ETF Evaluator:
Roundhill Ball Metaverse ETF ()
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(as of Aug 26)
Best Performing in Technology Over the Last Year
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ETF Details
Roundhill Ball Metaverse ETF Overview
Roundhill Ball Metaverse ETF (METV) is a passively managed Sector Equity Technology exchange-traded fund (ETF). Roundhill Investments launched the ETF in 2021.
The investment seeks to track the performance, before fees and expenses, of the Ball Metaverse Index (the "index").
The index seeks to track the performance of equity securities of foreign and domestic issuers that engage in activities or provide products, services, technologies, or technological capabilities to enable the Metaverse, and benefit from its generated revenues. "Metaverse" is a term used to refer to a future iteration of the Internet. Under normal circumstances, at least 80% of the fund's net assets will be invested in Metaverse Companies, which may include investments in ADRs. The fund is non-diversified.
About Roundhill Ball Metaverse ETF (METV)
There are 7 members of the management team with an average tenure of 3.42 years: William Hershey (2025), Andrew Serowik (2021), Timothy Maloney (2025), Gabriel Tan (2021), Todd Albrecio (2021), Brian Cooper (2021) and David Mazza (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Solactive GBS Global Mkt All Cap TR USD index with a weighting of 100% and Ball Metaverse TR USD index with a weighting of 100%. Roundhill Ball Metaverse ETF has 44 securities in its portfolio. The top 10 holdings constitute 52.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Roundhill Ball Metaverse ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Roundhill Ball Metaverse ETF has 24.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 65.7% There is 24.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Roundhill Ball Metaverse ETF has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $209 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
METV Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Roundhill Ball Metaverse ETF expense ratio is average compared to funds in the Technology category. Roundhill Ball Metaverse ETF has an expense ratio of 0.59%, which is 10% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Roundhill Ball Metaverse ETF has a portfolio turnover rate of 55%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 39% for the Technology category.
Recently, in the month of July 2026, Roundhill Ball Metaverse ETF returned -0.4%, which earned it a grade of A, as the Technology category had an average return of -9.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Roundhill Ball Metaverse ETF has a trailing yield of 0.18%, which is below the 0.45% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Roundhill Ball Metaverse ETF Grades
Year to date, the ETF has returned -2.7%, 24.0 percentage points worse than the category, which translates into a grade of F. The fund has returned -0.9% over the past year (grade of F), 19.1% over the past three years (grade of D) and 4.8% per year over the past five years (grade of D).
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METV Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| METV Return (NAV) | -0.4% | 1.7% | -0.9% | 19.1% | 4.8% | na |
| METV Return (Price) | -1.0% | 1.0% | -1.2% | 19.0% | 4.6% | na |
| NAV +/- Price Return | 0.664% | 0.728% | 0.280% | 0.102% | 0.164% | na |
| Technology Avg | -9.8% | 7.3% | 33.6% | 22.3% | 10.5% | 19.0% |
| METV Grade (NAV) | A | D | F | D | D | na |
| +/- Category (NAV) | 9.5% | -5.6% | -34.5% | -3.2% | -5.7% | na |
| METV Tax-Cost Ratio | na | na | 0.1% | 0.1% | 0.0% | na |
METV Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| METV Return (NAV) | -2.7% | 30.8% | 25.0% | 60.4% | -52.4% | na | na | na | na | na | na |
| METV Return (Price) | -2.8% | 30.8% | 24.9% | 60.6% | -52.7% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.031% | 0.002% | -0.004% | 0.003% | 0.004% | na | na | na | na | na | na |
| Technology Avg | 21.3% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| METV Grade (NAV) | F | B | B | A | F | na | na | na | na | na | na |
| +/- Category | -24.0% | 7.5% | 5.1% | 16.6% | -16.7% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.42 |
| R-Squared: | 67% |
| Standard Deviation: | 22.1% |
| Category Risk Index: | 0.83 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.80 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.2% |
| Total Assets: | $ 209 Mil |
| Share Class Assets: | $ 209 Mil |
| Turnover: | 55.0% |
| Expense Ratio: | 0.59% |
| Index Fund: | Yes |
| Index Tracked: | Solactive GBS Global Mkt All Cap TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 5.1 years | |||
| Average Tenure: 3.4 years | |||
| Managers (Year): Tan Gabriel (2021), Albrecio Todd (2021), Serowik Andrew (2021), Cooper Brian (2021), Mazza David (2025), Maloney Timothy (2025), Hershey William (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 44 |
| % in Top 10 Holdings: | 52.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 24.4% |
Portfolio Allocation |
|
| Domestic Stock: | 65.7% |
| Foreign Stock: | 24.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 8.9% |
| Cash: | 1.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Roundhill Investments |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | June 29, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.59% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.54% |
