VERS vs. BITO

Last updated Jun 4, 2026

VERS (ProShares Metaverse ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - VERS is a Technology Equities fund tracking the Solactive Metaverse Theme Index - Benchmark TR Net, while BITO is a Cryptocurrency fund actively managed by ProShares. VERS is passively managed, while BITO is actively managed. Over the past 3 years, VERS returned 31.89%/yr vs 25.27%/yr for BITO. At a 0.44 correlation, their price movements are largely independent. VERS charges 0.58%/yr vs 0.95%/yr for BITO.

Performance

VERS vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Metaverse ETF (VERS) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VERS achieves a 36.54% return, which is significantly higher than BITO's -26.37% return.

VERS

• 1D: -0.99%
• 1M: 23.22%
• YTD: 36.54%
• 6M: 36.31%
• 1Y: 68.21%
• 3Y*: 31.89%
• 5Y*: —
• 10Y*: —

BITO

• 1D: -2.94%
• 1M: -18.61%
• YTD: -26.37%
• 6M: -30.81%
• 1Y: -41.01%
• 3Y*: 25.27%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VERS vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VERS ProShares Metaverse ETF	36.54%	26.16%	16.92%	51.13%	-34.52%
BITO ProShares Bitcoin Strategy ETF	-26.37%	-11.19%	104.45%	137.33%	-59.34%

Correlation

The correlation between VERS and BITO is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022	0.44

The correlation between VERS and BITO shifts across timeframes, from 0.38 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

VERS vs. BITO - Sectors Allocation Comparison

Sectors	VERS	BITO
Technology	73.2%	-
Communication Services	18.4%	-
Consumer Cyclical	6.6%	-
Real Estate	1.8%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	68.5%
Healthcare	-	-
Industrials	-	-
Utilities	-	-

Return for Risk

VERS vs. BITO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VERS

VERS Risk / Return Rank: 67
VERS Sharpe Ratio Rank: 80
VERS Sortino Ratio Rank: 73
VERS Omega Ratio Rank: 68
VERS Calmar Ratio Rank: 60
VERS Martin Ratio Rank: 51

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 2
BITO Sortino Ratio Rank: 2
BITO Omega Ratio Rank: 2
BITO Calmar Ratio Rank: 2
BITO Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VERS vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Metaverse ETF (VERS) and ProShares Bitcoin Strategy ETF (BITO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	VERS	BITO	Difference
Sharpe ratio: Return per unit of total volatility	2.59	-0.95	+3.53
Sortino ratio: Return per unit of downside risk	3.26	-1.35	+4.61
Omega ratio: Gain probability vs. loss probability	1.41	0.85	+0.56
Calmar ratio: Return relative to maximum drawdown	2.98	-0.82	+3.80
Martin ratio: Return relative to average drawdown	8.63	-1.41	+10.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VERS vs. BITO - Sharpe Ratio Comparison

The current VERS Sharpe Ratio is 2.59, which is higher than the BITO Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of VERS and BITO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VERS	BITO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	-0.95	+3.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	-0.09	+0.66

Drawdowns

VERS vs. BITO - Drawdown Comparison

The maximum VERS drawdown since its inception was -42.13%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for VERS and BITO.

Drawdown Indicators

	VERS	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-42.13%	-77.86%	+35.73%
Max Drawdown (1Y) Largest decline over 1 year	-23.02%	-50.05%	+27.03%
Max Drawdown (3Y) Largest decline over 3 years	-29.34%	-50.05%	+20.71%
Current Drawdown Current decline from peak	-0.99%	-49.22%	+48.23%
Average Drawdown Average peak-to-trough decline	-15.06%	-36.73%	+21.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.92%	29.09%	-21.17%

Volatility

VERS vs. BITO - Volatility Comparison

ProShares Metaverse ETF (VERS) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 9.76% and 9.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VERS	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.76%	9.43%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	20.43%	34.26%	-13.83%
Volatility (1Y) Calculated over the trailing 1-year period	26.54%	43.57%	-17.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.26%	55.11%	-23.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.26%	55.11%	-23.85%

VERS vs. BITO - Expense Ratio Comparison

VERS has a 0.58% expense ratio, which is lower than BITO's 0.95% expense ratio.

Dividends

VERS vs. BITO - Dividend Comparison

VERS's dividend yield for the trailing twelve months is around 0.24%, less than BITO's 67.63% yield.

Position	TTM	2025	2024	2023	2022
BITO ProShares Bitcoin Strategy ETF	67.63%	78.29%	61.59%	15.14%	0.00%
VERS ProShares Metaverse ETF	0.24%	0.52%	0.58%	0.63%	0.44%

Frequently Asked Questions

Can I hold both VERS and BITO in my portfolio?

VERS and BITO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VERS or BITO?

VERS has higher volatility (9.76%) compared to BITO (9.43%). In terms of maximum drawdown, VERS dropped -42.13% vs BITO's -77.86%.

Which ETF is better, VERS or BITO?

On 3-year performance, VERS leads with 31.89% vs 25.27% for BITO. On fees, VERS is cheaper at 0.58% per year. On volatility, BITO has been the lower-risk option at 9.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VERS or BITO?

Over the 3-year period, VERS has performed better with a 31.89% return vs 25.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VERS or BITO?

VERS is cheaper with a 0.58% expense ratio, compared with 0.95% for BITO.

Which ETF pays a higher dividend yield, VERS or BITO?

BITO has the higher dividend yield at 67.63%, compared with 0.24% for VERS.

What is the main difference between VERS and BITO?

VERS is categorized as Technology Equities, while BITO is Cryptocurrency. Their fees differ too: 0.58% for VERS and 0.95% for BITO.

Which has better risk-adjusted returns?

VERS currently has the higher Sharpe Ratio (2.59 vs -0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.