OND
ProShares On-Demand ETF
OND tracks a market-cap-weighted index of global stocks that provides on-demand platforms and services to consumers.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
0.8 M
ASSETS UNDER MGMT
58 bp
EXPENSES
Fund Basics
Fund sponsor | ProShares |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Oct 26, 2021 |
Assets (mns) | $1 |
Expense ratio | 58 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
ZOMATO LTD. | 5.9 % |
NEXON CO LTD | 5.6 % |
ROBLOX CORP. CLASS A | 5.5 % |
KRAFTON, INC. | 5.3 % |
ELECTRONIC ARTS INC | 5.1 % |
SPOTIFY TECHNOLOGY SA | 5.0 % |
CAPCOM CO LTD | 4.9 % |
NETFLIX INC | 4.8 % |
NETEASE, INC | 4.7 % |
MEITUAN DIANPING | 4.7 % |
Constituent Breakdown
Number of holdings | 25 |
Herfindahl-Hirschman Index | 452 |
Wgt avg mkt cap (mns) | $69,056 |
Large cap (>$10bn) | 79.8% |
Mid cap ($2-10bn) | 19.4% |
Small cap (<$2bn) | 0.8% |
Developed mkts. | 76.7% |
Emerging mkts. | 23.3% |
Country Exposure
UNITED STATES | 47.0 % | |
CHINA | 13.2 % | |
JAPAN | 10.5 % | |
SOUTH KOREA | 7.3 % | |
INDIA | 5.9 % | |
LUXEMBOURG | 5.0 % | |
SINGAPORE | 4.4 % | |
GERMANY | 3.3 % | |
NETHERLANDS | 1.9 % | |
FRANCE | 1.7 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 26.8% | 45.9% | 33.0% | -- | -- | -- | -2.4% | Volatility | 19.8% | 20.6% | 27.8% | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.32 | 77% |
MSCI EAFE | 1.30 | 72% |
MSCI Emg Mkts | 1.27 | 68% |
Liquidity Measures
Avg. volume (000) | 0 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.51% |
ADV of underlying (mns) | $38,739 |
Technical Indicators
Recent close | $33.60 |
30d moving avg. | $30.13 |
Annualized volatility | 27.5% |
Relative strength (RSI) | 60 |
Short interest (ETF) | 6.5% |
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. OND |
Expenses vs. OND |
ALTAR Score™ vs. OND |
---|---|---|---|---|
ESPO | VanEck Video Gaming and eSports ETF | 34.5% | -2 bp | +6.1% |
HERO | Global X Video Games & Esports ETF | 34.0% | -8 bp | +6.7% |
BNGE | First Trust S-Network Streaming and Gaming ETF | 32.8% | +12 bp | -0.3% |
ARVR | First Trust Indxx Metaverse ETF | 28.9% | +12 bp | +3.3% |
NERD | Roundhill Video Games ETF | 28.0% | -8 bp | +10.5% |
IVRS | iShares Future Metaverse Tech and Communications ETF | 27.9% | -11 bp | -2.4% |
GGME | Invesco Next Gen Media and Gaming ETF | 27.4% | +2 bp | +5.8% |
FMET | Fidelity Metaverse ETF | 23.8% | -19 bp | +7.4% |
GAMR | Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T | 22.0% | +17 bp | +6.9% |
KEMQ | KraneShares Emerging Markets Consumer Technology Index ETF | 20.9% | +2 bp | +2.5% |
Risk and Returns: OND 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 10/4/2024
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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
OND
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 Rating
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.
ALTAR Score™
OND
-2.1%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 362 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. OND's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places OND in the 9th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ONDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based Global Equity ETFs |
# of ETFs | 191 |
Avg. Expense Ratio | 55.4 bp |
Std. Deviation | 17.5 bp |
OND (58 bp) Percentile rank | 56 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
OND | 58.0 | 50.8 | 108.8 |
Peer Avg. | 56.5 | 39.6 | 96.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .