OND vs. ARKW
Compare and contrast key facts about ProShares On-Demand ETF (OND) and ARK Next Generation Internet ETF (ARKW).
OND and ARKW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ARKW is an actively managed fund by ARK. It was launched on Sep 30, 2014.
Performance
OND vs. ARKW - Performance Comparison
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OND vs. ARKW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OND ProShares On-Demand ETF | -18.86% | 26.72% | 32.00% | 27.03% | -41.93% | -14.36% |
ARKW ARK Next Generation Internet ETF | -18.36% | 38.93% | 42.27% | 96.89% | -67.49% | -22.59% |
Returns By Period
The year-to-date returns for both investments are quite close, with OND having a -18.86% return and ARKW slightly higher at -18.36%.
OND
- 1D
- 3.29%
- 1M
- -8.40%
- YTD
- -18.86%
- 6M
- -30.71%
- 1Y
- 1.35%
- 3Y*
- 15.16%
- 5Y*
- —
- 10Y*
- —
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%
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OND vs. ARKW - Expense Ratio Comparison
OND has a 0.58% expense ratio, which is lower than ARKW's 0.76% expense ratio.
Return for Risk
OND vs. ARKW — Risk / Return Rank
OND
ARKW
OND vs. ARKW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares On-Demand ETF (OND) and ARK Next Generation Internet ETF (ARKW). 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.
| OND | ARKW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.06 | 0.78 | -0.72 |
Sortino ratioReturn per unit of downside risk | 0.24 | 1.31 | -1.07 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.16 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.01 | 0.75 | -0.73 |
Martin ratioReturn relative to average drawdown | 0.04 | 1.83 | -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. | |||
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Sharpe Ratios by Period
| OND | ARKW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.78 | -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 | -0.13 | 0.53 | -0.65 |
Correlation
The correlation between OND and ARKW 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
OND vs. ARKW - Dividend Comparison
OND has not paid dividends to shareholders, while ARKW's dividend yield for the trailing twelve months is around 1.95%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
OND vs. ARKW - Drawdown Comparison
The maximum OND drawdown since its inception was -59.02%, smaller than the maximum ARKW drawdown of -80.52%. Use the drawdown chart below to compare losses from any high point for OND and ARKW.
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Drawdown Indicators
| OND | ARKW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.02% | -80.52% | +21.50% |
Max Drawdown (1Y)Largest decline over 1 year | -33.80% | -36.21% | +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 | -31.63% | -34.57% | +2.94% |
Average DrawdownAverage peak-to-trough decline | -30.39% | -23.97% | -6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.36% | 14.84% | -1.48% |
Volatility
OND vs. ARKW - Volatility Comparison
The current volatility for ProShares On-Demand ETF (OND) is 7.13%, while ARK Next Generation Internet ETF (ARKW) has a volatility of 11.71%. This indicates that OND experiences smaller price fluctuations and is considered to be less risky than ARKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OND | ARKW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 11.71% | -4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 15.54% | 25.79% | -10.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.58% | 37.84% | -15.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.37% | 43.68% | -16.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.37% | 37.55% | -10.18% |