Global X Adaptive U.S. Risk Management ETF (ONOF) Performance
ONOF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.4% since Dec 31, 2025
- 1 year
- +10.1% total return
- 5 years
- +7.8% a year
- Since first price
- +10.0% a year since 2021
ONOF trailing returns vs SPY, QQQ, AGG
| Period | ONOF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.2% | +3.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.7% | +7.3% | +7.8% | +8.4% | −1.5% |
| YTD | +8.4% | +7.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.1% | +8.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +49.9%+14.4%/yr | +44.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +45.3%+7.8%/yr | +36.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJan 13, 2021 | +73.3%+10.0%/yr | +61.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ONOF vs SPY
From Jan 13, 2021: ONOF grew to $17,328, SPY to $21,604.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ONOF returns by calendar year
3 of 4 full years positive. Best 2024 (+19.5%), worst 2022 (−11.9%). 2026 is year to date.
ONOF annual returns table
| Year | ONOF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.4% | −6.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.9% | −21.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +19.5% | −8.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.6% | −10.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.9% | −25.8% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ONOF largest drawdowns
Now 2.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 29, 2021 | −26.2% | Jun 16, 2022 | Jan 25, 2024 | 6 months | 2.1 years |
| Feb 19, 2025 | −21.7% | Apr 8, 2025 | Sep 15, 2025 | 48 days | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ONOF risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +14.1% | +9.0% | +10.8% |
| Volatility (annualized) | 12.1% | 14.4% | 14.0% |
| Sharpe ratio | 0.80 | 0.43 | 0.58 |
| Sortino ratio | 1.26 | 0.61 | 0.85 |
| Best month | +6.2% | +8.1% | +8.1% |
| Worst month | −8.7% | −10.8% | −10.8% |
| Best 12 months | +28.0% | +28.8% | +28.8% |
| Worst 12 months | −1.1% | −12.5% | −16.3% |
| Positive months | 58% | 57% | 60% |
| Beta vs S&P 500 | 0.86 | 0.77 | — |
| Correlation with S&P 500 | 0.89 | 0.84 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ONOF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 58 | −16.3% | +9.5% | +28.8% | 81% |
| 3-year (a year) | 34 | +5.5% | +11.1% | +15.4% | 100% |
| 5-year (a year) | 10 | +7.5% | +8.6% | +10.6% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
ONOF performance overview
Global X Adaptive U.S. Risk Management ETF (ONOF) returned +10.1% over the past year and +7.8% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +10.0% a year, turning $10,000 into about $17,328. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −26.2%, from Dec 29, 2021 to Jun 16, 2022, and it took 1.6 years to get back to the old high. ONOF finished 3 of its 4 full calendar years with a gain; the best year was 2024 (+19.5%) and the worst 2022 (−11.9%). Volatility has been 14.0% a year.
Related: ONOF chart, ONOF holdings, ONOF dividends, ONOF valuation. See the ONOF overview for the latest quote and fund facts.
ONOF performance FAQ
What is the ONOF return over the past year?
ONOF returned +10.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.7%.
What is the average annual return of ONOF?
ONOF has returned +7.8% a year over 5 years, +10.0% a year since January 13, 2021 (total return, distributions reinvested).
How much would $10,000 invested in ONOF be worth?
$10,000 invested in ONOF at its first recorded close on January 13, 2021 would be worth about $17,328 on October 23, 2026 with distributions reinvested.
What was the worst year for ONOF?
The worst calendar year was 2022, with a total return of −11.9%. The best was 2024 at +19.5%.
What is the biggest drawdown of ONOF?
The largest peak-to-trough decline was −26.2% between December 29, 2021 and June 16, 2022. It recovered to the old high on January 25, 2024, 1.6 years after the bottom.
How volatile is ONOF?
Over the past 3 years ONOF had an annualized volatility of 12.1% and a Sharpe ratio of 0.80 (excess return over 1–3 month T-bills per unit of risk).