OND vs. TRUC

Last updated Jul 14, 2026

OND (ProShares On-Demand ETF) and TRUC (VanEck Communication Services TruSector ETF) are both Communications Equities funds. A 0.64 correlation means they provide meaningful diversification when combined. OND charges 0.58%/yr vs 0.14%/yr for TRUC.

Performance

OND vs. TRUC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares On-Demand ETF (OND) and VanEck Communication Services TruSector ETF (TRUC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OND

• 1D: -1.05%
• 1M: 1.82%
• 6M: -17.60%
• YTD: -16.08%
• 1Y: -17.64%
• 3Y*: 11.81%
• 5Y*: —
• 10Y*: —

TRUC

• 1D: -0.48%
• 1M: 0.52%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OND vs. TRUC - Yearly Performance Comparison

	2026 (YTD)
OND ProShares On-Demand ETF	-4.84%
TRUC VanEck Communication Services TruSector ETF	2.26%

Correlation

The correlation between OND and TRUC is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.64

Return for Risk

OND vs. TRUC — Risk / Return Rank

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

OND

OND Risk / Return Rank: 4
OND Sharpe Ratio Rank: 3
OND Sortino Ratio Rank: 3
OND Omega Ratio Rank: 3
OND Calmar Ratio Rank: 5
OND Martin Ratio Rank: 5

TRUC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OND vs. TRUC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares On-Demand ETF (OND) and VanEck Communication Services TruSector ETF (TRUC). 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	TRUC	Difference
Sharpe ratio: Return per unit of total volatility	-0.85	—	—
Sortino ratio: Return per unit of downside risk	-1.11	—	—
Omega ratio: Gain probability vs. loss probability	0.87	—	—
Calmar ratio: Return relative to maximum drawdown	-0.52	—	—
Martin ratio: Return relative to average drawdown	-0.88	—	—

Drawdowns

OND vs. TRUC - Drawdown Comparison

The maximum OND drawdown since its inception was -59.02%, which is greater than TRUC's maximum drawdown of -11.47%. Use the drawdown chart below to compare losses from any high point for OND and TRUC.

Drawdown Indicators

	OND	TRUC	Difference
Max Drawdown Largest peak-to-trough decline	-59.02%	-11.47%	-47.55%
Max Drawdown (1Y) Largest decline over 1 year	-33.80%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.80%	—	—
Current Drawdown Current decline from peak	-29.28%	-6.24%	-23.04%
Average Drawdown Average peak-to-trough decline	-30.27%	-3.55%	-26.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.18%	—	—

Volatility

Volatility by Period

	OND	TRUC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.87%	19.65%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.03%	19.65%	+7.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.03%	19.65%	+7.38%

OND vs. TRUC - Expense Ratio Comparison

OND has a 0.58% expense ratio, which is higher than TRUC's 0.14% expense ratio.

Dividends

OND vs. TRUC - Dividend Comparison

OND has not paid dividends to shareholders, while TRUC's dividend yield for the trailing twelve months is around 0.22%.

Position	TTM	2025	2024	2023	2022	2021
OND ProShares On-Demand ETF	0.00%	0.00%	0.00%	0.78%	0.00%	0.02%
TRUC VanEck Communication Services TruSector ETF	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OND and TRUC in my portfolio?

OND and TRUC have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OND or TRUC?

On fees, TRUC is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OND or TRUC?

TRUC is cheaper with a 0.14% expense ratio, compared with 0.58% for OND.

Which ETF pays a higher dividend yield, OND or TRUC?

TRUC has the higher dividend yield at 0.22%, compared with 0.00% for OND.

What is the main difference between OND and TRUC?

They also come from different issuers: ProShares and VanEck. Their fees differ too: 0.58% for OND and 0.14% for TRUC.