ONOF vs. RHTX

Last updated Aug 4, 2026

ONOF (Global X Adaptive U.S. Risk Management ETF) and RHTX (RH Tactical Outlook ETF) are both Tactical Allocation funds. ONOF is passively managed, while RHTX is actively managed. Over the past 3 years, ONOF returned 12.20%/yr vs 13.47%/yr for RHTX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. ONOF charges 0.39%/yr vs 1.38%/yr for RHTX.

Performance

ONOF vs. RHTX - 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 RH Tactical Outlook ETF (RHTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONOF achieves a 7.89% return, which is significantly higher than RHTX's 6.22% return.

ONOF

• 1D: 1.45%
• 1M: 1.64%
• 6M: 6.14%
• YTD: 7.89%
• 1Y: 18.70%
• 3Y*: 12.20%
• 5Y*: 8.38%
• 10Y*: —
• ALL TIME*: 10.36%

RHTX

• 1D: 1.59%
• 1M: 0.18%
• 6M: 2.11%
• YTD: 6.22%
• 1Y: 18.61%
• 3Y*: 13.47%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.75%

*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)
ONOF Global X Adaptive U.S. Risk Management ETF	$551.81K	$367.84K	$523.88K
RHTX RH Tactical Outlook ETF	$32.14K	$23.27K	$11.48K

ONOF vs. RHTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ONOF Global X Adaptive U.S. Risk Management ETF	7.89%	8.90%	19.45%	11.57%	-11.89%	1.68%
RHTX RH Tactical Outlook ETF	6.22%	15.42%	18.27%	7.02%	-19.72%	-0.03%

Correlation

The correlation between ONOF and RHTX is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (All Time) Calculated using the full available price history since Nov 8, 2021	0.75

The correlation between ONOF and RHTX has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.

Return for Risk

ONOF vs. RHTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ONOF

ONOF Risk / Return Rank: 65
ONOF Sharpe Ratio Rank: 63
ONOF Sortino Ratio Rank: 60
ONOF Omega Ratio Rank: 60
ONOF Calmar Ratio Rank: 75
ONOF Martin Ratio Rank: 67

RHTX

RHTX Risk / Return Rank: 41
RHTX Sharpe Ratio Rank: 43
RHTX Sortino Ratio Rank: 39
RHTX Omega Ratio Rank: 42
RHTX Calmar Ratio Rank: 38
RHTX Martin Ratio Rank: 41

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ONOF vs. RHTX - 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 RH Tactical Outlook ETF (RHTX). 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	RHTX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.18	+0.36
Sortino ratio: Return per unit of downside risk	2.12	1.59	+0.53
Omega ratio: Gain probability vs. loss probability	1.27	1.22	+0.05
Calmar ratio: Return relative to maximum drawdown	2.74	1.46	+1.27
Martin ratio: Return relative to average drawdown	8.61	4.72	+3.89

ONOF vs. RHTX - Sharpe Ratio Comparison

The current ONOF Sharpe Ratio is 1.53, which is higher than the RHTX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of ONOF and RHTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ONOF vs. RHTX - Drawdown Comparison

The maximum ONOF drawdown since its inception was -26.21%, which is greater than RHTX's maximum drawdown of -24.68%. Use the drawdown chart below to compare losses from any high point for ONOF and RHTX.

Drawdown Indicators

	ONOF	RHTX	Difference
Max Drawdown Largest peak-to-trough decline	-26.21%	-24.68%	-1.53%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-12.77%	+5.91%
Max Drawdown (3Y) Largest decline over 3 years	-21.67%	-18.73%	-2.94%
Max Drawdown (5Y) Largest decline over 5 years	-26.21%	—	—
Current Drawdown Current decline from peak	-0.16%	-3.54%	+3.38%
Average Drawdown Average peak-to-trough decline	-6.03%	-9.42%	+3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	3.95%	-1.77%

Volatility

ONOF vs. RHTX - Volatility Comparison

Global X Adaptive U.S. Risk Management ETF (ONOF) and RH Tactical Outlook ETF (RHTX) have volatilities of 3.89% and 3.83%, 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.

Volatility by Period

	ONOF	RHTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	3.83%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	12.04%	-2.78%
Volatility (1Y) Calculated over the trailing 1-year period	12.26%	15.91%	-3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.44%	17.94%	-3.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.35%	17.94%	-3.59%

ONOF vs. RHTX - Expense Ratio Comparison

ONOF has a 0.39% expense ratio, which is lower than RHTX's 1.38% expense ratio.

Dividends

ONOF vs. RHTX - Dividend Comparison

ONOF's dividend yield for the trailing twelve months is around 1.22%, while RHTX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
ONOF Global X Adaptive U.S. Risk Management ETF	1.22%	1.38%	0.93%	1.37%	1.92%	0.69%
RHTX RH Tactical Outlook ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ONOF and RHTX in my portfolio?

ONOF and RHTX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ONOF or RHTX?

ONOF has higher volatility (3.89%) compared to RHTX (3.83%). In terms of maximum drawdown, ONOF dropped -26.21% vs RHTX's -24.68%.

Which ETF is better, ONOF or RHTX?

On 3-year performance, RHTX leads with 13.47% vs 12.20% for ONOF. On fees, ONOF is cheaper at 0.39% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ONOF or RHTX?

Over the 3-year period, RHTX has performed better with a 13.47% return vs 12.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ONOF or RHTX?

ONOF is cheaper with a 0.39% expense ratio, compared with 1.38% for RHTX.

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

ONOF has the higher dividend yield at 1.22%, compared with 0.00% for RHTX.

What is the main difference between ONOF and RHTX?

They also come from different issuers: Global X and Adaptive. Their fees differ too: 0.39% for ONOF and 1.38% for RHTX.

Which has better risk-adjusted returns?

ONOF currently has the higher Sharpe Ratio (1.53 vs 1.18), 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.