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IFV vs ONOF

First Trust Dorsey Wright International Focus 5 ETF

IFVDNasdaq

Global X Adaptive U.S. Risk Management ETF

ONOFANYSE Arca

Overlap

Expense ratio

ONOF −0.75pt a year

IFV1.14%ONOF0.39%

Avg volume · 30D

IFV 10.2×the volume

IFV58KONOF5.67K

5Y return · a year

ONOF +4.0pt

IFV+2.9%ONOF+6.9%

IFV vs ONOF Performance

Nov 9, 2021 – Nov 9, 2026

+15.5%IFV+39.5%ONOF

Nov 9, 2021 to Nov 9, 2026. IFV +15.5%. ONOF +39.5%. Use the arrow keys to read each point.−20%0%Nov 2021May 2024Nov 2026
Expense ratio
IFV 1.14%
ONOF 0.39%, better
Fund size
IFV $203M
ONOF $136M
1Y total return
IFV +2.0%
ONOF +9.2%, better
Yield (12M)
IFV 2.08%, better
ONOF 1.23%
Holdings
IFV 6
ONOF 506
Avg volume (30D)
IFV 58K sh, better
ONOF 5.67K sh
NAV per share
IFV $23.71
ONOF $39.26
52W range

ETF.net Grade

IFV: Cost 5, Risk 39, Mission not scored, Tradability 64, Holdings 38, Durability 81. ONOF: Cost 95, Risk 62, Mission not scored, Tradability 61, Holdings 72, Durability 56.
Pillar letters and Scores for IFV, ONOF, with each pillar’s weight
PillarIFVONOF
Cost30% weightF5A95Higher
Mission25% weightNot scoredNot scored
Risk15% weightD39B62Higher
Tradability15% weightB64HigherB61
Holdings10% weightD38A72Higher
Durability5% weightA81HigherB56

Rank among Trend-Following / Tactical Index funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. IFV and ONOF are both graded against the same 20 Trend-Following / Tactical Index funds, so their Grades compare head to head.

Trend-Following / Tactical Index⁠

Category · 20 funds
See all 20 ›

ONOF ranks 3rd and IFV 15th of 20 funds in the Trend-Following / Tactical Index Category.

  1. Rank 1AWAMAWisdomTree US Adaptive Moving Average FundScore 80
  2. Rank 2APTLCPacer Trendpilot US Large Cap ETFScore 76
  3. Rank 3AONOFGlobal X Adaptive U.S. Risk Management ETFScore 75
  4. Rank 4APTMCPacer Trendpilot US Mid Cap ETFScore 72
  5. Rank 14CTRNDPacer Trendpilot Fund of Funds ETFScore 41
  6. Rank 15DIFVFirst Trust Dorsey Wright International Focus 5 ETFScore 33
  7. Rank 16DROMOStrategy Shares Newfound/ReSolve Robust Momentum ETFScore 32

Our read on each fund

ETF.net Research

IFVDFirst Trust Dorsey Wright International Focus 5 ETF

ONOFAGlobal X Adaptive U.S. Risk Management ETF

In short

IFV Most international index funds spread you across dozens of countries. IFV holds five: whichever First Trust country and region ETFs show the strongest relative price momentum, equal-weighted, picked by rules rather than manager hunches.

ONOF The 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.

Stated mandate

IFV The fund seeks to track, before fees and expenses, the price and yield of the Dorsey Wright International Focus Five Index. The index selects five First Trust international country- or region-based ETFs using relative-strength momentum and equal-weights them.

ONOF 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

  • IFV Momentum with a rulebook: Dorsey Wright's relative strength screen picks the five holdings, so country bets shift on a formula, not a manager's read of the news.ftportfolios.com
  • One ticket covers a rotating set of single-country and regional funds, a trade that would otherwise mean owning and swapping several positions yourself.ftportfolios.com
  • Trading since 2014, so the rules have run in live markets, through calm and chaos, rather than only on a backtest.
  • ONOF 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.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

  • IFV The 1.14% expense ratio sits well above the roughly 0.45% median for index-tracking funds in its peer group, and far above broad global options like VT at 0.06%.
  • Five equal-weighted holdings is concentrated by design: leadership rotates, and the portfolio can end up parked in a handful of markets, with currency moves along for the ride.ftportfolios.com
  • The menu is First Trust's own international country and region ETFs, so the screen ranks one issuer's lineup rather than every fund on the market.ftportfolios.com
  • ONOF 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.

Full IFV profile⁠

Full ONOF profile⁠

IFV vs ONOF Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IFV vs ONOF Cost

Overpaying IFV vs ONOF

$13,022

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IFV 1.14%

    $20,920

  • ONOF 0.39%

    $7,898

$10,000
30 years

Cost over time

  • IFV 1.14%
  • ONOF 0.39%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530IFV $20,920ONOF $7,898

Year by year

YearIFVONOFOverpaying
10$1,998$705$1,293
20$7,462$2,725$4,737
30$20,920$7,898$13,022

Expense ratio

  • 1.14%IFV
  • 0.39%ONOF, cheaper
  • Middle half of Trend-Following / Tactical Index funds
  • Median 0.67%

ONOF 2nd cheapest of 20 funds

IFV 19th cheapest of 20 funds

IFV vs ONOF Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
IFV 2.08%, better
ONOF 1.23%
Payout (12M)
IFV $0.50
ONOF $0.49
Last payment
IFV $0.09
ONOF $0.16
Ex-dividend
IFV Sep 24, 2026
ONOF Jun 29, 2026
Paid on
IFV Sep 30, 2026
ONOF Jul 2, 2026
Frequency
IFV Quarterly
ONOF Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

IFVQuarterly · 35 paymentsAll IFV payments⁠
One bar per payment. 35 payments from 2017 to 2026 YTD. Jun 22, 2017 $0.01; Sep 21, 2017 $0.13; Dec 21, 2017 $0.17; Jun 21, 2018 $0.20; Sep 14, 2018 $0.04; Dec 18, 2018 $0.08; Mar 21, 2019 $0.05; Jun 14, 2019 $0.21; Sep 25, 2019 $0.03; Dec 13, 2019 $0.34; Mar 26, 2020 $0.04; Jun 25, 2020 $0.13; Sep 24, 2020 $0.06; Dec 24, 2020 $0.11; Jun 24, 2021 $0.06; Sep 23, 2021 $0.05; Dec 23, 2021 $0.13; Mar 25, 2022 $0.15; Jun 24, 2022 $0.24; Sep 23, 2022 $0.10; Dec 23, 2022 $0.14; Mar 24, 2023 $0.03; Jun 27, 2023 $0.31; Sep 22, 2023 $0.05; Dec 22, 2023 $0.18; Mar 21, 2024 $0.07; Jun 27, 2024 $0.15; Sep 26, 2024 $0.03; Dec 13, 2024 $0.19; Jun 26, 2025 $0.27; Sep 25, 2025 $0.07; Dec 12, 2025 $0.15; Mar 26, 2026 $0.0087; Jun 25, 2026 $0.25; Sep 24, 2026 $0.09. Use the arrow keys to read each point.$0$0.252017202020232026YTD
ONOFTwice a year · 11 paymentsAll ONOF payments⁠
One bar per payment. 11 payments from 2017 to 2026 YTD. Jun 29, 2021 $0.09; Dec 30, 2021 $0.13; Jun 29, 2022 $0.18; Dec 29, 2022 $0.33; Jun 29, 2023 $0.18; Dec 28, 2023 $0.22; Jun 27, 2024 $0.12; Dec 30, 2024 $0.21; Jun 27, 2025 $0.19; Dec 30, 2025 $0.33; Jun 29, 2026 $0.16. Use the arrow keys to read each point.$0$0.252017202020232026YTD

IFV vs ONOF Risk

Fall from peak · 5 years

  • IFV
  • ONOF
Nov 9, 2021 to Nov 9, 2026. Worst fall: IFV −32.2% · Oct 2022. Use the arrow keys to read each point.−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
IFV 14.5%ONOF 12.0%, better
Return per unit of riskSharpe ratio, 3 years
IFV 0.67ONOF 0.82, better
Worst fallMax drawdown, 5 years
IFV −32.2%ONOF −26.2%, better
Market sensitivityBeta, 5 years
IFV 0.94ONOF 0.96

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