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

$5.4 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorProShares
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateMar 15, 2022
Assets (mns)$5
Expense ratio58 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingEqual
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
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 holdings41
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)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 3.5% 12.3% 16.5% -- -- -- -0.3%
Volatility 20.7% 22.2% 30.9% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.4269%
MSCI EAFE1.2350%
MSCI Emg Mkts1.1949%
Liquidity Measures
Avg. volume (000)1
Turnover0.8%
Avg. Bid/Ask (% of price)0.10%
ADV of underlying (mns)$112,566
Technical Indicators
Recent close$45.00
30d moving avg.$42.00
Annualized volatility32.9%
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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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 --%
1.2 5.4 3.4 0.7% --
Based on closing prices from 7/18/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

-15.4%

Cat. Avg

3.9%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-15.4%
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 3.9% and a standard deviation of 4.7%. VERS's ALTAR Score™ is approximately 4.1 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
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. 77.0 49.5 126.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .