{
 "ticker": "ARVR",
 "name": "First Trust Indxx Metaverse ETF",
 "issuer": "First Trust",
 "desk": "themes",
 "url": "https://etfiq.com/funds/arvr",
 "html": "https://etfiq.com/funds/arvr",
 "markdown": "https://etfiq.com/funds/arvr.md",
 "as_of": "2026-09-14",
 "verdict": "ARVR holds 43 stocks, and 55% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "45.4%",
   "source": null,
   "as_of": "2026-09-14",
   "sentence": "ARVR, already in the S&P 500: 45.4%, as of Sep 14, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "81.1%",
   "source": null,
   "as_of": "2026-09-14",
   "sentence": "ARVR, active share vs the S&P 500: 81.1%, as of Sep 14, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "36.2%",
   "source": null,
   "as_of": "2026-09-14",
   "sentence": "ARVR, top ten holdings: 36.2%, as of Sep 14, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+18.4%",
   "source": null,
   "as_of": "2026-09-14",
   "sentence": "ARVR, total return, 1 year: +18.4%, as of Sep 14, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$6m",
   "source": "issuer page, as of Sep 14, 2026",
   "as_of": "2026-09-14",
   "sentence": "ARVR, net assets: $6m (issuer page, as of Sep 14, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.70%",
   "source": "485BPOS XBRL, Jan 28, 2026",
   "as_of": "2026-09-14",
   "sentence": "ARVR, expense ratio: 0.70% (485BPOS XBRL, Jan 28, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Metaverse and immersive tech",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Apr 20, 2022",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "45.4%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "81.1%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "42.4%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "72.9%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "36.2%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "43",
   "source": null
  },
  {
   "key": "holdings_published_for",
   "label": "Holdings published for",
   "value": "Sep 11, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Nexon Co., Ltd. 4.4%, Unity Software Inc. 4.2%, Microsoft Corporation 4.0%, Nintendo Co., Ltd. 3.6%, Sony Corporation 3.5%, Adobe Incorporated 3.5%, NVIDIA Corporation 3.3%, Zoom Communications, Inc. (Class A) 3.3%, Apple Inc. 3.2%, Xiaomi Corporation (Class B) 3.2%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$6m",
   "source": "issuer page, as of Sep 14, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22121.7%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.70%",
   "source": "485BPOS XBRL, Jan 28, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.86%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "METV 39%, GGME 38%, FMET 38%, BNGE 34%, GAMR 31%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+0.1%",
   "S&P 500": "+1.1%",
   "Gap to S&P 500": "\u22120.9 pts",
   "Gap to Nasdaq-100": "+4.7 pts"
  },
  {
   "window": "6 months",
   "Total return": "+24.7%",
   "S&P 500": "+14.3%",
   "Gap to S&P 500": "+10.4 pts",
   "Gap to Nasdaq-100": "+6.3 pts"
  },
  {
   "window": "1 year",
   "Total return": "+18.4%",
   "S&P 500": "+17.0%",
   "Gap to S&P 500": "+1.4 pts",
   "Gap to Nasdaq-100": "\u22123.0 pts"
  },
  {
   "window": "3 years",
   "Total return": "+94.8%",
   "S&P 500": "+77.5%",
   "Gap to S&P 500": "+17.3 pts",
   "Gap to Nasdaq-100": "+0.2 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+98.3%",
   "S&P 500": "+81.3%",
   "Gap to S&P 500": "+17.0 pts",
   "Gap to Nasdaq-100": "\u221215.1 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of ARVR is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 11, 2026, 45% of ARVR by weight is stocks the S&P 500 already holds. Its active share against the index is 81%, so that share is the part doing something different."
  },
  {
   "q": "What does ARVR hold?",
   "a": "43 positions as published by its issuer for Sep 11, 2026, with the top ten at 36% of the fund. The largest are Nexon Co., Ltd. at 4.4%, Unity Software Inc. at 4.2%, Microsoft Corporation at 4.0%."
  },
  {
   "q": "Has ARVR beaten the S&P 500?",
   "a": "Over the year to Sep 14, 2026 ARVR returned +18.4% with distributions reinvested, against +17.0% for the S&P 500, so it finished ahead of the index by 1.4 points."
  },
  {
   "q": "What does ARVR cost?",
   "a": "The prospectus expense ratio is 0.70% a year. Because 81% of the fund differs from the S&P 500, the fee on that differing part works out at 0.86%."
  }
 ],
 "generated": "2026-09-15",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}