OND vs. PRGTX
Compare and contrast key facts about ProShares On-Demand ETF (OND) and T. Rowe Price Global Technology Fund (PRGTX).
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. PRGTX is managed by T. Rowe Price. It was launched on Sep 28, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OND or PRGTX.
Correlation
The correlation between OND and PRGTX is 0.82, 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.
Performance
OND vs. PRGTX - Performance Comparison
Key characteristics
OND:
1.79
PRGTX:
1.13
OND:
2.50
PRGTX:
1.59
OND:
1.31
PRGTX:
1.21
OND:
0.95
PRGTX:
0.49
OND:
9.51
PRGTX:
5.26
OND:
3.53%
PRGTX:
5.09%
OND:
18.77%
PRGTX:
23.77%
OND:
-98.80%
PRGTX:
-73.10%
OND:
-10.87%
PRGTX:
-39.07%
Returns By Period
In the year-to-date period, OND achieves a 11.23% return, which is significantly higher than PRGTX's 5.85% return.
OND
11.23%
8.76%
21.38%
37.78%
N/A
N/A
PRGTX
5.85%
3.86%
10.57%
29.73%
4.26%
5.24%
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OND vs. PRGTX - Expense Ratio Comparison
OND has a 0.58% expense ratio, which is lower than PRGTX's 0.95% expense ratio.
Risk-Adjusted Performance
OND vs. PRGTX — Risk-Adjusted Performance Rank
OND
PRGTX
OND vs. PRGTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares On-Demand ETF (OND) and T. Rowe Price Global Technology Fund (PRGTX). 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.
Dividends
OND vs. PRGTX - Dividend Comparison
Neither OND nor PRGTX has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
OND ProShares On-Demand ETF | 0.00% | 0.00% | 0.78% | 0.00% | 0.02% |
PRGTX T. Rowe Price Global Technology Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
OND vs. PRGTX - Drawdown Comparison
The maximum OND drawdown since its inception was -98.80%, which is greater than PRGTX's maximum drawdown of -73.10%. Use the drawdown chart below to compare losses from any high point for OND and PRGTX. For additional features, visit the drawdowns tool.
Volatility
OND vs. PRGTX - Volatility Comparison
The current volatility for ProShares On-Demand ETF (OND) is 4.98%, while T. Rowe Price Global Technology Fund (PRGTX) has a volatility of 8.33%. This indicates that OND experiences smaller price fluctuations and is considered to be less risky than PRGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.