VERS vs. TIME
Compare and contrast key facts about ProShares Metaverse ETF (VERS) and Clockwise Core Equity & Innovation ETF (TIME).
VERS and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VERS is a passively managed fund by ProShares that tracks the performance of the Solactive Metaverse Theme Index - Benchmark TR Net. It was launched on Mar 15, 2022. TIME is an actively managed fund by Clockwise Capital. It was launched on Jan 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VERS or TIME.
Correlation
The correlation between VERS and TIME is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VERS vs. TIME - Performance Comparison
Key characteristics
VERS:
1.31
TIME:
1.64
VERS:
1.98
TIME:
2.17
VERS:
1.24
TIME:
1.29
VERS:
1.76
TIME:
2.40
VERS:
5.37
TIME:
8.85
VERS:
6.13%
TIME:
3.61%
VERS:
25.05%
TIME:
19.40%
VERS:
-42.13%
TIME:
-42.24%
VERS:
-1.48%
TIME:
-1.68%
Returns By Period
In the year-to-date period, VERS achieves a 12.65% return, which is significantly higher than TIME's 9.42% return.
VERS
12.65%
3.33%
30.65%
36.12%
N/A
N/A
TIME
9.42%
2.92%
18.18%
35.63%
N/A
N/A
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VERS vs. TIME - Expense Ratio Comparison
VERS has a 0.58% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
VERS vs. TIME — Risk-Adjusted Performance Rank
VERS
TIME
VERS vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Metaverse ETF (VERS) and Clockwise Core Equity & Innovation ETF (TIME). 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.
Dividends
VERS vs. TIME - Dividend Comparison
VERS's dividend yield for the trailing twelve months is around 0.52%, less than TIME's 14.48% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
VERS ProShares Metaverse ETF | 0.52% | 0.58% | 0.63% | 0.44% |
TIME Clockwise Core Equity & Innovation ETF | 14.48% | 15.84% | 21.04% | 0.00% |
Drawdowns
VERS vs. TIME - Drawdown Comparison
The maximum VERS drawdown since its inception was -42.13%, roughly equal to the maximum TIME drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for VERS and TIME. For additional features, visit the drawdowns tool.
Volatility
VERS vs. TIME - Volatility Comparison
ProShares Metaverse ETF (VERS) has a higher volatility of 7.71% compared to Clockwise Core Equity & Innovation ETF (TIME) at 6.54%. This indicates that VERS's price experiences larger fluctuations and is considered to be riskier than TIME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.