VERS vs. TCAI

Last updated Aug 4, 2026

VERS (ProShares Metaverse ETF) and TCAI (Tortoise AI Infrastructure ETF) are both exchange-traded funds - VERS is a Technology Equities fund tracking the Solactive Metaverse Theme Index - Benchmark TR Net, while TCAI is a Artificial Intelligence fund actively managed by Tortoise. VERS is passively managed, while TCAI is actively managed. Their 0.71 correlation means they have sometimes moved together and sometimes differently. VERS charges 0.58%/yr vs 0.65%/yr for TCAI.

Performance

VERS vs. TCAI - Performance Comparison

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

Returns By Period

In the year-to-date period, VERS achieves a 13.04% return, which is significantly lower than TCAI's 60.69% return.

VERS

• 1D: 2.32%
• 1M: -4.07%
• 6M: 17.46%
• YTD: 13.04%
• 1Y: 30.33%
• 3Y*: 21.02%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.68%

TCAI

• 1D: 3.49%
• 1M: -4.18%
• 6M: 39.26%
• YTD: 60.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TCAI Tortoise AI Infrastructure ETF	$4.59M	$5.30M	$6.77M
VERS ProShares Metaverse ETF	$16.57K	$13.70K	$31.46K

VERS vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
VERS ProShares Metaverse ETF	13.04%	12.39%
TCAI Tortoise AI Infrastructure ETF	60.69%	17.27%

Correlation

The correlation between VERS and TCAI is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.71

VERS vs. TCAI - Sectors Allocation Comparison

Sectors	VERS	TCAI
Technology	72.3%	44.4%
Communication Services	22.9%	2.2%
Consumer Cyclical	4.2%	2.1%
Real Estate	0.6%	0.6%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	3.9%
Financial Services	-	7.2%
Healthcare	-	-
Industrials	-	30.5%
Utilities	-	9.8%

Return for Risk

VERS vs. TCAI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VERS

VERS Risk / Return Rank: 35
VERS Sharpe Ratio Rank: 37
VERS Sortino Ratio Rank: 36
VERS Omega Ratio Rank: 35
VERS Calmar Ratio Rank: 36
VERS Martin Ratio Rank: 32

TCAI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VERS vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Metaverse ETF (VERS) and Tortoise AI Infrastructure ETF (TCAI). 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	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	0.99	—	—
Sortino ratio: Return per unit of downside risk	1.46	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.32	—	—
Martin ratio: Return relative to average drawdown	3.07	—	—

Drawdowns

VERS vs. TCAI - Drawdown Comparison

The maximum VERS drawdown since its inception was -42.13%, which is greater than TCAI's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for VERS and TCAI.

Drawdown Indicators

	VERS	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-42.13%	-28.82%	-13.31%
Max Drawdown (1Y) Largest decline over 1 year	-23.15%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.34%	—	—
Current Drawdown Current decline from peak	-18.03%	-18.15%	+0.12%
Average Drawdown Average peak-to-trough decline	-15.01%	-4.77%	-10.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.91%	—	—

Volatility

Volatility by Period

	VERS	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	25.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.70%	41.75%	-11.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.75%	41.75%	-10.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.75%	41.75%	-10.00%

VERS vs. TCAI - Expense Ratio Comparison

VERS has a 0.58% expense ratio, which is lower than TCAI's 0.65% expense ratio.

Dividends

VERS vs. TCAI - Dividend Comparison

VERS's dividend yield for the trailing twelve months is around 0.13%, more than TCAI's 0.03% yield.

Position	TTM	2025	2024	2023	2022
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	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 TCAI in my portfolio?

VERS and TCAI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VERS or TCAI?

On fees, VERS is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VERS or TCAI?

VERS is cheaper with a 0.58% expense ratio, compared with 0.65% for TCAI.

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

VERS has the higher dividend yield at 0.13%, compared with 0.03% for TCAI.

What is the main difference between VERS and TCAI?

VERS is categorized as Technology Equities, while TCAI is Artificial Intelligence. They also come from different issuers: ProShares and Tortoise. Their fees differ too: 0.58% for VERS and 0.65% for TCAI.