VERS vs. BITU

Last updated Jul 17, 2026

VERS (ProShares Metaverse ETF) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - VERS is a Technology Equities fund tracking the Solactive Metaverse Theme Index - Benchmark TR Net, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Over the past year, VERS returned 26.64% vs -79.54% for BITU. At a 0.43 correlation, their price movements are largely independent. VERS charges 0.58%/yr vs 0.95%/yr for BITU.

Performance

VERS vs. BITU - Performance Comparison

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

Returns By Period

In the year-to-date period, VERS achieves a 12.85% return, which is significantly higher than BITU's -56.31% return.

VERS

• 1D: -4.05%
• 1M: -9.71%
• 6M: 10.72%
• YTD: 12.85%
• 1Y: 26.64%
• 3Y*: 18.78%
• 5Y*: —
• 10Y*: —

BITU

• 1D: -2.15%
• 1M: -6.47%
• 6M: -62.62%
• YTD: -56.31%
• 1Y: -79.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VERS vs. BITU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VERS ProShares Metaverse ETF	12.85%	26.16%	19.72%
BITU Proshares Ultra Bitcoin ETF	-56.31%	-37.07%	41.85%

Correlation

The correlation between VERS and BITU is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	0.43

Return for Risk

VERS vs. BITU — Risk / Return Rank

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

VERS

VERS Risk / Return Rank: 29
VERS Sharpe Ratio Rank: 29
VERS Sortino Ratio Rank: 29
VERS Omega Ratio Rank: 29
VERS Calmar Ratio Rank: 29
VERS Martin Ratio Rank: 27

BITU

BITU Risk / Return Rank: 1
BITU Sharpe Ratio Rank: 2
BITU Sortino Ratio Rank: 1
BITU Omega Ratio Rank: 1
BITU Calmar Ratio Rank: 1
BITU 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. BITU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Metaverse ETF (VERS) and Proshares Ultra Bitcoin ETF (BITU). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VERS	BITU	Difference
Sharpe ratio: Return per unit of total volatility	0.89	-0.90	+1.79
Sortino ratio: Return per unit of downside risk	1.33	-1.80	+3.13
Omega ratio: Gain probability vs. loss probability	1.17	0.80	+0.36
Calmar ratio: Return relative to maximum drawdown	1.16	-0.95	+2.12
Martin ratio: Return relative to average drawdown	2.98	-1.40	+4.38

VERS vs. BITU - Sharpe Ratio Comparison

The current VERS Sharpe Ratio is 0.89, which is higher than the BITU Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of VERS and BITU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VERS vs. BITU - Drawdown Comparison

The maximum VERS drawdown since its inception was -42.13%, smaller than the maximum BITU drawdown of -83.45%. Use the drawdown chart below to compare losses from any high point for VERS and BITU.

Drawdown Indicators

	VERS	BITU	Difference
Max Drawdown Largest peak-to-trough decline	-42.13%	-83.45%	+41.32%
Max Drawdown (1Y) Largest decline over 1 year	-23.02%	-83.45%	+60.43%
Max Drawdown (3Y) Largest decline over 3 years	-29.34%	—	—
Current Drawdown Current decline from peak	-18.17%	-80.46%	+62.29%
Average Drawdown Average peak-to-trough decline	-14.96%	-36.79%	+21.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.97%	56.89%	-47.92%

Volatility

VERS vs. BITU - Volatility Comparison

The current volatility for ProShares Metaverse ETF (VERS) is 10.69%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 21.27%. This indicates that VERS experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VERS	BITU	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.69%	21.27%	-10.58%
Volatility (6M) Calculated over the trailing 6-month period	25.03%	70.10%	-45.07%
Volatility (1Y) Calculated over the trailing 1-year period	30.13%	88.22%	-58.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.73%	96.74%	-65.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.73%	96.74%	-65.01%

VERS vs. BITU - Expense Ratio Comparison

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

Dividends

VERS vs. BITU - Dividend Comparison

VERS's dividend yield for the trailing twelve months is around 0.13%, less than BITU's 88.27% yield.

Position	TTM	2025	2024	2023	2022
BITU Proshares Ultra Bitcoin ETF	88.27%	50.23%	0.12%	0.00%	0.00%
VERS ProShares Metaverse ETF	0.13%	0.52%	0.58%	0.63%	0.44%

Frequently Asked Questions

Can I hold both VERS and BITU in my portfolio?

VERS and BITU have a correlation of 0.48, 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 BITU?

BITU has higher volatility (21.27%) compared to VERS (10.69%). In terms of maximum drawdown, VERS dropped -42.13% vs BITU's -83.45%.

Which ETF is better, VERS or BITU?

On 1-year performance, VERS leads with 26.64% vs -79.54% for BITU. On fees, VERS is cheaper at 0.58% per year. On volatility, VERS has been the lower-risk option at 10.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VERS or BITU?

Over the 1-year period, VERS has performed better with a 26.64% return vs -79.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VERS or BITU?

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

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

BITU has the higher dividend yield at 88.27%, compared with 0.13% for VERS.

What is the main difference between VERS and BITU?

VERS is categorized as Technology Equities, while BITU is Cryptocurrency. VERS tracks Solactive Metaverse Theme Index - Benchmark TR Net, while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross. Their fees differ too: 0.58% for VERS and 0.95% for BITU.

Which has better risk-adjusted returns?

VERS currently has the higher Sharpe Ratio (0.89 vs -0.90), 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.