VFL vs ONOF

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

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

VFL vs ONOF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

VFL

$139M

Winner

ONOF

$139M

Expense Ratio

VFL

N/A

ONOF

0.39%

Max Drawdown

VFL

55.62%

Winner

ONOF

26.71%

Sharpe Ratio

Winner

VFL

1.04

ONOF

1.00

5Y Beta

Winner

VFL

0.12

ONOF

0.86

P/E Ratio

VFL

N/A

ONOF

29.29

Forward P/E

VFL

N/A

ONOF

21.27

5Y Dividends CAGR

VFL

1.77%

Winner

ONOF

41.38%

5Y EPS CAGR

VFL

N/A

ONOF

25.67%

Debt to Equity

VFL

N/A

ONOF

34.19%

P/S Ratio

VFL

N/A

ONOF

3.82

P/B Ratio

VFL

N/A

ONOF

5.78

VFL vs ONOF - Historical Returns

Returns include dividend reinvestment.

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

Winner

VFL

+1.47%

ONOF

+0.52%

VFL

+3.12%

Winner

ONOF

+6.52%

VFL

+3.73%

Winner

ONOF

+6.23%

VFL

+12.72%

Winner

ONOF

+16.10%

5Y(CAGR)

VFL

-1.32%

Winner

ONOF

+8.36%

10Y(CAGR)

VFL

+1.25%

ONOF

N/A

Max(CAGR)

VFL

+4.77%

Winner

ONOF

+10.16%

VFL vs ONOF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

VFL vs ONOF Drawdown Comparison

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

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

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

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

Correlation

Correlation between VFL and ONOF 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)

VFL vs ONOF dividend yield comparison.

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