Online Retail ETF - ONLN Online Retail ETF

ProShares Online Retail ETF seeks investment results, before fees and expenses, that track the performance of the ProShares Online Retail Index.

ProShares Online Retail ETF (ONLN) lets investors tap into the potential growth of online retail by pinpointing retailers that principally sell online or through other non-store channels, and then zeroing in on the companies reshaping the retail space, like Amazon and Alibaba.

  • Online retail is soaring: Online retail has fundamentally disrupted the sector, putting pressure on traditional stores and the changing retail landscape.
  • It may only be the beginning: Barely half of the world’s population is currently online. But mobile devices are proliferating—especially in developing markets—and potentially creating new e-commerce consumers.
  • Not all online retailers are created equal: Iconic companies in online retail—like Amazon and Alibaba—are reshaping the retail world. ONLN’s modified market-cap weighting puts emphasis on these leaders, while also providing industry diversification.
  • Learn More about ProShares Retail Disruption ETFs.
  • Read: Explore ONLN’s Diverse E-Commerce Holdings

Index/Benchmark Summary

The ProShares Online Retail Index tracks retailers that principally sell online or through other non-store channels. The index uses a modified market-capitalization weighted approach, is rebalanced monthly and is reconstituted annually.

Retailers may include U.S. and non-U.S. companies. To be eligible, retailers must: be classified as an online retailer, an e-commerce retailer, or an internet or direct marketing retailer, according to standard industry classification systems; have a market capitalization of at least $500 million; have a six-month daily average value traded of at least $1 million; and meet other requirements. When the index is rebalanced, it is weighted so that no company may exceed 24% of the value of the index, the sum of companies individually weighing more than 4.5% may not exceed 50% of the value of the index, and the total weight of all non-U.S. companies will be capped at 25% of the value of the index.

Fundamentals as of 9/30/19

Total Number of Companies 24
Price/Earnings Ratio 44.64
Price/Book Ratio 4.73
Average Index Market Capitalization $62.14 billion

Index Holdings Information as of 9/30/19

Index Companies Weight Inc. 24.01%
Alibaba Group Holding Ltd.-Sponsored ADR 12.04%
Stitch Fix Inc.-Class A 4.71%
Etsy Inc. 4.71%
Shutterstock Inc. 4.65% Inc. 4.62%
Grubhub Inc. 4.57%
eBay Inc. 4.56%
Qurate Retail Inc.-Series A 4.50%
Groupon Inc. 4.36%
Wayfair Inc.-Class A 4.34%
Chewy Inc.-Class A 4.17%
Quotient Technology Inc. 3.54% Inc.-Class A 2.72%
Pinduoduo Inc.-ADR 2.38%
MercadoLibre Inc. 2.38%
Vipshop Holdings Ltd.-ADR 2.30% Inc.-ADR 2.24%
Baozun Inc.-Sponsored ADR 1.01%
Farfetch Ltd.-Class A 0.99%
Yunji Inc.-ADR 0.37%
UXIN Ltd.-ADR 0.30%
Jumia Technologies AG-ADR 0.28%
Fiverr International Ltd. 0.26%

Index Holdings as of 9/30/19

Index Country Weightings § Weight
United States 75.46%
China 20.64%
Argentina 2.38%
United Kingdom 0.99%
Germany 0.28%
Israel 0.26%

§ Sum of weightings may not equal 100% due to rounding; weightings may fluctuate between monthly rebalances.