NCLO vs ONOF
Comparison between NUVEEN AA-BBB CLO ETF (NCLO, ETF) and GLOBAL X ADAPTIVE U.S. RISK MANAGEMENT ETF (ONOF, ETF).
NCLO vs ONOF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NCLO
$148M
ONOF
$148M
Expense Ratio
Winner
NCLO
0.26%
ONOF
0.39%
Max Drawdown
Winner
NCLO
3.71%
ONOF
26.71%
Sharpe Ratio
NCLO
0.58
Winner
ONOF
1.39
5Y Beta
Winner
NCLO
0.05
ONOF
0.86
P/E Ratio
NCLO
N/A
ONOF
29.58
Forward P/E
NCLO
N/A
ONOF
22.35
5Y EPS CAGR
NCLO
N/A
ONOF
26.00%
Debt to Equity
NCLO
N/A
ONOF
34.03%
P/S Ratio
NCLO
N/A
ONOF
3.84
P/B Ratio
NCLO
N/A
ONOF
5.78
NCLO vs ONOF - Historical Returns
Returns include dividend reinvestment.
1M
NCLO
+0.91%
Winner
ONOF
+2.09%
3M
NCLO
+3.93%
Winner
ONOF
+5.33%
6M
NCLO
+2.47%
Winner
ONOF
+4.66%
1Y
NCLO
+5.79%
Winner
ONOF
+21.60%
5Y(CAGR)
NCLO
N/A
ONOF
+8.85%
Max(CAGR)
NCLO
+5.78%
Winner
ONOF
+10.10%
NCLO vs ONOF - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | NCLO | ONOF |
|---|---|---|
| 2026 | +2.08% | +4.89% |
| 2025 | +6.24% | +9.04% |
| 2024 | +0.35% | +20.01% |
| 2023 | N/A | +11.58% |
| 2022 | N/A | -12.03% |
| 2021 | N/A | +25.19% |
NCLO vs ONOF Drawdown Comparison
The maximum drawdown for NCLO was -3.05%, occurring on Mar 4, 2026. Recovery took 42 trading sessions.
The maximum drawdown for ONOF was -26.21%, occurring on Jun 16, 2022. Recovery took 520 trading sessions.
The current NCLO drawdown is -0.41%. The current ONOF drawdown is -2.88%.
| Rank | NCLO | ONOF |
|---|---|---|
| #1 | -3.05% Feb 3, 2026 - Apr 6, 2026 | -26.21% Dec 29, 2021 - Jan 25, 2024 |
| #2 | -1.43% Mar 31, 2025 - Apr 24, 2025 | -21.67% Feb 19, 2025 - Sep 15, 2025 |
| #3 | -0.64% Apr 25, 2025 - May 2, 2025 | -8.87% Jul 16, 2024 - Nov 6, 2024 |
| #4 | -0.56% May 19, 2025 - Jun 6, 2025 | -6.86% Jan 12, 2026 - Apr 30, 2026 |
| #5 | -0.52% May 28, 2026 - May 29, 2026 | -5.42% Mar 28, 2024 - May 14, 2024 |
| #6 | -0.48% May 1, 2026 - May 6, 2026 | -5.40% Sep 3, 2021 - Oct 20, 2021 |
| #7 | -0.47% May 2, 2025 - May 8, 2025 | -5.25% Oct 28, 2025 - Dec 11, 2025 |
| #8 | -0.37% Apr 6, 2026 - Apr 22, 2026 | -5.13% Feb 12, 2021 - Mar 17, 2021 |
| #9 | -0.36% Jun 6, 2025 - Jun 24, 2025 | -4.41% Nov 17, 2021 - Dec 23, 2021 |
| #10 | -0.35% Mar 7, 2025 - Mar 31, 2025 | -4.36% Dec 6, 2024 - Jan 22, 2025 |
| #11 | -0.28% Oct 8, 2025 - Oct 13, 2025 | -4.27% Jan 21, 2021 - Feb 8, 2021 |
| #12 | -0.26% Oct 13, 2025 - Oct 20, 2025 | -4.20% Apr 29, 2021 - Jun 4, 2021 |
| #13 | -0.25% Oct 20, 2025 - Oct 30, 2025 | -2.93% Oct 8, 2025 - Oct 24, 2025 |
| #14 | -0.25% May 8, 2025 - May 12, 2025 | -2.88% Jun 2, 2026 - Jun 5, 2026 |
| #15 | -0.24% Dec 11, 2025 - Dec 18, 2025 | -2.74% Jul 12, 2021 - Jul 23, 2021 |
Correlation
Correlation between NCLO and ONOF is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
0.84
-101
Dividend Comparison (2021 - 2026)
NCLO vs ONOF dividend yield comparison.
| Year | NCLO | ONOF |
|---|---|---|
| 2026 | 2.18% | 0.00% |
| 2025 | 6.09% | 1.38% |
| 2024 | 0.35% | 0.93% |
| 2023 | 0.00% | 1.37% |
| 2022 | 0.00% | 1.92% |
| 2021 | 0.00% | 0.69% |
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