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OND vs. PRGTX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between OND and PRGTX is 0.74, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares On-Demand ETF (OND) and T. Rowe Price Global Technology Fund (PRGTX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

OND:

1.66

PRGTX:

0.40

Sortino Ratio

OND:

2.22

PRGTX:

0.64

Omega Ratio

OND:

1.29

PRGTX:

1.09

Calmar Ratio

OND:

1.05

PRGTX:

0.23

Martin Ratio

OND:

7.03

PRGTX:

1.11

Ulcer Index

OND:

5.11%

PRGTX:

8.56%

Daily Std Dev

OND:

22.37%

PRGTX:

30.77%

Max Drawdown

OND:

-98.80%

PRGTX:

-72.11%

Current Drawdown

OND:

-5.75%

PRGTX:

-24.48%

Returns By Period

In the year-to-date period, OND achieves a 17.62% return, which is significantly higher than PRGTX's -0.29% return.


OND

YTD

17.62%

1M

9.04%

6M

9.85%

1Y

36.76%

3Y*

21.24%

5Y*

N/A

10Y*

N/A

PRGTX

YTD

-0.29%

1M

10.34%

6M

-0.48%

1Y

12.19%

3Y*

20.11%

5Y*

8.78%

10Y*

13.72%

*Annualized

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ProShares On-Demand ETF

OND vs. PRGTX - Expense Ratio Comparison

OND has a 0.58% expense ratio, which is lower than PRGTX's 0.95% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

OND vs. PRGTX — Risk-Adjusted Performance Rank

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

OND
The Risk-Adjusted Performance Rank of OND is 8888
Overall Rank
The Sharpe Ratio Rank of OND is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of OND is 9090
Sortino Ratio Rank
The Omega Ratio Rank of OND is 8888
Omega Ratio Rank
The Calmar Ratio Rank of OND is 8181
Calmar Ratio Rank
The Martin Ratio Rank of OND is 8888
Martin Ratio Rank

PRGTX
The Risk-Adjusted Performance Rank of PRGTX is 2828
Overall Rank
The Sharpe Ratio Rank of PRGTX is 2727
Sharpe Ratio Rank
The Sortino Ratio Rank of PRGTX is 3030
Sortino Ratio Rank
The Omega Ratio Rank of PRGTX is 2929
Omega Ratio Rank
The Calmar Ratio Rank of PRGTX is 2525
Calmar Ratio Rank
The Martin Ratio Rank of PRGTX is 2929
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current OND Sharpe Ratio is 1.66, which is higher than the PRGTX Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of OND and PRGTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

OND vs. PRGTX - Dividend Comparison

Neither OND nor PRGTX has paid dividends to shareholders.


TTM20242023202220212020201920182017201620152014
OND
ProShares On-Demand ETF
0.00%0.00%0.78%0.00%0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PRGTX
T. Rowe Price Global Technology Fund
0.00%0.00%0.00%3.28%27.71%5.05%0.07%24.67%15.81%9.46%10.03%26.70%

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 -72.11%. Use the drawdown chart below to compare losses from any high point for OND and PRGTX.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

OND vs. PRGTX - Volatility Comparison

The current volatility for ProShares On-Demand ETF (OND) is 5.27%, while T. Rowe Price Global Technology Fund (PRGTX) has a volatility of 6.65%. 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.


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