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ONOF vs WAMA

Global X Adaptive U.S. Risk Management ETF

ONOFANYSE Arca

WisdomTree US Adaptive Moving Average Fund

WAMAANasdaq

Overlap

Expense ratio

WAMA −0.06pt a year

ONOF0.39%WAMA0.33%

Avg volume · 30D

WAMA 2.1×the volume

ONOF5.82KWAMA12.4K

ONOF vs WAMA Performance

Jul 31, 2026 – Oct 30, 2026

+1.3%ONOF+1.3%WAMA

Jul 31, 2026 to Oct 30, 2026. ONOF +1.3%. WAMA +1.3%. Use the arrow keys to read each point.0%2%3%4%5%Jul 2026Sep 2026Oct 2026
Expense ratio
ONOF 0.39%
WAMA 0.33%, better
Fund size
ONOF $140M
WAMA $199M
1Y total return
ONOF +7.7%
WAMA No data
Yield (12M)
ONOF 1.22%
WAMA No data
Holdings
ONOF 504
WAMA 507
Avg volume (30D)
ONOF 5.82K sh
WAMA 12.4K sh, better
NAV per share
ONOF $40.37
WAMA $26.51
52W range

ETF.net Grade

ONOF: Cost 95, Risk 62, Mission not scored, Tradability 59, Holdings 76, Durability 56. WAMA: Cost 100, Risk 84, Mission not scored, Tradability 54, Holdings 69, Durability 62.
Pillar letters and Scores for ONOF, WAMA, with each pillar’s weight
PillarONOFWAMA
Cost30% weightA95A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightB62A84Higher
Tradability15% weightB59HigherC54
Holdings10% weightA76HigherB69
Durability5% weightB56B62Higher

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 WAMA 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 ›

WAMA ranks 1st and ONOF 3rd 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

Our read on each fund

ETF.net Research

ONOFAGlobal X Adaptive U.S. Risk Management ETF

WAMAAWisdomTree US Adaptive Moving Average Fund

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.

WAMA No data

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.

WAMA No data

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

WAMA No data

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.

WAMA No data

Full ONOF profile⁠

Full WAMA profile⁠

ONOF vs WAMA 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 WAMA Cost

Overpaying ONOF vs WAMA

$1,161

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

  • ONOF 0.39%

    $7,898

  • WAMA 0.33%

    $6,737

$10,000
30 years

Cost over time

  • ONOF 0.39%
  • WAMA 0.33%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530ONOF $7,898WAMA $6,737

Year by year

YearONOFWAMAOverpaying
10$705$598$107
20$2,725$2,318$407
30$7,898$6,737$1,161

Expense ratio

  • 0.39%ONOF
  • 0.33%WAMA, cheaper
  • Middle half of Trend-Following / Tactical Index funds
  • Median 0.67%

WAMA cheapest of 20 funds

ONOF 2nd cheapest of 20 funds

ONOF vs WAMA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ONOF 1.22%
WAMA No data
Payout (12M)
ONOF $0.49
WAMA No data
Last payment
ONOF $0.16
WAMA $0.05
Ex-dividend
ONOF Jun 29, 2026
WAMA Sep 25, 2026
Paid on
ONOF Jul 2, 2026
WAMA Sep 29, 2026
Frequency
ONOF Twice a year
WAMA Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

ONOFTwice a year · 11 paymentsAll ONOF payments⁠
One bar per payment. 11 payments from 2021 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$0.2520232026YTD
WAMAQuarterly · 2 paymentsAll WAMA payments⁠
One bar per payment. 2 payments from 2021 to 2026 YTD. Jun 25, 2026 $0.11; Sep 25, 2026 $0.05. Use the arrow keys to read each point.$0$0.2520232026YTD

ONOF vs WAMA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ONOF 12.0%WAMA No data
Return per unit of riskSharpe ratio, 3 years
ONOF 0.82WAMA No data
Worst fallMax drawdown, 5 years
ONOF −26.2%WAMA No data
Market sensitivityBeta, 5 years
ONOF 0.96WAMA 0.59

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