Skip to content
etf.net

ONOF vs ROMO

Global X Adaptive U.S. Risk Management ETF

ONOFANYSE Arca

Strategy Shares Newfound/ReSolve Robust Momentum ETF

ROMODCboe

Overlap

Expense ratio

ONOF −0.53pt a year

ONOF0.39%ROMO0.92%

Avg volume · 30D

ONOF 2.6×the volume

ONOF5.82KROMO2.23K

5Y return · a year

ONOF +2.1pt

ONOF+7.4%ROMO+5.3%

ONOF vs ROMO Performance

Oct 29, 2021 – Oct 30, 2026

+42.6%ONOF+29.3%ROMO

Oct 29, 2021 to Oct 30, 2026. ONOF +42.6%. ROMO +29.3%. Use the arrow keys to read each point.−20%0%20%Oct 2021Apr 2024Oct 2026
Expense ratio
ONOF 0.39%, better
ROMO 0.92%
Fund size
ONOF $140M
ROMO $25M
1Y total return
ONOF +7.7%, better
ROMO +6.0%
Yield (12M)
ONOF 1.22%
ROMO 8.42%, better
Holdings
ONOF 504
ROMO 6
Avg volume (30D)
ONOF 5.82K sh, better
ROMO 2.23K sh
NAV per share
ONOF $40.37
ROMO $34.02
52W range

ETF.net Grade

ONOF: Cost 95, Risk 62, Mission not scored, Tradability 59, Holdings 76, Durability 56. ROMO: Cost 16, Risk 60, Mission not scored, Tradability 36, Holdings 39, Durability 24.
Pillar letters and Scores for ONOF, ROMO, with each pillar’s weight
PillarONOFROMO
Cost30% weightA95HigherF16
Mission25% weightNot scoredNot scored
Risk15% weightB62HigherB60
Tradability15% weightB59HigherD36
Holdings10% weightA76HigherD39
Durability5% weightB56HigherF24

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 ROMO 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 ROMO 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 71
  5. Rank 15DIFVFirst Trust Dorsey Wright International Focus 5 ETFScore 32
  6. Rank 15DROMOStrategy Shares Newfound/ReSolve Robust Momentum ETFScore 32
  7. Rank 17DFFTYCapForce IBD 50 ETFScore 30

Our read on each fund

ETF.net Research

ONOFAGlobal X Adaptive U.S. Risk Management ETF

ROMODStrategy Shares Newfound/ReSolve Robust Momentum 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.

ROMO Most trend funds flip one switch on one moving average. ROMO's index lets a crowd of simple momentum and trend models vote, then shifts weekly in small steps, rotating among US, developed and emerging market equity ETFs or Treasuries as the votes change.

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.

ROMO The Fund seeks pre-fee, pre-expense returns corresponding to the Newfound/ReSolve Robust Equity Momentum Index. It uses passive indexing to track that 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
  • ROMO No single moving average calls the shot: many simple momentum and trend models vote, and each holding's weight tracks its share of the votes.solactive.comthinknewfound.com
  • Signals come from four momentum calculations run across lookbacks from roughly one month to 18 months, so one parameter choice does not drive the portfolio.thinknewfound.com
  • Signals update weekly but are only partly implemented, so the equity dial turns in increments instead of flipping all in or all out.thinknewfound.comsolactive.com
  • The map is global: US, developed international and emerging market equity ETFs, with US Treasury ETFs when equity trends go negative. Live since 2019.solactive.com

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.
  • ROMO Costs 0.92% net of a waiver through August 31, 2027 (1.29% gross), above the category median across 20 funds. Trend peers WAMA (0.32%) and ONOF (0.39%) charge less.
  • Gradual moves cut both ways: the index can stay partly invested through a selloff and partly defensive into a rebound.thinknewfound.comsolactive.com
  • A small fund that trades lightly, so spreads and premium or discount gaps can run wider than at the category's heavyweights. It also owns ETFs, layering fund costs.sec.gov

Full ONOF profile⁠

Full ROMO profile⁠

ONOF vs ROMO 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 ROMO Cost

Overpaying ROMO vs ONOF

$9,475

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

  • ONOF 0.39%

    $7,898

  • ROMO 0.92%

    $17,373

$10,000
30 years

Cost over time

  • ONOF 0.39%
  • ROMO 0.92%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ROMO $17,373ONOF $7,898

Year by year

YearONOFROMOOverpaying
10$705$1,627$922
20$2,725$6,138$3,413
30$7,898$17,373$9,475

Expense ratio

  • 0.39%ONOF, cheaper
  • 0.92%ROMO
  • Middle half of Trend-Following / Tactical Index funds
  • Median 0.67%

ONOF 2nd cheapest of 20 funds

ROMO 17th cheapest of 20 funds

ONOF vs ROMO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ONOF 1.22%
ROMO 8.42%, better
Payout (12M)
ONOF $0.49
ROMO $2.82
Last payment
ONOF $0.16
ROMO $2.82
Ex-dividend
ONOF Jun 29, 2026
ROMO Dec 29, 2025
Paid on
ONOF Jul 2, 2026
ROMO Dec 30, 2025
Frequency
ONOF Twice a year
ROMO Annual

Distribution history

Per share, 2019 to 2026, same scale for both

ONOFTwice a year · 11 paymentsAll ONOF payments⁠
One bar per payment. 11 payments from 2019 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$2.50202020232026YTD
ROMOAnnual · 7 paymentsAll ROMO payments⁠
One bar per payment. 7 payments from 2019 to 2026 YTD. Dec 27, 2019 $0.15; Dec 29, 2020 $0.24; Dec 29, 2021 $0.17; Dec 28, 2022 $0.19; Dec 27, 2023 $0.64; Dec 27, 2024 $0.24; Dec 29, 2025 $2.82. Use the arrow keys to read each point.$0$2.50202020232026YTD

ONOF vs ROMO Risk

Fall from peak · 5 years

  • ONOF
  • ROMO
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%ROMO 10.4%, better
Return per unit of riskSharpe ratio, 3 years
ONOF 0.82ROMO 0.99, better
Worst fallMax drawdown, 5 years
ONOF −26.2%ROMO −20.3%, better
Market sensitivityBeta, 5 years
ONOF 0.96ROMO 1.04

ONOF and ROMO in the news

All news⁠

Popular comparisons

  • ONOFAvsWAMAA

    Global X Adaptive U.S. Risk Management ETF · WisdomTree US Adaptive Moving Average Fund

    Expense ratio
    0.39% · 0.33%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ROMODvsWAMAA

    Strategy Shares Newfound/ReSolve Robust Momentum ETF · WisdomTree US Adaptive Moving Average Fund

    Expense ratio
    0.92% · 0.33%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ONOFAvsPTLCA

    Global X Adaptive U.S. Risk Management ETF · Pacer Trendpilot US Large Cap ETF

    Expense ratio
    0.39% · 0.60%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ROMODvsPTLCA

    Strategy Shares Newfound/ReSolve Robust Momentum ETF · Pacer Trendpilot US Large Cap ETF

    Expense ratio
    0.92% · 0.60%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ONOFAvsPTMCA

    Global X Adaptive U.S. Risk Management ETF · Pacer Trendpilot US Mid Cap ETF

    Expense ratio
    0.39% · 0.60%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ROMODvsPTMCA

    Strategy Shares Newfound/ReSolve Robust Momentum ETF · Pacer Trendpilot US Mid Cap ETF

    Expense ratio
    0.92% · 0.60%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.