OND - ETF AI Analysis
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ProShares On-Demand ETF (OND)
Rating:54Neutral
Price Target:―
Positive Factors
Leading Growth Companies in Top Holdings
The fund’s largest positions include well-known growth names like Nvidia and Capcom, which have shown strong recent performance and can help drive long-term returns.
Global Exposure Beyond the U.S.
Holdings spread across the U.S., Hong Kong, Japan, Germany, and Poland provide some geographic diversification and reduce reliance on a single country’s market.
Focused Exposure to On-Demand and Digital Services
Heavy weights in communication services and technology give investors targeted access to companies tied to streaming, gaming, and other on-demand digital trends.
Negative Factors
Recent Weak Overall Performance
The ETF has delivered negative returns so far this year and over the last three months, which may concern investors looking for near-term stability.
Underperforming Key Holdings
Several of the top positions, including Spotify, Take-Two, Meituan, Uber, and others, have shown weak year-to-date performance, weighing on the fund’s results.
High Fee for a Thematic ETF
The expense ratio is on the higher side compared with many broad-market ETFs, meaning more of the fund’s returns are eaten up by costs.
OND vs. SPDR S&P 500 ETF (SPY)
AUM3.53M
RegionGlobal
Expense Ratio0.58%
Beta1.11
IssuerProShares
Inception DateOct 26, 2021
Dividend YieldN/A
Asset ClassEquity
Index TrackedFactSet On-Demand Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume369
30 Day Avg. Volume404
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
43.78Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering26
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
OND Summary
ProShares On-Demand ETF (OND) follows the FactSet On-Demand Index, focusing on companies that power the on-demand economy—things you can stream, order, or book instantly. It holds well-known names like Nvidia and Netflix, plus platforms such as Spotify and Uber, across the U.S. and several international markets. An investor might choose OND to tap into the long-term growth of digital services and to get a mix of many companies instead of picking single stocks. However, it is heavily tied to tech and online services, so its price can rise and fall sharply with trends in these areas.
How much will it cost me?The ProShares On-Demand ETF (OND) has an expense ratio of 0.58%, meaning you’ll pay $5.80 per year for every $1,000 invested. This expense ratio is higher than average because the ETF is actively managed and focuses on a niche theme within the on-demand economy, requiring more specialized research and management.
What would affect this ETF?The ProShares On-Demand ETF could benefit from continued growth in the on-demand economy, driven by increasing consumer reliance on e-commerce, streaming services, and gig platforms, as well as advancements in technology like AI and automation. However, it may face challenges from regulatory changes affecting gig economy companies, economic slowdowns that reduce discretionary spending, or competition in the tech and communication sectors. Its global exposure and focus on innovative companies provide opportunities but also expose it to geopolitical risks and market volatility.
OND Top 10 Holdings
OND is leaning hard into the global on‑demand economy, with a big tilt toward digital platforms and gaming. DoorDash and Take-Two have been the fund’s bright spots lately, helping to pull performance higher as food delivery and blockbuster game pipelines stay in demand. Nvidia adds a powerful tech engine, though its recent trading has been choppy. On the flip side, Roblox, Grab, Uber, and Spotify have been losing steam, acting as a drag. Overall, the ETF is concentrated in communication services and tech, with exposure spread across U.S. and Asian names.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Roblox | 5.95% | $210.21K | $39.67B | -47.08% | 51 Neutral | |
| Take-Two | 5.26% | $185.80K | $47.34B | 7.42% | 53 Neutral | |
| DoorDash | 5.24% | $185.26K | $83.66B | -23.67% | 76 Outperform | |
| Grab | 5.03% | $177.68K | $15.99B | -22.54% | 64 Neutral | |
| Netease Inc | 4.82% | $170.32K | HK$655.66B | -0.19% | 80 Outperform | |
| Uber Technologies | 4.47% | $157.88K | $151.51B | -25.71% | 74 Outperform | |
| Electronic Arts | 4.41% | $155.75K | $51.46B | 34.59% | 70 Outperform | |
| Spotify | 4.24% | $149.73K | $100.03B | -34.40% | 66 Neutral | |
| Nvidia | 4.16% | $147.05K | $4.71T | 22.22% | 76 Outperform | |
| Meituan | 4.08% | $144.35K | HK$442.11B | -41.29% | 74 Outperform |
OND Technical Analysis
Positive
―
Price Trends
34.78
Positive
34.79
Positive
39.03
Negative
Market Momentum
0.08
Negative
54.96
Neutral
82.49
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For OND, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 34.33, equal to the 50-day MA of 34.78, and equal to the 200-day MA of 39.03, indicating a neutral trend. The MACD of 0.08 indicates Negative momentum. The RSI at 54.96 is Neutral, neither overbought nor oversold. The STOCH value of 82.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OND.
OND Peer Comparison
Comparison Results
Performance Comparison
OND
ProShares On-Demand ETF
35.08
-7.49
-17.59%
IBOT
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LOGO
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PAWZ
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YUNG
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STYL
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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