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 31.89%/yr vs -64.55%/yr for UVXY. At a correlation of -0.61, 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 36.54% return, which is significantly higher than UVXY's -19.06% return.
VERS
- 1D
- -0.99%
- 1M
- 23.22%
- YTD
- 36.54%
- 6M
- 36.31%
- 1Y
- 68.21%
- 3Y*
- 31.89%
- 5Y*
- —
- 10Y*
- —
UVXY
- 1D
- -0.24%
- 1M
- -22.10%
- YTD
- -19.06%
- 6M
- -37.37%
- 1Y
- -72.91%
- 3Y*
- -64.55%
- 5Y*
- -67.90%
- 10Y*
- -72.67%
VERS vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VERS ProShares Metaverse ETF | 36.54% | 26.16% | 16.92% | 51.13% | -34.52% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -19.06% | -65.32% | -50.90% | -87.70% | -58.72% |
Correlation
The correlation between VERS and UVXY is -0.56, 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 | -0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | -0.61 |
The correlation between VERS and UVXY has been stable across timeframes, ranging from -0.61 to -0.56 - 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.
| VERS | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.45 | ||
| Sortino ratioReturn per unit of downside risk | +4.87 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.82 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | -0.97 | +3.95 |
| Martin ratioReturn relative to average drawdown | 8.63 | -1.31 | +9.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VERS | UVXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | -0.87 | +3.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | -0.68 | +1.25 |
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% | -75.22% | +52.20% |
Max Drawdown (3Y)Largest decline over 3 years | -29.34% | -95.45% | +66.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -0.99% | -100.00% | +99.01% |
Average DrawdownAverage peak-to-trough decline | -15.06% | -98.55% | +83.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.92% | 55.63% | -47.71% |
Volatility
VERS vs. UVXY - Volatility Comparison
The current volatility for ProShares Metaverse ETF (VERS) is 9.76%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 11.77%. 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 | 9.76% | 11.77% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 20.43% | 62.64% | -42.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.54% | 84.42% | -57.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.26% | 103.85% | -72.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.26% | 113.82% | -82.56% |
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 0.24%, 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 | 0.24% | 0.52% | 0.58% | 0.63% | 0.44% |
Frequently Asked Questions
VERS and UVXY have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (11.77%) compared to VERS (9.76%). In terms of maximum drawdown, VERS dropped -42.13% vs UVXY's -100.00%.
On 3-year performance, VERS leads with 31.89% vs -64.55% for UVXY. 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.
Over the 3-year period, VERS has performed better with a 31.89% return vs -64.55%. 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 0.24%, 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 (2.59 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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