Global X - Adaptive U.S. Risk Management ETF
$41.66+0.02 (+0.04%)
- 0.39%
- $144M
- +16.0%
- 1.19%
- 0M sh
- $41.69
- low $35.68high $42.11
The ETF.net ONOF Grade
Score 66 out of 100
- 6 of 20
Score 66 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A74 out of 100Rank 6 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B63 out of 100Rank 7 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C52 out of 100Rank 10 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A76 out of 100Rank 3 of 20Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 12 of 20
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
- 504
- 38%
- NVDA
Sectors
- Technology40.2%
- Financials10.9%
- Communication10.1%
- Health Care9.4%
- Consumer Discretionary8.9%
- Industrials7.8%
- Consumer Staples4.2%
- Energy3.5%
- Utilities1.9%
- Materials1.7%
- Real Estate1.5%
Geography
- United States97.33%
- Ireland1.20%
- United Kingdom0.46%
- Switzerland0.29%
- Singapore0.25%
- Uruguay0.13%
- Netherlands0.11%
- Bermuda0.09%
- 0.14%
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 Oct 12, 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 | +11.0% |
| 1 month | +2.0% |
| 3 months | +3.4% |
| 1 year | +16.0% |
| 3 years | +14.2% |
| 5 years | +9.3% |
| 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 | +11.0% | |
| 2025 | +8.9% | |
| 2024 | +19.4% | |
| 2023 | +11.5% | |
| 2022 | −11.9% | |
| 2021 | +25.2% |
ONOF in the news
ONOF Dividends
- 1.19%
- $0.49
- $0.16 per share
- Twice a year
Distribution history
ONOF Risk
- 12.1%
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.
- 0.79
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.
Other funds in Trend-Following / Tactical Index
- BFVFirst Trust Dorsey Wright Focus 5 ETFExpense ratio 0.30%1 year return +23.1%
- BTRNDPacer Trendpilot Fund of Funds ETFExpense ratio 0.15%1 year return +14.3%
- BIFVFirst Trust Dorsey Wright International Focus 5 ETFExpense ratio 0.30%1 year return +2.2%
- BPTMCPacer Trendpilot US Mid Cap ETFExpense ratio 0.60%1 year return +16.5%
- BPTNQPacer Trendpilot 100 ETFExpense ratio 0.65%1 year return +19.2%