ONLN vs. XLC
Compare and contrast key facts about ProShares Online Retail ETF (ONLN) and Communication Services Select Sector SPDR Fund (XLC).
ONLN and XLC 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. XLC is a passively managed fund by State Street that tracks the performance of the S&P Communication Services Select Sector Index. It was launched on Jun 18, 2018. Both ONLN and XLC 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 XLC.
Key characteristics
| ONLN | XLC | |
|---|---|---|
| YTD Return | 5.89% | 11.56% |
| 1Y Return | 34.06% | 43.83% |
| 3Y Return (Ann) | -21.84% | 2.80% |
| 5Y Return (Ann) | -0.38% | 10.76% |
| Sharpe Ratio | 1.14 | 2.43 |
| Daily Std Dev | 25.85% | 17.08% |
| Max Drawdown | -71.77% | -46.66% |
| Current Drawdown | -58.72% | -3.65% |
Correlation
The correlation between ONLN and XLC is 0.73, 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. XLC - Performance Comparison
In the year-to-date period, ONLN achieves a 5.89% return, which is significantly lower than XLC's 11.56% return. 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. XLC - Expense Ratio Comparison
ONLN has a 0.58% expense ratio, which is higher than XLC's 0.13% expense ratio.
Risk-Adjusted Performance
ONLN vs. XLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Online Retail ETF (ONLN) and Communication Services Select Sector SPDR Fund (XLC). 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. XLC - Dividend Comparison
ONLN's dividend yield for the trailing twelve months is around 0.12%, less than XLC's 0.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
ONLN ProShares Online Retail ETF | 0.12% | 0.00% | 0.00% | 0.00% | 1.24% | 0.00% | 0.00% |
XLC Communication Services Select Sector SPDR Fund | 0.82% | 0.82% | 1.10% | 0.74% | 0.68% | 0.82% | 0.64% |
Drawdowns
ONLN vs. XLC - Drawdown Comparison
The maximum ONLN drawdown since its inception was -71.77%, which is greater than XLC's maximum drawdown of -46.66%. Use the drawdown chart below to compare losses from any high point for ONLN and XLC. For additional features, visit the drawdowns tool.
Volatility
ONLN vs. XLC - Volatility Comparison
ProShares Online Retail ETF (ONLN) has a higher volatility of 5.56% compared to Communication Services Select Sector SPDR Fund (XLC) at 3.84%. This indicates that ONLN's price experiences larger fluctuations and is considered to be riskier than XLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.