VERS vs. UVXY
VERS (ProShares Metaverse ETF) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - VERS is a Technology Equities fund tracking the Solactive Metaverse Theme Index - Benchmark TR Net, while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 3 years, VERS returned 26.24%/yr vs -61.96%/yr for UVXY. At a correlation of -0.62, they often move in opposite directions. VERS charges 0.58%/yr vs 0.95%/yr for UVXY.
Performance
VERS vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, VERS achieves a 20.88% return, which is significantly higher than UVXY's -22.07% return.
VERS
- 1D
- -4.41%
- 1M
- -5.52%
- YTD
- 20.88%
- 6M
- 19.83%
- 1Y
- 47.06%
- 3Y*
- 26.24%
- 5Y*
- —
- 10Y*
- —
UVXY
- 1D
- 8.28%
- 1M
- -14.92%
- YTD
- -22.07%
- 6M
- -24.28%
- 1Y
- -74.07%
- 3Y*
- -61.96%
- 5Y*
- -66.90%
- 10Y*
- -73.85%
VERS vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VERS ProShares Metaverse ETF | 20.88% | 26.16% | 16.92% | 51.13% | -33.05% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -22.07% | -65.32% | -50.90% | -87.70% | -59.77% |
Correlation
The correlation between VERS and UVXY is -0.57, 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 | -0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.62 |
The correlation between VERS and UVXY has been stable across timeframes, ranging from -0.62 to -0.57 - a consistent structural relationship.
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Return for Risk
VERS vs. UVXY — Risk / Return Rank
VERS
UVXY
VERS vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Metaverse ETF (VERS) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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 | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.49 | ||
| Sortino ratioReturn per unit of downside risk | +3.79 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.81 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | -1.01 | +3.06 |
| Martin ratioReturn relative to average drawdown | 5.74 | -1.45 | +7.19 |
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Drawdowns
VERS vs. UVXY - Drawdown Comparison
The maximum VERS drawdown since its inception was -42.13%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for VERS and UVXY.
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Drawdown Indicators
| VERS | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.13% | -100.00% | +57.87% |
Max Drawdown (1Y)Largest decline over 1 year | -23.02% | -73.51% | +50.49% |
Max Drawdown (3Y)Largest decline over 3 years | -29.34% | -94.93% | +65.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -12.35% | -100.00% | +87.65% |
Average DrawdownAverage peak-to-trough decline | -14.97% | -98.75% | +83.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.22% | 55.34% | -47.12% |
Volatility
VERS vs. UVXY - Volatility Comparison
The current volatility for ProShares Metaverse ETF (VERS) is 14.64%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 25.85%. This indicates that VERS experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VERS | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.64% | 25.85% | -11.21% |
Volatility (6M)Calculated over the trailing 6-month period | 23.73% | 66.46% | -42.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.08% | 85.46% | -56.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.69% | 103.96% | -72.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.69% | 112.39% | -80.70% |
VERS vs. UVXY - Expense Ratio Comparison
VERS has a 0.58% expense ratio, which is lower than UVXY's 0.95% expense ratio.
Dividends
VERS vs. UVXY - Dividend Comparison
VERS's dividend yield for the trailing twelve months is around 0.27%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VERS ProShares Metaverse ETF | 0.27% | 0.52% | 0.58% | 0.63% | 0.44% |
Frequently Asked Questions
VERS and UVXY have a correlation of -0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (25.85%) compared to VERS (14.64%). In terms of maximum drawdown, VERS dropped -42.13% vs UVXY's -100.00%.
On 3-year performance, VERS leads with 26.24% vs -61.96% for UVXY. On fees, VERS is cheaper at 0.58% per year. On volatility, VERS has been the lower-risk option at 14.64%. 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 26.24% return vs -61.96%. 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 0.95% for UVXY.
VERS has the higher dividend yield at 0.27%, compared with 0.00% for UVXY.
VERS is categorized as Technology Equities, while UVXY is Volatility. VERS tracks Solactive Metaverse Theme Index - Benchmark TR Net, while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 0.58% for VERS and 0.95% for UVXY.
VERS currently has the higher Sharpe Ratio (1.63 vs -0.87), 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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