VERS vs. BITU
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 47.06% vs -74.19% for BITU. At a 0.44 correlation, their price movements are largely independent. VERS charges 0.58%/yr vs 0.95%/yr for BITU.
Performance
VERS vs. BITU - Performance Comparison
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Returns By Period
In the year-to-date period, VERS achieves a 20.88% return, which is significantly higher than BITU's -58.07% return.
VERS
- 1D
- -4.41%
- 1M
- -5.52%
- YTD
- 20.88%
- 6M
- 19.83%
- 1Y
- 47.06%
- 3Y*
- 26.24%
- 5Y*
- —
- 10Y*
- —
BITU
- 1D
- -6.41%
- 1M
- -34.27%
- YTD
- -58.07%
- 6M
- -58.34%
- 1Y
- -74.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VERS vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VERS ProShares Metaverse ETF | 20.88% | 26.16% | 19.72% |
BITU Proshares Ultra Bitcoin ETF | -58.07% | -37.07% | 41.85% |
Correlation
The correlation between VERS and BITU is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.44 |
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Return for Risk
VERS vs. BITU — Risk / Return Rank
VERS
BITU
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 ratioReturn per unit of total volatility | +2.47 | ||
| Sortino ratioReturn per unit of downside risk | +3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.84 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | -0.90 | +2.96 |
| Martin ratioReturn relative to average drawdown | 5.74 | -1.40 | +7.14 |
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Drawdowns
VERS vs. BITU - Drawdown Comparison
The maximum VERS drawdown since its inception was -42.13%, smaller than the maximum BITU drawdown of -82.21%. Use the drawdown chart below to compare losses from any high point for VERS and BITU.
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Drawdown Indicators
| VERS | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.13% | -82.21% | +40.08% |
Max Drawdown (1Y)Largest decline over 1 year | -23.02% | -82.21% | +59.19% |
Max Drawdown (3Y)Largest decline over 3 years | -29.34% | — | — |
Current DrawdownCurrent decline from peak | -12.35% | -81.25% | +68.90% |
Average DrawdownAverage peak-to-trough decline | -14.97% | -35.50% | +20.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.22% | 53.05% | -44.83% |
Volatility
VERS vs. BITU - Volatility Comparison
The current volatility for ProShares Metaverse ETF (VERS) is 14.64%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 26.20%. 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.
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Volatility by Period
| VERS | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.64% | 26.20% | -11.56% |
Volatility (6M)Calculated over the trailing 6-month period | 23.73% | 69.81% | -46.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.08% | 88.13% | -59.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.69% | 97.37% | -65.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.69% | 97.37% | -65.68% |
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 0.27%, less than BITU's 93.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 93.59% | 50.23% | 0.12% | 0.00% | 0.00% |
VERS ProShares Metaverse ETF | 0.27% | 0.52% | 0.58% | 0.63% | 0.44% |
Frequently Asked Questions
VERS and BITU 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.
BITU has higher volatility (26.20%) compared to VERS (14.64%). In terms of maximum drawdown, VERS dropped -42.13% vs BITU's -82.21%.
On 1-year performance, VERS leads with 47.06% vs -74.19% for BITU. On fees, VERS is cheaper at 0.58% per year. On volatility, VERS has been the lower-risk option at 14.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VERS has performed better with a 47.06% return vs -74.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VERS is cheaper with a 0.58% expense ratio, compared with 0.95% for BITU.
BITU has the higher dividend yield at 93.59%, compared with 0.27% for VERS.
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.
VERS currently has the higher Sharpe Ratio (1.63 vs -0.84), 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.
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