ETF Evaluator: Global X Adaptive US Risk Management ETF () Follow This ETF

Global X Adaptive US Risk Management ETF Overview

Global X Adaptive US Risk Management ETF (ONOF) is a passively managed Allocation Tactical Allocation exchange-traded fund (ETF). Global X Funds launched the ETF in 2021.

The investment seeks investment results that correspond generally to the price and yield performance of the Adaptive Wealth Strategies U.S. Risk Management Index. The fund invests at least 80% of its total assets in the securities of the index or in investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities, either individually or in the aggregate. The underlying index is designed to dynamically allocate between either 100% exposure to the Solactive GBS United States 500 Index or 100% exposure to the Solactive 1-3 month U.S. T-Bill Index. It is non-diversified.

About Global X Adaptive US Risk Management ETF (ONOF)

There are 2 members of the management team with an average tenure of 4.94 years: Nam To (2021) and Sandy Lu (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Adaptive Wealth Strategies U.S. RM USD index with a weighting of 100%. Global X Adaptive US Risk Management ETF has 508 securities in its portfolio. The top 10 holdings constitute 36.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Global X Adaptive US Risk Management ETF is part of the Allocation global asset class and is within the Allocation ETF group. Global X Adaptive US Risk Management ETF has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.2% There is 0.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Global X Adaptive US Risk Management ETF has 0.1% of the portfolio in cash.

Assets Under Management

The fund has $137 million in total assets, which is below the $144 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

ONOF Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Global X Adaptive US Risk Management ETF expense ratio is below average compared to funds in the Tactical Allocation category. Global X Adaptive US Risk Management ETF has an expense ratio of 0.39%, which is 60% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Global X Adaptive US Risk Management ETF has a portfolio turnover rate of 364%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 261% for the Tactical Allocation category.

Recently, in the month of July 2026, Global X Adaptive US Risk Management ETF returned -0.3%, which earned it a grade of B, as the Tactical Allocation category had an average return of -1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Global X Adaptive US Risk Management ETF has a trailing yield of 1.24%, which is below the 2.15% category average. The fund normally distributes its income semi-annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Global X Adaptive US Risk Management ETF Grades

Year to date, the ETF has returned 6.3%, 1.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 15.0% over the past year (grade of C), 10.7% over the past three years (grade of C) and 8.1% per year over the past five years (grade of A).

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