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.


Rules-Based, Concentrated

MANAGEMENT MATRIX

EBIZ

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorProShares
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateJul 13, 2018
Assets (mns)$102
Expense ratio58 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
AMAZON.COM INC 24.2 %
ALIBABA GROUP HOLDING LTD. SPONSORED ADR 11.9 %
EBAY INC 6.4 %
PINDUODUO, INC. SPONSORED ADR CLASS A 4.8 %
COUPANG, INC. CLASS A 4.4 %
SEA LTD. (SINGAPORE) SPONSORED ADR CLASS 4.4 %
DOORDASH, INC. CLASS A 4.1 %
CHEWY, INC. CLASS A 4.0 %
WAYFAIR INC- CLASS A 3.6 %
MERCADOLIBRE INC 3.4 %
Constituent Breakdown
Number of holdings25
Herfindahl-Hirschman Index 1,094
Wgt avg mkt cap (mns)$371,411
Large cap (>$10bn)73.0%
Mid cap ($2-10bn)6.0%
Small cap (<$2bn)14.8%
Developed mkts.73.2%
Emerging mkts.26.8%
Country Exposure
UNITED STATES 66.0 %
CHINA 20.7 %
SOUTH KOREA 4.4 %
SINGAPORE 4.4 %
ARGENTINA 3.4 %
ISRAEL 0.7 %
Historical Performance


Standardized Annual Returns (as of 05/31/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
3.8% -15.7% -37.6% -14.2% -- -- -5.1%
Market Correlations
versus...BetaR-squared
S&P 5001.2644%
MSCI EAFE1.1738%
MSCI Emg Mkts1.5165%
Liquidity Measures
Avg. volume (000)18
Turnover0.6%
Avg. Bid/Ask (% of price)0.09%
ADV of underlying (mns)$5,042
Technical Indicators
Recent close$31.90
30d moving avg.$30.08
Annualized volatility34.3%
Relative strength (RSI)61
Short interest (ETF)0.0%
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: ONLN vs. Comps (1 YR)

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Results & Estimates
  2018 2019 2020 2021 2022 2023E 2024E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends 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
  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 --%
0.6 10.6 7.8 0.2% --
Based on closing prices from 6/8/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

-2.5%

Cat. Avg

3.9%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-2.5%
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 344 funds in the Global Equities category, with an average ALTAR Score™ of 3.9% and a standard deviation of 5.0%. ONLN's ALTAR Score™ is approximately 1.3 standard deviations below the category average. This places ONLN in the 10st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
Latest price
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Volume
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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)
ONLN 58.0 8.7 66.7
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.