ONOF vs. TDSC

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Adaptive U.S. Risk Management ETF (ONOF) and Cabana Target Drawdown 10 ETF (TDSC).

ONOF and TDSC 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. TDSC is an actively managed fund by Exchange Traded Concepts. It was launched on Sep 16, 2020.

Performance

ONOF vs. TDSC - 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 Cabana Target Drawdown 10 ETF (TDSC). The values are adjusted to include any dividend payments, if applicable.

ONOF vs. TDSC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ONOF Global X Adaptive U.S. Risk Management ETF	-3.65%	8.90%	19.45%	11.57%	-11.89%	25.18%
TDSC Cabana Target Drawdown 10 ETF	3.26%	6.56%	7.10%	7.63%	-19.67%	14.16%

Returns By Period

In the year-to-date period, ONOF achieves a -3.65% return, which is significantly lower than TDSC's 3.26% return.

ONOF

• 1D: 0.03%
• 1M: -3.91%
• YTD: -3.65%
• 6M: -1.67%
• 1Y: 13.14%
• 3Y*: 11.43%
• 5Y*: 8.09%
• 10Y*: —

TDSC

• 1D: 0.16%
• 1M: -3.57%
• YTD: 3.26%
• 6M: 4.32%
• 1Y: 6.74%
• 3Y*: 8.32%
• 5Y*: 2.55%
• 10Y*: —

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

ONOF vs. TDSC - Expense Ratio Comparison

ONOF has a 0.39% expense ratio, which is lower than TDSC's 0.69% expense ratio.

TDSC

Cabana Target Drawdown 10 ETF

ONOF

Global X Adaptive U.S. Risk Management ETF

Return for Risk

ONOF vs. TDSC — Risk / Return Rank

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

ONOF

ONOF Risk / Return Rank: 42
ONOF Sharpe Ratio Rank: 38
ONOF Sortino Ratio Rank: 40
ONOF Omega Ratio Rank: 46
ONOF Calmar Ratio Rank: 39
ONOF Martin Ratio Rank: 46

TDSC

TDSC Risk / Return Rank: 26
TDSC Sharpe Ratio Rank: 27
TDSC Sortino Ratio Rank: 24
TDSC Omega Ratio Rank: 27
TDSC Calmar Ratio Rank: 24
TDSC Martin Ratio Rank: 25

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. TDSC - 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 Cabana Target Drawdown 10 ETF (TDSC). 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	TDSC	Difference
Sharpe ratio Return per unit of total volatility	0.76	0.55	+0.22
Sortino ratio Return per unit of downside risk	1.20	0.75	+0.44
Omega ratio Gain probability vs. loss probability	1.19	1.12	+0.07
Calmar ratio Return relative to maximum drawdown	1.11	0.60	+0.51
Martin ratio Return relative to average drawdown	4.73	2.15	+2.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ONOF vs. TDSC - Sharpe Ratio Comparison

The current ONOF Sharpe Ratio is 0.76, which is higher than the TDSC Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of ONOF and TDSC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ONOF	TDSC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	0.55	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.25	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.28	+0.32

Correlation

The correlation between ONOF and TDSC is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ONOF vs. TDSC - Dividend Comparison

ONOF's dividend yield for the trailing twelve months is around 1.43%, less than TDSC's 2.16% yield.

	TTM	2025	2024	2023	2022	2021	2020
ONOF Global X Adaptive U.S. Risk Management ETF	1.43%	1.38%	0.93%	1.37%	1.92%	0.69%	0.00%
TDSC Cabana Target Drawdown 10 ETF	2.16%	2.92%	2.06%	2.06%	1.76%	1.11%	0.54%

Drawdowns

ONOF vs. TDSC - Drawdown Comparison

The maximum ONOF drawdown since its inception was -26.21%, which is greater than TDSC's maximum drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for ONOF and TDSC.

Drawdown Indicators

	ONOF	TDSC	Difference
Max Drawdown Largest peak-to-trough decline	-26.21%	-21.51%	-4.70%
Max Drawdown (1Y) Largest decline over 1 year	-12.17%	-12.13%	-0.04%
Max Drawdown (5Y) Largest decline over 5 years	-26.21%	-21.51%	-4.70%
Current Drawdown Current decline from peak	-5.41%	-3.57%	-1.84%
Average Drawdown Average peak-to-trough decline	-6.31%	-9.65%	+3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	3.40%	-0.55%

Volatility

ONOF vs. TDSC - Volatility Comparison

Global X Adaptive U.S. Risk Management ETF (ONOF) and Cabana Target Drawdown 10 ETF (TDSC) have volatilities of 3.65% and 3.50%, 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	TDSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	3.50%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	7.10%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	17.32%	12.43%	+4.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.35%	10.31%	+4.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.45%	10.29%	+4.16%