ProShares Online Retail (ONLN) Performance
ONLN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −4.8% since Dec 31, 2025
- 1 year
- −5.7% total return
- 5 years
- −3.7% a year
- Since first price
- +4.5% a year since 2018
ONLN trailing returns vs SPY, QQQ, AGG
| Period | ONLN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.4% | +2.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.9% | +2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.3% | −6.3% | +7.8% | +8.4% | −1.5% |
| YTD | −4.8% | −5.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −5.7% | −6.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +93.3%+24.6%/yr | +90.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −17.1%−3.7%/yr | −18.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJul 16, 2018 | +43.8%+4.5%/yr | +40.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ONLN vs SPY
From Jul 16, 2018: ONLN grew to $14,378, SPY to $30,804.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ONLN returns by calendar year
5 of 7 full years positive. Best 2020 (+111.8%), worst 2022 (−50.1%). 2026 is year to date.
ONLN annual returns table
| Year | ONLN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −4.8% | −19.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +33.0% | −28.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +24.8% | −11.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +27.4% | −26.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −50.1% | −54.5% | −18.2% | −32.6% | −13.0% |
| 2021 | −25.2% | −40.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +111.8% | −29.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +19.9% | −18.2% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ONLN largest drawdowns
Now 38.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2021 | −71.8% | Nov 9, 2022 | not yet | 1.7 years | 5.7 years so far |
| Jul 17, 2018 | −31.8% | Dec 24, 2018 | Feb 20, 2020 | 5 months | 1.6 years |
| Feb 20, 2020 | −29.1% | Mar 16, 2020 | Apr 24, 2020 | 25 days | 2 months |
| Aug 26, 2020 | −11.8% | Sep 17, 2020 | Oct 12, 2020 | 22 days | 47 days |
| Nov 6, 2020 | −10.8% | Nov 10, 2020 | Nov 24, 2020 | 4 days | 18 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ONLN risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +21.1% | −3.5% | +4.7% |
| Volatility (annualized) | 24.5% | 30.5% | 30.9% |
| Sharpe ratio | 0.73 | -0.09 | 0.21 |
| Sortino ratio | 1.45 | -0.14 | 0.35 |
| Best month | +16.2% | +27.2% | +28.3% |
| Worst month | −9.2% | −17.9% | −17.9% |
| Best 12 months | +53.7% | +53.7% | +139.0% |
| Worst 12 months | −10.5% | −58.3% | −59.8% |
| Positive months | 50% | 40% | 48% |
| Beta vs S&P 500 | 1.35 | 1.37 | — |
| Correlation with S&P 500 | 0.68 | 0.70 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ONLN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 88 | −59.8% | +11.1% | +139.0% | 68% |
| 3-year (a year) | 64 | −26.6% | −0.6% | +28.7% | 47% |
| 5-year (a year) | 40 | −7.4% | −0.6% | +6.4% | 42% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
ONLN performance overview
ProShares Online Retail (ONLN) returned −5.7% over the past year and −3.7% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +4.5% a year, turning $10,000 into about $14,378. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −71.8%, from Feb 12, 2021 to Nov 9, 2022; the fund has not yet regained that high. ONLN finished 5 of its 7 full calendar years with a gain; the best year was 2020 (+111.8%) and the worst 2022 (−50.1%). Volatility has been 30.9% a year.
Related: ONLN chart, ONLN holdings, ONLN dividends, ONLN valuation. See the ONLN overview for the latest quote and fund facts.
ONLN performance FAQ
What is the ONLN return over the past year?
ONLN returned −5.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 6.0%.
What is the average annual return of ONLN?
ONLN has returned −3.7% a year over 5 years, +4.5% a year since July 16, 2018 (total return, distributions reinvested).
How much would $10,000 invested in ONLN be worth?
$10,000 invested in ONLN at its first recorded close on July 16, 2018 would be worth about $14,378 on October 23, 2026 with distributions reinvested.
What was the worst year for ONLN?
The worst calendar year was 2022, with a total return of −50.1%. The best was 2020 at +111.8%.
What is the biggest drawdown of ONLN?
The largest peak-to-trough decline was −71.8% between February 12, 2021 and November 9, 2022. It has not yet recovered to that high; it is 38.4% below its peak.
How volatile is ONLN?
Over the past 3 years ONLN had an annualized volatility of 24.5% and a Sharpe ratio of 0.73 (excess return over 1–3 month T-bills per unit of risk).