ONLN
ProShares Online Retail ETF
The ProShares Online Retail ETF tracks a global index of stocks issued by companies classified as online retailers according to standard classification systems. Stocks are weighted on a modified market-cap basis.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
91.2 M
ASSETS UNDER MGMT
58 bp
EXPENSES
Fund Basics
| Fund sponsor | ProShares |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 13, 2018 |
| Assets (mns) | $91 |
| Expense ratio | 58 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| AMAZON.COM INC | 23.0 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 9.4 % |
| EBAY INC | 9.3 % |
| FIGS, INC. CLASS A | 5.9 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 4.6 % |
| REVOLVE GROUP, INC CLASS A | 4.5 % |
| CARVANA CO. CLASS A | 4.5 % |
| BUCKLE INC/THE | 4.4 % |
| COUPANG, INC. CLASS A | 4.3 % |
| OVERSTOCK.COM INC | 4.3 % |
Constituent Breakdown
| Number of holdings | 21 |
| Herfindahl-Hirschman Index | 941 |
| Wgt avg mkt cap (mns) | $498,615 |
| Large cap (>$10bn) | 71.2% |
| Mid cap ($2-10bn) | 12.4% |
| Small cap (<$2bn) | 13.3% |
| Developed mkts. | 80.2% |
| Emerging mkts. | 19.8% |
Country Exposure
 |
UNITED STATES | 68.0 % |
 |
CHINA | 16.0 % |
 |
SOUTH KOREA | 4.3 % |
 |
ARGENTINA | 2.8 % |
 |
SINGAPORE | 1.9 % |
 |
ISRAEL | 1.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 20.4% | 46.8% | 23.7% | -14.0% | 5.4% | -- | 2.3% | Volatility | 22.2% | 23.0% | 29.5% | 36.7% | 34.7% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.42 | 50% |
| MSCI EAFE | 1.34 | 47% |
| MSCI Emg Mkts | 1.58 | 63% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $13,176 |
Technical Indicators
| Recent close | $44.71 |
| 30d moving avg. | $44.87 |
| Annualized volatility | 34.6% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ONLN |
Expenses vs. ONLN |
ALTAR Score™ vs. ONLN |
|---|---|---|---|---|
| EBIZ | Global X E-Commerce ETF | 33.9% | -8 bp | -1.3% |
| VCR | Vanguard Consumer Discretionary ETF | 25.4% | -48 bp | +1.0% |
| FDIS | Fidelity MSCI Consumer Discretionary Index ETF | 25.3% | -50 bp | +1.1% |
| IBUY | Amplify Online Retail ETF | 23.7% | +7 bp | -2.0% |
| XLY | Consumer Discretionary Select Sector SPDR Fund | 23.3% | -49 bp | +1.3% |
| RTH | VanEck Retail ETF | 22.7% | -23 bp | +2.9% |
| BUYZ | Franklin Disruptive Commerce ETF | 18.4% | -8 bp | -1.5% |
| PNQI | Invesco NASDAQ Internet ETF | 17.8% | +2 bp | -1.1% |
| ISHP | First Trust Nasdaq Retail ETF | 17.0% | +2 bp | -0.5% |
| IYC | iShares U.S. Consumer Discretionary ETF | 15.9% | -18 bp | 0.0% |
Risk and Returns: ONLN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ONLN
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
ONLN
3.4%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. ONLN's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places ONLN in the 44th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ONLNSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| ONLN (58 bp) Percentile rank | 56 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ONLN | 58.0 | 7.1 | 65.1 |
| Peer Avg. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .