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 -17.64% vs 6.84% for TKO. At a 0.28 correlation, their price movements are largely independent.
Performance
OND vs. TKO - Performance Comparison
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Returns By Period
In the year-to-date period, OND achieves a -16.08% return, which is significantly lower than TKO's -12.73% return.
OND
- 1D
- -1.05%
- 1M
- 1.82%
- 6M
- -17.60%
- YTD
- -16.08%
- 1Y
- -17.64%
- 3Y*
- 11.81%
- 5Y*
- —
- 10Y*
- —
TKO
- 1D
- -1.87%
- 1M
- -10.67%
- 6M
- -8.38%
- YTD
- -12.73%
- 1Y
- 6.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OND vs. TKO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OND ProShares On-Demand ETF | -16.08% | 26.72% | 32.00% | 8.87% |
TKO TKO Group Holdings Inc. | -12.73% | 48.92% | 74.20% | -16.96% |
Correlation
The correlation between OND and TKO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023 | 0.28 |
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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 | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.07 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 0.36 | -0.89 |
| Martin ratioReturn relative to average drawdown | -0.88 | 0.75 | -1.62 |
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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.
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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% | -18.92% | -14.88% |
Max Drawdown (3Y)Largest decline over 3 years | -33.80% | — | — |
Current DrawdownCurrent decline from peak | -29.28% | -18.92% | -10.36% |
Average DrawdownAverage peak-to-trough decline | -30.27% | -8.79% | -21.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.18% | 9.18% | +11.00% |
Volatility
OND vs. TKO - Volatility Comparison
The current volatility for ProShares On-Demand ETF (OND) is 6.24%, while TKO Group Holdings Inc. (TKO) has a volatility of 12.32%. 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.
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Volatility by Period
| OND | TKO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.24% | 12.32% | -6.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.33% | 25.23% | -8.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.87% | 33.11% | -12.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.03% | 33.30% | -6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.03% | 33.30% | -6.27% |
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 1.72%.
| 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. | 1.72% | 1.10% | 0.00% | 4.73% | 0.00% | 0.00% |
Frequently Asked Questions
OND and TKO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TKO has higher volatility (12.32%) compared to OND (6.24%). In terms of maximum drawdown, OND dropped -59.02% vs TKO's -28.35%.
TKO currently has the higher Sharpe Ratio (0.21 vs -0.85), 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.
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