ONLN vs. FSRPX

Last updated Aug 2, 2026

ONLN (ProShares Online Retail ETF) and FSRPX (Fidelity Select Retailing Portfolio) are both Consumer Discretionary Equities funds. Over the past 5 years, ONLN returned -3.67%/yr vs 2.51%/yr for FSRPX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. ONLN charges 0.58%/yr vs 0.72%/yr for FSRPX.

Performance

ONLN vs. FSRPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Online Retail ETF (ONLN) and Fidelity Select Retailing Portfolio (FSRPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONLN achieves a 0.64% return, which is significantly lower than FSRPX's 4.39% return.

ONLN

• 1D: 4.24%
• 1M: 6.50%
• 6M: 0.12%
• YTD: 0.64%
• 1Y: 12.31%
• 3Y*: 18.67%
• 5Y*: -3.67%
• 10Y*: —
• ALL TIME*: 5.36%

FSRPX

• 1D: -0.45%
• 1M: 0.80%
• 6M: 0.79%
• YTD: 4.39%
• 1Y: -3.17%
• 3Y*: 9.97%
• 5Y*: 2.51%
• 10Y*: 11.92%
• ALL TIME*: 13.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSRPX Fidelity Select Retailing Portfolio	$0.00	$0.00	$0.00
ONLN ProShares Online Retail ETF	$490.13K	$484.04K	$423.49K

ONLN vs. FSRPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ONLN ProShares Online Retail ETF	0.64%	33.03%	24.85%	27.37%	-50.07%	-25.22%	111.82%	19.93%	-24.66%
FSRPX Fidelity Select Retailing Portfolio	4.39%	-4.15%	23.28%	26.94%	-29.44%	18.25%	44.27%	26.33%	-12.92%

Correlation

The correlation between ONLN and FSRPX is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (All Time) Calculated using the full available price history since Jul 16, 2018	0.79

The correlation between ONLN and FSRPX has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.

Return for Risk

ONLN vs. FSRPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ONLN

ONLN Risk / Return Rank: 18
ONLN Sharpe Ratio Rank: 18
ONLN Sortino Ratio Rank: 18
ONLN Omega Ratio Rank: 18
ONLN Calmar Ratio Rank: 18
ONLN Martin Ratio Rank: 17

FSRPX

FSRPX Risk / Return Rank: 2
FSRPX Sharpe Ratio Rank: 2
FSRPX Sortino Ratio Rank: 3
FSRPX Omega Ratio Rank: 2
FSRPX Calmar Ratio Rank: 2
FSRPX Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ONLN vs. FSRPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Online Retail ETF (ONLN) and Fidelity Select Retailing Portfolio (FSRPX). 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.

	ONLN	FSRPX	Difference
Sharpe ratio: Return per unit of total volatility	0.33	-0.28	+0.60
Sortino ratio: Return per unit of downside risk	0.62	-0.23	+0.85
Omega ratio: Gain probability vs. loss probability	1.07	0.97	+0.11
Calmar ratio: Return relative to maximum drawdown	0.42	-0.31	+0.73
Martin ratio: Return relative to average drawdown	0.90	-0.64	+1.55

ONLN vs. FSRPX - Sharpe Ratio Comparison

The current ONLN Sharpe Ratio is 0.33, which is higher than the FSRPX Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of ONLN and FSRPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ONLN vs. FSRPX - Drawdown Comparison

The maximum ONLN drawdown since its inception was -71.77%, which is greater than FSRPX's maximum drawdown of -55.75%. Use the drawdown chart below to compare losses from any high point for ONLN and FSRPX.

Drawdown Indicators

	ONLN	FSRPX	Difference
Max Drawdown Largest peak-to-trough decline	-71.77%	-55.75%	-16.02%
Max Drawdown (1Y) Largest decline over 1 year	-19.75%	-17.79%	-1.96%
Max Drawdown (3Y) Largest decline over 3 years	-27.97%	-22.58%	-5.39%
Max Drawdown (5Y) Largest decline over 5 years	-64.49%	-39.01%	-25.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.01%	—
Current Drawdown Current decline from peak	-34.84%	-9.32%	-25.52%
Average Drawdown Average peak-to-trough decline	-35.48%	-9.09%	-26.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.13%	8.54%	+0.59%

Volatility

ONLN vs. FSRPX - Volatility Comparison

ProShares Online Retail ETF (ONLN) has a higher volatility of 7.48% compared to Fidelity Select Retailing Portfolio (FSRPX) at 4.65%. This indicates that ONLN's price experiences larger fluctuations and is considered to be riskier than FSRPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONLN	FSRPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.48%	4.65%	+2.83%
Volatility (6M) Calculated over the trailing 6-month period	19.40%	12.28%	+7.12%
Volatility (1Y) Calculated over the trailing 1-year period	25.42%	19.96%	+5.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.00%	22.81%	+10.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.01%	21.65%	+10.36%

ONLN vs. FSRPX - Expense Ratio Comparison

ONLN has a 0.58% expense ratio, which is lower than FSRPX's 0.72% expense ratio.

Dividends

ONLN vs. FSRPX - Dividend Comparison

ONLN's dividend yield for the trailing twelve months is around 0.28%, less than FSRPX's 6.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSRPX Fidelity Select Retailing Portfolio	6.57%	8.75%	12.41%	7.40%	2.90%	15.92%	6.82%	2.13%	2.17%	3.37%	0.14%	1.22%
ONLN ProShares Online Retail ETF	0.28%	0.30%	0.75%	0.00%	0.00%	0.00%	1.24%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ONLN and FSRPX in my portfolio?

ONLN and FSRPX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ONLN or FSRPX?

ONLN has higher volatility (7.48%) compared to FSRPX (4.65%). In terms of maximum drawdown, ONLN dropped -71.77% vs FSRPX's -55.75%.

Which has better risk-adjusted returns?

ONLN currently has the higher Sharpe Ratio (0.33 vs -0.28), 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.