OND vs. IBLC
Compare and contrast key facts about ProShares On-Demand ETF (OND) and iShares Blockchain and Tech ETF (IBLC).
OND and IBLC 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. IBLC is a passively managed fund by iShares that tracks the performance of the ICE FactSet Global Blockchain Technologies Index. It was launched on Apr 25, 2022. Both OND and IBLC 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. IBLC - Performance Comparison
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OND vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OND ProShares On-Demand ETF | -18.86% | 26.72% | 32.00% | 27.03% | -9.84% |
IBLC iShares Blockchain and Tech ETF | -10.68% | 27.05% | 18.58% | 201.47% | -57.76% |
Returns By Period
In the year-to-date period, OND achieves a -18.86% return, which is significantly lower than IBLC's -10.68% return.
OND
- 1D
- 3.29%
- 1M
- -8.40%
- YTD
- -18.86%
- 6M
- -30.71%
- 1Y
- 1.35%
- 3Y*
- 15.16%
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- 6.56%
- 1M
- -5.99%
- YTD
- -10.68%
- 6M
- -29.99%
- 1Y
- 57.18%
- 3Y*
- 34.97%
- 5Y*
- —
- 10Y*
- —
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OND vs. IBLC - Expense Ratio Comparison
OND has a 0.58% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Return for Risk
OND vs. IBLC — Risk / Return Rank
OND
IBLC
OND vs. IBLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares On-Demand ETF (OND) and iShares Blockchain and Tech ETF (IBLC). 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 | IBLC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.06 | 0.99 | -0.93 |
Sortino ratioReturn per unit of downside risk | 0.24 | 1.62 | -1.38 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.19 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.01 | 1.18 | -1.17 |
Martin ratioReturn relative to average drawdown | 0.04 | 2.64 | -2.60 |
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 | IBLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.99 | -0.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.23 | -0.35 |
Correlation
The correlation between OND and IBLC is 0.63, 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. IBLC - Dividend Comparison
OND has not paid dividends to shareholders, while IBLC's dividend yield for the trailing twelve months is around 7.06%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OND ProShares On-Demand ETF | 0.00% | 0.00% | 0.00% | 0.78% | 0.00% | 0.02% |
IBLC iShares Blockchain and Tech ETF | 7.06% | 6.31% | 1.60% | 1.79% | 0.84% | 0.00% |
Drawdowns
OND vs. IBLC - Drawdown Comparison
The maximum OND drawdown since its inception was -59.02%, smaller than the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for OND and IBLC.
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Drawdown Indicators
| OND | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.02% | -62.54% | +3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -33.80% | -44.94% | +11.14% |
Current DrawdownCurrent decline from peak | -31.63% | -41.28% | +9.65% |
Average DrawdownAverage peak-to-trough decline | -30.39% | -26.00% | -4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.36% | 20.15% | -6.79% |
Volatility
OND vs. IBLC - Volatility Comparison
The current volatility for ProShares On-Demand ETF (OND) is 7.13%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 18.51%. This indicates that OND experiences smaller price fluctuations and is considered to be less risky than IBLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OND | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 18.51% | -11.38% |
Volatility (6M)Calculated over the trailing 6-month period | 15.54% | 44.23% | -28.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.58% | 58.34% | -35.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.37% | 65.16% | -37.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.37% | 65.16% | -37.79% |