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OND vs TBT

ProShares On-Demand ETF vs ProShares UltraShort 20+ Year Treasury

OND

ProShares On-Demand ETF

Annual cost

0.58%

Fund size

$4M

TBT

ProShares UltraShort 20+ Year Treasury

Annual cost

0.93%

Fund size

$333M

Key differences

OND is an equity ETF, while TBT is a fixed income ETF. OND charges 0.58% a year and TBT 0.93%.

  • OND is an equity fund, while TBT is a fixed income fund. They carry different risk/return profiles.
  • OND follows a index tracking strategy; TBT uses inverse.
  • OND covers global markets; TBT covers North America.
  • OND costs 0.35% less per year.
  • TBT is much larger than OND. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, OND has delivered higher annualized returns.
  • TBT has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

ONDTBT
Annual cost (TER)0.58%0.93%
Fund size (AUM)$4M$333M
Since20212008
Dividend yield0.00%2.90%
Asset classequityfixed income
Regionglobalnorth america
Strategyindex trackinginverse
CAGR 1Y-15.5%-1.1%
CAGR 3Y+15.3%+9.4%
CAGR 5YN/A+15.1%
Sharpe 3Y0.610.33
Volatility 1Y20.73%19.60%
Max drawdown-59.02%-65.09%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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