Global X - Adaptive U.S. Risk Management ETF
$41.05−0.38 (−0.92%)
- Expense ratio
- 0.39%
- Fund size
- $143M
- 1Y return
- +13.1%
- Yield · Last 12 months
- 1.19%
- Holdings
- 503
- Volume · 30D
- 0M sh
- NAV per share
- $41.41
- 52W range
The ETF.net ONOF Grade
Score 65 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 74Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 59Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 54Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 72Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 56Category rank
Our read on ONOF
BThe ticker says it out loud: ONOF is an on/off switch. Four technical indicators decide whether it owns a broad basket of U.S. stocks or sits in short-term Treasuries. Rules, not hunches.
ONOF seeks to track the Adaptive Wealth Strategies U.S. Risk Management Index before fees and expenses. Its four technical indicators shift the Fund between U.S. equities and defensive short-term Treasuries.
Why people hold it
- 0.39% a year for a systematic tactical strategy, a fraction of what the typical fund in its tactical-allocation group charges.globalxetfs.com
- The switch is mechanical. Four technical indicators on the underlying index move it between stocks and Treasuries, so the rulebook is public before you own it.assets.globalxetfs.com
- The defensive leg is boring on purpose: short-term U.S. Treasuries, not options overlays or shorting.globalxetfs.com
- Risk-on means roughly 500 U.S. stocks, so the equity exposure is broad-market rather than a concentrated stock-picking bet.globalxetfs.com
Worth knowing
- Trend rules can whipsaw. In choppy markets the signals may step out after a drop and step back in after a bounce, and the fund's path can diverge sharply from the S&P 500.globalxetfs.com
- It trades lightly compared with big index funds, so bid-ask spreads tend to be wider.
- Launched in 2021, so its live record covers a short stretch of market history rather than multiple full cycles.
ONOF Holdings
- Stocks
- 503
- 38%
- NVDA
Sectors
- Technology38.5%
- Financials11.7%
- Communication9.6%
- Health Care9.5%
- Consumer Discr.9.4%
- Industrials8.0%
- Cons. Staples4.3%
- Energy3.6%
- Utilities2.0%
- Materials1.8%
- Real Estate1.6%
Geography
- United States97.32%
- Ireland1.18%
- United Kingdom0.46%
- Switzerland0.30%
- Singapore0.28%
- Uruguay0.13%
- Netherlands0.12%
- Bermuda0.09%
- 0.12%
ONOF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ONOF |
|---|---|
| Year to date | +10.6% |
| 1 month | +1.3% |
| 3 months | +4.3% |
| 1 year | +13.1% |
| 3 years | +14.3% |
| 5 years | +8.9% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ONOF |
|---|---|---|
| 2026 YTD | +10.6% | |
| 2025 | +8.9% | |
| 2024 | +19.4% | |
| 2023 | +11.5% | |
| 2022 | −11.9% | |
| 2021 | +25.2% |
ONOF in the news
ETF.net Research hasn’t filed on ONOF yet — coverage lands here as it’s written.
ONOF Dividends
- 1.19%
- $0.49
- $0.16 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 29, 2026 | Jul 2, 2026 | $0.16 |
| Dec 30, 2025 | Jan 7, 2026 | $0.33 |
| Jun 27, 2025 | Jul 7, 2025 | $0.19 |
| Dec 30, 2024 | Jan 7, 2025 | $0.21 |
| Jun 27, 2024 | Jul 5, 2024 | $0.12 |
| Dec 28, 2023 | Jan 8, 2024 | $0.22 |
| Jun 29, 2023 | Jul 10, 2023 | $0.18 |
| Dec 29, 2022 | Jan 9, 2023 | $0.33 |
| Jun 29, 2022 | Jul 8, 2022 | $0.18 |
| Dec 30, 2021 | Jan 7, 2022 | $0.13 |
| Jun 29, 2021 | Jul 8, 2021 | $0.09 |
ONOF Risk
- 12.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.63
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −26.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.96
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ONOF Cost
- The middle half of Trend-Following / Tactical Index funds
- Median 0.60%
5 of the 20 Trend-Following / Tactical Index funds charge less.