OND vs. TKO
OND (ProShares On-Demand ETF) is Communications Equities fund tracking the FactSet On-Demand Index, while TKO (TKO Group Holdings Inc.) is a stock. Over the past year, OND returned -17.46% vs 17.27% for TKO. At a 0.28 correlation, their price movements are largely independent.
Performance
OND vs. TKO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OND achieves a -18.87% return, which is significantly lower than TKO's -2.24% return.
OND
- 1D
- -2.16%
- 1M
- -5.24%
- YTD
- -18.87%
- 6M
- -19.28%
- 1Y
- -17.46%
- 3Y*
- 13.96%
- 5Y*
- —
- 10Y*
- —
TKO
- 1D
- 2.76%
- 1M
- 6.26%
- YTD
- -2.24%
- 6M
- -5.28%
- 1Y
- 17.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OND vs. TKO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OND ProShares On-Demand ETF | -18.87% | 26.72% | 32.00% | 8.87% |
TKO TKO Group Holdings Inc. | -2.24% | 48.92% | 74.20% | -16.96% |
Correlation
The correlation between OND and TKO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023 | 0.28 |
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. TKO — Risk / Return Rank
OND
TKO
OND vs. TKO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares On-Demand ETF (OND) and TKO Group Holdings Inc. (TKO). 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 | TKO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.12 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 0.95 | -1.47 |
| Martin ratioReturn relative to average drawdown | -0.92 | 1.93 | -2.84 |
Loading charts...
Drawdowns
OND vs. TKO - Drawdown Comparison
The maximum OND drawdown since its inception was -59.02%, which is greater than TKO's maximum drawdown of -28.35%. Use the drawdown chart below to compare losses from any high point for OND and TKO.
Loading charts...
Drawdown Indicators
| OND | TKO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.02% | -28.35% | -30.67% |
Max Drawdown (1Y)Largest decline over 1 year | -33.80% | -18.28% | -15.52% |
Max Drawdown (3Y)Largest decline over 3 years | -33.80% | — | — |
Current DrawdownCurrent decline from peak | -31.63% | -9.18% | -22.45% |
Average DrawdownAverage peak-to-trough decline | -30.29% | -8.74% | -21.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.06% | 8.98% | +10.08% |
Volatility
OND vs. TKO - Volatility Comparison
The current volatility for ProShares On-Demand ETF (OND) is 6.52%, while TKO Group Holdings Inc. (TKO) has a volatility of 11.67%. This indicates that OND experiences smaller price fluctuations and is considered to be less risky than TKO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| OND | TKO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 11.67% | -5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 23.58% | -7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.91% | 31.97% | -11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.10% | 33.08% | -5.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.10% | 33.08% | -5.98% |
Dividends
OND vs. TKO - Dividend Comparison
OND has not paid dividends to shareholders, while TKO's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
OND ProShares On-Demand ETF | 0.00% | 0.00% | 0.00% | 0.78% | 0.00% | 0.02% |
TKO TKO Group Holdings Inc. | 1.53% | 1.10% | 0.00% | 4.73% | 0.00% | 0.00% |
Frequently Asked Questions
OND and TKO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TKO has higher volatility (11.67%) compared to OND (6.52%). In terms of maximum drawdown, OND dropped -59.02% vs TKO's -28.35%.
TKO currently has the higher Sharpe Ratio (0.54 vs -0.84), 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 TKO
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