What this ETF is trying to do

The PROSHARES METAVERSE ETF (ticker: VERS) is an exchange-traded fund that focuses on companies involved in the "metaverse." Based on its top holdings, it invests in large technology companies like Microsoft, Apple, and NVIDIA.

What the numbers show

As of October 5, 2026, the current price of one share is $74.74. An estimated price from roughly one year ago was $62.37.

When looking at how this ETF has performed, it is important to understand two different numbers: price return and total return. Price return only measures how much the share price changed. Total return includes those price changes plus any cash payments (distributions) the fund gave to investors.

• One-Year Performance: The one-year price return was approximately 19.84%, while the one-year total return was approximately 19.95%.

• Year-to-Date (YTD): The YTD price return was approximately 21.37%, and the YTD total return was approximately 21.47%.

• Three-Year Performance: Over three years, the price return was approximately 115.89%, while the total return was approximately 119.02%.

Income and distribution explanation

Some investors look for ETFs that pay them regular cash. This is called a "distribution yield." For this ETF, the distribution yield is very low at 0.09%. In the last 12 months, the fund made three payments, but they were on an irregular schedule rather than a set monthly or quarterly date. Because the yield is so low, this ETF is not primarily designed to provide high cash income.

NAV erosion explanation

"NAV erosion" happens when the value of the underlying assets in an ETF drops significantly. It is important to note that a falling share price does not always mean NAV erosion is happening. For this ETF, the erosion-risk score is 100, and the label states "No price erosion detected." This means there is no sign of the type of value loss that triggers a severe erosion-risk flag.

Pros

• Strong Growth: The ETF has shown significant positive returns over the last year and three years.

• Major Companies: Its Top Holdings include well-known companies like Microsoft (4.77%), Apple (4.75%), NVIDIA (4.63%), Meta (4.55%), and Alphabet (4.50%).

• Low Erosion Risk: The data shows no detected price erosion.

Cons

• Low Income: The distribution yield is very small (0.09%).

• Irregular Payments: Cash distributions do not happen on a regular, predictable schedule.

Beginner takeaway

This ETF focuses on technology and metaverse companies. While it has shown strong price increases over the last few years, it provides very little cash income to investors.