ETF Evaluator:
ProShares Metaverse ETF ()
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(as of Aug 25)
Best Performing in Technology Over the Last Year
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ETF Details
ProShares Metaverse ETF Overview
ProShares Metaverse ETF (VERS) is a passively managed Sector Equity Technology exchange-traded fund (ETF). ProShares launched the ETF in 2022.
The investment seeks investment results, before fees and expenses, that track the performance of the Solactive Metaverse Theme Index.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of companies that provide or use innovative technologies to offer products and services around the metaverse. “Metaverse” is a term used to refer to a “digital world” or a future iteration of the internet. It will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics.
About ProShares Metaverse ETF (VERS)
There are 2 members of the management team with an average tenure of 4.38 years: Michael Neches (2022) and Tarak Davé (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Solactive Metaverse Theme USD index with a weighting of 100%. ProShares Metaverse ETF has 41 securities in its portfolio. The top 10 holdings constitute 44.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
ProShares Metaverse ETF is part of the Equity global asset class and is within the Sector Equity ETF group. ProShares Metaverse ETF has 9.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 90.6% There is 9.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ProShares Metaverse ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $6 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
VERS Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ProShares Metaverse ETF expense ratio is average compared to funds in the Technology category. ProShares Metaverse ETF has an expense ratio of 0.58%, which is 8% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ProShares Metaverse ETF has a portfolio turnover rate of 51%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 39% for the Technology category.
Recently, in the month of July 2026, ProShares Metaverse ETF returned -10.6%, which earned it a grade of C, as the Technology category had an average return of -9.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
ProShares Metaverse ETF has a trailing yield of 0.14%, which is below the 0.45% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ProShares Metaverse ETF Grades
Year to date, the ETF has returned 10.3%, 11.0 percentage points worse than the category, which translates into a grade of D. The fund has returned 22.7% over the past year (grade of D) and 18.3% over the past three years (grade of D).
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VERS Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VERS Return (NAV) | -10.6% | 0.7% | 22.7% | 18.3% | na | na |
| VERS Return (Price) | -14.1% | -0.3% | 17.9% | 16.8% | na | na |
| NAV +/- Price Return | 3.535% | 0.985% | 4.799% | 1.533% | na | na |
| Technology Avg | -9.8% | 7.3% | 33.6% | 22.3% | 10.5% | 19.0% |
| VERS Grade (NAV) | C | D | D | D | na | na |
| +/- Category (NAV) | -0.7% | -6.6% | -10.9% | -4.0% | na | na |
| VERS Tax-Cost Ratio | na | na | 0.0% | 0.2% | na | na |
VERS Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VERS Return (NAV) | 10.3% | 26.0% | 17.1% | 51.1% | na | na | na | na | na | na | na |
| VERS Return (Price) | 6.0% | 26.2% | 16.9% | 51.2% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.421% | 0.008% | -0.013% | 0.000% | na | na | na | na | na | na | na |
| Technology Avg | 21.3% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| VERS Grade (NAV) | D | C | C | B | na | na | na | na | na | na | na |
| +/- Category | -11.0% | 2.7% | -2.8% | 7.4% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.82 |
| R-Squared: | 64% |
| Standard Deviation: | 28.7% |
| Category Risk Index: | 1.08 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 2.34 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.1% |
| Total Assets: | $ 6 Mil |
| Share Class Assets: | $ 6 Mil |
| Turnover: | 51.0% |
| Expense Ratio: | 0.58% |
| Index Fund: | Yes |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.4 years | |||
| Average Tenure: 4.4 years | |||
| Managers (Year): Neches Michael (2022), Davé Tarak (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 41 |
| % in Top 10 Holdings: | 44.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 9.1% |
Portfolio Allocation |
|
| Domestic Stock: | 90.6% |
| Foreign Stock: | 9.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | ProShares |
| Phone Number: | 866-776-5125 |
| Website: | www.proshares.com |
| Inception Date: | March 15, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.58% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.54% |
