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ONOF vs PTMC

Global X Adaptive U.S. Risk Management ETF

ONOFANYSE Arca

Pacer Trendpilot US Mid Cap ETF

PTMCACboe

Overlap

Expense ratio

ONOF −0.21pt a year

ONOF0.39%PTMC0.60%

Avg volume · 30D

PTMC 3.1×the volume

ONOF5.82KPTMC17.9K

5Y return · a year

ONOF +4.4pt

ONOF+7.4%PTMC+3.0%

ONOF vs PTMC Performance

Oct 29, 2021 – Oct 30, 2026

+42.6%ONOF+15.9%PTMC

Oct 29, 2021 to Oct 30, 2026. ONOF +42.6%. PTMC +15.9%. Use the arrow keys to read each point.−20%0%Oct 2021Apr 2024Oct 2026
Expense ratio
ONOF 0.39%, better
PTMC 0.60%
Fund size
ONOF $140M
PTMC $370M
1Y total return
ONOF +7.7%
PTMC +13.7%, better
Yield (12M)
ONOF 1.22%
PTMC 1.65%, better
Holdings
ONOF 504
PTMC 402
Avg volume (30D)
ONOF 5.82K sh
PTMC 17.9K sh, better
NAV per share
ONOF $40.37
PTMC $39.77
52W range

ETF.net Grade

ONOF: Cost 95, Risk 62, Mission not scored, Tradability 59, Holdings 76, Durability 56. PTMC: Cost 71, Risk 55, Mission not scored, Tradability 76, Holdings 87, Durability 81.
Pillar letters and Scores for ONOF, PTMC, with each pillar’s weight
PillarONOFPTMC
Cost30% weightA95HigherA71
Mission25% weightNot scoredNot scored
Risk15% weightB62HigherB55
Tradability15% weightB59A76Higher
Holdings10% weightA76A87Higher
Durability5% weightB56A81Higher

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. ONOF and PTMC 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 PTMC 4th 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 71
  5. Rank 5BWIMAWisdomTree International Adaptive Moving Average FundScore 68

Our read on each fund

ETF.net Research

ONOFAGlobal X Adaptive U.S. Risk Management ETF

PTMCAPacer Trendpilot US Mid Cap ETF

In short

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.

PTMC A mid-cap index fund with a seatbelt built in. PTMC tracks a rules-based trend index that shifts the portfolio between roughly 400 US mid-cap stocks and defensive positioning, with no manager judgment in the loop. Running since 2015.

Stated mandate

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.

PTMC The Fund seeks to track, before fees and expenses, the total return of the Pacer Trendpilot US Mid Cap Index.

Why people hold it

  • 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
  • PTMC The trend rules do the deciding, not a portfolio manager's gut: the index itself dictates when to hold mid-cap equities and when to shift defensive.paceretfs.com
  • Under the overlay sits a plain, broad basket of roughly 400 US mid caps, not a handful of concentrated picks.
  • Live since 2015, so the signal has run through real market drawdowns and recoveries rather than a backtest.

Worth knowing

  • 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.
  • PTMC The 0.60% fee buys the rules, not more stocks. Plain index wrappers in the same peer group, like VXF at 0.05%, simply hold the market and skip the overlay.
  • Trend systems move on sustained direction, so a sharp drop and fast snapback can whipsaw the signal in both directions.paceretfs.com
  • It trades lightly next to vanilla mid-cap index funds, which tends to mean wider bid-ask spreads at the moment of the trade.

Full ONOF profile⁠

Full PTMC profile⁠

ONOF vs PTMC Holdings

As of
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.

ONOF vs PTMC Cost

Overpaying PTMC vs ONOF

$3,919

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

  • ONOF 0.39%

    $7,898

  • PTMC 0.60%

    $11,817

$10,000
30 years

Cost over time

  • ONOF 0.39%
  • PTMC 0.60%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PTMC $11,817ONOF $7,898

Year by year

YearONOFPTMCOverpaying
10$705$1,076$371
20$2,725$4,116$1,391
30$7,898$11,817$3,919

Expense ratio

  • 0.39%ONOF, cheaper
  • 0.60%PTMC
  • Middle half of Trend-Following / Tactical Index funds
  • Median 0.67%

ONOF 2nd cheapest of 20 funds

PTMC 6th cheapest of 20 funds

ONOF vs PTMC Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ONOF 1.22%
PTMC 1.65%, better
Payout (12M)
ONOF $0.49
PTMC $0.66
Last payment
ONOF $0.16
PTMC $0.66
Ex-dividend
ONOF Jun 29, 2026
PTMC Dec 30, 2025
Paid on
ONOF Jul 2, 2026
PTMC Jan 5, 2026
Frequency
ONOF Twice a year
PTMC Annual

Distribution history

Per share, 2017 to 2026, same scale for both

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$0.502017202020232026YTD
PTMCAnnual · 9 paymentsAll PTMC payments⁠
One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 27, 2017 $0.21; Dec 24, 2018 $0.28; Dec 24, 2019 $0.43; Dec 21, 2020 $0.17; Dec 23, 2021 $0.04; Dec 22, 2022 $0.26; Dec 27, 2023 $0.63; Dec 27, 2024 $0.32; Dec 30, 2025 $0.66. Use the arrow keys to read each point.$0$0.502017202020232026YTD

ONOF vs PTMC Risk

Fall from peak · 5 years

  • ONOF
  • PTMC
Oct 29, 2021 to Oct 30, 2026. Worst fall: ONOF −26.2% · Jun 2022. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
ONOF 12.0%, betterPTMC 14.2%
Return per unit of riskSharpe ratio, 3 years
ONOF 0.82, betterPTMC 0.48
Worst fallMax drawdown, 5 years
ONOF −26.2%PTMC −16.9%, better
Market sensitivityBeta, 5 years
ONOF 0.96PTMC 0.77

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