VERS vs. CHAT

Last updated Jun 4, 2026

VERS (ProShares Metaverse ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both Technology Equities funds. VERS is passively managed, while CHAT is actively managed. Over the past 3 years, VERS returned 31.89%/yr vs 55.51%/yr for CHAT. Their correlation of 0.80 suggests significant overlap in exposure. VERS charges 0.58%/yr vs 0.75%/yr for CHAT.

Performance

VERS vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Metaverse ETF (VERS) and Roundhill Generative AI & Technology ETF (CHAT). 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 lower than CHAT's 74.30% return.

VERS

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

CHAT

• 1D: -0.66%
• 1M: 27.78%
• YTD: 74.30%
• 6M: 73.13%
• 1Y: 144.01%
• 3Y*: 55.51%
• 5Y*: —
• 10Y*: —

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

VERS vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VERS ProShares Metaverse ETF	36.54%	26.16%	16.92%	23.89%
CHAT Roundhill Generative AI & Technology ETF	74.30%	49.85%	30.98%	19.23%

Correlation

The correlation between VERS and CHAT is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (All Time) Calculated using the full available price history since May 19, 2023	0.80

The correlation between VERS and CHAT has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.

VERS vs. CHAT - Sectors Allocation Comparison

Sectors	VERS	CHAT
Technology	73.2%	76.5%
Communication Services	18.4%	16.6%
Consumer Cyclical	6.6%	5.6%
Real Estate	1.8%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.0%
Healthcare	-	-
Industrials	-	0.8%
Utilities	-	-

Return for Risk

VERS vs. CHAT — 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

CHAT

CHAT Risk / Return Rank: 94
CHAT Sharpe Ratio Rank: 97
CHAT Sortino Ratio Rank: 94
CHAT Omega Ratio Rank: 93
CHAT Calmar Ratio Rank: 96
CHAT Martin Ratio Rank: 94

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. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Metaverse ETF (VERS) and Roundhill Generative AI & Technology ETF (CHAT). 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	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	2.59	4.72	-2.14
Sortino ratio: Return per unit of downside risk	3.26	4.86	-1.59
Omega ratio: Gain probability vs. loss probability	1.41	1.65	-0.25
Calmar ratio: Return relative to maximum drawdown	2.98	8.90	-5.92
Martin ratio: Return relative to average drawdown	8.63	26.26	-17.62
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. CHAT - Sharpe Ratio Comparison

The current VERS Sharpe Ratio is 2.59, which is lower than the CHAT Sharpe Ratio of 4.72. The chart below compares the historical Sharpe Ratios of VERS and CHAT, 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	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	4.72	-2.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	1.98	-1.41

Drawdowns

VERS vs. CHAT - Drawdown Comparison

The maximum VERS drawdown since its inception was -42.13%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for VERS and CHAT.

Drawdown Indicators

	VERS	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-42.13%	-31.34%	-10.79%
Max Drawdown (1Y) Largest decline over 1 year	-23.02%	-16.28%	-6.74%
Max Drawdown (3Y) Largest decline over 3 years	-29.34%	-31.34%	+2.00%
Current Drawdown Current decline from peak	-0.99%	-0.66%	-0.33%
Average Drawdown Average peak-to-trough decline	-15.06%	-5.35%	-9.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.92%	5.51%	+2.41%

Volatility

VERS vs. CHAT - Volatility Comparison

The current volatility for ProShares Metaverse ETF (VERS) is 9.76%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 11.70%. This indicates that VERS experiences smaller price fluctuations and is considered to be less risky than CHAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VERS	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.76%	11.70%	-1.94%
Volatility (6M) Calculated over the trailing 6-month period	20.43%	24.62%	-4.19%
Volatility (1Y) Calculated over the trailing 1-year period	26.54%	30.74%	-4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.26%	29.90%	+1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.26%	29.90%	+1.36%

VERS vs. CHAT - Expense Ratio Comparison

VERS has a 0.58% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

VERS vs. CHAT - Dividend Comparison

VERS's dividend yield for the trailing twelve months is around 0.24%, less than CHAT's 1.64% yield.

Position	TTM	2025	2024	2023	2022
CHAT Roundhill Generative AI & Technology ETF	1.64%	2.85%	0.00%	0.00%	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 CHAT in my portfolio?

VERS and CHAT have a correlation of 0.76, 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 CHAT?

CHAT has higher volatility (11.70%) compared to VERS (9.76%). In terms of maximum drawdown, VERS dropped -42.13% vs CHAT's -31.34%.

Which ETF is better, VERS or CHAT?

On 3-year performance, CHAT leads with 55.51% vs 31.89% for VERS. On fees, VERS is cheaper at 0.58% per year. On volatility, VERS has been the lower-risk option at 9.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VERS or CHAT?

Over the 3-year period, CHAT has performed better with a 55.51% return vs 31.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VERS or CHAT?

VERS is cheaper with a 0.58% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.64%, compared with 0.24% for VERS.

What is the main difference between VERS and CHAT?

They also come from different issuers: ProShares and Roundhill. Their fees differ too: 0.58% for VERS and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (4.72 vs 2.59), 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.