ONOF vs. PTLC
ONOF (Global X Adaptive U.S. Risk Management ETF) and PTLC (Pacer Trendpilot US Large Cap ETF) are both exchange-traded funds - ONOF is a Tactical Allocation fund tracking the Adaptive Wealth Strategies U.S. Risk Management Index, while PTLC is a Large Cap Blend Equities fund tracking the Pacer Trendpilot U.S. Large Cap Index. Both are passively managed. Over the past 5 years, ONOF returned 9.14%/yr vs 10.63%/yr for PTLC. Their correlation of 0.84 suggests significant overlap in exposure. ONOF charges 0.39%/yr vs 0.60%/yr for PTLC.
Performance
ONOF vs. PTLC - Performance Comparison
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Returns By Period
In the year-to-date period, ONOF achieves a 6.71% return, which is significantly higher than PTLC's 4.95% return.
ONOF
- 1D
- -0.47%
- 1M
- 1.73%
- YTD
- 6.71%
- 6M
- 7.60%
- 1Y
- 21.65%
- 3Y*
- 12.41%
- 5Y*
- 9.14%
- 10Y*
- —
PTLC
- 1D
- -0.65%
- 1M
- 1.46%
- YTD
- 4.95%
- 6M
- 5.69%
- 1Y
- 19.49%
- 3Y*
- 13.61%
- 5Y*
- 10.63%
- 10Y*
- 11.35%
ONOF vs. PTLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ONOF Global X Adaptive U.S. Risk Management ETF | 6.71% | 8.90% | 19.45% | 11.57% | -11.89% | 25.33% |
PTLC Pacer Trendpilot US Large Cap ETF | 4.95% | 5.10% | 24.31% | 16.78% | -8.62% | 26.21% |
Correlation
The correlation between ONOF and PTLC is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | 0.84 |
The correlation between ONOF and PTLC shifts across timeframes, from 0.82 (5 years) to 0.97 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ONOF vs. PTLC — Risk / Return Rank
ONOF
PTLC
ONOF vs. PTLC - 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 Pacer Trendpilot US Large Cap ETF (PTLC). 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 | PTLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 2.23 | +0.94 |
| Martin ratioReturn relative to average drawdown | 10.59 | 8.64 | +1.95 |
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Drawdowns
ONOF vs. PTLC - Drawdown Comparison
The maximum ONOF drawdown since its inception was -26.21%, roughly equal to the maximum PTLC drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for ONOF and PTLC.
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Drawdown Indicators
| ONOF | PTLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.21% | -26.63% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -8.77% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -21.67% | -15.17% | -6.50% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -15.17% | -11.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.63% | — |
Current DrawdownCurrent decline from peak | -1.25% | -1.29% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -5.63% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.26% | -0.21% |
Volatility
ONOF vs. PTLC - Volatility Comparison
Global X Adaptive U.S. Risk Management ETF (ONOF) and Pacer Trendpilot US Large Cap ETF (PTLC) have volatilities of 4.36% and 4.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONOF | PTLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.53% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.73% | 9.01% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 11.83% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 11.86% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 13.22% | +1.16% |
ONOF vs. PTLC - Expense Ratio Comparison
ONOF has a 0.39% expense ratio, which is lower than PTLC's 0.60% expense ratio.
Dividends
ONOF vs. PTLC - Dividend Comparison
ONOF's dividend yield for the trailing twelve months is around 1.29%, more than PTLC's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONOF Global X Adaptive U.S. Risk Management ETF | 1.29% | 1.38% | 0.93% | 1.37% | 1.92% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PTLC Pacer Trendpilot US Large Cap ETF | 1.01% | 1.06% | 0.67% | 1.18% | 1.26% | 0.73% | 1.08% | 1.10% | 1.00% | 0.97% | 1.08% | 0.42% |
Frequently Asked Questions
With a correlation of 0.97, ONOF and PTLC 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.
PTLC has higher volatility (4.53%) compared to ONOF (4.36%). In terms of maximum drawdown, ONOF dropped -26.21% vs PTLC's -26.63%.
On 5-year performance, PTLC leads with 10.63% vs 9.14% for ONOF. On fees, ONOF is cheaper at 0.39% per year. On volatility, ONOF has been the lower-risk option at 4.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PTLC has performed better with a 10.63% return vs 9.14%. 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 0.60% for PTLC.
ONOF has the higher dividend yield at 1.29%, compared with 1.01% for PTLC.
ONOF is categorized as Tactical Allocation, while PTLC is Large Cap Blend Equities. ONOF tracks Adaptive Wealth Strategies U.S. Risk Management Index, while PTLC tracks Pacer Trendpilot U.S. Large Cap Index. They also come from different issuers: Global X and Pacer. Their fees differ too: 0.39% for ONOF and 0.60% for PTLC.
ONOF currently has the higher Sharpe Ratio (1.86 vs 1.66), 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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