ProShares - On-Demand ETF
$33.31+0.04 (+0.12%)
- 0.58%
- $3M
- −28.1%
- 0.00%
- 0M sh
- $33.42
- low $32.32high $47.28
The ETF.net OND Grade
D
Score 34 out of 100
- 11 of 11
Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 34
- This cap took
- −0
- Published Score
- 34
Cost
The fund’s net expense ratio, ranked against its category.C46 out of 100Rank 6 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D27 out of 100Rank 11 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F12 out of 100Rank 11 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C51 out of 100Rank 7 of 11
Our read on OND
DThe tap-a-button economy in one ticker: streaming, e-gaming, food delivery, ridesharing, fitness and VR, chosen globally by a FactSet index instead of a stock picker. A small, concentrated ProShares theme fund that launched in 2021.
OND seeks to track, before fees and expenses, the FactSet On-Demand Index by investing in a global portfolio of companies connected to on-demand goods and services, including digital media, e-gaming, fitness, food delivery, ridesharing and virtual reality.
Why people hold it
- One trade covers the on-demand stack: digital media, e-gaming, fitness, food delivery, ridesharing and virtual reality, and it fishes globally rather than sticking to US names.proshares.com
- Rules over hunches. The portfolio tracks the FactSet On-Demand Index, so what goes in and out follows published index rules, not a manager's mood.proshares.com
- 0.58% a year is below the median fee in its consumer-theme peer group, and undercuts thematic rivals like LOGO (0.69%) and EMC (0.65%).
Worth knowing
- Roughly 30 stocks. That is a real theme bet, not a diversifier: one blowup or one breakout name moves the whole fund.
- A small asset base and light trading volume, which tends to mean wider bid-ask spreads than you would pay on a mainstream index fund.
- Built for price return, not payouts. Growth-stage on-demand companies rarely throw off dividends, and the fund has no regular distribution schedule.
OND Holdings
- Stocks
- 28
- 51%
- DASH
Sectors
- Technology60.2%
- Communication27.4%
- Real Estate5.5%
- Industrials4.3%
- Consumer Discretionary2.6%
Geography
- United States43.46%
- China19.70%
- Japan9.02%
- Sweden5.19%
- South Korea4.97%
- Singapore4.63%
- Germany4.39%
- Taiwan3.96%
- 4.68%
Developed 44% · Emerging 56%
OND Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
OND$7,190
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | OND |
|---|---|
| Year to date | −19.0% |
| 1 month | −1.0% |
| 3 months | −4.5% |
| 1 year | −28.1% |
| 3 years | +15.1% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | OND |
|---|---|---|
| 2026 YTD | −19.0% | |
| 2025 | +26.7% | |
| 2024 | +32.0% | |
| 2023 | +27.1% | |
| 2022 | −41.9% | |
| 2021 | −14.3% |
OND in the news
OND Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
OND Risk
- 20.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.58
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −59.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.19
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
OND Cost
0.58%
OND0.58%
- The middle half of Consumer Lifestyle funds
- Median 0.58%
5 of the 11 Consumer Lifestyle funds charge less.
Other funds in Consumer Lifestyle
- CBREWCorgi ETF Trust I - Corgi Coffee & Energy Drinks ETFExpense ratio 0.35%1 year return —
- CSTYLCorgi ETF Trust I - Lifestyle Brands ETFExpense ratio 0.35%1 year return —
- CTSICTruth Social American Icons ETF Amrn Icons ETFExpense ratio 0.65%1 year return —
- DLOGOAlpha Brands Consumption Leaders ETFExpense ratio 0.69%1 year return −1.2%
- DNICOHexis Active Nicotine Engagement ETFExpense ratio 0.70%1 year return —