ONOF vs QQQ
ONOF vs QQQ
Global X Adaptive US Risk Management ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. ONOF offers more diversification with 493 holdings.
Side-by-Side Comparison
| Metric | ONOF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.18% | |
| AUM | $137M | $455.8B | |
| Dividend Yield | 1.23% | 0.41% | |
| Holdings | 506 | 108 | |
| YTD Return | +10.08% | +18.20% | |
| 1Y Return | +19.29% | +27.63% | |
| 3Y Return (annualized) | +12.81% | +25.54% | |
| 5Y Return (annualized) | +8.71% | +15.12% | |
| Volatility (annualized) | 14.1% | 30.6% | |
| Max Drawdown | -26.2% | -83.0% | |
| Fund Family | Global X by mirae Asset | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 12, 2021 | Mar 10, 1999 |
ONOF vs QQQ Performance
Global X Adaptive US Risk Management ETF (ONOF) is a ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ONOF returned +19.29% while QQQ returned +27.63%. Year to date, ONOF is up 10.08% versus a gain of 18.20% for QQQ.
Over three years, ONOF compounded at +12.81% per year against +25.54% for QQQ; over five years the annualized figures are +8.71% and +15.12% respectively. Across the full 6-year window we track, QQQ has the edge at +13.11% annualized vs +10.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 14.1% for ONOF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -26.2% for ONOF and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ONOF charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, ONOF currently yields 1.23% against 0.41% for QQQ.
Holdings Overlap
ONOF and QQQ share 88 holdings out of 508 unique holdings combined, representing a 52.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in ONOF | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 7.84% | 7.88% | 0.04% |
| AAPL | 6.40% | 7.46% | 1.06% |
| MSFT | 4.62% | 4.65% | 0.03% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
See all 10 holdings ONOF shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, ONOF or QQQ?
ONOF has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, ONOF or QQQ?
Over the past year ONOF returned +19.29% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), ONOF annualized +10.73% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, ONOF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.1% for ONOF. Worst drawdown: ONOF -26.2% vs QQQ -83.0%.
Should I hold both ONOF and QQQ?
ONOF and QQQ have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ONOF and QQQ?
ONOF and QQQ share 88 common holdings with a 52.3% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, ONOF or QQQ?
ONOF yields 1.23% while QQQ yields 0.41%, so ONOF currently pays the higher dividend yield.
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