ONOF vs. GDT

Last updated Jul 28, 2026

ONOF (Global X Adaptive U.S. Risk Management ETF) and GDT (WisdomTree Efficient TIPS Plus Gold Fund) are both Tactical Allocation funds. ONOF is passively managed, while GDT is actively managed. Their 0.45 correlation means their historical movements had little consistent relationship. ONOF charges 0.39%/yr vs 0.30%/yr for GDT.

Performance

ONOF vs. GDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Adaptive U.S. Risk Management ETF (ONOF) and WisdomTree Efficient TIPS Plus Gold Fund (GDT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ONOF

• 1D: 0.07%
• 1M: 0.93%
• 6M: 3.64%
• YTD: 5.12%
• 1Y: 12.99%
• 3Y*: 10.38%
• 5Y*: 7.83%
• 10Y*: —
• ALL TIME*: 9.88%

GDT

• 1D: 0.56%
• 1M: -0.11%
• 6M: -18.13%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GDT WisdomTree Efficient TIPS Plus Gold Fund	$90.22K	$80.48K	$100.56K
ONOF Global X Adaptive U.S. Risk Management ETF	$391.58K	$268.90K	$496.85K

ONOF vs. GDT - Yearly Performance Comparison

	2026 (YTD)
ONOF Global X Adaptive U.S. Risk Management ETF	4.82%
GDT WisdomTree Efficient TIPS Plus Gold Fund	-14.98%

Correlation

The correlation between ONOF and GDT is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.45

Return for Risk

ONOF vs. GDT — Risk / Return Rank

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

ONOF

ONOF Risk / Return Rank: 47
ONOF Sharpe Ratio Rank: 44
ONOF Sortino Ratio Rank: 41
ONOF Omega Ratio Rank: 41
ONOF Calmar Ratio Rank: 55
ONOF Martin Ratio Rank: 52

GDT

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

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.

ONOF vs. GDT - 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 WisdomTree Efficient TIPS Plus Gold Fund (GDT). 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	GDT	Difference
Sharpe ratio: Return per unit of total volatility	1.08	—	—
Sortino ratio: Return per unit of downside risk	1.53	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.90	—	—
Martin ratio: Return relative to average drawdown	6.04	—	—

Drawdowns

ONOF vs. GDT - Drawdown Comparison

The maximum ONOF drawdown since its inception was -26.21%, which is greater than GDT's maximum drawdown of -24.66%. Use the drawdown chart below to compare losses from any high point for ONOF and GDT.

Drawdown Indicators

	ONOF	GDT	Difference
Max Drawdown Largest peak-to-trough decline	-26.21%	-24.66%	-1.55%
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	-2.72%	-23.11%	+20.39%
Average Drawdown Average peak-to-trough decline	-6.04%	-13.23%	+7.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	—	—

Volatility

Volatility by Period

	ONOF	GDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.07%	31.14%	-19.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.40%	31.14%	-16.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.33%	31.14%	-16.81%

ONOF vs. GDT - Expense Ratio Comparison

ONOF has a 0.39% expense ratio, which is higher than GDT's 0.30% expense ratio.

Dividends

ONOF vs. GDT - Dividend Comparison

ONOF's dividend yield for the trailing twelve months is around 1.25%, less than GDT's 2.72% yield.

Position	TTM	2025	2024	2023	2022	2021
GDT WisdomTree Efficient TIPS Plus Gold Fund	2.72%	0.00%	0.00%	0.00%	0.00%	0.00%
ONOF Global X Adaptive U.S. Risk Management ETF	1.25%	1.38%	0.93%	1.37%	1.92%	0.69%

Frequently Asked Questions

Can I hold both ONOF and GDT in my portfolio?

ONOF and GDT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ONOF or GDT?

On fees, GDT is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ONOF or GDT?

GDT is cheaper with a 0.30% expense ratio, compared with 0.39% for ONOF.

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

GDT has the higher dividend yield at 2.72%, compared with 1.25% for ONOF.

What is the main difference between ONOF and GDT?

They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.39% for ONOF and 0.30% for GDT.