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

58 bp

EXPENSES

$0.7 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
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
NVIDIA CORP 10.7 %
SPOTIFY TECHNOLOGY SA 6.5 %
ZOMATO LTD. 6.0 %
NETFLIX INC 5.4 %
MEITUAN DIANPING 4.9 %
UBER TECHNOLOGIES, INC. 4.6 %
KRAFTON, INC. 4.5 %
GRAB HOLDINGS LTD. (SINGAPORE) CLASS A 4.4 %
DOORDASH, INC. CLASS A 4.4 %
SNAP, INC. CLASS A 4.2 %
Constituent Breakdown
Number of holdings26
Herfindahl-Hirschman Index 487
Wgt avg mkt cap (mns)$76,128
Large cap (>$10bn)71.7%
Mid cap ($2-10bn)26.6%
Small cap (<$2bn)1.7%
Developed mkts.80.2%
Emerging mkts.19.8%
Country Exposure
UNITED STATES 45.8 %
CHINA 11.0 %
JAPAN 9.3 %
LUXEMBOURG 6.5 %
SOUTH KOREA 6.2 %
INDIA 6.0 %
SINGAPORE 4.4 %
GERMANY 3.6 %
NETHERLANDS 1.9 %
FRANCE 1.5 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 12.7% 18.8% 19.7% -- -- -- -7.1%
Volatility 19.8% 20.6% 27.8% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.3277%
MSCI EAFE1.3172%
MSCI Emg Mkts1.2769%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.51%
ADV of underlying (mns)$47,578
Technical Indicators
Recent close$29.74
30d moving avg.$28.00
Annualized volatility28.3%
Relative strength (RSI)60
Short interest (ETF)7.1%
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)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
2.2 54.5 3.6 0.3% --
Based on closing prices from 7/11/2024
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

OND

-2.1%

Cat. Avg

3.9%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-2.1%
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%. OND's ALTAR Score™ is approximately 1.3 standard deviations below the category average. This places OND in the 10st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
OND
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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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. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .