ONOF vs. AIQ
ONOF (Global X Adaptive U.S. Risk Management ETF) and AIQ (Global X Artificial Intelligence & Technology ETF) are both exchange-traded funds - ONOF is a Tactical Allocation fund tracking the Adaptive Wealth Strategies U.S. Risk Management Index, while AIQ is a Technology Equities fund tracking the Indxx Artificial Intelligence & Big Data Index. Both are passively managed. Over the past 5 years, ONOF returned 8.31%/yr vs 16.04%/yr for AIQ. A 0.75 correlation means they provide meaningful diversification when combined. ONOF charges 0.39%/yr vs 0.68%/yr for AIQ.
Performance
ONOF vs. AIQ - Performance Comparison
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Returns By Period
In the year-to-date period, ONOF achieves a 4.31% return, which is significantly lower than AIQ's 24.64% return.
ONOF
- 1D
- -0.42%
- 1M
- -1.55%
- YTD
- 4.31%
- 6M
- 3.02%
- 1Y
- 17.72%
- 3Y*
- 12.07%
- 5Y*
- 8.31%
- 10Y*
- —
AIQ
- 1D
- 0.06%
- 1M
- 0.92%
- YTD
- 24.64%
- 6M
- 23.32%
- 1Y
- 47.37%
- 3Y*
- 32.44%
- 5Y*
- 16.04%
- 10Y*
- —
ONOF vs. AIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ONOF Global X Adaptive U.S. Risk Management ETF | 4.31% | 8.90% | 19.45% | 11.57% | -11.89% | 25.33% |
AIQ Global X Artificial Intelligence & Technology ETF | 24.64% | 31.89% | 24.11% | 55.39% | -36.44% | 15.02% |
Correlation
The correlation between ONOF and AIQ is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | 0.75 |
The correlation between ONOF and AIQ has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.
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Return for Risk
ONOF vs. AIQ — Risk / Return Rank
ONOF
AIQ
ONOF vs. AIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Adaptive U.S. Risk Management ETF (ONOF) and Global X Artificial Intelligence & Technology ETF (AIQ). 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.
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 | AIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.89 | -0.30 |
| Martin ratioReturn relative to average drawdown | 8.54 | 9.23 | -0.69 |
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Drawdowns
ONOF vs. AIQ - Drawdown Comparison
The maximum ONOF drawdown since its inception was -26.21%, smaller than the maximum AIQ drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for ONOF and AIQ.
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Drawdown Indicators
| ONOF | AIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.21% | -44.66% | +18.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -16.47% | +9.61% |
Max Drawdown (3Y)Largest decline over 3 years | -21.67% | -26.35% | +4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -44.66% | +18.45% |
Current DrawdownCurrent decline from peak | -3.47% | -9.62% | +6.15% |
Average DrawdownAverage peak-to-trough decline | -6.11% | -9.78% | +3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 5.15% | -3.07% |
Volatility
ONOF vs. AIQ - Volatility Comparison
The current volatility for Global X Adaptive U.S. Risk Management ETF (ONOF) is 4.74%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 15.09%. This indicates that ONOF experiences smaller price fluctuations and is considered to be less risky than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONOF | AIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 15.09% | -10.35% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 22.62% | -13.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.85% | 26.52% | -14.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 26.01% | -11.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.39% | 25.84% | -11.45% |
ONOF vs. AIQ - Expense Ratio Comparison
ONOF has a 0.39% expense ratio, which is lower than AIQ's 0.68% expense ratio.
Dividends
ONOF vs. AIQ - Dividend Comparison
ONOF's dividend yield for the trailing twelve months is around 1.32%, more than AIQ's 0.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.15% | 0.18% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
ONOF Global X Adaptive U.S. Risk Management ETF | 1.32% | 1.38% | 0.93% | 1.37% | 1.92% | 0.69% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ONOF and AIQ have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIQ has higher volatility (15.09%) compared to ONOF (4.74%). In terms of maximum drawdown, ONOF dropped -26.21% vs AIQ's -44.66%.
On 5-year performance, AIQ leads with 16.04% vs 8.31% for ONOF. On fees, ONOF is cheaper at 0.39% per year. On volatility, ONOF has been the lower-risk option at 4.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AIQ has performed better with a 16.04% return vs 8.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ONOF is cheaper with a 0.39% expense ratio, compared with 0.68% for AIQ.
ONOF has the higher dividend yield at 1.32%, compared with 0.15% for AIQ.
ONOF is categorized as Tactical Allocation, while AIQ is Technology Equities. ONOF tracks Adaptive Wealth Strategies U.S. Risk Management Index, while AIQ tracks Indxx Artificial Intelligence & Big Data Index. Their fees differ too: 0.39% for ONOF and 0.68% for AIQ.
AIQ currently has the higher Sharpe Ratio (1.80 vs 1.51), 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.
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