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 18.78%/yr vs -62.17%/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 12.85% return, which is significantly higher than UVXY's -34.93% return.
VERS
- 1D
- -4.05%
- 1M
- -9.71%
- 6M
- 10.72%
- YTD
- 12.85%
- 1Y
- 26.64%
- 3Y*
- 18.78%
- 5Y*
- —
- 10Y*
- —
UVXY
- 1D
- 2.95%
- 1M
- -9.52%
- 6M
- -33.79%
- YTD
- -34.93%
- 1Y
- -73.19%
- 3Y*
- -62.17%
- 5Y*
- -68.33%
- 10Y*
- -72.05%
VERS vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VERS ProShares Metaverse ETF | 12.85% | 26.16% | 16.92% | 51.13% | -33.05% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -34.93% | -65.32% | -50.90% | -87.70% | -59.77% |
Correlation
The correlation between VERS and UVXY is -0.58, 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 | -0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.61 |
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 -0.58 - 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 | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.82 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | -0.99 | +2.15 |
| Martin ratioReturn relative to average drawdown | 2.98 | -1.48 | +4.46 |
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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% | -73.88% | +50.86% |
Max Drawdown (3Y)Largest decline over 3 years | -29.34% | -95.42% | +66.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -18.17% | -100.00% | +81.83% |
Average DrawdownAverage peak-to-trough decline | -14.96% | -98.76% | +83.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.97% | 49.56% | -40.59% |
Volatility
VERS vs. UVXY - Volatility Comparison
The current volatility for ProShares Metaverse ETF (VERS) is 10.69%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 17.16%. 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 | 10.69% | 17.16% | -6.47% |
Volatility (6M)Calculated over the trailing 6-month period | 25.03% | 66.78% | -41.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.13% | 85.47% | -55.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.73% | 103.82% | -72.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.73% | 112.00% | -80.27% |
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 0.13%, 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 | 0.13% | 0.52% | 0.58% | 0.63% | 0.44% |
Frequently Asked Questions
VERS and UVXY have a correlation of -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (17.16%) compared to VERS (10.69%). In terms of maximum drawdown, VERS dropped -42.13% vs UVXY's -100.00%.
On 3-year performance, VERS leads with 18.78% vs -62.17% for UVXY. On fees, VERS is cheaper at 0.58% per year. On volatility, VERS has been the lower-risk option at 10.69%. 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 18.78% return vs -62.17%. 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 0.13%, 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 (0.89 vs -0.86), 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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