VERS
ProShares Metaverse ETF
VERS tracks a concentrated index of stocks, spanning a broad range of industries globally, that are positioned to benefit from the development and use of the Metaverse. Stocks are selected based on the amount of exposure to the related theme and weighted
Global
EQUITY
Active
MANAGEMENT STYLE
58 bp
EXPENSES
$5.2 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | ProShares |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 15, 2022 |
| Assets (mns) | $5 |
| Expense ratio | 58 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NVIDIA CORP | 5.5 % |
| APPLE INC | 4.9 % |
| META PLATFORMS INC | 4.7 % |
| AMAZON.COM INC | 4.5 % |
| ALPHABET INC. CLASS A | 4.5 % |
| MICROSOFT CORP | 4.2 % |
| ROBLOX CORP. CLASS A | 3.9 % |
| VUZIX CORPORATION | 3.8 % |
| QUALCOMM INC | 3.7 % |
| FUBOTV INC. | 3.6 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 333 |
| Wgt avg mkt cap (mns) | $625,726 |
| Large cap (>$10bn) | 58.6% |
| Mid cap ($2-10bn) | 17.0% |
| Small cap (<$2bn) | 24.5% |
| Developed mkts. | 98.7% |
| Emerging mkts. | 1.3% |
Country Exposure
 |
UNITED STATES | 85.0 % |
 |
IRELAND | 2.9 % |
 |
SWITZERLAND | 2.2 % |
 |
LUXEMBOURG | 1.6 % |
 |
CHINA | 1.2 % |
 |
FINLAND | 1.0 % |
 |
JAPAN | 0.8 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 3.5% | 12.3% | 16.5% | -- | -- | -- | -0.3% | Volatility | 20.7% | 22.2% | 30.9% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.42 | 69% |
| MSCI EAFE | 1.23 | 50% |
| MSCI Emg Mkts | 1.19 | 49% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $112,566 |
Technical Indicators
| Recent close | $43.51 |
| 30d moving avg. | $44.60 |
| Annualized volatility | 32.9% |
| Relative strength (RSI) | 61 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. VERS |
Expenses vs. VERS |
ALTAR Score™ vs. VERS |
|---|---|---|---|---|
| FMET | Fidelity Metaverse ETF | 41.0% | -19 bp | +21.0% |
| METV | Roundhill Ball Metaverse ETF | 37.4% | +1 bp | +19.3% |
| NACP | Impact Shares NAACP Minority Empowerment ETF | 32.9% | -9 bp | +21.1% |
| WISE | Themes Generative Artificial Intelligence ETF | 30.6% | -23 bp | +18.2% |
| IGM | iShares Expanded Tech Sector ETF | 30.5% | -17 bp | +20.6% |
| QQQ | Invesco QQQ Trust Series I | 30.1% | -38 bp | +20.7% |
| QQQM | Invesco NASDAQ 100 ETF | 30.1% | -43 bp | +20.7% |
| SFYF | SoFi Social 50 ETF | 29.8% | -29 bp | +12.6% |
| QGRW | WisdomTree U.S. Quality Growth Fund | 29.7% | -30 bp | +20.9% |
| TECB | iShares U.S. Tech Breakthrough Multisector ETF | 29.4% | -18 bp | +20.3% |
Risk and Returns: VERS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
VERS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
VERS
-16.0%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -16.0% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. VERS's ALTAR Score™ is approximately
4.2 standard deviations
below
the category average. This places VERS in the 1st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
VERS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| VERS (58 bp) Percentile rank | 30 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VERS | 58.0 | 10.3 | 68.3 |
| Peer Avg. | 77.1 | 49.6 | 126.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .