ONLN vs. TMH

Last updated Jul 17, 2026

ONLN (ProShares Online Retail ETF) and TMH (Toyota Motor Corporation ADRhedged) are both Consumer Discretionary Equities funds - ONLN tracks the ProShares Online Retail Index while TMH tracks the Toyota Motor Corporation Local Shares Total Return. Both are passively managed. A 0.52 correlation means they provide meaningful diversification when combined. ONLN charges 0.58%/yr vs 0.19%/yr for TMH.

Performance

ONLN vs. TMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Online Retail ETF (ONLN) and Toyota Motor Corporation ADRhedged (TMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ONLN

• 1D: -0.29%
• 1M: 5.44%
• 6M: -7.51%
• YTD: -1.07%
• 1Y: 12.81%
• 3Y*: 19.54%
• 5Y*: -5.20%
• 10Y*: —

TMH

• 1D: 1.85%
• 1M: 2.35%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ONLN vs. TMH - Yearly Performance Comparison

	2026 (YTD)
ONLN ProShares Online Retail ETF	0.72%
TMH Toyota Motor Corporation ADRhedged	-2.25%

Correlation

The correlation between ONLN and TMH is 0.52, 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 May 28, 2026	0.52

Return for Risk

ONLN vs. TMH — Risk / Return Rank

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

ONLN

ONLN Risk / Return Rank: 19
ONLN Sharpe Ratio Rank: 19
ONLN Sortino Ratio Rank: 19
ONLN Omega Ratio Rank: 18
ONLN Calmar Ratio Rank: 19
ONLN Martin Ratio Rank: 18

TMH

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.

ONLN vs. TMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Online Retail ETF (ONLN) and Toyota Motor Corporation ADRhedged (TMH). 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	TMH	Difference
Sharpe ratio: Return per unit of total volatility	0.52	—	—
Sortino ratio: Return per unit of downside risk	0.86	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.65	—	—
Martin ratio: Return relative to average drawdown	1.45	—	—

Drawdowns

ONLN vs. TMH - Drawdown Comparison

The maximum ONLN drawdown since its inception was -71.77%, which is greater than TMH's maximum drawdown of -10.32%. Use the drawdown chart below to compare losses from any high point for ONLN and TMH.

Drawdown Indicators

	ONLN	TMH	Difference
Max Drawdown Largest peak-to-trough decline	-71.77%	-10.32%	-61.45%
Max Drawdown (1Y) Largest decline over 1 year	-19.75%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.97%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-66.97%	—	—
Current Drawdown Current decline from peak	-35.94%	-2.78%	-33.16%
Average Drawdown Average peak-to-trough decline	-35.47%	-5.90%	-29.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.87%	—	—

Volatility

Volatility by Period

	ONLN	TMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.77%	25.94%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.99%	25.94%	+7.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.01%	25.94%	+6.07%

ONLN vs. TMH - Expense Ratio Comparison

ONLN has a 0.58% expense ratio, which is higher than TMH's 0.19% expense ratio.

Dividends

ONLN vs. TMH - Dividend Comparison

ONLN's dividend yield for the trailing twelve months is around 0.29%, less than TMH's 4.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ONLN ProShares Online Retail ETF	0.29%	0.30%	0.75%	0.00%	0.00%	0.00%	1.24%
TMH Toyota Motor Corporation ADRhedged	4.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ONLN and TMH in my portfolio?

ONLN and TMH have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ONLN or TMH?

On fees, TMH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ONLN or TMH?

TMH is cheaper with a 0.19% expense ratio, compared with 0.58% for ONLN.

Which ETF pays a higher dividend yield, ONLN or TMH?

TMH has the higher dividend yield at 4.87%, compared with 0.29% for ONLN.

What is the main difference between ONLN and TMH?

ONLN tracks ProShares Online Retail Index, while TMH tracks Toyota Motor Corporation Local Shares Total Return. They also come from different issuers: ProShares and ADRhedged. Their fees differ too: 0.58% for ONLN and 0.19% for TMH.