ONOF vs. SFTX

Last updated Jun 4, 2026

ONOF (Global X Adaptive U.S. Risk Management ETF) and SFTX (Horizon International Managed Risk ETF) are both Tactical Allocation funds. ONOF is passively managed, while SFTX is actively managed. A 0.75 correlation means they provide meaningful diversification when combined. ONOF charges 0.39%/yr vs 0.82%/yr for SFTX.

Performance

ONOF vs. SFTX - 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 Horizon International Managed Risk ETF (SFTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONOF achieves a 7.32% return, which is significantly lower than SFTX's 22.26% return.

ONOF

• 1D: -0.68%
• 1M: 5.26%
• YTD: 7.32%
• 6M: 7.29%
• 1Y: 23.60%
• 3Y*: 13.72%
• 5Y*: 9.34%
• 10Y*: —

SFTX

• 1D: -0.29%
• 1M: 7.93%
• YTD: 22.26%
• 6M: 24.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ONOF vs. SFTX - Yearly Performance Comparison

	2026 (YTD)	2025
ONOF Global X Adaptive U.S. Risk Management ETF	7.32%	-0.03%
SFTX Horizon International Managed Risk ETF	22.26%	1.61%

Correlation

The correlation between ONOF and SFTX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.75

ONOF vs. SFTX - Sectors Allocation Comparison

Sectors	ONOF	SFTX
Technology	35.6%	28.2%
Communication Services	11.6%	4.5%
Financial Services	11.5%	16.2%
Consumer Cyclical	10.1%	5.9%
Healthcare	8.6%	10.1%
Industrials	8.3%	12.1%
Consumer Defensive	4.8%	3.7%
Energy	3.6%	8.0%
Utilities	2.3%	1.9%
Basic Materials	1.8%	8.6%
Real Estate	1.8%	0.9%

Return for Risk

ONOF vs. SFTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ONOF

ONOF Risk / Return Rank: 64
ONOF Sharpe Ratio Rank: 63
ONOF Sortino Ratio Rank: 61
ONOF Omega Ratio Rank: 61
ONOF Calmar Ratio Rank: 69
ONOF Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ONOF vs. SFTX - 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 Horizon International Managed Risk ETF (SFTX). 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	SFTX	Difference
Sharpe ratio: Return per unit of total volatility	2.11	—	—
Sortino ratio: Return per unit of downside risk	2.86	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	3.45	—	—
Martin ratio: Return relative to average drawdown	11.88	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ONOF	SFTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	2.57	-1.83

Drawdowns

ONOF vs. SFTX - Drawdown Comparison

The maximum ONOF drawdown since its inception was -26.21%, which is greater than SFTX's maximum drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for ONOF and SFTX.

Drawdown Indicators

	ONOF	SFTX	Difference
Max Drawdown Largest peak-to-trough decline	-26.21%	-12.75%	-13.46%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.21%	—	—
Current Drawdown Current decline from peak	-0.68%	-0.29%	-0.39%
Average Drawdown Average peak-to-trough decline	-6.15%	-2.78%	-3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	—	—

Volatility

Volatility by Period

	ONOF	SFTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.25%	21.65%	-10.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.30%	21.65%	-7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.33%	21.65%	-7.32%

ONOF vs. SFTX - Expense Ratio Comparison

ONOF has a 0.39% expense ratio, which is lower than SFTX's 0.82% expense ratio.

Dividends

ONOF vs. SFTX - Dividend Comparison

ONOF's dividend yield for the trailing twelve months is around 1.29%, more than SFTX's 0.20% yield.

Position	TTM	2025	2024	2023	2022	2021
ONOF Global X Adaptive U.S. Risk Management ETF	1.29%	1.38%	0.93%	1.37%	1.92%	0.69%
SFTX Horizon International Managed Risk ETF	0.20%	0.25%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ONOF and SFTX in my portfolio?

ONOF and SFTX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ONOF or SFTX?

On fees, ONOF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ONOF or SFTX?

ONOF is cheaper with a 0.39% expense ratio, compared with 0.82% for SFTX.

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

ONOF has the higher dividend yield at 1.29%, compared with 0.20% for SFTX.

What is the main difference between ONOF and SFTX?

They also come from different issuers: Global X and Horizon. Their fees differ too: 0.39% for ONOF and 0.82% for SFTX.