OND ETF — ProShares On-Demand ETF

ProShares On-Demand ETF (OND)

Updated October 12, 2026.

OND is an ETF. its expense ratio is 0.58%. Total return is -16.1% over the past 5 years, 98.6 points behind SPY at 82.5%.

ProShares On-Demand ETF tracks an index of companies providing on-demand access to lifestyle services including digital media, e-gaming, fitness, food delivery, ridesharing, and virtual reality experiences, with at least 80% of assets invested in index components or economically similar instruments. The fund does not currently distribute income to shareholders and carries an expense ratio of 0.58%. It may appeal to growth-oriented investors seeking exposure to the on-demand services sector, though its small asset base and non-diversified structure present considerations for prospective investors.

OND performance versus SPY

Price and return data through 2026-10-12.

Total return is -16.1% over the past 5 years, 98.6 points behind SPY at 82.5%. Over the past year its total return — price change plus distributions reinvested — is -28.1%. Its deepest 1-year drawdown was 31.3%.

OND key facts

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Inception date

10/26/2021

Expense ratio

0.58%

Distribution frequency

None

Last close

$33.32 (stale; as of 2026-10-12)

AUM

$2,490,680

Average volume

277.0

Ex-dividend date

12/20/2023

Payment date

12/28/2023

Beta

1.19

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: ProShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

OND risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 31.3%.

Who may consider OND — and who may not

It is a weaker fit for investors who need monthly cash flow (OND does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on OND

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Frequently asked questions

More securities from ProShares.