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ETFs

ProShares On-Demand ETF

OND
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 26 2021
Expense Ratio
0.58%
Type
Global Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$2,549
AUM
$532,007
Associated Index
FactSet On-Demand Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

SPOT
Spotify Technology S.A.
6.96%
NVDA
NVIDIA Corp
6.87%
RBLX
Roblox Corporation - Ordinary Shares - Class A
5.49%
9999
NetEase Inc
5.34%
UBER
Uber Technologies Inc
4.78%
DASH
DoorDash Inc - Ordinary Shares - Class A
4.68%
SNAP
Snap Inc - Ordinary Shares - Class A
4.59%
TTWO
Take-Two Interactive Software, Inc.
4.55%
3659
Nexon Co Ltd
4.53%
ATVI
Activision Blizzard Inc
4.52%
Invest with OND

What is OND?

ProShares On-Demand ETF seeks investment results, before fees and expenses, that track the performance of the FactSet On-Demand Index. ProShares On-Demand ETF is the first ETF focused on investing in companies delivering seamless and convenient services at the touch of a button.

ETFs related toOND

ETFs correlated to OND include ESPO, IRBO, IBUY

OND
ProShares Trust - ProShares On-Demand ETF
ESPO
VanEck ETF Trust - VanEck Video Gaming and eSports ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
IBUY
Amplify ETF Trust - Amplify Online Retail ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
GBUY
Goldman Sachs ETF Trust - Goldman Sachs Future Consumer Equity ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toOND

#SIN

Safety in Sin Stocks

Category

Grow Your Portfolio

Risk Rating

Aggressive

Create your own algorithmic trading strategy with OND using Composer

FAQ

OND is a Global Equities ETF. ProShares On-Demand ETF seeks investment results, before fees and expenses, that track the performance of the FactSet On-Demand Index. ProShares On-Demand ETF is the first ETF focused on investing in companies delivering seamless and convenient services at the touch of a button.

OND tracks the FactSet On-Demand Index.

No, OND is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, OND is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on OND is 0.0163%. This is the percent change in the value of OND over the most recent 1-month period. The 3-month return on OND is 0.1152%. This is the percent change in the value of OND over the most recent 3-month period.

The standard deviation of OND for the past year is 0.371%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to OND include IXN, SMH, and KWEB.

ETFs correlated to OND include ESPO, IRBO, and IBUY.

ETFs that are inversely correlated to OND include WEBS, SARK, and HIBS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.