VERS vs. QLD

Last updated Jun 4, 2026

VERS (ProShares Metaverse ETF) and QLD (ProShares Ultra QQQ) are both exchange-traded funds - VERS is a Technology Equities fund tracking the Solactive Metaverse Theme Index - Benchmark TR Net, while QLD is a Leveraged Equities fund tracking the NASDAQ-100 Index (200%). Both are passively managed. Over the past 3 years, VERS returned 31.89%/yr vs 50.15%/yr for QLD. Their correlation of 0.86 suggests significant overlap in exposure. VERS charges 0.58%/yr vs 0.95%/yr for QLD.

Performance

VERS vs. QLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Metaverse ETF (VERS) and ProShares Ultra QQQ (QLD). 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 QLD's 42.06% return.

VERS

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

QLD

• 1D: -0.53%
• 1M: 21.54%
• YTD: 42.06%
• 6M: 37.45%
• 1Y: 85.49%
• 3Y*: 50.15%
• 5Y*: 25.75%
• 10Y*: 36.10%

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

VERS vs. QLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VERS ProShares Metaverse ETF	36.54%	26.16%	16.92%	51.13%	-34.52%
QLD ProShares Ultra QQQ	42.06%	30.36%	42.82%	117.72%	-45.99%

Correlation

The correlation between VERS and QLD is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022	0.86

The correlation between VERS and QLD has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

VERS vs. QLD - Sectors Allocation Comparison

Sectors	VERS	QLD
Technology	73.2%	53.8%
Communication Services	18.4%	15.8%
Consumer Cyclical	6.6%	12.3%
Real Estate	1.8%	0.1%
Basic Materials	-	1.1%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Industrials	-	2.8%
Utilities	-	1.4%

Return for Risk

VERS vs. QLD — 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

QLD

QLD Risk / Return Rank: 69
QLD Sharpe Ratio Rank: 81
QLD Sortino Ratio Rank: 67
QLD Omega Ratio Rank: 67
QLD Calmar Ratio Rank: 67
QLD Martin Ratio Rank: 64

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. QLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Metaverse ETF (VERS) and ProShares Ultra QQQ (QLD). 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	QLD	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.70	-0.12
Sortino ratio: Return per unit of downside risk	3.26	3.16	+0.10
Omega ratio: Gain probability vs. loss probability	1.41	1.41	-0.01
Calmar ratio: Return relative to maximum drawdown	2.98	3.42	-0.44
Martin ratio: Return relative to average drawdown	8.63	11.92	-3.28
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. QLD - Sharpe Ratio Comparison

The current VERS Sharpe Ratio is 2.59, which is comparable to the QLD Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of VERS and QLD, 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	QLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.70	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.60	-0.02

Drawdowns

VERS vs. QLD - Drawdown Comparison

The maximum VERS drawdown since its inception was -42.13%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for VERS and QLD.

Drawdown Indicators

	VERS	QLD	Difference
Max Drawdown Largest peak-to-trough decline	-42.13%	-83.13%	+41.00%
Max Drawdown (1Y) Largest decline over 1 year	-23.02%	-25.13%	+2.11%
Max Drawdown (3Y) Largest decline over 3 years	-29.34%	-42.29%	+12.95%
Max Drawdown (5Y) Largest decline over 5 years	—	-63.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.68%	—
Current Drawdown Current decline from peak	-0.99%	-0.53%	-0.46%
Average Drawdown Average peak-to-trough decline	-15.06%	-18.17%	+3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.92%	7.20%	+0.72%

Volatility

VERS vs. QLD - Volatility Comparison

ProShares Metaverse ETF (VERS) has a higher volatility of 9.76% compared to ProShares Ultra QQQ (QLD) at 8.90%. This indicates that VERS's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VERS	QLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.76%	8.90%	+0.86%
Volatility (6M) Calculated over the trailing 6-month period	20.43%	24.08%	-3.65%
Volatility (1Y) Calculated over the trailing 1-year period	26.54%	31.85%	-5.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.26%	44.74%	-13.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.26%	44.56%	-13.30%

VERS vs. QLD - Expense Ratio Comparison

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

Dividends

VERS vs. QLD - Dividend Comparison

VERS's dividend yield for the trailing twelve months is around 0.24%, more than QLD's 0.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QLD ProShares Ultra QQQ	0.12%	0.17%	0.25%	0.33%	0.31%	0.00%	0.00%	0.13%	0.06%	0.02%	0.21%	0.11%
VERS ProShares Metaverse ETF	0.24%	0.52%	0.58%	0.63%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VERS and QLD in my portfolio?

VERS and QLD have a correlation of 0.82, 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 QLD?

VERS has higher volatility (9.76%) compared to QLD (8.90%). In terms of maximum drawdown, VERS dropped -42.13% vs QLD's -83.13%.

Which ETF is better, VERS or QLD?

On 3-year performance, QLD leads with 50.15% vs 31.89% for VERS. On fees, VERS is cheaper at 0.58% per year. On volatility, QLD has been the lower-risk option at 8.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VERS or QLD?

Over the 3-year period, QLD has performed better with a 50.15% 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 QLD?

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

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

VERS has the higher dividend yield at 0.24%, compared with 0.12% for QLD.

What is the main difference between VERS and QLD?

VERS is categorized as Technology Equities, while QLD is Leveraged Equities. VERS tracks Solactive Metaverse Theme Index - Benchmark TR Net, while QLD tracks NASDAQ-100 Index (200%). Their fees differ too: 0.58% for VERS and 0.95% for QLD.

Which has better risk-adjusted returns?

QLD currently has the higher Sharpe Ratio (2.70 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.