VERS vs. TQQQ

Last updated Jun 4, 2026

VERS (ProShares Metaverse ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - VERS is a Technology Equities fund tracking the Solactive Metaverse Theme Index - Benchmark TR Net, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 3 years, VERS returned 31.89%/yr vs 69.49%/yr for TQQQ. Their correlation of 0.86 suggests significant overlap in exposure. VERS charges 0.58%/yr vs 0.95%/yr for TQQQ.

Performance

VERS vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Metaverse ETF (VERS) and ProShares UltraPro QQQ (TQQQ). 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 TQQQ's 64.46% return.

VERS

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

TQQQ

• 1D: -0.76%
• 1M: 33.35%
• YTD: 64.46%
• 6M: 55.93%
• 1Y: 137.89%
• 3Y*: 69.49%
• 5Y*: 28.37%
• 10Y*: 45.33%

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

VERS vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VERS ProShares Metaverse ETF	36.54%	26.16%	16.92%	51.13%	-34.52%
TQQQ ProShares UltraPro QQQ	64.46%	34.35%	58.27%	198.04%	-65.26%

Correlation

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

VERS vs. TQQQ - Sectors Allocation Comparison

Sectors	VERS	TQQQ
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. TQQQ — 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

TQQQ

TQQQ Risk / Return Rank: 71
TQQQ Sharpe Ratio Rank: 86
TQQQ Sortino Ratio Rank: 65
TQQQ Omega Ratio Rank: 65
TQQQ Calmar Ratio Rank: 73
TQQQ Martin Ratio Rank: 66

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. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Metaverse ETF (VERS) and ProShares UltraPro QQQ (TQQQ). 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	TQQQ	Difference
Sharpe ratio Return per unit of total volatility	2.59	2.92	-0.33
Sortino ratio Return per unit of downside risk	3.26	3.09	+0.18
Omega ratio Gain probability vs. loss probability	1.41	1.40	0.00
Calmar ratio Return relative to maximum drawdown	2.98	3.75	-0.77
Martin ratio Return relative to average drawdown	8.63	12.27	-3.63
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. TQQQ - Sharpe Ratio Comparison

The current VERS Sharpe Ratio is 2.59, which is comparable to the TQQQ Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of VERS and TQQQ, 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	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.92	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.74	-0.17

Drawdowns

VERS vs. TQQQ - Drawdown Comparison

The maximum VERS drawdown since its inception was -42.13%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for VERS and TQQQ.

Drawdown Indicators

	VERS	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-42.13%	-81.66%	+39.53%
Max Drawdown (1Y) Largest decline over 1 year	-23.02%	-36.97%	+13.95%
Max Drawdown (3Y) Largest decline over 3 years	-29.34%	-58.04%	+28.70%
Max Drawdown (5Y) Largest decline over 5 years	—	-81.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.66%	—
Current Drawdown Current decline from peak	-0.99%	-0.76%	-0.23%
Average Drawdown Average peak-to-trough decline	-15.06%	-18.52%	+3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.92%	11.28%	-3.36%

Volatility

VERS vs. TQQQ - Volatility Comparison

The current volatility for ProShares Metaverse ETF (VERS) is 9.76%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.29%. This indicates that VERS experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VERS	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.76%	13.29%	-3.53%
Volatility (6M) Calculated over the trailing 6-month period	20.43%	36.04%	-15.61%
Volatility (1Y) Calculated over the trailing 1-year period	26.54%	47.60%	-21.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.26%	66.53%	-35.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.26%	65.96%	-34.70%

VERS vs. TQQQ - Expense Ratio Comparison

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

Dividends

VERS vs. TQQQ - Dividend Comparison

VERS's dividend yield for the trailing twelve months is around 0.24%, less than TQQQ's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TQQQ ProShares UltraPro QQQ	0.36%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%
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 TQQQ in my portfolio?

VERS and TQQQ 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 TQQQ?

TQQQ has higher volatility (13.29%) compared to VERS (9.76%). In terms of maximum drawdown, VERS dropped -42.13% vs TQQQ's -81.66%.

Which ETF is better, VERS or TQQQ?

On 3-year performance, TQQQ leads with 69.49% 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 TQQQ?

Over the 3-year period, TQQQ has performed better with a 69.49% 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 TQQQ?

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

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

TQQQ has the higher dividend yield at 0.36%, compared with 0.24% for VERS.

What is the main difference between VERS and TQQQ?

VERS is categorized as Technology Equities, while TQQQ is Leveraged Equities. VERS tracks Solactive Metaverse Theme Index - Benchmark TR Net, while TQQQ tracks NASDAQ-100 Index (300%). Their fees differ too: 0.58% for VERS and 0.95% for TQQQ.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (2.92 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.