ONLN
ProShares Online Retail ETF
The ProShares Online Retail ETF tracks a global index of stocks issued by companies classified as online retailers according to standard classification systems. Stocks are weighted on a modified market-cap basis.
Fund Basics
| Fund sponsor | ProShares |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 13, 2018 |
| Assets (mns) | $101 |
| Expense ratio | 58 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| AMAZON.COM INC | 25.9 % |
| EBAY INC | 7.9 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 6.4 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 5.8 % |
| WILLIAMS-SONOMA INC | 4.3 % |
| MERCADOLIBRE INC | 4.3 % |
| WAYFAIR INC- CLASS A | 4.1 % |
| ETSY, INC. | 3.9 % |
| CHEWY, INC. CLASS A | 3.9 % |
| FIGS, INC. CLASS A | 3.8 % |
Constituent Breakdown
| Number of holdings | 19 |
| Herfindahl-Hirschman Index | 1,062 |
| Wgt avg mkt cap (mns) | $387,051 |
| Large cap (>$10bn) | 66.4% |
| Mid cap ($2-10bn) | 16.3% |
| Small cap (<$2bn) | 17.3% |
| Developed mkts. | 74.8% |
| Emerging mkts. | 25.2% |
Country Exposure
 |
UNITED STATES | 68.1 % |
 |
CHINA | 15.3 % |
 |
ARGENTINA | 4.3 % |
 |
SOUTH KOREA | 3.7 % |
 |
SINGAPORE | 3.5 % |
 |
BRITAIN | 1.9 % |
 |
ISRAEL | 1.9 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 15.0% | 1.6% | -28.3% | -23.3% | -0.6% | -- | -2.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.25 | 45% |
| MSCI EAFE | 1.25 | 42% |
| MSCI Emg Mkts | 1.43 | 61% |
Liquidity Measures
| Avg. volume (000) | 16 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $4,858 |
Technical Indicators
| Recent close | $33.13 |
| 30d moving avg. | $30.27 |
| Annualized volatility | 32.6% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.2% |
| 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. ONLN |
Expenses vs. ONLN |
ALTAR Score™ vs. ONLN |
|---|---|---|---|---|
| EBIZ | Global X E-Commerce ETF | 41.2% | -8 bp | +3.1% |
| FDIS | Fidelity MSCI Consumer Discretionary Index ETF | 26.6% | -50 bp | +6.8% |
| VCR | Vanguard Consumer Discretionary Index Fund | 26.5% | -48 bp | +6.6% |
| IBUY | Amplify Online Retail ETF | 25.8% | +7 bp | +2.7% |
| XLY | Consumer Discretionary Select Sector SPDR Fund | 25.1% | -48 bp | +6.8% |
| GBUY | Goldman Sachs Future Consumer Equity ETF | 23.3% | +17 bp | +5.5% |
| LRGE | ClearBridge Large Cap Growth ESG ETF | 17.1% | +1 bp | +5.6% |
| PNQI | Invesco NASDAQ Internet ETF | 17.0% | +2 bp | +4.4% |
| IYC | iShares U.S. Consumer Services ETF | 16.3% | -18 bp | +6.1% |
| IEDI | iShares Evolved U.S. Discretionary Spending ETF | 15.9% | -40 bp | +7.1% |
Risk and Returns: ONLN 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 12/6/2023
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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
ONLN
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™
ONLN
-2.2%
Cat. Avg
3.7%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -2.2% |
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 343 funds in the Global Equities category, with an average ALTAR Score™
of 3.7% and a standard deviation of
5.1%. ONLN's ALTAR Score™ is approximately
1.2 standard deviations
below
the category average. This places ONLN in the 13rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ONLN
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
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) |
|
|---|---|---|---|
| ONLN | 58.0 | 7.3 | 65.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .