ONOF vs VOO
Global X Adaptive US Risk Management ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | ONOF | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $144M | $997.4B | |
| Dividend Yield | 1.24% | 1.08% | |
| Holdings | 505 | 509 | |
| YTD Return | +9.81% | +13.49% | |
| 1Y Return | +16.29% | +20.64% | |
| 3Y Return (annualized) | +13.25% | +21.93% | |
| 5Y Return (annualized) | +8.27% | +12.95% | |
| Volatility (annualized) | 14.1% | 14.1% | |
| Max Drawdown | -26.2% | -34.3% | |
| Fund Family | Global X by mirae Asset | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 12, 2021 | Sep 7, 2010 |
ONOF vs VOO Performance
Global X Adaptive US Risk Management ETF (ONOF) is a ETF from Global X by mirae Asset and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year ONOF returned +16.29% while VOO returned +20.64%. Year to date, ONOF is up 9.81% versus a gain of 13.49% for VOO.
Over three years, ONOF compounded at +13.25% per year against +21.93% for VOO; over five years the annualized figures are +8.27% and +12.95% respectively. Across the full 6-year window we track, VOO has the edge at +13.51% annualized vs +10.57%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 14.1% for ONOF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -26.2% for ONOF and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ONOF charges 0.39% per year while VOO charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, ONOF currently yields 1.24% against 1.08% for VOO.
Holdings Overlap
ONOF and VOO share 400 holdings out of 600 unique holdings combined, representing a 89.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, ONOF or VOO?
ONOF has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, ONOF or VOO?
Over the past year ONOF returned +16.29% vs +20.64% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), ONOF annualized +10.57% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, ONOF or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 14.1% for ONOF. Worst drawdown: ONOF -26.2% vs VOO -34.3%.
Should I hold both ONOF and VOO?
ONOF and VOO have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ONOF and VOO?
ONOF and VOO share 400 common holdings with a 89.0% weight overlap. Combined, they hold 600 unique securities.
Which pays a higher dividend, ONOF or VOO?
ONOF yields 1.24% while VOO yields 1.08%, so ONOF currently pays the higher dividend yield.
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