ARKW vs. OND
Compare and contrast key facts about ARK Next Generation Internet ETF (ARKW) and ProShares On-Demand ETF (OND).
ARKW and OND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKW is an actively managed fund by ARK. It was launched on Sep 30, 2014. OND is a passively managed fund by ProShares that tracks the performance of the FactSet On-Demand Index. It was launched on Oct 26, 2021.
Performance
ARKW vs. OND - Performance Comparison
Loading graphics...
ARKW vs. OND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | -18.36% | 38.93% | 42.27% | 96.89% | -67.49% | -22.59% |
OND ProShares On-Demand ETF | -18.86% | 26.72% | 32.00% | 27.03% | -41.93% | -14.36% |
Returns By Period
The year-to-date returns for both stocks are quite close, with ARKW having a -18.36% return and OND slightly lower at -18.86%.
ARKW
- 1D
- 5.38%
- 1M
- -3.47%
- YTD
- -18.36%
- 6M
- -29.86%
- 1Y
- 29.37%
- 3Y*
- 31.70%
- 5Y*
- -3.94%
- 10Y*
- 21.33%
OND
- 1D
- 3.29%
- 1M
- -8.40%
- YTD
- -18.86%
- 6M
- -30.71%
- 1Y
- 1.35%
- 3Y*
- 15.16%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ARKW vs. OND - Expense Ratio Comparison
ARKW has a 0.76% expense ratio, which is higher than OND's 0.58% expense ratio.
Return for Risk
ARKW vs. OND — Risk / Return Rank
ARKW
OND
ARKW vs. OND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) and ProShares On-Demand ETF (OND). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ARKW | OND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 0.06 | +0.72 |
Sortino ratioReturn per unit of downside risk | 1.31 | 0.24 | +1.07 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.03 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.01 | +0.73 |
Martin ratioReturn relative to average drawdown | 1.83 | 0.04 | +1.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ARKW | OND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.06 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.13 | +0.65 |
Correlation
The correlation between ARKW and OND is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ARKW vs. OND - Dividend Comparison
ARKW's dividend yield for the trailing twelve months is around 1.95%, while OND has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | 1.95% | 1.59% | 0.00% | 0.00% | 0.00% | 0.17% | 1.29% | 0.00% | 13.05% | 2.05% | 0.00% | 2.29% |
OND ProShares On-Demand ETF | 0.00% | 0.00% | 0.00% | 0.78% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ARKW vs. OND - Drawdown Comparison
The maximum ARKW drawdown since its inception was -80.52%, which is greater than OND's maximum drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for ARKW and OND.
Loading graphics...
Drawdown Indicators
| ARKW | OND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.52% | -59.02% | -21.50% |
Max Drawdown (1Y)Largest decline over 1 year | -36.21% | -33.80% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -77.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.52% | — | — |
Current DrawdownCurrent decline from peak | -34.57% | -31.63% | -2.94% |
Average DrawdownAverage peak-to-trough decline | -23.97% | -30.39% | +6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.84% | 13.36% | +1.48% |
Volatility
ARKW vs. OND - Volatility Comparison
ARK Next Generation Internet ETF (ARKW) has a higher volatility of 11.71% compared to ProShares On-Demand ETF (OND) at 7.13%. This indicates that ARKW's price experiences larger fluctuations and is considered to be riskier than OND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ARKW | OND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.71% | 7.13% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 25.79% | 15.54% | +10.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.84% | 22.58% | +15.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.68% | 27.37% | +16.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.55% | 27.37% | +10.18% |