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ONLN vs. RXI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ONLN vs. RXI

Last updated Jun 24, 2026

ONLN (ProShares Online Retail ETF) and RXI (iShares Global Consumer Discretionary ETF) are both Consumer Discretionary Equities funds - ONLN tracks the ProShares Online Retail Index while RXI tracks the S&P Global Consumer Discretionary Index. Both are passively managed. Over the past 5 years, ONLN returned -7.66%/yr vs 3.41%/yr for RXI. A 0.78 correlation means they provide meaningful diversification when combined. ONLN charges 0.58%/yr vs 0.46%/yr for RXI.

Performance

ONLN vs. RXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Online Retail ETF (ONLN) and iShares Global Consumer Discretionary ETF (RXI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ONLN achieves a -8.58% return, which is significantly lower than RXI's -6.75% return.

ONLN

1D
0.99%
1M
-5.60%
YTD
-8.58%
6M
-9.03%
1Y
10.27%
3Y*
19.82%
5Y*
-7.66%
10Y*
—

RXI

1D
-1.12%
1M
-3.55%
YTD
-6.75%
6M
-8.04%
1Y
4.29%
3Y*
9.09%
5Y*
3.41%
10Y*
9.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ONLN vs. RXI - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
ONLN
ProShares Online Retail ETF		-8.58%33.03%24.85%27.37%-50.07%-25.22%111.82%19.93%-24.66%
RXI
iShares Global Consumer Discretionary ETF		-6.75%13.16%17.26%27.57%-29.08%16.32%24.46%26.78%-13.47%

Correlation

The correlation between ONLN and RXI is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Jul 16, 2018

0.78

The correlation between ONLN and RXI has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.

ONLN vs. RXI - Sectors Allocation Comparison

Sectors
ONLN
RXI

Consumer Cyclical

95.1%
95.0%

Technology

3.3%
3.9%

Consumer Defensive

1.6%
0.8%

Basic Materials

-

-

Communication Services

-

0.1%

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

0.2%

Real Estate

-

-

Utilities

-

-

Consumer Cyclical

ONLN
95.1%
RXI
95.0%

Technology

ONLN
3.3%
RXI
3.9%

Consumer Defensive

ONLN
1.6%
RXI
0.8%

Basic Materials

ONLN

-

RXI

-

Communication Services

ONLN

-

RXI
0.1%

Energy

ONLN

-

RXI

-

Financial Services

ONLN

-

RXI

-

Healthcare

ONLN

-

RXI

-

Industrials

ONLN

-

RXI
0.2%

Real Estate

ONLN

-

RXI

-

Utilities

ONLN

-

RXI

-

Compare stocks, funds, or ETFs

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ProShares Online Retail ETF

iShares Global Consumer Discretionary ETF

Often compared with ONLN:
ONLN vs. EBIZONLN vs. IYCONLN vs. FSRPXONLN vs. CHIQONLN vs. SHOP.TOONLN vs. SPYONLN vs. RTH
Often compared with RXI:
RXI vs. KXIRXI vs. VCRRXI vs. XLPRXI vs. IEDIRXI vs. IBUYRXI vs. FDISRXI vs. VT

Return for Risk

ONLN vs. RXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ONLN
ONLN Risk / Return Rank: 1515
Overall Rank
ONLN Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
ONLN Sortino Ratio Rank: 1515
Sortino Ratio Rank
ONLN Omega Ratio Rank: 1414
Omega Ratio Rank
ONLN Calmar Ratio Rank: 1515
Calmar Ratio Rank
ONLN Martin Ratio Rank: 1515
Martin Ratio Rank
RXI
RXI Risk / Return Rank: 1212
Overall Rank
RXI Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
RXI Sortino Ratio Rank: 1212
Sortino Ratio Rank
RXI Omega Ratio Rank: 1111
Omega Ratio Rank
RXI Calmar Ratio Rank: 1212
Calmar Ratio Rank
RXI Martin Ratio Rank: 1212
Martin Ratio Rank
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.

ONLN vs. RXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Online Retail ETF (ONLN) and iShares Global Consumer Discretionary ETF (RXI). 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.

ONLNRXIDifference
Sharpe ratioReturn per unit of total volatility
0.42
0.26

+0.16

Sortino ratioReturn per unit of downside risk
0.74
0.49

+0.25

Omega ratioGain probability vs. loss probability

1.09

1.06

+0.03

Calmar ratioReturn relative to maximum drawdown

0.52

0.28

+0.24

Martin ratioReturn relative to average drawdown

1.23

0.81

+0.43

ONLN vs. RXI - Sharpe Ratio Comparison

The current ONLN Sharpe Ratio is 0.42, which is higher than the RXI Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of ONLN and RXI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ONLN vs. RXI - Drawdown Comparison

The maximum ONLN drawdown since its inception was -71.77%, which is greater than RXI's maximum drawdown of -60.36%. Use the drawdown chart below to compare losses from any high point for ONLN and RXI.

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Drawdown Indicators

ONLNRXIDifference

Max Drawdown

Largest peak-to-trough decline

-71.77%

-60.36%

-11.41%

Max Drawdown (1Y)

Largest decline over 1 year

-19.75%

-15.17%

-4.58%

Max Drawdown (3Y)

Largest decline over 3 years

-27.97%

-19.64%

-8.33%

Max Drawdown (5Y)

Largest decline over 5 years

-69.19%

-35.78%

-33.41%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.78%

—

Current Drawdown

Current decline from peak

-40.80%

-10.37%

-30.43%

Average Drawdown

Average peak-to-trough decline

-35.45%

-10.53%

-24.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.35%

5.34%

+3.01%

Volatility

ONLN vs. RXI - Volatility Comparison

ProShares Online Retail ETF (ONLN) has a higher volatility of 7.48% compared to iShares Global Consumer Discretionary ETF (RXI) at 5.67%. This indicates that ONLN's price experiences larger fluctuations and is considered to be riskier than RXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ONLNRXIDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.48%

5.67%

+1.81%

Volatility (6M)

Calculated over the trailing 6-month period

18.30%

13.08%

+5.22%

Volatility (1Y)

Calculated over the trailing 1-year period

24.36%

16.71%

+7.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.15%

21.02%

+12.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.08%

20.09%

+11.99%

ONLN vs. RXI - Expense Ratio Comparison

ONLN has a 0.58% expense ratio, which is higher than RXI's 0.46% expense ratio.

Dividends

ONLN vs. RXI - Dividend Comparison

ONLN's dividend yield for the trailing twelve months is around 0.36%, less than RXI's 1.49% yield.

PositionTTM20252024202320222021202020192018201720162015
ONLN
ProShares Online Retail ETF		0.36%0.30%0.75%0.00%0.00%0.00%1.24%0.00%0.00%0.00%0.00%0.00%
RXI
iShares Global Consumer Discretionary ETF		1.49%1.55%1.07%1.00%1.00%0.89%0.65%1.48%1.73%1.26%1.77%1.17%

Frequently Asked Questions

ONLN and RXI have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ONLN has higher volatility (7.48%) compared to RXI (5.67%). In terms of maximum drawdown, ONLN dropped -71.77% vs RXI's -60.36%.

On 5-year performance, RXI leads with 3.41% vs -7.66% for ONLN. On fees, RXI is cheaper at 0.46% per year. On volatility, RXI has been the lower-risk option at 5.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, RXI has performed better with a 3.41% return vs -7.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

RXI is cheaper with a 0.46% expense ratio, compared with 0.58% for ONLN.

RXI has the higher dividend yield at 1.49%, compared with 0.36% for ONLN.

ONLN tracks ProShares Online Retail Index, while RXI tracks S&P Global Consumer Discretionary Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.58% for ONLN and 0.46% for RXI.

ONLN currently has the higher Sharpe Ratio (0.42 vs 0.26), 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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