ProShares - On-Demand ETF
$33.63+0.00 (+0.00%)
- Expense ratio
- 0.58%
- Fund size
- $3M
- 1Y return
- −30.6%
- Yield · Last 12 months
- 0.00%
- Holdings
- 29
- Volume · 30D
- 0M sh
- NAV per share
- $33.74
- 52W range
The ETF.net OND Grade
Score 34 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 46Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 29Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 11Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 51Category rank
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
- 29
- 51%
- DASH
Sectors
- Communication52.0%
- Technology28.0%
- Consumer Discr.17.1%
- Industrials2.9%
Geography
- United States46.09%
- China14.47%
- Japan10.71%
- Sweden5.39%
- South Korea5.35%
- Germany4.83%
- Singapore4.38%
- Taiwan3.98%
- 4.78%
Developed 50% · Emerging 50%
OND Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | −18.3% |
| 1 month | −4.7% |
| 3 months | −1.4% |
| 1 year | −30.6% |
| 3 years | +16.6% |
| 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 | −18.3% | |
| 2025 | +26.7% | |
| 2024 | +32.0% | |
| 2023 | +27.1% | |
| 2022 | −41.9% | |
| 2021 | −14.3% |
OND in the news
ETF.net Research hasn’t filed on OND yet — coverage lands here as it’s written.
OND Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 20, 2023 | Dec 28, 2023 | $0.19 |
| Dec 23, 2021 | Dec 31, 2021 | $0.0053 |
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.
- 0.57
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.
- 1.18
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
- The middle half of Consumer Lifestyle funds
- Median 0.58%
5 of the 11 Consumer Lifestyle funds charge less.