OND vs. GABF

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares On-Demand ETF (OND) and Gabelli Financial Services Opportunities ETF (GABF).

OND and GABF 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. GABF is an actively managed fund by Gabelli. It was launched on May 9, 2022.

Performance

OND vs. GABF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares On-Demand ETF (OND) and Gabelli Financial Services Opportunities ETF (GABF). The values are adjusted to include any dividend payments, if applicable.

OND vs. GABF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OND ProShares On-Demand ETF	-18.86%	26.72%	32.00%	27.03%	0.78%
GABF Gabelli Financial Services Opportunities ETF	-9.92%	3.60%	44.38%	38.92%	0.40%

Returns By Period

In the year-to-date period, OND achieves a -18.86% return, which is significantly lower than GABF's -9.92% return.

OND

• 1D: 3.29%
• 1M: -8.40%
• YTD: -18.86%
• 6M: -30.71%
• 1Y: 1.35%
• 3Y*: 15.16%
• 5Y*: —
• 10Y*: —

GABF

• 1D: 2.41%
• 1M: -3.92%
• YTD: -9.92%
• 6M: -12.00%
• 1Y: -3.40%
• 3Y*: 20.11%
• 5Y*: —
• 10Y*: —

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

OND vs. GABF - Expense Ratio Comparison

OND has a 0.58% expense ratio, which is higher than GABF's 0.10% expense ratio.

OND

ProShares On-Demand ETF

GABF

Gabelli Financial Services Opportunities ETF

Return for Risk

OND vs. GABF — Risk / Return Rank

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

OND

OND Risk / Return Rank: 13
OND Sharpe Ratio Rank: 13
OND Sortino Ratio Rank: 13
OND Omega Ratio Rank: 13
OND Calmar Ratio Rank: 12
OND Martin Ratio Rank: 12

GABF

GABF Risk / Return Rank: 9
GABF Sharpe Ratio Rank: 9
GABF Sortino Ratio Rank: 9
GABF Omega Ratio Rank: 9
GABF Calmar Ratio Rank: 9
GABF Martin Ratio Rank: 9

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.

OND vs. GABF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares On-Demand ETF (OND) and Gabelli Financial Services Opportunities ETF (GABF). 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	GABF	Difference
Sharpe ratio Return per unit of total volatility	0.06	-0.15	+0.21
Sortino ratio Return per unit of downside risk	0.24	-0.05	+0.29
Omega ratio Gain probability vs. loss probability	1.03	0.99	+0.04
Calmar ratio Return relative to maximum drawdown	0.01	-0.18	+0.19
Martin ratio Return relative to average drawdown	0.04	-0.47	+0.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OND vs. GABF - Sharpe Ratio Comparison

The current OND Sharpe Ratio is 0.06, which is higher than the GABF Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of OND and GABF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OND	GABF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.06	-0.15	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.86	-0.98

Correlation

The correlation between OND and GABF is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

OND vs. GABF - Dividend Comparison

OND has not paid dividends to shareholders, while GABF's dividend yield for the trailing twelve months is around 2.18%.

	TTM	2025	2024	2023	2022	2021
OND ProShares On-Demand ETF	0.00%	0.00%	0.00%	0.78%	0.00%	0.02%
GABF Gabelli Financial Services Opportunities ETF	2.18%	1.96%	4.19%	4.95%	1.31%	0.00%

Drawdowns

OND vs. GABF - Drawdown Comparison

The maximum OND drawdown since its inception was -59.02%, which is greater than GABF's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for OND and GABF.

Drawdown Indicators

	OND	GABF	Difference
Max Drawdown Largest peak-to-trough decline	-59.02%	-20.86%	-38.16%
Max Drawdown (1Y) Largest decline over 1 year	-33.80%	-17.16%	-16.64%
Current Drawdown Current decline from peak	-31.63%	-14.35%	-17.28%
Average Drawdown Average peak-to-trough decline	-30.39%	-4.63%	-25.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.36%	6.43%	+6.93%

Volatility

OND vs. GABF - Volatility Comparison

ProShares On-Demand ETF (OND) has a higher volatility of 7.13% compared to Gabelli Financial Services Opportunities ETF (GABF) at 5.73%. This indicates that OND's price experiences larger fluctuations and is considered to be riskier than GABF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OND	GABF	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.13%	5.73%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	15.54%	13.63%	+1.91%
Volatility (1Y) Calculated over the trailing 1-year period	22.58%	22.80%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.37%	20.70%	+6.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.37%	20.70%	+6.67%