ONOF vs NFXL

Comparison between GLOBAL X ADAPTIVE U.S. RISK MANAGEMENT ETF (ONOF, ETF) and DIREXION DAILY NFLX BULL 2X SHARES (NFXL, ETF).

ONOF vs NFXL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ONOF(ETF)	NFXL(ETF)
Net Assets	$144M	$144M
Expense Ratio	0.39%	N/A
Max Drawdown	26.71%	73.38%
Sharpe Ratio	1.34	-1.32
5Y Beta	0.86	1.45
P/E Ratio	28.49	N/A
Forward P/E	21.59	N/A
5Y EPS CAGR	28.40%	N/A
Debt to Equity	42.93%	N/A
P/S Ratio	3.66	N/A
P/B Ratio	5.66	N/A

Net Assets

ONOF

$144M

Winner

NFXL

$144M

Expense Ratio

ONOF

0.39%

NFXL

N/A

Max Drawdown

Winner

ONOF

26.71%

NFXL

73.38%

Sharpe Ratio

Winner

ONOF

1.34

NFXL

-1.32

5Y Beta

Winner

ONOF

0.86

NFXL

1.45

P/E Ratio

ONOF

28.49

NFXL

N/A

Forward P/E

ONOF

21.59

NFXL

N/A

5Y EPS CAGR

ONOF

28.40%

NFXL

N/A

Debt to Equity

ONOF

42.93%

NFXL

N/A

P/S Ratio

ONOF

3.66

NFXL

N/A

P/B Ratio

ONOF

5.66

NFXL

N/A

ONOF vs NFXL - Holdings Comparison

ONOF and NFXL have 0 common holdings. Overlap is 0.00%

ONOF's top 25 holdings weight is 48.53%. NFXL's top 25 holdings weight is 16.45%.

Rank	ONOF	NFXL
#1	NVIDIA CORP (NVDA) - 7.29%	NETFLIX INC (NFLX) - 16.45%
#2	APPLE INC (AAPL) - 6.51%	N/A
#3	MICROSOFT CORP (MSFT) - 4.54%	N/A
#4	AMAZON.COM INC (AMZN) - 3.56%	N/A
#5	ALPHABET INC CLASS A (GOOGL) - 3.23%	N/A
#6	ALPHABET INC CLASS C (GOOG) - 2.80%	N/A
#7	BROADCOM INC (AVGO) - 2.69%	N/A
#8	TESLA INC (TSLA) - 1.98%	N/A
#9	META PLATFORMS INC CLASS A (META) - 1.94%	N/A
#10	BNY MELLON US LARGE CAP CORE EQUITY ETF (BKLC) - 1.92%	N/A
#11	MICRON TECHNOLOGY INC (MU) - 1.56%	N/A
#12	ELI LILLY AND CO (LLY) - 1.49%	N/A
#13	JPMORGAN CHASE & CO (JPM) - 1.29%	N/A
#14	ADVANCED MICRO DEVICES INC (AMD) - 1.14%	N/A
#15	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.01%	N/A
#16	EXXON MOBIL CORP (XOM) - 0.96%	N/A
#17	JOHNSON & JOHNSON (JNJ) - 0.88%	N/A
#18	VISA INC CLASS A (V) - 0.85%	N/A
#19	WALMART INC (WMT) - 0.80%	N/A
#20	INTEL CORP (INTC) - 0.74%	N/A
#21	THERMO FISHER SCIENTIFIC INC (TMO) - 0.28%	N/A
#22	TJX COMPANIES INC (TJX) - 0.28%	N/A
#23	NEXTERA ENERGY INC (NEE) - 0.27%	N/A
#24	WESTERN DIGITAL CORP (WDC) - 0.26%	N/A
#25	AMERICAN EXPRESS CO (AXP) - 0.26%	N/A
Total Holdings	466	1

ONOF vs NFXL - Historical Returns

Returns include dividend reinvestment.

Period	ONOF	NFXL
1 month	+0.62%	-17.03%
3 months	+8.39%	-31.04%
6 months	+5.72%	-36.21%
1 year	+20.06%	-64.86%
5 years(CAGR)	+8.83%	N/A
Max(CAGR)	+10.16%	-7.20%

Winner

ONOF

+0.62%

NFXL

-17.03%

Winner

ONOF

+8.39%

NFXL

-31.04%

Winner

ONOF

+5.72%

NFXL

-36.21%

Winner

ONOF

+20.06%

NFXL

-64.86%

5Y(CAGR)

ONOF

+8.83%

NFXL

N/A

Max(CAGR)

Winner

ONOF

+10.16%

NFXL

-7.20%

ONOF vs NFXL - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	ONOF	NFXL
2026	+5.37%	-29.75%
2025	+9.04%	-10.70%
2024	+20.01%	+50.97%
2023	+11.58%	N/A
2022	-12.03%	N/A
2021	+25.19%	N/A

ONOF vs NFXL Drawdown Comparison

The maximum drawdown for ONOF was -26.21%, occurring on Jun 16, 2022. Recovery took 520 trading sessions.

The maximum drawdown for NFXL was -71.86%, occurring on Feb 23, 2026. This drawdown has not yet recovered.

The current ONOF drawdown is -2.44%. The current NFXL drawdown is -70.90%.

Rank	ONOF	NFXL
#1	-26.21% Dec 29, 2021 - Jan 25, 2024	-71.86% Jun 30, 2025 - Feb 23, 2026
#2	-21.67% Feb 19, 2025 - Sep 15, 2025	-37.56% Feb 14, 2025 - Apr 24, 2025
#3	-8.87% Jul 16, 2024 - Nov 6, 2024	-22.85% Dec 11, 2024 - Jan 22, 2025
#4	-6.86% Jan 12, 2026 - Apr 30, 2026	-12.44% Oct 10, 2024 - Oct 18, 2024
#5	-5.42% Mar 28, 2024 - May 14, 2024	-8.17% May 2, 2025 - May 15, 2025
#6	-5.40% Sep 3, 2021 - Oct 20, 2021	-8.14% Nov 21, 2024 - Dec 4, 2024
#7	-5.25% Oct 28, 2025 - Dec 11, 2025	-7.73% Jun 5, 2025 - Jun 24, 2025
#8	-5.13% Feb 12, 2021 - Mar 17, 2021	-6.17% Oct 21, 2024 - Nov 6, 2024
#9	-4.48% Jun 2, 2026 - Jun 10, 2026	-5.14% Oct 4, 2024 - Oct 8, 2024
#10	-4.41% Nov 17, 2021 - Dec 23, 2021	-4.55% Dec 6, 2024 - Dec 11, 2024
#11	-4.36% Dec 6, 2024 - Jan 22, 2025	-4.46% May 27, 2025 - Jun 2, 2025
#12	-4.27% Jan 21, 2021 - Feb 8, 2021	-3.85% Feb 10, 2025 - Feb 13, 2025
#13	-4.20% Apr 29, 2021 - Jun 4, 2021	-3.53% Nov 14, 2024 - Nov 18, 2024
#14	-2.93% Oct 8, 2025 - Oct 24, 2025	-2.79% Jan 23, 2025 - Feb 4, 2025
#15	-2.74% Jul 12, 2021 - Jul 23, 2021	-1.68% May 21, 2025 - May 27, 2025

Correlation

Correlation between ONOF and NFXL is -0.54 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.54

-101