ONOF vs. WIMA

Last updated Jun 4, 2026

ONOF (Global X Adaptive U.S. Risk Management ETF) and WIMA (WisdomTree International Adaptive Moving Average Fund) are both Tactical Allocation funds - ONOF tracks the Adaptive Wealth Strategies U.S. Risk Management Index while WIMA tracks the WisdomTree International Adaptive Moving Average Index. Both are passively managed. A 0.75 correlation means they provide meaningful diversification when combined. ONOF charges 0.39%/yr vs 0.42%/yr for WIMA.

Performance

ONOF vs. WIMA - 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 WisdomTree International Adaptive Moving Average Fund (WIMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ONOF

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

WIMA

• 1D: -0.77%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ONOF vs. WIMA - Yearly Performance Comparison

	2026 (YTD)
ONOF Global X Adaptive U.S. Risk Management ETF	2.84%
WIMA WisdomTree International Adaptive Moving Average Fund	-0.12%

Correlation

The correlation between ONOF and WIMA 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 May 7, 2026	0.75

Return for Risk

ONOF vs. WIMA — 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. WIMA - 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 WisdomTree International Adaptive Moving Average Fund (WIMA). 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	WIMA	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	WIMA	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	-0.12	+0.86

Drawdowns

ONOF vs. WIMA - Drawdown Comparison

The maximum ONOF drawdown since its inception was -26.21%, which is greater than WIMA's maximum drawdown of -2.75%. Use the drawdown chart below to compare losses from any high point for ONOF and WIMA.

Drawdown Indicators

	ONOF	WIMA	Difference
Max Drawdown Largest peak-to-trough decline	-26.21%	-2.75%	-23.46%
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%	-0.77%	+0.09%
Average Drawdown Average peak-to-trough decline	-6.15%	-0.95%	-5.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	—	—

Volatility

Volatility by Period

	ONOF	WIMA	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%	13.54%	-2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.30%	13.54%	+0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.33%	13.54%	+0.79%

ONOF vs. WIMA - Expense Ratio Comparison

ONOF has a 0.39% expense ratio, which is lower than WIMA's 0.42% expense ratio.

Dividends

ONOF vs. WIMA - Dividend Comparison

ONOF's dividend yield for the trailing twelve months is around 1.29%, while WIMA has not paid dividends to shareholders.

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%
WIMA WisdomTree International Adaptive Moving Average Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ONOF and WIMA in my portfolio?

ONOF and WIMA 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 WIMA?

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 WIMA?

ONOF is cheaper with a 0.39% expense ratio, compared with 0.42% for WIMA.

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

ONOF has the higher dividend yield at 1.29%, compared with 0.00% for WIMA.

What is the main difference between ONOF and WIMA?

ONOF tracks Adaptive Wealth Strategies U.S. Risk Management Index, while WIMA tracks WisdomTree International Adaptive Moving Average Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.39% for ONOF and 0.42% for WIMA.