OND vs. IBLC
OND (ProShares On-Demand ETF) and IBLC (iShares Blockchain and Tech ETF) are both exchange-traded funds - OND is a Communications Equities fund tracking the FactSet On-Demand Index, while IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index. Both are passively managed. Over the past 3 years, OND returned 14.80%/yr vs 45.22%/yr for IBLC. A 0.63 correlation means they provide meaningful diversification when combined. OND charges 0.58%/yr vs 0.47%/yr for IBLC.
Performance
OND vs. IBLC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OND achieves a -17.08% return, which is significantly lower than IBLC's 27.22% return.
OND
- 1D
- -1.46%
- 1M
- -3.14%
- YTD
- -17.08%
- 6M
- -17.59%
- 1Y
- -14.33%
- 3Y*
- 14.80%
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- -2.19%
- 1M
- -0.02%
- YTD
- 27.22%
- 6M
- 19.07%
- 1Y
- 63.95%
- 3Y*
- 45.22%
- 5Y*
- —
- 10Y*
- —
OND vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OND ProShares On-Demand ETF | -17.08% | 26.72% | 32.00% | 27.03% | -11.20% |
IBLC iShares Blockchain and Tech ETF | 27.22% | 27.05% | 18.58% | 201.47% | -58.93% |
Correlation
The correlation between OND and IBLC is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.63 |
The correlation between OND and IBLC has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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 | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.21 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 1.43 | -1.86 |
| Martin ratioReturn relative to average drawdown | -0.76 | 2.80 | -3.56 |
Loading charts...
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.
Loading charts...
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% |
Max Drawdown (3Y)Largest decline over 3 years | -33.80% | -51.68% | +17.88% |
Current DrawdownCurrent decline from peak | -30.12% | -16.36% | -13.76% |
Average DrawdownAverage peak-to-trough decline | -30.28% | -25.76% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.95% | 22.89% | -3.94% |
Volatility
OND vs. IBLC - Volatility Comparison
The current volatility for ProShares On-Demand ETF (OND) is 6.20%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 16.66%. 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.
Loading charts...
Volatility by Period
| OND | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 16.66% | -10.46% |
Volatility (6M)Calculated over the trailing 6-month period | 15.79% | 41.64% | -25.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.85% | 55.87% | -35.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.09% | 64.51% | -37.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.09% | 64.51% | -37.42% |
OND vs. IBLC - Expense Ratio Comparison
OND has a 0.58% expense ratio, which is higher than IBLC's 0.47% expense ratio.
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 4.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 4.92% | 6.31% | 1.60% | 1.79% | 0.84% | 0.00% |
OND ProShares On-Demand ETF | 0.00% | 0.00% | 0.00% | 0.78% | 0.00% | 0.02% |
Frequently Asked Questions
OND and IBLC have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (16.66%) compared to OND (6.20%). In terms of maximum drawdown, OND dropped -59.02% vs IBLC's -62.54%.
On 3-year performance, IBLC leads with 45.22% vs 14.80% for OND. On fees, IBLC is cheaper at 0.47% per year. On volatility, OND has been the lower-risk option at 6.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBLC has performed better with a 45.22% return vs 14.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBLC is cheaper with a 0.47% expense ratio, compared with 0.58% for OND.
IBLC has the higher dividend yield at 4.92%, compared with 0.00% for OND.
OND is categorized as Communications Equities, while IBLC is Cryptocurrency. OND tracks FactSet On-Demand Index, while IBLC tracks ICE FactSet Global Blockchain Technologies Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.58% for OND and 0.47% for IBLC.
IBLC currently has the higher Sharpe Ratio (1.15 vs -0.69), 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.
Find the right allocation for OND and IBLC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer