

ARVR and FMET hold 39% of their weight in the same names, and ARVR returned +15.4% over the year. First Trust Indxx Metaverse ETF and Fidelity Metaverse ETF.

47.0%

ARVR in the S&P 500

58.9%

FMET in the S&P 500

+15.4%

ARVR total return, 1 year

+3.1%

FMET total return, 1 year

ARVR · 1 year to Sep 30, 202653% of its weight is outside the S&P 500

47% of ARVR's weight is in S&P 500 companies and 53% is outside the index

FMET · 1 year to Sep 30, 202641% of its weight is outside the S&P 500

59% of FMET's weight is in S&P 500 companies and 41% is outside the index

ETFIQ Off-Index Score · ARVR scores higherHow much of it is not the index it is sold as an alternative to?

ARVR 12.4

FMET 9.2

0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, ARVR and FMET hold 39% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 30, 2026.

50%

half

39% in common

Positions both hold, largest shared weight first

Holding ARVR FMET

Advanced Micro Devices, Inc. 3.39% 5.43%

Apple Inc. 3.18% 4.54%

NetEase, Inc. 2.76% 3.35%

Unity Software Inc. 4.03% 1.67%

Nexon Co., Ltd. 3.61% 1.30%

Sunny Optical Technology (Group) Company Limited 1.32% 1.09%

Krafton, Inc. 1.08% 1.18%

Grindr Inc. 1.14% 0.71%

Pearl Abyss Corp. 1.20% 0.57%

Only in ARVR

Microsoft Corporation 4.04%

Nintendo Co., Ltd. 3.48%

Meta Platforms, Inc. (Class A) 3.47%

Sony Corporation 3.43%

NVIDIA Corporation 3.41%

Adobe Incorporated 3.26%

Micron Technology, Inc. 3.24%

Intel Corporation 3.23%

Only in FMET

ALPHABET INC 4.69%

EQUINIX INC 4.68%

NVIDIA CORP 4.47%

META PLATFORMS INC 4.39%

MICROSOFT CORP 4.26%

ADOBE INC 3.87%

QUALCOMM INC 3.72%

DIGITAL REALTY TRUST INC 3.59%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

39% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	ARVR	FMET	ARVR	FMET	ARVR	FMET
3 months	+3.0%	+4.9%	+0.4 pts	+2.4 pts	+0.8 pts	+2.8 pts
6 months	+29.2%	+23.1%	+12.2 pts	+6.1 pts	+2.3 pts	−3.8 pts
1 year	+15.4%	+3.1%	−0.3 pts	−12.6 pts	−8.4 pts	−20.7 pts
3 years	+101.9%	+65.3%	+17.0 pts	−19.7 pts	−8.0 pts	−44.7 pts
Since launch ARVR Apr 2022 · FMET Apr 2022	+100.0%	+63.6%	+17.8 pts	−21.4 pts	−22.8 pts	−63.9 pts

ARVR and FMET over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

ARVR

First Trust Indxx Metaverse ETF · Holds 44 stocks in metaverse and immersive tech, 47% of its weight in S&P 500 companies

FMET

Fidelity Metaverse ETF · Holds 50 stocks in metaverse and immersive tech, 59% of its weight in S&P 500 companies

Issuer First Trust Fidelity

Theme Metaverse and immersive tech Metaverse and immersive tech

In the S&P 500 47.0% 58.9%

Active share vs the S&P 500 81.0% 79.1%

In the Nasdaq-100 43.8% 45.8%

Holdings 44 50

Top ten, share of the fund 35.4% 43.6%

Expense ratio 0.70% 0.39%

Fee for the differing part 0.86% 0.49%

Total return, 1 year +15.4% +3.1%

vs the S&P 500 −0.3 pts −12.6 pts

vs the Nasdaq-100 −8.4 pts −20.7 pts

Below its high −2.2% −2.9%

Net assets $9m $46m

ARVR and FMET on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ARVR in plain words

By weight, 47% of ARVR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 81%. The top ten holdings are 35% of the fund across 44 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +15.4% with distributions reinvested against +15.7% for the S&P 500, so a holder was about even.

FMET in plain words

By weight, 59% of FMET's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 79%. The top ten holdings are 44% of the fund across 50 positions, as filed for Jun 30, 2026. Over the year to Sep 30, 2026 the fund returned +3.1% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 12.6 pts.

Questions people ask

Do ARVR and FMET hold the same stocks?: By their latest filings, 39% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, ARVR or FMET?: ARVR has 47% of its weight in S&P 500 names and FMET has 59%, so ARVR differs more from the index.
Which is cheaper, ARVR or FMET?: ARVR charges 0.70% a year and FMET charges 0.39%, so FMET is cheaper. Fees come from each fund's prospectus.

Other comparisons

ARVR vs METV ARVR vs VERS FMET vs METV FMET vs VERS

ARVR on its own →FMET on its own →How every figure is computed →Standards and sources →

Where these figures came from

ARVR filings on SEC EDGAR ↗ARVR prospectus with the expense ratio (SEC) ↗First Trust page for ARVR ↗FMET filings on SEC EDGAR ↗FMET prospectus with the expense ratio (SEC) ↗Fidelity website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, ARVR against FMET, data as of Sep 30, 2026. https://etfiq.com/compare/themes/arvr-vs-fmet

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.