ONOF vs SCHD
ONOF vs SCHD
Global X Adaptive US Risk Management ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. ONOF offers more diversification with 493 holdings.
Side-by-Side Comparison
| Metric | ONOF | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.06% | |
| AUM | $137M | $103.7B | |
| Dividend Yield | 1.23% | 3.31% | |
| Holdings | 506 | 104 | |
| YTD Return | +10.08% | +24.26% | |
| 1Y Return | +19.29% | +31.38% | |
| 3Y Return (annualized) | +12.81% | +15.08% | |
| 5Y Return (annualized) | +8.71% | +9.72% | |
| Volatility (annualized) | 14.1% | 13.6% | |
| Max Drawdown | -26.2% | -33.4% | |
| Fund Family | Global X by mirae Asset | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jan 12, 2021 | Oct 20, 2011 |
ONOF vs SCHD Performance
Global X Adaptive US Risk Management ETF (ONOF) is a ETF from Global X by mirae Asset and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ONOF returned +19.29% while SCHD returned +31.38%. Year to date, ONOF is up 10.08% versus a gain of 24.26% for SCHD.
Over three years, ONOF compounded at +12.81% per year against +15.08% for SCHD; over five years the annualized figures are +8.71% and +9.72% respectively. Across the full 6-year window we track, SCHD has the edge at +11.39% annualized vs +10.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONOF has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.6% for SCHD. 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 -33.4% for SCHD. 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ONOF charges 0.39% per year while SCHD charges 0.06%. On a $10,000 position that is $39 vs $6 annually, a gap of $33 per year that compounds over a long holding period. On income, ONOF currently yields 1.23% against 3.31% for SCHD.
Holdings Overlap
ONOF and SCHD share 39 holdings out of 554 unique holdings combined, representing a 6.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ONOF | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 0.53% | 4.54% | 4.01% |
| MRK | 0.41% | 4.32% | 3.91% |
| ABT | 0.21% | 4.49% | 4.28% |
| PG | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
See all 10 holdings ONOF shares with SCHD 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 SCHD?
ONOF has an expense ratio of 0.39% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, ONOF or SCHD?
Over the past year ONOF returned +19.29% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), ONOF annualized +10.73% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, ONOF or SCHD?
ONOF has been the more volatile fund at 14.1% annualized versus 13.6% for SCHD. Worst drawdown: ONOF -26.2% vs SCHD -33.4%.
Should I hold both ONOF and SCHD?
ONOF and SCHD have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ONOF and SCHD?
ONOF and SCHD share 39 common holdings with a 6.7% weight overlap. Combined, they hold 554 unique securities.
Which pays a higher dividend, ONOF or SCHD?
ONOF yields 1.23% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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