EZRO vs. ONOF

Last updated Jun 4, 2026

EZRO (AlphaDroid Defensive Sector Rotation ETF) and ONOF (Global X Adaptive U.S. Risk Management ETF) are both Tactical Allocation funds. EZRO is actively managed, while ONOF is passively managed. A 0.61 correlation means they provide meaningful diversification when combined. EZRO charges 1.01%/yr vs 0.39%/yr for ONOF.

Performance

EZRO vs. ONOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AlphaDroid Defensive Sector Rotation ETF (EZRO) and Global X Adaptive U.S. Risk Management ETF (ONOF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EZRO achieves a 8.53% return, which is significantly higher than ONOF's 7.32% return.

EZRO

• 1D: -1.77%
• 1M: -1.37%
• YTD: 8.53%
• 6M: 8.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ONOF

• 1D: -0.68%
• 1M: 5.26%
• YTD: 7.32%
• 6M: 7.29%
• 1Y: 23.60%
• 3Y*: 13.72%
• 5Y*: 9.34%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EZRO vs. ONOF - Yearly Performance Comparison

	2026 (YTD)	2025
EZRO AlphaDroid Defensive Sector Rotation ETF	8.53%	-1.65%
ONOF Global X Adaptive U.S. Risk Management ETF	7.32%	3.31%

Correlation

The correlation between EZRO and ONOF is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 17, 2025	0.61

Return for Risk

EZRO vs. ONOF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ONOF

ONOF Risk / Return Rank: 64
ONOF Sharpe Ratio Rank: 63
ONOF Sortino Ratio Rank: 61
ONOF Omega Ratio Rank: 61
ONOF Calmar Ratio Rank: 69
ONOF Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EZRO vs. ONOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AlphaDroid Defensive Sector Rotation ETF (EZRO) and Global X Adaptive U.S. Risk Management ETF (ONOF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EZRO	ONOF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.11	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.74	-0.14

Drawdowns

EZRO vs. ONOF - Drawdown Comparison

The maximum EZRO drawdown since its inception was -11.57%, smaller than the maximum ONOF drawdown of -26.21%. Use the drawdown chart below to compare losses from any high point for EZRO and ONOF.

Drawdown Indicators

	EZRO	ONOF	Difference
Max Drawdown Largest peak-to-trough decline	-11.57%	-26.21%	+14.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.86%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.21%	—
Current Drawdown Current decline from peak	-3.67%	-0.68%	-2.99%
Average Drawdown Average peak-to-trough decline	-3.57%	-6.15%	+2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.99%	—

Volatility

Volatility by Period

	EZRO	ONOF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.57%	11.25%	+7.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.57%	14.30%	+4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.57%	14.33%	+4.24%

EZRO vs. ONOF - Expense Ratio Comparison

EZRO has a 1.01% expense ratio, which is higher than ONOF's 0.39% expense ratio.

Dividends

EZRO vs. ONOF - Dividend Comparison

EZRO has not paid dividends to shareholders, while ONOF's dividend yield for the trailing twelve months is around 1.29%.

Position	TTM	2025	2024	2023	2022	2021
EZRO AlphaDroid Defensive Sector Rotation ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ONOF Global X Adaptive U.S. Risk Management ETF	1.29%	1.38%	0.93%	1.37%	1.92%	0.69%

Frequently Asked Questions

Can I hold both EZRO and ONOF in my portfolio?

EZRO and ONOF have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EZRO or ONOF?

On fees, ONOF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EZRO or ONOF?

ONOF is cheaper with a 0.39% expense ratio, compared with 1.01% for EZRO.

Which ETF pays a higher dividend yield, EZRO or ONOF?

ONOF has the higher dividend yield at 1.29%, compared with 0.00% for EZRO.

What is the main difference between EZRO and ONOF?

They also come from different issuers: AlphaDroid and Global X. Their fees differ too: 1.01% for EZRO and 0.39% for ONOF.