ONOF vs VFL

Comparison between GLOBAL X ADAPTIVE U.S. RISK MANAGEMENT ETF (ONOF, ETF) and abrdn National Municipal Income Fund (VFL, ETF).

5-Year PerformanceONOF has outperformed VFL, delivering a return of +8.4% compared to -1.3%

ONOF vs VFL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ONOF(ETF)	VFL(ETF)
Net Assets	$139M	$139M
Expense Ratio	0.39%	N/A
Max Drawdown	26.71%	55.62%
Sharpe Ratio	1.00	1.04
5Y Beta	0.86	0.12
P/E Ratio	29.29	N/A
Forward P/E	21.27	N/A
5Y Dividends CAGR	41.38%	1.77%
5Y EPS CAGR	25.67%	N/A
Debt to Equity	34.19%	N/A
P/S Ratio	3.82	N/A
P/B Ratio	5.78	N/A

Net Assets

Winner

ONOF

$139M

VFL

$139M

Expense Ratio

ONOF

0.39%

VFL

N/A

Max Drawdown

Winner

ONOF

26.71%

VFL

55.62%

Sharpe Ratio

ONOF

1.00

Winner

VFL

1.04

5Y Beta

ONOF

0.86

Winner

VFL

0.12

P/E Ratio

ONOF

29.29

VFL

N/A

Forward P/E

ONOF

21.27

VFL

N/A

5Y Dividends CAGR

Winner

ONOF

41.38%

VFL

1.77%

5Y EPS CAGR

ONOF

25.67%

VFL

N/A

Debt to Equity

ONOF

34.19%

VFL

N/A

P/S Ratio

ONOF

3.82

VFL

N/A

P/B Ratio

ONOF

5.78

VFL

N/A

ONOF vs VFL - Historical Returns

Returns include dividend reinvestment.

Period	ONOF	VFL
1 month	+0.52%	+1.47%
3 months	+6.52%	+3.12%
6 months	+6.23%	+3.73%
1 year	+16.10%	+12.72%
5 years(CAGR)	+8.36%	-1.32%
10 years(CAGR)	N/A	+1.25%
Max(CAGR)	+10.16%	+4.77%

ONOF

+0.52%

Winner

VFL

+1.47%

Winner

ONOF

+6.52%

VFL

+3.12%

Winner

ONOF

+6.23%

VFL

+3.73%

Winner

ONOF

+16.10%

VFL

+12.72%

5Y(CAGR)

Winner

ONOF

+8.36%

VFL

-1.32%

10Y(CAGR)

ONOF

N/A

VFL

+1.25%

Max(CAGR)

Winner

ONOF

+10.16%

VFL

+4.77%

ONOF vs VFL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ONOF	VFL
2026	+6.48%	+3.89%
2025	+9.04%	+5.97%
2024	+20.01%	+3.50%
2023	+11.58%	+2.56%
2022	-12.03%	-23.16%
2021	+25.19%	+12.13%
2020	N/A	+3.56%
2019	N/A	+15.05%
2018	N/A	-6.32%
2017	N/A	+5.40%
2016	N/A	+5.52%
2015	N/A	+6.09%
2014	N/A	+18.44%
2013	N/A	-13.74%
2012	N/A	+14.02%
2011	N/A	+11.07%
2010	N/A	+2.14%
2009	N/A	+34.94%
2008	N/A	-20.25%
2007	N/A	-11.93%
2006	N/A	-5.69%
2005	N/A	+2.50%
2004	N/A	+13.26%
2003	N/A	+13.11%
2002	N/A	+12.72%
2001	N/A	+12.08%
2000	N/A	+16.39%
1999	N/A	-2.03%

ONOF vs VFL Drawdown Comparison

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

The maximum drawdown for VFL was -45.26%, occurring on Dec 4, 2008. Recovery took 1399 trading sessions.

The current ONOF drawdown is -1.41%. The current VFL drawdown is -8.04%.

Rank	ONOF	VFL
#1	-26.21% Dec 29, 2021 - Jan 25, 2024	-45.26% Mar 7, 2006 - Sep 23, 2011
#2	-21.67% Feb 19, 2025 - Sep 15, 2025	-39.04% Dec 22, 2021 - Oct 25, 2023
#3	-8.87% Jul 16, 2024 - Nov 6, 2024	-29.96% Mar 4, 2020 - Jan 21, 2021
#4	-6.86% Jan 12, 2026 - Apr 30, 2026	-22.70% Dec 6, 2012 - Jan 15, 2015
#5	-5.42% Mar 28, 2024 - May 14, 2024	-16.39% Feb 4, 2004 - Oct 25, 2004
#6	-5.40% Sep 3, 2021 - Oct 20, 2021	-14.76% Jul 9, 2003 - Dec 17, 2003
#7	-5.25% Oct 28, 2025 - Dec 11, 2025	-14.66% Jan 5, 2005 - Jun 7, 2005
#8	-5.13% Feb 12, 2021 - Mar 17, 2021	-13.51% Jul 8, 2016 - May 10, 2019
#9	-4.48% Jun 2, 2026 - Jun 10, 2026	-13.37% Sep 2, 2005 - Mar 7, 2006
#10	-4.41% Nov 17, 2021 - Dec 23, 2021	-8.91% Sep 9, 2002 - Apr 30, 2003
#11	-4.36% Dec 6, 2024 - Jan 22, 2025	-8.00% Aug 20, 2019 - Feb 18, 2020
#12	-4.27% Jan 21, 2021 - Feb 8, 2021	-6.54% Nov 2, 1999 - Jun 21, 2000
#13	-4.20% Apr 29, 2021 - Jun 4, 2021	-6.07% Sep 28, 2011 - Jan 12, 2012
#14	-2.93% Oct 8, 2025 - Oct 24, 2025	-5.48% Feb 2, 2015 - Oct 28, 2015
#15	-2.74% Jul 12, 2021 - Jul 23, 2021	-5.45% Jun 7, 2005 - Aug 22, 2005

Correlation

Correlation between ONOF and VFL is 0.10 which considered as a very weak or no correlation - the stocks move independently of each other.

0.10

-101

Dividend Comparison (1999 - 2026)

ONOF vs VFL dividend yield comparison.

Year	ONOF	VFL
2026	0.41%	3.14%
2025	1.38%	5.84%
2024	0.93%	5.31%
2023	1.37%	4.43%
2022	1.92%	5.21%
2021	0.69%	4.42%
2020	0.00%	4.32%
2019	0.00%	5.14%
2018	0.00%	5.04%
2017	0.00%	4.60%
2016	0.00%	5.32%
2015	0.00%	5.97%
2014	0.00%	5.77%
2013	0.00%	5.95%
2012	0.00%	4.13%
2011	0.00%	4.18%
2010	0.00%	4.30%
2009	0.00%	4.15%
2008	0.00%	6.28%
2007	0.00%	5.92%
2006	0.00%	6.45%
2005	0.00%	7.56%
2004	0.00%	6.49%
2003	0.00%	6.35%
2002	0.00%	5.95%
2001	0.00%	5.00%
2000	0.00%	5.71%
1999	0.00%	1.05%