- ISIN
- US37954Y1947
- CUSIP
- 37954Y194
- Issuer
- Global X
- Inception Date
- Jan 12, 2021
- Region
- North America (U.S.)
- Category
- Tactical Allocation
- Leveraged
- 1x (No leverage)
- Index Tracked
- Adaptive Wealth Strategies U.S. Risk Management Index
- Distribution Policy
- Distributing
- Assets Under Management
- $139M
Share Price Chart
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Performance
ONOF Performance Chart
Global X Adaptive U.S. Risk Management ETF (ONOF) is up 6.7% since the beginning of the year. ONOF is currently trading at $40 per share. Investors who bought $1,000 worth of ONOF shares 5 years ago would now be looking at an investment worth $1,549.
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Returns By Period
Global X Adaptive U.S. Risk Management ETF (ONOF) has returned 6.71% so far this year and 21.65% over the past 12 months.
Global X Adaptive U.S. Risk Management ETF
- 1D
- -0.47%
- 1M
- 1.73%
- YTD
- 6.71%
- 6M
- 7.60%
- 1Y
- 21.65%
- 3Y*
- 12.41%
- 5Y*
- 9.14%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
ONOF Monthly Returns History
Based on dividend-adjusted daily data since Jan 13, 2021, ONOF's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Jul 2022 with a return of +8.1%, while the worst month was Jun 2022 at -10.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ONOF closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +9.5%, while the worst single day was Apr 4, 2025 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.09% | -0.93% | -3.82% | 5.98% | 5.38% | -0.80% | 6.71% | ||||||
| 2025 | 3.13% | -1.84% | -8.67% | -4.87% | 6.21% | 5.40% | 2.11% | 1.91% | 3.81% | 2.42% | -0.02% | -0.01% | 8.90% |
| 2024 | 1.84% | 5.35% | 3.07% | -3.97% | 4.48% | 3.93% | 0.86% | -2.14% | 2.14% | -0.68% | 6.13% | -2.50% | 19.45% |
| 2023 | 3.21% | -2.05% | -0.05% | 1.34% | 0.87% | 6.55% | 3.34% | -1.60% | -4.81% | -2.11% | 2.44% | 4.44% | 11.57% |
| 2022 | -9.59% | -7.13% | 0.79% | -2.89% | 2.64% | -10.76% | 8.08% | 1.87% | -0.94% | 2.91% | 7.90% | -3.36% | -11.89% |
| 2021 | -2.20% | 2.05% | 3.79% | 5.14% | 0.54% | 2.93% | 2.32% | 3.05% | -4.53% | 6.69% | -1.03% | 4.62% | 25.33% |
Benchmark Metrics
Global X Adaptive U.S. Risk Management ETF has an annualized alpha of 0.98%, beta of 0.71, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since January 13, 2021.
- This ETF participated in 93.09% of S&P 500 Index downside but only 83.11% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.98%
- Beta
- 0.71
- R²
- 0.69
- Upside Capture
- 83.11%
- Downside Capture
- 93.09%
Expense Ratio
ONOF has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ONOF ranks 60 for risk / return — better than 60% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Adaptive U.S. Risk Management ETF (ONOF) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ONOF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 2.71 | +0.46 |
| Martin ratioReturn relative to average drawdown | 10.59 | 12.15 | -1.56 |
Dividends
Dividend History
Global X Adaptive U.S. Risk Management ETF provided a 1.29% dividend yield over the last twelve months, with an annual payout of $0.52 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.52 | $0.33 | $0.40 | $0.52 | $0.22 |
Dividend yield | 1.29% | 1.38% | 0.93% | 1.37% | 1.92% | 0.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Adaptive U.S. Risk Management ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.52 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.33 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.40 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.52 |
| 2021 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Adaptive U.S. Risk Management ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Adaptive U.S. Risk Management ETF was 26.21%, occurring on Jun 16, 2022. Recovery took 403 trading sessions.
The current Global X Adaptive U.S. Risk Management ETF drawdown is 1.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -26.21%Jun 2022 | 5mo 18d | 1y 7mo | 2y 26dDec 2021 - Jan 2024 |
2025 selloff2025 | -21.67%Apr 2025 | 1mo 17d | 5mo 10d | 6mo 27dFeb 2025 - Sep 2025 |
2024 pullback2024 | -8.87%Sep 2024 | 1mo 21d | 2mo 1d | 3mo 22dJul 2024 - Nov 2024 |
2026 pullback2026 | -6.86%Mar 2026 | 2mo 6d | 1mo 11d | 3mo 17dJan 2026 - Apr 2026 |
2024 pullback2024 | -5.42%Apr 2024 | 18d | 25d | 1mo 13dApr 2024 - May 2024 |
Drawdown Indicators
| ONOF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.21% | -56.78% | +30.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -9.10% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -21.67% | -18.90% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -25.43% | -0.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.25% | -1.29% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -10.72% | +4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.02% | +0.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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