ProShares On-Demand ETF (OND) belongs to the Communications Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with OND. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OND
OND charges 0.58% annually. There are 8 ETFs in the Communications Equities category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Communication Services ETF | 0.09% | 6.30B | Sep 2004 | OND vs VOX | |
| Communication Services Select Sector SPDR Fund | 0.13% | 23.26B | Jun 2018 | OND vs XLC | |
| Global X PureCap MSCI Communication Services ETF | 0.15% | — | Jul 2025 | OND vs GXPC | |
| SPDR S&P Telecom ETF | 0.35% | 841.79M | Jan 2011 | OND vs XTL | |
| Fidelity Metaverse ETF | 0.39% | 47.54M | Apr 2022 | OND vs FMET |
Best Risk-Adjusted Alternatives to OND
OND has a PortfoliosLab risk / return rank of 3. There are 8 ETFs in the Communications Equities category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR S&P Telecom ETF | 91 | 841.79M | Jan 2011 | OND vs XTL | |
| iShares U.S. Telecommunications ETF | 87 | 1.13B | May 2000 | OND vs IYZ | |
| Vanguard Communication Services ETF | 24 | 6.30B | Sep 2004 | OND vs VOX | |
| Fidelity Disruptive Communications ETF | 21 | 106.70M | Apr 2020 | OND vs FDCF | |
| Fidelity Metaverse ETF | 17 | 47.54M | Apr 2022 | OND vs FMET |
Top Performing OND Alternatives (YTD)
OND is at -18.87% YTD. There are 9 ETFs in the Communications Equities category with higher YTD returns, going as high as 43.56%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR S&P Telecom ETF | 43.56% | 841.79M | Jan 2011 | OND vs XTL | |
| iShares U.S. Telecommunications ETF | 24.80% | 1.13B | May 2000 | OND vs IYZ | |
| Fidelity Metaverse ETF | 1.20% | 47.54M | Apr 2022 | OND vs FMET | |
| Fidelity Disruptive Communications ETF | 0.53% | 106.70M | Apr 2020 | OND vs FDCF | |
| Global X PureCap MSCI Communication Services ETF | -0.80% | — | Jul 2025 | OND vs GXPC |
Lowest Volatility Alternatives to OND
OND has 20.91% 1-year volatility. There are 8 ETFs in the Communications Equities category with lower 1-year volatility, going as low as 13.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Communication Services Select Sector SPDR Fund | 13.54% | 23.26B | Jun 2018 | OND vs XLC | |
| Gabelli Opportunities in Live and Sports ETF | 13.74% | 12.55M | Jan 2026 | OND vs GOLS | |
| Invesco S&P 500 Equal Weight Communication Service... | 13.86% | 62.46M | Nov 2018 | OND vs RSPC | |
| Vanguard Communication Services ETF | 15.80% | 6.30B | Sep 2004 | OND vs VOX | |
| MUSQ Global Music Industry Index ETF | 17.33% | 24.93M | Jul 2023 | OND vs MUSQ |
Lowest Drawdown Alternatives to OND
OND has a 1-year max drawdown of -33.80%. There are 8 ETFs in the Communications Equities category with shallower 1-year drawdowns, going as shallow as -9.15%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares U.S. Telecommunications ETF | -9.15% | 1.13B | May 2000 | OND vs IYZ | |
| Communication Services Select Sector SPDR Fund | -10.57% | 23.26B | Jun 2018 | OND vs XLC | |
| Vanguard Communication Services ETF | -13.56% | 6.30B | Sep 2004 | OND vs VOX | |
| Invesco S&P 500 Equal Weight Communication Service... | -14.05% | 62.46M | Nov 2018 | OND vs RSPC | |
| SPDR S&P Telecom ETF | -14.70% | 841.79M | Jan 2011 | OND vs XTL |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 10 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 53 | 41.43% | 39.74B | Feb 2010 | OND vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -29.93% | 1.42B | Oct 2021 | OND vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 53 | 29.58% | 14.59B | Jun 2006 | OND vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 49 | 17.21% | 5.36B | Jun 2009 | OND vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 50 | 12.95% | 8.02B | Jun 2006 | OND vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 29 | 6.48% | 11.27B | Oct 2013 | OND vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 82 | 84.65% | 3.28B | Jan 2007 | OND vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.31% | 1.83B | Feb 2010 | OND vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -22.07% | 265.17M | Oct 2011 | OND vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -58.07% | 340.85M | Apr 2024 | OND vs BITU |
Often Compared With OND
Investors most often compare OND with ARKW, VGT, PRGTX. These 20 comparison targets span 17 categories, based on PortfoliosLab usage data.
Compare OND with Any Fund or Stock
Compare OND with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OND with funds that move differently
ProShares On-Demand ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OND.
Explore OND Diversifiers