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VERS vs. XLK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VERS vs. XLK

Last updated Jun 24, 2026

VERS (ProShares Metaverse ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both Technology Equities funds - VERS tracks the Solactive Metaverse Theme Index - Benchmark TR Net while XLK tracks the S&P Technology Select Sector Daily Capped 35/20 Index. Both are passively managed. Over the past 3 years, VERS returned 26.24%/yr vs 30.61%/yr for XLK. Their correlation of 0.84 suggests significant overlap in exposure. VERS charges 0.58%/yr vs 0.08%/yr for XLK.

Performance

VERS vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Metaverse ETF (VERS) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VERS achieves a 20.88% return, which is significantly lower than XLK's 28.25% return.

VERS

1D
-4.41%
1M
-5.52%
YTD
20.88%
6M
19.83%
1Y
47.06%
3Y*
26.24%
5Y*
—
10Y*
—

XLK

1D
-4.14%
1M
2.23%
YTD
28.25%
6M
26.51%
1Y
52.47%
3Y*
30.61%
5Y*
21.34%
10Y*
25.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VERS vs. XLK - Yearly Performance Comparison

2026 (YTD)2025202420232022
VERS
ProShares Metaverse ETF		20.88%26.16%16.92%51.13%-33.05%
XLK
State Street Technology Select Sector SPDR ETF		28.25%24.61%21.63%56.02%-16.72%

Correlation

The correlation between VERS and XLK is 0.81, 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

0.80

Correlation (All Time)
Calculated using the full available price history since Mar 17, 2022

0.84

The correlation between VERS and XLK has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

VERS vs. XLK - Sectors Allocation Comparison

Sectors
VERS
XLK

Technology

76.6%
99.7%

Communication Services

16.2%

-

Consumer Cyclical

6.0%

-

Real Estate

1.3%

-

Basic Materials

-

-

Consumer Defensive

-

-

Energy

-

0.2%

Financial Services

-

-

Healthcare

-

-

Industrials

-

0.1%

Utilities

-

-

Technology

VERS
76.6%
XLK
99.7%

Communication Services

VERS
16.2%
XLK

-

Consumer Cyclical

VERS
6.0%
XLK

-

Real Estate

VERS
1.3%
XLK

-

Basic Materials

VERS

-

XLK

-

Consumer Defensive

VERS

-

XLK

-

Energy

VERS

-

XLK
0.2%

Financial Services

VERS

-

XLK

-

Healthcare

VERS

-

XLK

-

Industrials

VERS

-

XLK
0.1%

Utilities

VERS

-

XLK

-

Compare stocks, funds, or ETFs

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ProShares Metaverse ETF

State Street Technology Select Sector SPDR ETF

Often compared with VERS:
VERS vs. TIMEVERS vs. VOOVERS vs. STHHVERS vs. TQQQVERS vs. SMHVERS vs. PSIVERS vs. BITU
Often compared with XLK:
XLK vs. QQQXLK vs. VGTXLK vs. SMHXLK vs. SPYXLK vs. FTECXLK vs. XLEXLK vs. IYW

Return for Risk

VERS vs. XLK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VERS
VERS Risk / Return Rank: 4646
Overall Rank
VERS Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
VERS Sortino Ratio Rank: 4747
Sortino Ratio Rank
VERS Omega Ratio Rank: 4747
Omega Ratio Rank
VERS Calmar Ratio Rank: 4545
Calmar Ratio Rank
VERS Martin Ratio Rank: 3939
Martin Ratio Rank
XLK
XLK Risk / Return Rank: 6666
Overall Rank
XLK Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
XLK Sortino Ratio Rank: 6161
Sortino Ratio Rank
XLK Omega Ratio Rank: 6464
Omega Ratio Rank
XLK Calmar Ratio Rank: 6868
Calmar Ratio Rank
XLK Martin Ratio Rank: 6161
Martin Ratio Rank
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. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Metaverse ETF (VERS) and State Street Technology Select Sector SPDR ETF (XLK). 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.

VERSXLKDifference
Sharpe ratioReturn per unit of total volatility
1.63
2.25

-0.62

Sortino ratioReturn per unit of downside risk
2.15
2.77

-0.62

Omega ratioGain probability vs. loss probability

1.28

1.38

-0.10

Calmar ratioReturn relative to maximum drawdown

2.05

3.31

-1.26

Martin ratioReturn relative to average drawdown

5.74

10.56

-4.82

VERS vs. XLK - Sharpe Ratio Comparison

The current VERS Sharpe Ratio is 1.63, which is comparable to the XLK Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of VERS and XLK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VERS vs. XLK - Drawdown Comparison

The maximum VERS drawdown since its inception was -42.13%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for VERS and XLK.

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Drawdown Indicators

VERSXLKDifference

Max Drawdown

Largest peak-to-trough decline

-42.13%

-82.05%

+39.92%

Max Drawdown (1Y)

Largest decline over 1 year

-23.02%

-15.92%

-7.10%

Max Drawdown (3Y)

Largest decline over 3 years

-29.34%

-25.66%

-3.68%

Max Drawdown (5Y)

Largest decline over 5 years

—

-33.56%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.56%

—

Current Drawdown

Current decline from peak

-12.35%

-6.96%

-5.39%

Average Drawdown

Average peak-to-trough decline

-14.97%

-34.90%

+19.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.22%

4.98%

+3.24%

Volatility

VERS vs. XLK - Volatility Comparison

ProShares Metaverse ETF (VERS) has a higher volatility of 14.64% compared to State Street Technology Select Sector SPDR ETF (XLK) at 12.51%. This indicates that VERS's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VERSXLKDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.64%

12.51%

+2.13%

Volatility (6M)

Calculated over the trailing 6-month period

23.73%

19.70%

+4.03%

Volatility (1Y)

Calculated over the trailing 1-year period

29.08%

23.48%

+5.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.69%

25.37%

+6.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.69%

24.71%

+6.98%

VERS vs. XLK - Expense Ratio Comparison

VERS has a 0.58% expense ratio, which is higher than XLK's 0.08% expense ratio.

Dividends

VERS vs. XLK - Dividend Comparison

VERS's dividend yield for the trailing twelve months is around 0.27%, less than XLK's 0.43% yield.

PositionTTM20252024202320222021202020192018201720162015
VERS
ProShares Metaverse ETF		0.27%0.52%0.58%0.63%0.44%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XLK
State Street Technology Select Sector SPDR ETF		0.43%0.54%0.66%0.76%1.04%0.65%0.92%1.16%1.60%1.37%1.74%1.79%

Frequently Asked Questions

VERS and XLK have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VERS has higher volatility (14.64%) compared to XLK (12.51%). In terms of maximum drawdown, VERS dropped -42.13% vs XLK's -82.05%.

On 3-year performance, XLK leads with 30.61% vs 26.24% for VERS. On fees, XLK is cheaper at 0.08% per year. On volatility, XLK has been the lower-risk option at 12.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, XLK has performed better with a 30.61% return vs 26.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XLK is cheaper with a 0.08% expense ratio, compared with 0.58% for VERS.

XLK has the higher dividend yield at 0.43%, compared with 0.27% for VERS.

VERS tracks Solactive Metaverse Theme Index - Benchmark TR Net, while XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.58% for VERS and 0.08% for XLK.

XLK currently has the higher Sharpe Ratio (2.25 vs 1.63), 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.

Portfolio Optimizer

Find the right allocation for VERS and XLK

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