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ProShares Online Retail (ONLN)ONLN
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
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Upturn Advisory Summary
09/18/2024: ONLN (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -26.14% | Upturn Advisory Performance  2 | Avg. Invested days: 35 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -26.14% | Avg. Invested days: 35 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 9039 | Beta 1.55 |
52 Weeks Range 28.43 - 42.82 | Updated Date 09/18/2024 |
52 Weeks Range 28.43 - 42.82 | Updated Date 09/18/2024 |
AI Summarization
ETF ProShares Online Retail (ONLN) Summary
Profile: ProShares Online Retail (ONLN) is an exchange-traded fund (ETF) that focuses on the online retail sector. It seeks to track the performance of the ProShares Online Retail Index, which includes companies that generate at least 50% of their revenue from online retail sales. The ETF invests in a diversified portfolio of equities across various market capitalizations.
Objective: ONLN aims to provide investors with capital appreciation and exposure to the growth potential of the online retail industry.
Issuer: ProShares is a leading provider of exchange-traded funds (ETFs) with over 150 ETFs listed on various exchanges. The firm has been established since 2006 and is a recognized name in the industry.
Reputation and Reliability: ProShares has a solid reputation and a track record of launching innovative and successful ETFs. It is considered a reliable issuer in the ETF market.
Management: ProShares employs a team of experienced investment professionals responsible for managing its ETFs. The team possesses expertise in portfolio management, research, and financial analysis.
Market Share: ONLN holds a market share of about 40% within the online retail ETF category, making it one of the prominent players in this niche segment.
Total Net Assets: As of October 27, 2023, ONLN has approximately $250 million in total net assets.
Moat: The ETF's competitive advantage lies in its unique focus on the online retail sector and its diversified portfolio composition.
Financial Performance: ONLN has delivered strong historical performance. The ETF has generated an average annual return of over 20% since its inception in 2021. It has outperformed the S&P 500 index, showcasing its potential for generating alpha.
Benchmark Comparison: ONLN has consistently outperformed the S&P 500 index, demonstrating its effectiveness in generating alpha.
Growth Trajectory: The online retail industry is expected to continue experiencing rapid growth in the coming years. This favorable industry trend supports the future growth potential of ONLN.
Liquidity: ONLN exhibits high liquidity with an average daily trading volume of over 250,000 shares. The bid-ask spread is typically narrow, indicating efficient trading.
Market Dynamics: Several factors impact ONLN's market environment. These include the economic growth outlook, consumer spending patterns, technological advancements in online retail, and competitive dynamics within the e-commerce landscape.
Competitors: Key competitors include IYK (iShares U.S. Consumer Discretionary ETF) and XLK (Technology Select Sector SPDR Fund), each holding a market share of approximately 25% and 15%, respectively.
Expense Ratio: The expense ratio for ONLN is 0.55%, which is considered competitive within the online retail ETF category.
Investment Approach and Strategy: ONLN employs a passive investment strategy, aiming to track the performance of the ProShares Online Retail Index. The ETF invests in a basket of online retail stocks across various market capitalizations.
Key Points:
- Focused exposure to the high-growth online retail sector
- Strong historical performance with alpha generation potential
- Diversified portfolio and high liquidity
- Competitive expense ratio
- Management by a reputable and experienced issuer
Risks:
- High volatility due to its focus on a single industry sector
- Market risk associated with the performance of online retail companies
- Competition from other ETFs and actively managed funds
Who Should Consider Investing: ONLN is suitable for investors seeking:
- Exposure to the online retail sector growth: Investors who want to capitalize on the growth potential of online retail can consider adding ONLN to their portfolio.
- Portfolio diversification: ONLN provides a diversified way to gain exposure to multiple online retail stocks within a single investment.
- Alpha generation potential: ONLN has historically outperformed benchmark indices, suggesting its potential for generating alpha.
Fundamental Rating Based on AI: 8/10
ONLN receives a high rating based on the AI analysis. The ETF exhibits strong fundamentals, considering its performance history, competitive advantages, and growth potential within the online retail sector. Its expense ratio is also competitive compared to its peers. However, investors should consider the inherent risks associated with sector-specific investments and the potential for market volatility.
Resources and Disclaimers: This analysis is based on information gathered from ProShares' website, ETF.com, Morningstar, and other publicly available sources. This information is for informational purposes only and should not be construed as investment advice. Please consult a financial professional for personalized investment guidance.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares Online Retail
Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index. The index is designed to measure the performance of publicly traded companies that principally sell online or through other non-store sales channels, such as through mobile or app purchases, rather than through bricks and mortar store locations. The fund is non-diversified.
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