LEXI vs. ONOF

Last updated Jun 3, 2026

LEXI (Alexis Practical Tactical ETF) and ONOF (Global X Adaptive U.S. Risk Management ETF) are both Tactical Allocation funds. LEXI is actively managed, while ONOF is passively managed. Over the past 3 years, LEXI returned 20.35%/yr vs 13.98%/yr for ONOF. Their correlation of 0.81 suggests significant overlap in exposure. LEXI charges 1.00%/yr vs 0.39%/yr for ONOF.

Performance

LEXI vs. ONOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alexis Practical Tactical ETF (LEXI) 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, LEXI achieves a 13.33% return, which is significantly higher than ONOF's 8.06% return.

LEXI

• 1D: 0.42%
• 1M: 5.07%
• YTD: 13.33%
• 6M: 14.34%
• 1Y: 29.97%
• 3Y*: 20.35%
• 5Y*: —
• 10Y*: —

ONOF

• 1D: 0.28%
• 1M: 5.52%
• YTD: 8.06%
• 6M: 8.39%
• 1Y: 25.32%
• 3Y*: 13.98%
• 5Y*: 9.70%
• 10Y*: —

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

LEXI vs. ONOF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LEXI Alexis Practical Tactical ETF	13.33%	19.23%	16.51%	16.58%	-14.36%	8.30%
ONOF Global X Adaptive U.S. Risk Management ETF	8.06%	8.90%	19.45%	11.57%	-11.89%	10.87%

Correlation

The correlation between LEXI and ONOF is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021	0.81

The correlation between LEXI and ONOF shifts across timeframes, from 0.81 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.

LEXI vs. ONOF - Sectors Allocation Comparison

Sectors	LEXI	ONOF
Technology	35.8%	35.6%
Industrials	13.9%	8.3%
Financial Services	12.8%	11.5%
Consumer Cyclical	9.8%	10.1%
Communication Services	7.3%	11.6%
Healthcare	6.6%	8.6%
Basic Materials	5.0%	1.8%
Consumer Defensive	3.2%	4.8%
Utilities	2.1%	2.3%
Energy	2.1%	3.6%
Real Estate	1.5%	1.8%

Return for Risk

LEXI vs. ONOF — Risk / Return Rank

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

LEXI

LEXI Risk / Return Rank: 83
LEXI Sharpe Ratio Rank: 84
LEXI Sortino Ratio Rank: 87
LEXI Omega Ratio Rank: 84
LEXI Calmar Ratio Rank: 74
LEXI Martin Ratio Rank: 85

ONOF

ONOF Risk / Return Rank: 68
ONOF Sharpe Ratio Rank: 68
ONOF Sortino Ratio Rank: 65
ONOF Omega Ratio Rank: 66
ONOF Calmar Ratio Rank: 74
ONOF Martin Ratio Rank: 69

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.

LEXI vs. ONOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alexis Practical Tactical ETF (LEXI) 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.

	LEXI	ONOF	Difference
Sharpe ratio Return per unit of total volatility	2.83	2.27	+0.56
Sortino ratio Return per unit of downside risk	4.03	3.05	+0.98
Omega ratio Gain probability vs. loss probability	1.52	1.40	+0.12
Calmar ratio Return relative to maximum drawdown	3.78	3.79	-0.01
Martin ratio Return relative to average drawdown	18.24	13.05	+5.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEXI vs. ONOF - Sharpe Ratio Comparison

The current LEXI Sharpe Ratio is 2.83, which is comparable to the ONOF Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of LEXI and ONOF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LEXI	ONOF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.83	2.27	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.75	+0.03

Drawdowns

LEXI vs. ONOF - Drawdown Comparison

The maximum LEXI drawdown since its inception was -22.01%, smaller than the maximum ONOF drawdown of -26.21%. Use the drawdown chart below to compare losses from any high point for LEXI and ONOF.

Drawdown Indicators

	LEXI	ONOF	Difference
Max Drawdown Largest peak-to-trough decline	-22.01%	-26.21%	+4.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-6.86%	-1.26%
Max Drawdown (3Y) Largest decline over 3 years	-15.94%	-21.67%	+5.73%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.21%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.19%	-6.16%	+0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.99%	-0.31%

Volatility

LEXI vs. ONOF - Volatility Comparison

Alexis Practical Tactical ETF (LEXI) has a higher volatility of 3.13% compared to Global X Adaptive U.S. Risk Management ETF (ONOF) at 2.96%. This indicates that LEXI's price experiences larger fluctuations and is considered to be riskier than ONOF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEXI	ONOF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	2.96%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	8.80%	7.94%	+0.86%
Volatility (1Y) Calculated over the trailing 1-year period	10.65%	11.23%	-0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.65%	14.30%	+0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.65%	14.34%	+0.31%

LEXI vs. ONOF - Expense Ratio Comparison

LEXI has a 1.00% expense ratio, which is higher than ONOF's 0.39% expense ratio.

Dividends

LEXI vs. ONOF - Dividend Comparison

LEXI's dividend yield for the trailing twelve months is around 0.83%, less than ONOF's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021
LEXI Alexis Practical Tactical ETF	0.83%	0.94%	2.17%	1.34%	0.95%	0.23%
ONOF Global X Adaptive U.S. Risk Management ETF	1.28%	1.38%	0.93%	1.37%	1.92%	0.69%

Frequently Asked Questions

Can I hold both LEXI and ONOF in my portfolio?

With a correlation of 0.92, LEXI and ONOF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LEXI or ONOF?

LEXI has higher volatility (3.13%) compared to ONOF (2.96%). In terms of maximum drawdown, LEXI dropped -22.01% vs ONOF's -26.21%.

Which ETF is better, LEXI or ONOF?

On 3-year performance, LEXI leads with 20.35% vs 13.98% for ONOF. On fees, ONOF is cheaper at 0.39% per year. On volatility, ONOF has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LEXI or ONOF?

Over the 3-year period, LEXI has performed better with a 20.35% return vs 13.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LEXI or ONOF?

ONOF is cheaper with a 0.39% expense ratio, compared with 1.00% for LEXI.

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

ONOF has the higher dividend yield at 1.28%, compared with 0.83% for LEXI.

What is the main difference between LEXI and ONOF?

They also come from different issuers: Alexis and Global X. Their fees differ too: 1.00% for LEXI and 0.39% for ONOF.

Which has better risk-adjusted returns?

LEXI currently has the higher Sharpe Ratio (2.83 vs 2.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.