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 sponsorProShares
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateOct 26, 2021
Assets (mns)$1
Expense ratio58 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
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 holdings25
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)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 26.8% 45.9% 33.0% -- -- -- -2.4%
Volatility 19.8% 20.6% 27.8% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.3277%
MSCI EAFE1.3072%
MSCI Emg Mkts1.2768%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
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 volatility27.5%
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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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 --%
2.4 51.1 3.7 0.3% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

OND
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
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 .