ONLN vs. SPY
Compare and contrast key facts about ProShares Online Retail ETF (ONLN) and SPDR S&P 500 ETF (SPY).
ONLN and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both ONLN and SPY 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 SPY.
Correlation
The correlation between ONLN and SPY 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. SPY - Performance Comparison
Key characteristics
ONLN:
0.36
SPY:
0.51
ONLN:
0.69
SPY:
0.86
ONLN:
1.09
SPY:
1.13
ONLN:
0.17
SPY:
0.55
ONLN:
1.26
SPY:
2.26
ONLN:
7.99%
SPY:
4.55%
ONLN:
28.26%
SPY:
20.08%
ONLN:
-71.77%
SPY:
-55.19%
ONLN:
-54.11%
SPY:
-9.89%
Returns By Period
The year-to-date returns for both stocks are quite close, with ONLN having a -5.72% return and SPY slightly lower at -5.76%.
ONLN
-5.72%
-3.84%
-2.56%
9.24%
0.41%
N/A
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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ONLN vs. SPY - Expense Ratio Comparison
ONLN has a 0.58% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ONLN vs. SPY — Risk-Adjusted Performance Rank
ONLN
SPY
ONLN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Online Retail ETF (ONLN) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
ONLN's dividend yield for the trailing twelve months is around 0.82%, less than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONLN ProShares Online Retail ETF | 0.82% | 0.75% | 0.00% | 0.00% | 0.00% | 1.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ONLN vs. SPY - Drawdown Comparison
The maximum ONLN drawdown since its inception was -71.77%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ONLN and SPY. For additional features, visit the drawdowns tool.
Volatility
ONLN vs. SPY - Volatility Comparison
ProShares Online Retail ETF (ONLN) has a higher volatility of 17.14% compared to SPDR S&P 500 ETF (SPY) at 15.12%. This indicates that ONLN's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.