GXPC vs. OND

Last updated Jun 24, 2026

GXPC (Global X PureCap MSCI Communication Services ETF) and OND (ProShares On-Demand ETF) are both Communications Equities funds - GXPC tracks the MSCI USA Communication Services PureCap Index while OND tracks the FactSet On-Demand Index. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. GXPC charges 0.15%/yr vs 0.58%/yr for OND.

Performance

GXPC vs. OND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Communication Services ETF (GXPC) and ProShares On-Demand ETF (OND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXPC achieves a -0.80% return, which is significantly higher than OND's -18.87% return.

GXPC

• 1D: -0.03%
• 1M: -8.61%
• YTD: -0.80%
• 6M: -0.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OND

• 1D: -2.16%
• 1M: -5.24%
• YTD: -18.87%
• 6M: -19.28%
• 1Y: -17.46%
• 3Y*: 13.96%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GXPC vs. OND - Yearly Performance Comparison

	2026 (YTD)	2025
GXPC Global X PureCap MSCI Communication Services ETF	-0.80%	19.31%
OND ProShares On-Demand ETF	-18.87%	-5.76%

Correlation

The correlation between GXPC and OND is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.51

Return for Risk

GXPC vs. OND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GXPC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

OND

OND Risk / Return Rank: 3
OND Sharpe Ratio Rank: 2
OND Sortino Ratio Rank: 3
OND Omega Ratio Rank: 3
OND Calmar Ratio Rank: 5
OND Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GXPC vs. OND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Communication Services ETF (GXPC) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GXPC	OND	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.84	—
Sortino ratio: Return per unit of downside risk	—	-1.10	—
Omega ratio: Gain probability vs. loss probability	—	0.87	—
Calmar ratio: Return relative to maximum drawdown	—	-0.52	—
Martin ratio: Return relative to average drawdown	—	-0.92	—

Drawdowns

GXPC vs. OND - Drawdown Comparison

The maximum GXPC drawdown since its inception was -16.59%, smaller than the maximum OND drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for GXPC and OND.

Drawdown Indicators

	GXPC	OND	Difference
Max Drawdown Largest peak-to-trough decline	-16.59%	-59.02%	+42.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-33.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-33.80%	—
Current Drawdown Current decline from peak	-11.25%	-31.63%	+20.38%
Average Drawdown Average peak-to-trough decline	-3.32%	-30.29%	+26.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.06%	—

Volatility

Volatility by Period

	GXPC	OND	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.44%	20.91%	-0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.44%	27.10%	-6.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.44%	27.10%	-6.66%

GXPC vs. OND - Expense Ratio Comparison

GXPC has a 0.15% expense ratio, which is lower than OND's 0.58% expense ratio.

Dividends

GXPC vs. OND - Dividend Comparison

GXPC's dividend yield for the trailing twelve months is around 0.12%, while OND has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
GXPC Global X PureCap MSCI Communication Services ETF	0.12%	0.12%	0.00%	0.00%	0.00%	0.00%
OND ProShares On-Demand ETF	0.00%	0.00%	0.00%	0.78%	0.00%	0.02%

Frequently Asked Questions

Can I hold both GXPC and OND in my portfolio?

GXPC and OND have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXPC or OND?

On fees, GXPC is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXPC or OND?

GXPC is cheaper with a 0.15% expense ratio, compared with 0.58% for OND.

Which ETF pays a higher dividend yield, GXPC or OND?

GXPC has the higher dividend yield at 0.12%, compared with 0.00% for OND.

What is the main difference between GXPC and OND?

GXPC tracks MSCI USA Communication Services PureCap Index, while OND tracks FactSet On-Demand Index. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.15% for GXPC and 0.58% for OND.