IVRS ETF — Holdings & Analysis

The iShares Future Metaverse Tech and Communications ETF (IVRS) is a niche equity ETF with $0.01 billion in assets under management.

Launched in 2023, IVRS focuses on companies expected to contribute to the metaverse, spanning virtual platforms, social media, gaming, and related technologies. With an expense ratio of 0.47%, it provides targeted exposure to the metaverse sector, differentiating itself through a concentrated portfolio of 39 holdings in both U.S. and international markets.

iShares Future Metaverse Tech and Communications ETF (IVRS) ETF — Price, Holdings & Analysis

The iShares Future Metaverse Tech and Communications ETF (IVRS) is a niche equity ETF with $0.01 billion in assets under management. Launched in 2023, IVRS focuses on companies expected to contribute to the metaverse, spanning virtual platforms, social media, gaming, and related technologies. With an expense ratio of 0.47%, it provides targeted exposure to the metaverse sector, differentiating itself through a concentrated portfolio of 39 holdings in both U.S. and international markets.

ETF Overview

The iShares Future Metaverse Tech and Communications ETF seeks to track the investment results of an index composed of U.S. and non-U.S. companies that provide products and services that are expected to contribute to the metaverse in areas including virtual platforms, social media, gaming, 3D software, digital assets, and virtual and augmented reality.

IVRS aims to capture the growth potential of the metaverse by tracking an index of companies involved in its development. The ETF invests in firms across various sectors, including virtual platforms, social media, gaming, 3D software, digital assets, and virtual/augmented reality. Its top holdings reflect this focus, with significant allocations to Electronic Arts Inc (6.55%), Cover Corp (5.78%), and Take-Two Interactive Software Inc (5.56%). The fund's sector allocation is heavily weighted towards Communication Services (44.2%) and Technology (35.5%), with a notable allocation to Financial Services (15.8%). IVRS offers investors a way to gain exposure to the metaverse theme, potentially benefiting from the increasing adoption of virtual and augmented reality technologies. However, its concentrated strategy makes it suitable for investors with a high-risk tolerance and a strong conviction in the metaverse's long-term prospects. The fund's global exposure includes significant investments in the United States (58.1%), China (20.1%), and Japan (10.3%).

Risk Metrics

IVRS presents several risk factors that investors may want to research. Its concentrated portfolio of 39 holdings increases concentration risk, meaning that the performance of a few key companies can significantly impact the ETF's overall return. The heavy sector allocation to Communication Services and Technology also exposes the fund to sector-specific risks, such as regulatory changes or technological disruptions. With a beta of 1.11, IVRS exhibits higher volatility than the broader market. The expense ratio of 0.47% will create a drag on returns, especially if the fund underperforms its benchmark. The fund's relatively small AUM of $0.01 billion raises liquidity concerns. Past performance does not guarantee future results.

Expense Ratio

0.47%

What does IVRS hold?

Holding	Weight
Electronic Arts Inc (EA)	6.55%
Cover Corp (5253.T)	5.78%
Take-Two Interactive Software Inc (TTWO)	5.56%
Kuaishou Technology Ordinary Shares - Class B (1024.HK)	5.46%
Krafton Inc (259960.KS)	5.45%
Circle Internet Group Inc Ordinary Shares - Class A (CRCL)	5.22%
Roblox Corp Ordinary Shares - Class A (RBLX)	4.99%
Goertek Inc Class A (002241.SZ)	4.82%
Galaxy Digital Inc Ordinary Shares - Class A (GLXY)	4.18%
Metaplanet Inc (3350.T)	4.17%

How Is the Fund Allocated?

Sector	Weight
Communication Services	44.2%
Technology	35.5%
Financial Services	15.8%
Consumer Cyclical	4.5%

Country	Weight
United States	58.1%
China	20.1%
Japan	10.3%
France	6.2%
South Korea	4.6%
Other	0.2%
Switzerland	0.2%
Uruguay	0.2%
Netherlands	0.1%

Dividend Yield

0.00%

State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

iShares Russell 2000 ETF (IWM) (Equity) — 0.19% expense ratio
iShares MSCI Emerging Markets ETF (EEM) (Equity) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) (Equity) — 0.32% expense ratio
iShares FinTech Active ETF (BPAY) (Equity) — 0.66% expense ratio
iShares Blockchain and Tech ETF (IBLC) (Equity) — 0.47% expense ratio
iShares MSCI USA Momentum Factor ETF (MTUM) (Equity) — 0.15% expense ratio

Risk Metrics

Beta: 1.11

Questions & Answers

What is IVRS and what does it track?

The iShares Future Metaverse Tech and Communications ETF (IVRS) is an exchange-traded fund designed to provide investors with exposure to companies that are expected to contribute to the metaverse.

This includes companies involved in virtual platforms, social media, gaming, 3D software, digital assets, and virtual and augmented reality. IVRS tracks an index composed of both U.S. and non-U.S.

What is the expense ratio for IVRS?

The expense ratio for IVRS is 0.47%. This means that for every $10,000 invested in the ETF, $47 is deducted annually to cover the fund's operating expenses.

While it's difficult to pinpoint an exact category average, thematic ETFs often have higher expense ratios due to their specialized focus. Investors should consider the expense ratio as one factor when evaluating the overall cost and potential return of investing in IVRS.

What are the top holdings in IVRS?

The top holdings in IVRS, as of 2026-03-15, include Electronic Arts Inc (6.55%), Cover Corp (5.78%), and Take-Two Interactive Software Inc (5.56%).

These companies represent a significant portion of the ETF's portfolio and reflect its focus on the gaming and entertainment aspects of the metaverse. Other notable holdings include Kuaishou Technology Ordinary Shares - Class B (5.46%) and Krafton Inc (5.45%), further diversifying the fund's exposure within the metaverse ecosystem.

Is IVRS a good long-term investment?

Whether IVRS is a suitable long-term investment depends on an investor's individual risk tolerance and investment goals. The ETF provides targeted exposure to the metaverse, a potentially high-growth sector, but it also carries inherent risks.

IVRS has a beta of 1.11, indicating higher volatility than the market.

How does IVRS compare to similar ETFs?

IVRS differentiates itself through its specific focus on the metaverse, encompassing virtual platforms, social media, gaming, and related technologies. While other ETFs may target related themes like cloud computing or gaming, IVRS offers a more concentrated approach to the metaverse.

Its expense ratio of 0.47% is competitive within the thematic ETF landscape.

Does IVRS pay dividends?

As of 2026-03-15, the iShares Future Metaverse Tech and Communications ETF (IVRS) has a dividend yield of 0.00%. This indicates that the fund currently does not distribute any dividends to its shareholders.

Investors seeking income-generating investments may want to consider other ETFs with a higher dividend yield. The fund's focus is primarily on capital appreciation through investments in growth-oriented companies within the metaverse sector.