Key stats
About Global X Adaptive U.S. Risk Management ETF
Expense ratio
0.40%
Home page
Inception date
Jan 12, 2021
ONOF is a passively-managed portfolio that provides exposure to 500 US large-cap equities during normal market conditions or switches to 1-3 year US Treasurys during adverse market conditions. The index is based on historical data from two short-term indicators: Moving Average Convergence Divergence (MACD) and the level of the CBOE Volatility Index (VIX), as well as two long-term indicators: 200-day Simple Moving Average (SMA) and market drawdown percentage. Each signal is given an equal weighting in determining the posture of the portfolio. The trigger threshold for each signal is based on a predetermined Z-score. If the portfolio is in equities, it takes three negative indicators to switch the exposure to Treasuries. Once in Treasuries, it takes two positive indicators to switch to equities, thus, creating a higher hurtle to get out of the market than it is to enter. Based on the strategy, turnover in the portfolio should be higher than a buy-and-hold approach.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Finance
Stocks99.78%
Technology Services21.63%
Electronic Technology17.84%
Finance12.26%
Health Technology9.14%
Retail Trade8.04%
Consumer Non-Durables4.39%
Producer Manufacturing3.89%
Energy Minerals3.42%
Consumer Services3.22%
Commercial Services2.84%
Utilities2.24%
Health Services2.15%
Process Industries1.72%
Transportation1.71%
Consumer Durables1.65%
Industrial Services1.08%
Distribution Services1.00%
Communications0.83%
Non-Energy Minerals0.71%
Bonds, Cash & Other0.22%
ETF0.12%
Cash0.10%