OND vs. AIVI

Last updated Aug 2, 2026

OND (ProShares On-Demand ETF) and AIVI (WisdomTree International Al Enhanced Value Fund) are both exchange-traded funds - OND is a Communications Equities fund tracking the FactSet On-Demand Index, while AIVI is a Foreign Large Cap Equities fund actively managed by WisdomTree. OND is passively managed, while AIVI is actively managed. Over the past 3 years, OND returned 11.90%/yr vs 19.53%/yr for AIVI. Their 0.56 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.58% expense ratio.

Performance

OND vs. AIVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares On-Demand ETF (OND) and WisdomTree International Al Enhanced Value Fund (AIVI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OND achieves a -15.89% return, which is significantly lower than AIVI's 16.55% return.

OND

• 1D: -1.16%
• 1M: -1.00%
• 6M: -11.55%
• YTD: -15.89%
• 1Y: -17.52%
• 3Y*: 11.90%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -2.61%

AIVI

• 1D: -0.33%
• 1M: 3.48%
• 6M: 11.00%
• YTD: 16.55%
• 1Y: 29.56%
• 3Y*: 19.53%
• 5Y*: 11.79%
• 10Y*: 9.23%
• ALL TIME*: 5.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIVI WisdomTree International Al Enhanced Value Fund	$82.45K	$67.39K	$80.93K
OND ProShares On-Demand ETF	$3.36K	$4.57K	$11.88K

OND vs. AIVI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OND ProShares On-Demand ETF	-15.89%	26.72%	32.00%	27.03%	-41.93%	-15.04%
AIVI WisdomTree International Al Enhanced Value Fund	16.55%	38.68%	2.07%	18.11%	-9.78%	1.41%

Correlation

The correlation between OND and AIVI is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (3Y) Balances recent behavior with more history.	0.51
Correlation (All Time) Calculated using the full available price history since Oct 27, 2021	0.56

The correlation between OND and AIVI shifts across timeframes, from 0.41 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

OND vs. AIVI - Sectors Allocation Comparison

Sectors	OND	AIVI
Communication Services	52.9%	2.6%
Technology	28.9%	3.5%
Consumer Cyclical	14.6%	5.5%
Industrials	3.6%	14.3%
Real Estate	2.6%	3.2%
Basic Materials	-	7.1%
Consumer Defensive	-	8.4%
Energy	-	5.5%
Financial Services	-	38.9%
Healthcare	-	6.2%
Utilities	-	4.8%

Return for Risk

OND vs. AIVI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OND

OND Risk / Return Rank: 4
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

AIVI

AIVI Risk / Return Rank: 84
AIVI Sharpe Ratio Rank: 90
AIVI Sortino Ratio Rank: 89
AIVI Omega Ratio Rank: 88
AIVI Calmar Ratio Rank: 77
AIVI Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OND vs. AIVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares On-Demand ETF (OND) and WisdomTree International Al Enhanced Value Fund (AIVI). 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.

	OND	AIVI	Difference
Sharpe ratio: Return per unit of total volatility	-0.88	2.22	-3.10
Sortino ratio: Return per unit of downside risk	-1.16	3.06	-4.22
Omega ratio: Gain probability vs. loss probability	0.87	1.40	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.55	2.72	-3.27
Martin ratio: Return relative to average drawdown	-0.86	9.59	-10.45

OND vs. AIVI - Sharpe Ratio Comparison

The current OND Sharpe Ratio is -0.88, which is lower than the AIVI Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of OND and AIVI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OND vs. AIVI - Drawdown Comparison

The maximum OND drawdown since its inception was -59.02%, smaller than the maximum AIVI drawdown of -65.98%. Use the drawdown chart below to compare losses from any high point for OND and AIVI.

Drawdown Indicators

	OND	AIVI	Difference
Max Drawdown Largest peak-to-trough decline	-59.02%	-65.98%	+6.96%
Max Drawdown (1Y) Largest decline over 1 year	-33.80%	-10.92%	-22.88%
Max Drawdown (3Y) Largest decline over 3 years	-33.80%	-11.71%	-22.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.05%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.42%	—
Current Drawdown Current decline from peak	-29.12%	-0.33%	-28.79%
Average Drawdown Average peak-to-trough decline	-30.27%	-15.42%	-14.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.38%	3.10%	+18.28%

Volatility

OND vs. AIVI - Volatility Comparison

ProShares On-Demand ETF (OND) has a higher volatility of 5.56% compared to WisdomTree International Al Enhanced Value Fund (AIVI) at 3.77%. This indicates that OND's price experiences larger fluctuations and is considered to be riskier than AIVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OND	AIVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	3.77%	+1.79%
Volatility (6M) Calculated over the trailing 6-month period	16.70%	11.49%	+5.21%
Volatility (1Y) Calculated over the trailing 1-year period	21.12%	13.40%	+7.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.97%	15.17%	+11.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.97%	16.08%	+10.89%

OND vs. AIVI - Expense Ratio Comparison

Both OND and AIVI have an expense ratio of 0.58%.

Dividends

OND vs. AIVI - Dividend Comparison

OND has not paid dividends to shareholders, while AIVI's dividend yield for the trailing twelve months is around 4.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVI WisdomTree International Al Enhanced Value Fund	4.99%	4.70%	4.94%	5.05%	4.32%	5.53%	3.50%	4.31%	4.21%	3.65%	3.98%	4.23%
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%

Frequently Asked Questions

Can I hold both OND and AIVI in my portfolio?

OND and AIVI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OND or AIVI?

OND has higher volatility (5.56%) compared to AIVI (3.77%). In terms of maximum drawdown, OND dropped -59.02% vs AIVI's -65.98%.

Which ETF is better, OND or AIVI?

On 3-year performance, AIVI leads with 19.53% vs 11.90% for OND. Both ETFs have the same 0.58% expense ratio. On volatility, AIVI has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OND or AIVI?

Over the 3-year period, AIVI has performed better with a 19.53% return vs 11.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OND or AIVI?

OND and AIVI have the same expense ratio: 0.58% per year.

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

AIVI has the higher dividend yield at 4.99%, compared with 0.00% for OND.

What is the main difference between OND and AIVI?

OND is categorized as Communications Equities, while AIVI is Foreign Large Cap Equities. They also come from different issuers: ProShares and WisdomTree.

Which has better risk-adjusted returns?

AIVI currently has the higher Sharpe Ratio (2.22 vs -0.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.