ONOF vs. MTUM
Compare and contrast key facts about Global X Adaptive U.S. Risk Management ETF (ONOF) and iShares MSCI USA Momentum Factor ETF (MTUM).
ONOF and MTUM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ONOF is a passively managed fund by Global X that tracks the performance of the Adaptive Wealth Strategies U.S. Risk Management Index. It was launched on Jan 12, 2021. MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum SR Variant Index. It was launched on Apr 16, 2013. Both ONOF and MTUM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ONOF vs. MTUM - Performance Comparison
Loading graphics...
ONOF vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ONOF Global X Adaptive U.S. Risk Management ETF | -3.68% | 8.90% | 19.45% | 11.57% | -11.89% | 25.18% |
MTUM iShares MSCI USA Momentum Factor ETF | -4.04% | 22.15% | 32.89% | 9.15% | -18.27% | 9.18% |
Returns By Period
In the year-to-date period, ONOF achieves a -3.68% return, which is significantly higher than MTUM's -4.04% return.
ONOF
- 1D
- 0.17%
- 1M
- -3.82%
- YTD
- -3.68%
- 6M
- -1.38%
- 1Y
- 13.45%
- 3Y*
- 11.42%
- 5Y*
- 8.09%
- 10Y*
- —
MTUM
- 1D
- 4.00%
- 1M
- -5.04%
- YTD
- -4.04%
- 6M
- -6.08%
- 1Y
- 19.69%
- 3Y*
- 21.05%
- 5Y*
- 9.22%
- 10Y*
- 13.84%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ONOF vs. MTUM - Expense Ratio Comparison
ONOF has a 0.39% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Return for Risk
ONOF vs. MTUM — Risk / Return Rank
ONOF
MTUM
ONOF vs. MTUM - 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 MSCI USA Momentum Factor ETF (MTUM). 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 | MTUM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 0.86 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.32 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.67 | -0.52 |
Martin ratioReturn relative to average drawdown | 4.95 | 6.31 | -1.36 |
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 graphics...
Sharpe Ratios by Period
| ONOF | MTUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.86 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.45 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.72 | -0.12 |
Correlation
The correlation between ONOF and MTUM is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ONOF vs. MTUM - Dividend Comparison
ONOF's dividend yield for the trailing twelve months is around 1.43%, more than MTUM's 0.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONOF Global X Adaptive U.S. Risk Management ETF | 1.43% | 1.38% | 0.93% | 1.37% | 1.92% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MTUM iShares MSCI USA Momentum Factor ETF | 0.82% | 0.91% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% |
Drawdowns
ONOF vs. MTUM - Drawdown Comparison
The maximum ONOF drawdown since its inception was -26.21%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for ONOF and MTUM.
Loading graphics...
Drawdown Indicators
| ONOF | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.21% | -34.08% | +7.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -12.26% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -32.28% | +6.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.08% | — |
Current DrawdownCurrent decline from peak | -5.44% | -8.01% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -6.28% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 3.24% | -0.41% |
Volatility
ONOF vs. MTUM - Volatility Comparison
The current volatility for Global X Adaptive U.S. Risk Management ETF (ONOF) is 3.73%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 8.55%. This indicates that ONOF experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ONOF | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 8.55% | -4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 14.58% | -5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 22.93% | -5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 20.38% | -6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 20.82% | -6.37% |