Correlation
The correlation between ONOF and PTLC is 0.82, 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.
ONOF vs. PTLC
Compare and contrast key facts about Global X Adaptive U.S. Risk Management ETF (ONOF) and Pacer Trendpilot US Large Cap ETF (PTLC).
ONOF and PTLC 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. PTLC is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer Trendpilot U.S. Large Cap Index. It was launched on Jun 11, 2015. Both ONOF and PTLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONOF or PTLC.
Performance
ONOF vs. PTLC - Performance Comparison
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Key characteristics
ONOF:
0.06
PTLC:
0.15
ONOF:
0.13
PTLC:
0.15
ONOF:
1.02
PTLC:
1.02
ONOF:
0.00
PTLC:
0.04
ONOF:
0.00
PTLC:
0.11
ONOF:
7.28%
PTLC:
5.99%
ONOF:
18.77%
PTLC:
13.51%
ONOF:
-26.21%
PTLC:
-26.63%
ONOF:
-10.93%
PTLC:
-13.60%
Returns By Period
In the year-to-date period, ONOF achieves a -6.59% return, which is significantly higher than PTLC's -9.62% return.
ONOF
-6.59%
6.21%
-8.93%
1.08%
9.15%
N/A
N/A
PTLC
-9.62%
-0.80%
-11.82%
1.98%
9.87%
13.47%
N/A
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ONOF vs. PTLC - Expense Ratio Comparison
ONOF has a 0.39% expense ratio, which is lower than PTLC's 0.60% expense ratio.
Risk-Adjusted Performance
ONOF vs. PTLC — Risk-Adjusted Performance Rank
ONOF
PTLC
ONOF vs. PTLC - Risk-Adjusted Performance 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.
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Dividends
ONOF vs. PTLC - Dividend Comparison
ONOF's dividend yield for the trailing twelve months is around 1.00%, more than PTLC's 0.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ONOF Global X Adaptive U.S. Risk Management ETF | 1.00% | 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 | 0.74% | 0.67% | 1.18% | 1.26% | 0.73% | 1.08% | 1.10% | 1.00% | 0.97% | 1.08% | 0.43% |
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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Volatility
ONOF vs. PTLC - Volatility Comparison
Global X Adaptive U.S. Risk Management ETF (ONOF) has a higher volatility of 4.78% compared to Pacer Trendpilot US Large Cap ETF (PTLC) at 2.97%. This indicates that ONOF's price experiences larger fluctuations and is considered to be riskier than PTLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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