TMH vs. ONLN

Last updated Jun 4, 2026

TMH (Toyota Motor Corporation ADRhedged) and ONLN (ProShares Online Retail ETF) are both Consumer Discretionary Equities funds - TMH tracks the Toyota Motor Corporation Local Shares Total Return while ONLN tracks the ProShares Online Retail Index. Both are passively managed. At a correlation of -0.80, they often move in opposite directions. TMH charges 0.19%/yr vs 0.58%/yr for ONLN.

Performance

TMH vs. ONLN - Performance Comparison

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

Returns By Period

TMH

• 1D: -0.03%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ONLN

• 1D: -2.12%
• 1M: -7.61%
• YTD: -6.45%
• 6M: -7.82%
• 1Y: 12.40%
• 3Y*: 21.88%
• 5Y*: -6.10%
• 10Y*: —

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

TMH vs. ONLN - Yearly Performance Comparison

	2026 (YTD)
TMH Toyota Motor Corporation ADRhedged	-5.59%
ONLN ProShares Online Retail ETF	-5.08%

Correlation

The correlation between TMH and ONLN is -0.80, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.80

Return for Risk

TMH vs. ONLN — Risk / Return Rank

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

ONLN

ONLN Risk / Return Rank: 17
ONLN Sharpe Ratio Rank: 17
ONLN Sortino Ratio Rank: 17
ONLN Omega Ratio Rank: 17
ONLN Calmar Ratio Rank: 17
ONLN Martin Ratio Rank: 17

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.

TMH vs. ONLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Toyota Motor Corporation ADRhedged (TMH) and ProShares Online Retail ETF (ONLN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TMH	ONLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.53	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	-5.39	0.14	-5.53

Drawdowns

TMH vs. ONLN - Drawdown Comparison

The maximum TMH drawdown since its inception was -5.59%, smaller than the maximum ONLN drawdown of -71.77%. Use the drawdown chart below to compare losses from any high point for TMH and ONLN.

Drawdown Indicators

	TMH	ONLN	Difference
Max Drawdown Largest peak-to-trough decline	-5.59%	-71.77%	+66.18%
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	—	-69.19%	—
Current Drawdown Current decline from peak	-5.59%	-39.42%	+33.83%
Average Drawdown Average peak-to-trough decline	-4.22%	-35.43%	+31.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.73%	—

Volatility

Volatility by Period

	TMH	ONLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.85%	23.75%	-2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.85%	33.04%	-12.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.85%	32.10%	-11.25%

TMH vs. ONLN - Expense Ratio Comparison

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

Dividends

TMH vs. ONLN - Dividend Comparison

TMH has not paid dividends to shareholders, while ONLN's dividend yield for the trailing twelve months is around 0.35%.

Position	TTM	2025	2024	2023	2022	2021	2020
ONLN ProShares Online Retail ETF	0.35%	0.30%	0.75%	0.00%	0.00%	0.00%	1.24%
TMH Toyota Motor Corporation ADRhedged	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TMH and ONLN in my portfolio?

TMH and ONLN have a correlation of -0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TMH or ONLN?

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, TMH or ONLN?

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

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

ONLN has the higher dividend yield at 0.35%, compared with 0.00% for TMH.

What is the main difference between TMH and ONLN?

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