TDSA vs. ONOF

Last updated Jun 4, 2026

TDSA (Cabana Target Drawdown 5 ETF) and ONOF (Global X Adaptive U.S. Risk Management ETF) are both Tactical Allocation funds - TDSA tracks the Actively Managed while ONOF tracks the Adaptive Wealth Strategies U.S. Risk Management Index. Both are passively managed. TDSA charges 0.83%/yr vs 0.39%/yr for ONOF.

Performance

TDSA vs. ONOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 5 ETF (TDSA) and Global X Adaptive U.S. Risk Management ETF (ONOF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDSA

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ONOF

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

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

TDSA vs. ONOF - Yearly Performance Comparison

	2026 (YTD)
TDSA Cabana Target Drawdown 5 ETF	0.00%
ONOF Global X Adaptive U.S. Risk Management ETF	6.44%

TDSA vs. ONOF - Sectors Allocation Comparison

Sectors	TDSA	ONOF
Real Estate	35.5%	1.8%
Technology	24.3%	35.6%
Consumer Cyclical	8.6%	10.1%
Industrials	6.7%	8.3%
Healthcare	6.7%	8.6%
Communication Services	6.5%	11.6%
Financial Services	4.7%	11.5%
Consumer Defensive	3.1%	4.8%
Energy	1.6%	3.6%
Basic Materials	1.2%	1.8%
Utilities	1.0%	2.3%

Return for Risk

TDSA vs. ONOF — 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.

TDSA vs. ONOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 5 ETF (TDSA) and Global X Adaptive U.S. Risk Management ETF (ONOF). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TDSA	ONOF	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	—

Drawdowns

TDSA vs. ONOF - Drawdown Comparison

The maximum TDSA drawdown since its inception was 0.00%, smaller than the maximum ONOF drawdown of -26.21%. Use the drawdown chart below to compare losses from any high point for TDSA and ONOF.

Drawdown Indicators

	TDSA	ONOF	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-26.21%	+26.21%
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	0.00%	-0.68%	+0.68%
Average Drawdown Average peak-to-trough decline	0.00%	-6.15%	+6.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.99%	—

Volatility

Volatility by Period

	TDSA	ONOF	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	0.00%	11.25%	-11.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	14.30%	-14.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	14.33%	-14.33%

TDSA vs. ONOF - Expense Ratio Comparison

TDSA has a 0.83% expense ratio, which is higher than ONOF's 0.39% expense ratio.

Dividends

TDSA vs. ONOF - Dividend Comparison

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

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%
TDSA Cabana Target Drawdown 5 ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, TDSA or ONOF?

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, TDSA or ONOF?

ONOF is cheaper with a 0.39% expense ratio, compared with 0.83% for TDSA.

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

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

What is the main difference between TDSA and ONOF?

TDSA tracks Actively Managed, while ONOF tracks Adaptive Wealth Strategies U.S. Risk Management Index. They also come from different issuers: Cabana and Global X. Their fees differ too: 0.83% for TDSA and 0.39% for ONOF.