OND vs. FUTY
Compare and contrast key facts about ProShares On-Demand ETF (OND) and Fidelity MSCI Utilities Index ETF (FUTY).
OND and FUTY 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. FUTY is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Utilities Index. It was launched on Oct 21, 2013. Both OND and FUTY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
OND vs. FUTY - Performance Comparison
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OND vs. FUTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OND ProShares On-Demand ETF | -18.80% | 26.72% | 32.00% | 27.03% | -41.93% | -14.36% |
FUTY Fidelity MSCI Utilities Index ETF | 8.19% | 16.40% | 23.20% | -7.46% | 1.12% | 7.91% |
Returns By Period
In the year-to-date period, OND achieves a -18.80% return, which is significantly lower than FUTY's 8.19% return.
OND
- 1D
- 0.08%
- 1M
- -7.66%
- YTD
- -18.80%
- 6M
- -30.68%
- 1Y
- 0.65%
- 3Y*
- 15.19%
- 5Y*
- —
- 10Y*
- —
FUTY
- 1D
- 0.49%
- 1M
- -2.11%
- YTD
- 8.19%
- 6M
- 5.65%
- 1Y
- 19.31%
- 3Y*
- 13.99%
- 5Y*
- 10.62%
- 10Y*
- 9.67%
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OND vs. FUTY - Expense Ratio Comparison
OND has a 0.58% expense ratio, which is higher than FUTY's 0.08% expense ratio.
Return for Risk
OND vs. FUTY — Risk / Return Rank
OND
FUTY
OND vs. FUTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares On-Demand ETF (OND) and Fidelity MSCI Utilities Index ETF (FUTY). 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 | FUTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.03 | 1.25 | -1.22 |
Sortino ratioReturn per unit of downside risk | 0.20 | 1.70 | -1.50 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.23 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.04 | 2.20 | -2.16 |
Martin ratioReturn relative to average drawdown | 0.11 | 5.24 | -5.14 |
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 | FUTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 1.25 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.58 | -0.71 |
Correlation
The correlation between OND and FUTY is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
OND vs. FUTY - Dividend Comparison
OND has not paid dividends to shareholders, while FUTY's dividend yield for the trailing twelve months is around 2.49%.
| 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% |
FUTY Fidelity MSCI Utilities Index ETF | 2.49% | 2.67% | 2.96% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% |
Drawdowns
OND vs. FUTY - Drawdown Comparison
The maximum OND drawdown since its inception was -59.02%, which is greater than FUTY's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for OND and FUTY.
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Drawdown Indicators
| OND | FUTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.02% | -36.44% | -22.58% |
Max Drawdown (1Y)Largest decline over 1 year | -33.80% | -8.93% | -24.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.44% | — |
Current DrawdownCurrent decline from peak | -31.57% | -2.76% | -28.81% |
Average DrawdownAverage peak-to-trough decline | -30.39% | -6.06% | -24.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.51% | 3.75% | +9.76% |
Volatility
OND vs. FUTY - Volatility Comparison
ProShares On-Demand ETF (OND) has a higher volatility of 6.86% compared to Fidelity MSCI Utilities Index ETF (FUTY) at 5.03%. This indicates that OND's price experiences larger fluctuations and is considered to be riskier than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OND | FUTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 5.03% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.55% | 10.15% | +5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.56% | 15.52% | +7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.36% | 16.93% | +10.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.36% | 18.99% | +8.37% |