Versus Systems (VS)
Market Price (1/20/2026): $1.25 | Market Cap: $6.1 MilSector: Information Technology | Industry: Application Software
Versus Systems (VS)
Market Price (1/20/2026): $1.25Market Cap: $6.1 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -23% | Weak multi-year price returns2Y Excs Rtn is -99%, 3Y Excs Rtn is -162% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -92% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 2282% | Weak revenue growthRev Chg QQuarterly Revenue Change % is null | |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40% | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 19% | |
| Megatrend and thematic driversMegatrends include Interactive Entertainment & Engagement. Themes include Gamified Engagement Platforms, Real-time Fan Rewards, and Live Event Interactivity. | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -101%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -101% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -31% | ||
| Key risksVS key risks include [1] profound financial instability and significant going concern risk stemming from a history of recurring losses, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -23% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 2282% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40% |
| Megatrend and thematic driversMegatrends include Interactive Entertainment & Engagement. Themes include Gamified Engagement Platforms, Real-time Fan Rewards, and Live Event Interactivity. |
| Weak multi-year price returns2Y Excs Rtn is -99%, 3Y Excs Rtn is -162% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -92% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is null |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 19% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -101%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -101% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -31% |
| Key risksVS key risks include [1] profound financial instability and significant going concern risk stemming from a history of recurring losses, Show more. |
Why The Stock Moved
Qualitative Assessment
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Here are five key points explaining the approximate -36.4% stock movement for Versus Systems (VS) from October 31, 2025, to January 20, 2026:
1. Negative Analyst Sentiment and Bearish Outlook
The market sentiment for Versus Systems during this period was predominantly bearish, with analysts issuing negative evaluations and forecasts. As of January 17, 2026, the current sentiment was "Bearish" according to one analysis. Another source, as of January 16, 2026, held a "negative evaluation" for the stock. These assessments indicate a lack of confidence among market watchers regarding the company's short-term prospects.
2. Lag in Commercial Revenue from New Partnerships
While Versus Systems announced several collaborations, including definitive agreements with Drinkfinger (December 23, 2025) and LiftMedia (December 11, 2025) for global engagement platforms, the commercial revenue from these partnerships is not expected immediately. For instance, revenue from the Drinkfinger collaboration is anticipated to begin in Q1 2026, and the LiftMedia pilot is slated for late Q1 2026. This delay in tangible financial results likely contributed to investor impatience and downward pressure on the stock.
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1. Negative Analyst Sentiment and Bearish Outlook
The market sentiment for Versus Systems during this period was predominantly bearish, with analysts issuing negative evaluations and forecasts. As of January 17, 2026, the current sentiment was "Bearish" according to one analysis. Another source, as of January 16, 2026, held a "negative evaluation" for the stock. These assessments indicate a lack of confidence among market watchers regarding the company's short-term prospects.
2. Lag in Commercial Revenue from New Partnerships
While Versus Systems announced several collaborations, including definitive agreements with Drinkfinger (December 23, 2025) and LiftMedia (December 11, 2025) for global engagement platforms, the commercial revenue from these partnerships is not expected immediately. For instance, revenue from the Drinkfinger collaboration is anticipated to begin in Q1 2026, and the LiftMedia pilot is slated for late Q1 2026. This delay in tangible financial results likely contributed to investor impatience and downward pressure on the stock.
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Stock Movement Drivers
Fundamental Drivers
The -36.4% change in VS stock from 10/31/2025 to 1/19/2026 was primarily driven by a -36.3% change in the company's P/S Multiple.| 10312025 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 1.98 | 1.26 | -36.36% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2.18 | 2.18 | -0.18% |
| P/S Multiple | 4.45 | 2.83 | -36.25% |
| Shares Outstanding (Mil) | 4.90 | 4.90 | 0.00% |
| Cumulative Contribution | -36.36% |
Market Drivers
10/31/2025 to 1/19/2026| Return | Correlation | |
|---|---|---|
| VS | -36.4% | |
| Market (SPY) | 1.4% | 13.3% |
| Sector (XLK) | -3.1% | 5.4% |
Fundamental Drivers
The -45.0% change in VS stock from 7/31/2025 to 1/19/2026 was primarily driven by a -94.2% change in the company's P/S Multiple.| 7312025 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 2.29 | 1.26 | -44.98% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 0.23 | 2.18 | 847.00% |
| P/S Multiple | 48.78 | 2.83 | -94.19% |
| Shares Outstanding (Mil) | 4.90 | 4.90 | 0.00% |
| Cumulative Contribution | -44.98% |
Market Drivers
7/31/2025 to 1/19/2026| Return | Correlation | |
|---|---|---|
| VS | -45.0% | |
| Market (SPY) | 9.7% | 23.7% |
| Sector (XLK) | 11.0% | 22.5% |
Fundamental Drivers
The -45.0% change in VS stock from 1/31/2025 to 1/19/2026 was primarily driven by a -95.6% change in the company's Shares Outstanding (Mil).| 1312025 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 2.29 | 1.26 | -44.98% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 0.09 | 2.18 | 2281.70% |
| P/S Multiple | 62.72 | 2.83 | -95.48% |
| Shares Outstanding (Mil) | 2.51 | 4.90 | -95.60% |
| Cumulative Contribution | -95.26% |
Market Drivers
1/31/2025 to 1/19/2026| Return | Correlation | |
|---|---|---|
| VS | -45.0% | |
| Market (SPY) | 15.9% | 12.4% |
| Sector (XLK) | 26.8% | 12.6% |
Fundamental Drivers
The -87.1% change in VS stock from 1/31/2023 to 1/19/2026 was primarily driven by a -4806.2% change in the company's Shares Outstanding (Mil).| 1312023 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 9.76 | 1.26 | -87.09% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1.28 | 2.18 | 69.66% |
| P/S Multiple | 0.76 | 2.83 | 273.26% |
| Shares Outstanding (Mil) | 0.10 | 4.90 | -4806.24% |
| Cumulative Contribution | -29903.85% |
Market Drivers
1/31/2023 to 1/19/2026| Return | Correlation | |
|---|---|---|
| VS | -87.1% | |
| Market (SPY) | 76.5% | 7.2% |
| Sector (XLK) | 118.6% | 7.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VS Return | -24% | -98% | -61% | -27% | -45% | 4% | -100% |
| Peers Return | -14% | -77% | 66% | 112% | 6% | -3% | -29% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| VS Win Rate | 33% | 33% | 42% | 33% | 33% | 100% | |
| Peers Win Rate | 43% | 22% | 57% | 43% | 42% | 20% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| VS Max Drawdown | -32% | -99% | -69% | -64% | -45% | 0% | |
| Peers Max Drawdown | -39% | -81% | -31% | -43% | -51% | -6% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SKLZ, APP, U, CDLX, SEAT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/16/2026 (YTD)
How Low Can It Go
| Event | VS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -99.9% | -25.4% |
| % Gain to Breakeven | 113916.2% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -42.2% | -33.9% |
| % Gain to Breakeven | 73.1% | 51.3% |
| Time to Breakeven | 11 days | 148 days |
| 2018 Correction | ||
| % Loss | -57.2% | -19.8% |
| % Gain to Breakeven | 133.9% | 24.7% |
| Time to Breakeven | 395 days | 120 days |
Compare to SKLZ, APP, U, CDLX, SEAT
In The Past
Versus Systems's stock fell -99.9% during the 2022 Inflation Shock from a high on 2/17/2021. A -99.9% loss requires a 113916.2% gain to breakeven.
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Versus Systems Inc. develops and operates a business-to-business software platform in the United States and Canada. The company operates eXtreme Engagement Online, a platform that allows live event producers, professional sports franchises, video game publishers and developers, live event producers, and professional sports franchises, as well as other interactive media content creators, to offer in-game prizing and rewards based on the completion of in-content challenges alongside other user engagement tools. It primarily sells its access to platform and service offerings through its direct sales organization. Versus Systems Inc. is headquartered in Vancouver, Canada.
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Here are 1-3 brief analogies for Versus Systems (VS):
- Stripe for real-world prize contests and interactive fan engagement.
- HQ Trivia for any game or live stream.
- Shopify for running real-world prize contests in digital content.
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- Prizing and Rewards Platform: A white-label software platform enabling game developers and publishers to offer real-world prizes and experiences to players based on in-game performance.
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Versus Systems (VS) primarily sells its engagement and rewards platform technology and services to other companies (B2B).
Based on their financial disclosures (e.g., 10-K filings), a single customer accounts for a significant majority of Versus Systems' revenue. While not explicitly named in public filings, public announcements and industry analysis strongly indicate this primary major customer is:
- HP (Symbol: HPQ) - Versus Systems has integrated its prizing engine into the OMEN Gaming Hub, providing rewards and engagement features to HP's global gaming ecosystem.
Other notable customer companies and partners that have publicly engaged with Versus Systems for their technology include:
- Xcite.com (part of Alghanim Industries) - A major electronics retailer in the Middle East that partnered with Versus to offer rewards through a white-labeled engagement platform. Alghanim Industries is a private company.
- Complex Networks (part of BuzzFeed, Symbol: BZFD) - Versus Systems partnered with Complex Networks for virtual events like "ComplexLand" to provide interactive prizing experiences.
- Hasbro (Symbol: HAS) - Versus has collaborated with Hasbro on integrating prizing into branded mobile game experiences.
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- Amazon.com, Inc. (AMZN)
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Here is the management team for Versus Systems (symbol: VS):Luis Goldner
Chief Executive Officer
Mr. Goldner was appointed Chief Executive Officer of Versus Systems on October 25, 2024. He brings extensive executive management experience, having previously served as Chief Executive Officer of Intralot do Brazil, a publicly-listed global leader in the gaming sector, and as Chief Executive Officer of Trust Impressores, a subsidiary of Oberthur Group, which specializes in high-security printing. Mr. Goldner also held the role of Chief Operating Officer and was a Member of the Board of Directors of ICARO Media Group, Inc. He was instrumental in establishing Smart Card technology in Brazil and in growing Intralot do Brazil into one of the country's leading lottery operators.
Geoff Deller
Chief Financial Officer
Mr. Deller was appointed interim Chief Financial Officer of Versus Systems on July 22, 2024. Prior to joining Versus Systems, he served as President and Chief Investment Officer of Orinoco Capital, LLC, a multi-family office investment company, where he managed global investment assets for wealthy families. He has over two decades of experience in investment banking, and has also served as interim COO of an entertainment content and creation company and as CFO and Co-COO of a privately held global consumer products company. Mr. Deller co-founded Luxury Experience Charlotte and the Charlotte Drivers Club, which contributed to over $25 million in new assets under management. His transaction expertise includes structuring deals in transportation and logistics and facilitating acquisitions.
Alex Peachey
Chief Technology Officer
Mr. Peachey joined Versus Systems as Chief Technology Officer in May 2016. He leads the architecture efforts for the company's Winfinite challenge platform. Before his time at Versus Systems, Mr. Peachey founded Threadbias LLC, an online community for sewing enthusiasts, where he continues to serve as CEO. From February 2012 to May 2016, he was the Director of Engineering at Originate, Inc., managing a team of software engineers.
Amanda Armour
Chief People Officer
Ms. Armour was appointed Chief People Officer of Versus Systems on July 30, 2021, having been with the company since 2016. In this role, she is responsible for driving growth, cultivating company culture, and overseeing learning and development as well as hiring initiatives. Her background includes creating and implementing operational, hiring, and organizational strategies for the inaugural 2016 Cedar Sinai-Techstars partnership and its resulting technology companies. Additionally, Ms. Armour has led national research teams focused on organizational behavior for NIH and the Robert Wood Johnson Foundation, and she has served on the Advisory Board of Aeras Fog, a drone technology company.
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The primary and most significant risk to Versus Systems (VS) is its profound financial instability and the associated going concern risk.
- Financial Instability and Going Concern Risk: Versus Systems has demonstrated a history of recurring losses and negative cash flows, which casts significant doubt on its capacity to continue operations as a going concern without securing additional financing or undertaking a strategic transaction. The company's ongoing viability is contingent on its ability to raise further capital, enhance cash flow, or pursue a strategic business maneuver; failure to do so could lead to dissolution and liquidation. This precarious financial state is further underscored by a dramatic decline in revenue and a substantial reduction in its customer base. The financial challenges have also necessitated a significant business restructuring and changes in key management personnel.
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Versus Systems Inc. (VS) offers proprietary interactive engagement platforms and prizing and promotions tools that allow brands and content creators to provide real-world prizes within games, applications, and streaming content. The company's main products and services operate within several significant addressable markets globally and regionally.
Addressable Markets for Versus Systems' Products and Services:
- Global Gamification Market: This market, which encompasses the integration of game mechanics into non-game environments to increase user engagement, was valued at approximately USD 20.35 billion in 2024. It is projected to grow to about USD 132.6 billion by 2032, demonstrating a Compound Annual Growth Rate (CAGR) of 26.4% from 2025 to 2032. North America currently holds a dominant position in this market, accounting for over 36.7% of the market share in 2024.
- Global In-Game Advertising Market: Versus Systems' offerings that facilitate real-world prizes within digital experiences are a component of the broader in-game advertising market. This global market is estimated to be over USD 119.31 billion in 2025 and is projected to nearly double to USD 197.99 billion by 2030, with a CAGR of approximately 10.66%.
- Global Interactive Content Platform Market: This market, which includes platforms enabling engaging and bespoke content, is projected to reach USD 130.71 billion in 2025. It is expected to grow to USD 682.86 billion by 2033, exhibiting a CAGR of 22.95%. North America is a dominant region in this market due to its advanced digital infrastructure and high internet penetration.
- Global Esports Market: Versus Systems has shown an interest in the esports scene, including expanding its offerings in this area. The global esports market was valued at USD 1.3 billion in 2023 and is projected to reach USD 9.2 billion by 2033, growing at a CAGR of 21.2% from 2024 to 2033. North America generated the highest revenue in the esports market in 2023, with a market share exceeding 36.3% and a revenue of USD 0.83 billion. The U.S. esports market alone is valued at over USD 1.07 billion.
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Here are 3-5 expected drivers of future revenue growth for Versus Systems (symbol: VS) over the next 2-3 years:- Expansion into New Geographic Markets: Versus Systems has demonstrated a clear strategy of expanding its reach, notably with its expansion into Brazil in January 2025, a significant gaming market. This geographic expansion is anticipated to open new avenues for customer acquisition and increased usage of its engagement and rewards platform.
- Continued Product Development and AI Innovation: The company emphasizes organic growth through ongoing product development and innovation, with a particular focus on artificial intelligence. By integrating machine learning and enhanced personalization into its gamification and reward capabilities, Versus Systems aims to improve its offerings, attract new clients, and increase engagement with existing users.
- Strategic Partnerships and Acquisitions: Versus Systems plans to pursue opportunistic inorganic growth opportunities, including evaluating potential partnerships and acquisition opportunities. These collaborations and integrations could expand the power and reach of its platform, leading to increased market share and diversified revenue streams. The extension of existing partnerships, such as with the Texas Rangers for the 2025 season, also indicates ongoing revenue from strengthened customer relationships.
- Growth of Existing Gamification and Rewards Platforms: Versus Systems provides a suite of proprietary, interactive, prizing and promotions tools including its live event suite, advertising products, and platforms like eXtreme Engagement Online, Filter Fan Cam, and Winfinite. Increased adoption and utilization of these existing offerings by brands and content creators to engage audiences and drive sales will contribute to future revenue growth.
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Share Issuance
- In December 2024, Versus Systems issued 2,155,172 common shares and warrants in connection with the conversion of a $2.5 million promissory note held by ASPIS Cyber Technologies, Inc..
- In November 2023, Versus Systems issued 15,838,441 common shares to Cronus Equity Capital Group, LLC, as part of a strategic investment, amounting to approximately $2,562,659.76 for the first tranche. An additional 8,888,920 common shares were expected to be issued as a second tranche.
- In February 2023, the company completed a direct offering of 2.5 million shares at $0.90 per share to institutional investors, raising approximately $2.25 million.
Inbound Investments
- In October 2024, Versus Systems entered into a $2.5 million funding agreement with ASPIS Cyber Technologies, which included a convertible promissory note. Initially, $500,000 was delivered, with $2,000,000 deferred pending Nasdaq's review.
- In November 2023, Cronus Equity Capital Group, LLC made a strategic investment in Versus Systems, purchasing shares for approximately $2,562,659.76 for the first tranche, with the total investment contemplating the issuance of up to 24,727,361 common shares.
- ASPIS Cyber Technologies is expected to invest $2.5 million in Versus Systems, which could lead to Aspis owning an estimated 45.8% of Versus' outstanding common stock.
Outbound Investments
- In June 2021, Versus Systems acquired Xcite Interactive, which provided key technology and relationships for live events fan engagement.
Capital Expenditures
- Versus Systems reported $0.00 Million in cash flow for capital expenditures for the three months ended June 2025, and also $0.00 Million for the trailing twelve months ended June 2025.
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Peer Comparisons for Versus Systems
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 5.71 |
| Mkt Cap | 0.1 |
| Rev LTM | 447 |
| Op Inc LTM | -43 |
| FCF LTM | -10 |
| FCF 3Y Avg | 15 |
| CFO LTM | -1 |
| CFO 3Y Avg | 24 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -10.7% |
| Rev Chg 3Y Avg | 10.1% |
| Rev Chg Q | -8.5% |
| QoQ Delta Rev Chg LTM | 0.6% |
| Op Mgn LTM | -23.7% |
| Op Mgn 3Y Avg | -30.5% |
| QoQ Delta Op Mgn LTM | 1.0% |
| CFO/Rev LTM | -0.6% |
| CFO/Rev 3Y Avg | 2.4% |
| FCF/Rev LTM | -6.0% |
| FCF/Rev 3Y Avg | -1.9% |
Price Behavior
Price Behavior
| Market Price | $1.26 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 03/16/2018 | |
| Distance from 52W High | -55.2% | |
| 50 Days | 200 Days | |
| DMA Price | $1.37 | $1.95 |
| DMA Trend | down | down |
| Distance from DMA | -8.0% | -35.5% |
| 3M | 1YR | |
| Volatility | 59.2% | 69.7% |
| Downside Capture | 115.67 | 124.16 |
| Upside Capture | -149.71 | 24.37 |
| Correlation (SPY) | 12.9% | 13.9% |
VS Betas & Captures as of 12/31/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.11 | 0.67 | 0.95 | 1.14 | 0.64 | 0.96 |
| Up Beta | 14.96 | 3.90 | 2.37 | 1.34 | 0.62 | 0.30 |
| Down Beta | -3.36 | 0.43 | 3.00 | 2.27 | 0.35 | 0.52 |
| Up Capture | -285% | -202% | -147% | -35% | 32% | 41% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 6 | 13 | 22 | 52 | 108 | 301 |
| Down Capture | 146% | 154% | 89% | 155% | 112% | 110% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 14 | 25 | 39 | 70 | 135 | 421 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| VS vs. Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| VS | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -35.1% | 28.5% | 19.8% | 70.5% | 3.8% | 10.2% | -1.0% |
| Annualized Volatility | 82.5% | 27.3% | 19.3% | 20.0% | 15.3% | 16.7% | 34.5% |
| Sharpe Ratio | -0.19 | 0.89 | 0.81 | 2.56 | 0.04 | 0.41 | 0.07 |
| Correlation With Other Assets | 17.7% | 14.5% | -5.2% | 5.4% | 4.5% | 10.5% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Based On 5-Year Data
| VS vs. Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| VS | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -71.5% | 18.3% | 14.1% | 19.4% | 11.1% | 6.1% | 20.0% |
| Annualized Volatility | 194.0% | 24.6% | 17.1% | 15.6% | 18.7% | 18.8% | 48.1% |
| Sharpe Ratio | -0.04 | 0.67 | 0.66 | 1.00 | 0.47 | 0.23 | 0.45 |
| Correlation With Other Assets | 7.1% | 6.9% | 1.3% | 0.3% | 6.5% | 3.6% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Based On 10-Year Data
| VS vs. Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| VS | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -57.1% | 23.3% | 15.5% | 14.8% | 7.6% | 5.9% | 70.8% |
| Annualized Volatility | 186.3% | 24.2% | 18.0% | 14.8% | 17.6% | 20.8% | 55.7% |
| Sharpe Ratio | -0.01 | 0.88 | 0.75 | 0.83 | 0.35 | 0.25 | 0.91 |
| Correlation With Other Assets | 5.5% | 5.3% | 2.9% | 1.3% | 5.6% | 4.7% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/14/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 08/14/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/15/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 03/31/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 11/14/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 08/14/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/15/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 04/01/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 11/14/2023 | 6-K (09/30/2023) |
| 06/30/2023 | 08/14/2023 | 6-K (06/30/2023) |
| 03/31/2023 | 05/15/2023 | 6-K (03/31/2023) |
| 12/31/2022 | 03/29/2023 | 20-F (12/31/2022) |
| 09/30/2022 | 11/14/2022 | 6-K (09/30/2022) |
| 06/30/2022 | 08/15/2022 | 6-K (06/30/2022) |
| 03/31/2022 | 05/17/2022 | 6-K (03/31/2022) |
| 12/31/2021 | 04/01/2022 | 20-F (12/31/2021) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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