OND vs VOO
Proshares On Demand ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | OND | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.03% | |
| AUM | $3M | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 29 | 509 | |
| YTD Return | -12.67% | +13.79% | |
| 1Y Return | -16.61% | +23.01% | |
| 3Y Return (annualized) | +16.97% | +21.78% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 24.7% | 14.1% | |
| Max Drawdown | -59.0% | -34.3% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 26, 2021 | Sep 7, 2010 |
OND vs VOO Performance
Proshares On Demand ETF (OND) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year OND returned -16.61% while VOO returned +23.01%. Year to date, OND is down 12.67% versus a gain of 13.79% for VOO.
Over three years, OND compounded at +16.97% per year against +21.78% for VOO. Across the full 5-year window we track, VOO has the edge at +13.57% annualized vs -1.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OND has been the more volatile fund, with annualized monthly volatility of 24.7% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -59.0% for OND and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OND charges 0.58% per year while VOO charges 0.03%. On a $10,000 position that is $58 vs $3 annually, a gap of $55 per year that compounds over a long holding period. On income, OND currently yields 0.00% against 1.09% for VOO.
Holdings Overlap
OND and VOO share 6 holdings out of 527 unique holdings combined, representing a 5.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, OND or VOO?
OND has an expense ratio of 0.58% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, OND or VOO?
Over the past year OND returned -16.61% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), OND annualized -1.41% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, OND or VOO?
OND has been the more volatile fund at 24.7% annualized versus 14.1% for VOO. Worst drawdown: OND -59.0% vs VOO -34.3%.
Should I hold both OND and VOO?
OND and VOO have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OND and VOO?
OND and VOO share 6 common holdings with a 5.1% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, OND or VOO?
OND yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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