Skip to content
etf.net

ONOF vs TRND

Global X Adaptive U.S. Risk Management ETF

ONOFANYSE Arca

Pacer Trendpilot Fund of Funds ETF

TRNDCNYSE Arca

Overlap

Expense ratio

ONOF −0.38pt a year

ONOF0.39%TRND0.77%

Avg volume · 30D

ONOF 1.8×the volume

ONOF5.82KTRND3.26K

5Y return · a year

ONOF +2.3pt

ONOF+7.4%TRND+5.1%

ONOF vs TRND Performance

Oct 29, 2021 – Oct 30, 2026

+42.6%ONOF+28.2%TRND

Oct 29, 2021 to Oct 30, 2026. ONOF +42.6%. TRND +28.2%. Use the arrow keys to read each point.−20%0%20%Oct 2021Apr 2024Oct 2026
Expense ratio
ONOF 0.39%, better
TRND 0.77%
Fund size
ONOF $140M
TRND $61M
1Y total return
ONOF +7.7%
TRND +8.6%, better
Yield (12M)
ONOF 1.22%
TRND 2.15%, better
Holdings
ONOF 504
TRND 7
Avg volume (30D)
ONOF 5.82K sh, better
TRND 3.26K sh
NAV per share
ONOF $40.37
TRND $36.08
52W range

ETF.net Grade

ONOF: Cost 95, Risk 62, Mission not scored, Tradability 59, Holdings 76, Durability 56. TRND: Cost 37, Risk 75, Mission 40, Tradability 19, Holdings 45, Durability 48.
Pillar letters and Scores for ONOF, TRND, with each pillar’s weight
PillarONOFTRND
Cost30% weightA95HigherD37
Mission25% weightNot scoredC40
Risk15% weightB62A75Higher
Tradability15% weightB59HigherF19
Holdings10% weightA76HigherC45
Durability5% weightB56HigherC48

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 TRND 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 TRND 14th 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 13CFVFirst Trust Dorsey Wright Focus 5 ETFScore 43
  6. Rank 14CTRNDPacer Trendpilot Fund of Funds ETFScore 42
  7. Rank 15DIFVFirst Trust Dorsey Wright International Focus 5 ETFScore 32

Our read on each fund

ETF.net Research

ONOFAGlobal X Adaptive U.S. Risk Management ETF

TRNDCPacer Trendpilot Fund of Funds 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.

TRND The whole Trendpilot family in one ticker: instead of picking which sleeve goes on trend autopilot, TRND holds Pacer's own trend-following ETFs across US large cap, mid cap, international and bonds.

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.

TRND The Fund seeks to track the total return performance, before fees and expenses, of the Pacer Trendpilot Fund of Funds 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
  • TRND Each underlying sleeve runs its own rule: 100% to its benchmark, 50/50 with 3-month T-bills, or all T-bills. The de-risking switch isn't one all-or-nothing call on the S&P 500.paceretfs.compaceretfs.com 2
  • Rules, not hunches. Positions shift on 200-day moving average triggers confirmed over five business days, with no manager discretion over when to step aside.paceretfs.compaceretfs.com 2
  • A fund of funds rebuilt at each quarterly rebalance from Pacer's own Trendpilot ETFs, so the trend call is spread across several markets instead of one.sec.gov
  • Live since 2019, tracking a published index methodology rather than a black box.paceretfs.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.
  • TRND Stacking funds costs more: 0.77%, no waiver, above the category median. Owning a single sleeve directly runs less (PTLC and PTMC are 0.60% each).
  • Signals confirm before they act, so a sharp dip and fast rebound can see sleeves move to T-bills late and return to the market late.paceretfs.compaceretfs.com 2
  • Thinly traded for its category, so bid-ask spreads are a bigger slice of the cost of getting in and out than with the bigger Trendpilot sleeves.

Full ONOF profile⁠

Full TRND profile⁠

ONOF vs TRND 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 TRND Cost

Overpaying TRND vs ONOF

$6,931

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

  • ONOF 0.39%

    $7,898

  • TRND 0.77%

    $14,829

$10,000
30 years

Cost over time

  • ONOF 0.39%
  • TRND 0.77%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530TRND $14,829ONOF $7,898

Year by year

YearONOFTRNDOverpaying
10$705$1,371$666
20$2,725$5,205$2,480
30$7,898$14,829$6,931

Expense ratio

  • 0.39%ONOF, cheaper
  • 0.77%TRND
  • Middle half of Trend-Following / Tactical Index funds
  • Median 0.67%

ONOF 2nd cheapest of 20 funds

TRND 13th cheapest of 20 funds

ONOF vs TRND Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ONOF 1.22%
TRND 2.15%, better
Payout (12M)
ONOF $0.49
TRND $0.78
Last payment
ONOF $0.16
TRND $0.78
Ex-dividend
ONOF Jun 29, 2026
TRND Dec 31, 2025
Paid on
ONOF Jul 2, 2026
TRND Jan 6, 2026
Frequency
ONOF Twice a year
TRND 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$0.50202020232026YTD
TRNDAnnual · 7 paymentsAll TRND payments⁠
One bar per payment. 7 payments from 2019 to 2026 YTD. Dec 27, 2019 $0.25; Dec 22, 2020 $0.17; Dec 27, 2021 $0.29; Dec 23, 2022 $0.46; Dec 28, 2023 $0.75; Dec 30, 2024 $0.75; Dec 31, 2025 $0.78. Use the arrow keys to read each point.$0$0.50202020232026YTD

ONOF vs TRND Risk

Fall from peak · 5 years

  • ONOF
  • TRND
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%TRND 9.6%, better
Return per unit of riskSharpe ratio, 3 years
ONOF 0.82, betterTRND 0.78
Worst fallMax drawdown, 5 years
ONOF −26.2%TRND −16.2%, better
Market sensitivityBeta, 5 years
ONOF 0.96TRND 0.98

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.

  • TRNDCvsWAMAA

    Pacer Trendpilot Fund of Funds ETF · WisdomTree US Adaptive Moving Average Fund

    Expense ratio
    0.77% · 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.

  • TRNDCvsPTLCA

    Pacer Trendpilot Fund of Funds ETF · Pacer Trendpilot US Large Cap ETF

    Expense ratio
    0.77% · 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.

  • TRNDCvsPTMCA

    Pacer Trendpilot Fund of Funds ETF · Pacer Trendpilot US Mid Cap ETF

    Expense ratio
    0.77% · 0.60%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.