ONOF vs. IBIC
ONOF (Global X Adaptive U.S. Risk Management ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - ONOF is a Tactical Allocation fund tracking the Adaptive Wealth Strategies U.S. Risk Management Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, ONOF returned 24.03% vs 4.49% for IBIC. At a correlation of -0.06, they often move in opposite directions. ONOF charges 0.39%/yr vs 0.10%/yr for IBIC.
Performance
ONOF vs. IBIC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ONOF achieves a 7.72% return, which is significantly higher than IBIC's 2.34% return.
ONOF
- 1D
- 0.37%
- 1M
- 4.79%
- YTD
- 7.72%
- 6M
- 7.66%
- 1Y
- 24.03%
- 3Y*
- 13.94%
- 5Y*
- 9.43%
- 10Y*
- —
IBIC
- 1D
- -0.03%
- 1M
- 0.28%
- YTD
- 2.34%
- 6M
- 2.50%
- 1Y
- 4.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONOF vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ONOF Global X Adaptive U.S. Risk Management ETF | 7.72% | 8.90% | 19.45% | 0.71% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.34% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between ONOF and IBIC is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | -0.06 |
The correlation between ONOF and IBIC shifts across timeframes, from -0.20 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ONOF vs. IBIC — Risk / Return Rank
ONOF
IBIC
ONOF vs. IBIC - 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 iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
| ONOF | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -6.11 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 2.22 | -0.84 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 17.09 | -13.57 |
| Martin ratioReturn relative to average drawdown | 12.10 | 66.52 | -54.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ONOF | IBIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 4.99 | -2.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 3.48 | -2.74 |
Drawdowns
ONOF vs. IBIC - Drawdown Comparison
The maximum ONOF drawdown since its inception was -26.21%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for ONOF and IBIC.
Loading charts...
Drawdown Indicators
| ONOF | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.21% | -0.90% | -25.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -0.26% | -6.60% |
Max Drawdown (3Y)Largest decline over 3 years | -21.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.16% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -0.10% | -6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 0.07% | +1.92% |
Volatility
ONOF vs. IBIC - Volatility Comparison
Global X Adaptive U.S. Risk Management ETF (ONOF) has a higher volatility of 2.97% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.32%. This indicates that ONOF's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ONOF | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 0.32% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 0.67% | +7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 0.90% | +10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 1.58% | +12.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 1.58% | +12.75% |
ONOF vs. IBIC - Expense Ratio Comparison
ONOF has a 0.39% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
ONOF vs. IBIC - Dividend Comparison
ONOF's dividend yield for the trailing twelve months is around 1.28%, less than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% |
ONOF Global X Adaptive U.S. Risk Management ETF | 1.28% | 1.38% | 0.93% | 1.37% | 1.92% | 0.69% |
Frequently Asked Questions
ONOF and IBIC have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONOF has higher volatility (2.97%) compared to IBIC (0.32%). In terms of maximum drawdown, ONOF dropped -26.21% vs IBIC's -0.90%.
On 1-year performance, ONOF leads with 24.03% vs 4.49% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ONOF has performed better with a 24.03% return vs 4.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.39% for ONOF.
IBIC has the higher dividend yield at 3.59%, compared with 1.28% for ONOF.
ONOF is categorized as Tactical Allocation, while IBIC is Inflation-Protected Bonds. ONOF tracks Adaptive Wealth Strategies U.S. Risk Management Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.39% for ONOF and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs 2.15), 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.
Find the right allocation for ONOF and IBIC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer