Global X Adaptive U.S. Risk Management ETFGlobal X Adaptive U.S. Risk Management ETFGlobal X Adaptive U.S. Risk Management ETF

Global X Adaptive U.S. Risk Management ETF

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Key stats


Assets under management (AUM)
‪133.59 M‬USD
Fund flows (1Y)
‪14.28 M‬USD
Dividend yield (indicated)
0.95%
Discount/Premium to NAV
0.4%

About Global X Adaptive U.S. Risk Management ETF


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Expense ratio
0.40%
Inception date
Jan 12, 2021
Index tracked
Adaptive Wealth Strategies U.S. Risk Management Index
Management style
Passive
ONOF is a passively-managed portfolio that provides exposure to 500 US large-cap equities during normal market conditions or switches to 1-3 year US Treasurys during adverse market conditions. The index is based on historical data from two short-term indicators: Moving Average Convergence Divergence (MACD) and the level of the CBOE Volatility Index (VIX), as well as two long-term indicators: 200-day Simple Moving Average (SMA) and market drawdown percentage. Each signal is given an equal weighting in determining the posture of the portfolio. The trigger threshold for each signal is based on a predetermined Z-score. If the portfolio is in equities, it takes three negative indicators to switch the exposure to Treasuries. Once in Treasuries, it takes two positive indicators to switch to equities, thus, creating a higher hurtle to get out of the market than it is to enter. Based on the strategy, turnover in the portfolio should be higher than a buy-and-hold approach.

Classification


Asset Class
Asset allocation
Category
Asset allocation
Focus
Target outcome
Niche
Capital appreciation
Strategy
Technical
Weighting scheme
Fixed
Selection criteria
Technical
What's in the fund
Exposure type
StocksBonds, Cash & Other
Electronic Technology
Technology Services
Finance
Stocks99.88%
Electronic Technology21.28%
Technology Services20.47%
Finance12.88%
Health Technology8.04%
Retail Trade8.04%
Consumer Non-Durables3.79%
Producer Manufacturing3.66%
Consumer Services3.11%
Commercial Services2.77%
Energy Minerals2.69%
Utilities2.40%
Consumer Durables2.37%
Health Services1.88%
Transportation1.56%
Process Industries1.48%
Industrial Services1.16%
Communications0.90%
Distribution Services0.68%
Non-Energy Minerals0.66%
Miscellaneous0.07%
Bonds, Cash & Other0.12%
ETF0.08%
Cash0.04%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.