ONLN vs. SPLG
Compare and contrast key facts about ProShares Online Retail ETF (ONLN) and SPDR Portfolio S&P 500 ETF (SPLG).
ONLN and SPLG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ONLN is a passively managed fund by ProShares that tracks the performance of the ProShares Online Retail Index. It was launched on Jul 13, 2018. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005. Both ONLN and SPLG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONLN or SPLG.
Key characteristics
| ONLN | SPLG | |
|---|---|---|
| YTD Return | 6.89% | 6.76% |
| 1Y Return | 30.71% | 24.45% |
| 3Y Return (Ann) | -21.62% | 8.33% |
| 5Y Return (Ann) | 0.10% | 13.53% |
| Sharpe Ratio | 1.16 | 2.09 |
| Daily Std Dev | 25.84% | 11.77% |
| Max Drawdown | -71.77% | -54.50% |
| Current Drawdown | -58.33% | -3.33% |
Correlation
The correlation between ONLN and SPLG is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ONLN vs. SPLG - Performance Comparison
The year-to-date returns for both stocks are quite close, with ONLN having a 6.89% return and SPLG slightly lower at 6.76%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ONLN vs. SPLG - Expense Ratio Comparison
ONLN has a 0.58% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
ONLN vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Online Retail ETF (ONLN) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
Dividends
ONLN vs. SPLG - Dividend Comparison
ONLN's dividend yield for the trailing twelve months is around 0.12%, less than SPLG's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONLN ProShares Online Retail ETF | 0.12% | 0.00% | 0.00% | 0.00% | 1.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLG SPDR Portfolio S&P 500 ETF | 1.39% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
ONLN vs. SPLG - Drawdown Comparison
The maximum ONLN drawdown since its inception was -71.77%, which is greater than SPLG's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for ONLN and SPLG. For additional features, visit the drawdowns tool.
Volatility
ONLN vs. SPLG - Volatility Comparison
ProShares Online Retail ETF (ONLN) has a higher volatility of 5.53% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.56%. This indicates that ONLN's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.