VERS vs. DBE
VERS (ProShares Metaverse ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - VERS is a Technology Equities fund tracking the Solactive Metaverse Theme Index - Benchmark TR Net, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, VERS returned 25.49%/yr vs 15.52%/yr for DBE. At a 0.05 correlation, their price movements are largely independent. VERS charges 0.58%/yr vs 0.78%/yr for DBE.
Performance
VERS vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, VERS achieves a 18.73% return, which is significantly lower than DBE's 48.87% return.
VERS
- 1D
- -1.78%
- 1M
- -7.20%
- YTD
- 18.73%
- 6M
- 18.43%
- 1Y
- 40.58%
- 3Y*
- 25.49%
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- -3.31%
- 1M
- -19.00%
- YTD
- 48.87%
- 6M
- 46.64%
- 1Y
- 44.16%
- 3Y*
- 15.52%
- 5Y*
- 13.92%
- 10Y*
- 9.75%
VERS vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VERS ProShares Metaverse ETF | 18.73% | 26.16% | 16.92% | 51.13% | -33.05% |
DBE Invesco DB Energy Fund | 48.87% | -2.17% | 2.96% | -12.14% | 8.95% |
Correlation
The correlation between VERS and DBE is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.05 |
The correlation between VERS and DBE shifts across timeframes, from -0.18 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VERS vs. DBE — Risk / Return Rank
VERS
DBE
VERS vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Metaverse ETF (VERS) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.86 | -0.09 |
| Martin ratioReturn relative to average drawdown | 4.92 | 6.74 | -1.81 |
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Drawdowns
VERS vs. DBE - Drawdown Comparison
The maximum VERS drawdown since its inception was -42.13%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for VERS and DBE.
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Drawdown Indicators
| VERS | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.13% | -86.69% | +44.56% |
Max Drawdown (1Y)Largest decline over 1 year | -23.02% | -23.89% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -29.34% | -23.89% | -5.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -13.91% | -43.48% | +29.57% |
Average DrawdownAverage peak-to-trough decline | -14.97% | -57.24% | +42.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.27% | 6.57% | +1.70% |
Volatility
VERS vs. DBE - Volatility Comparison
ProShares Metaverse ETF (VERS) has a higher volatility of 14.40% compared to Invesco DB Energy Fund (DBE) at 9.69%. This indicates that VERS's price experiences larger fluctuations and is considered to be riskier than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VERS | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.40% | 9.69% | +4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 23.80% | 31.65% | -7.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.15% | 34.90% | -5.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.69% | 29.62% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.69% | 28.36% | +3.33% |
VERS vs. DBE - Expense Ratio Comparison
VERS has a 0.58% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
VERS vs. DBE - Dividend Comparison
VERS's dividend yield for the trailing twelve months is around 0.28%, less than DBE's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.60% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
VERS ProShares Metaverse ETF | 0.28% | 0.52% | 0.58% | 0.63% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VERS and DBE have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VERS has higher volatility (14.40%) compared to DBE (9.69%). In terms of maximum drawdown, VERS dropped -42.13% vs DBE's -86.69%.
On 3-year performance, VERS leads with 25.49% vs 15.52% for DBE. On fees, VERS is cheaper at 0.58% per year. On volatility, DBE has been the lower-risk option at 9.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VERS has performed better with a 25.49% return vs 15.52%. 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 0.78% for DBE.
DBE has the higher dividend yield at 2.60%, compared with 0.28% for VERS.
VERS is categorized as Technology Equities, while DBE is Oil & Gas. VERS tracks Solactive Metaverse Theme Index - Benchmark TR Net, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.58% for VERS and 0.78% for DBE.
VERS currently has the higher Sharpe Ratio (1.40 vs 1.28), 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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