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Global X Adaptive U.S. Risk Management (ONOF)Overvalued or undervalued?
Look-through valuation · Global · Expense ratio 0.40 % · ISIN US37954Y1947
Price history (since 2021)
Monthly close since 2021. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| NVIDIA Corporation NVDA | 7.8 % | −12.0 % | 74 |
| Apple Inc. AAPL | 7.1 % | +2.8 % | 82 |
| Microsoft Corporation MSFT | 5.4 % | +10.0 % | 66 |
| Amazon.com Inc AMZN | 3.6 % | −48.9 % | 56 |
| Alphabet Inc Class A GOOGL | 3.0 % | −1.3 % | 70 |
| Alphabet Inc Class C GOOG | 2.6 % | n/a | n/a |
| Broadcom Inc AVGO | 2.5 % | −14.6 % | 71 |
| Meta Platforms Inc. META | 2.4 % | +10.0 % | 66 |
| Micron Technology Inc MU | 1.7 % | −85.9 % | 74 |
| BNY Mellon US Large Cap Core Equity ETF BKLC | 1.7 % | n/a | n/a |
| Tesla Inc TSLA | 1.7 % | −88.6 % | 40 |
| Advanced Micro Devices Inc AMD | 1.5 % | −80.0 % | 75 |
| Eli Lilly and Company LLY | 1.4 % | −31.2 % | 69 |
| JPMorgan Chase & Co JPM | 1.4 % | −43.1 % | 65 |
| Berkshire Hathaway Inc BRK-B | 1.0 % | −21.9 % | 56 |
| Exxon Mobil Corp XOM | 1.0 % | −44.4 % | 56 |
| Johnson & Johnson JNJ | 1.0 % | −37.2 % | 80 |
| Visa Inc. Class A V | 0.9 % | −37.1 % | 82 |
| Intel Corporation INTC | 0.8 % | −50.9 % | 38 |
| AbbVie Inc ABBV | 0.7 % | −2.0 % | 73 |
| Walmart Inc. WMT | 0.7 % | −54.8 % | 63 |
| Mastercard Inc MA | 0.7 % | −36.3 % | 83 |
| Cisco Systems Inc CSCO | 0.6 % | +10.0 % | 74 |
| Costco Wholesale Corp COST | 0.6 % | −57.6 % | 67 |
| Palantir Technologies Inc. PLTR | 0.6 % | −77.6 % | 69 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 50 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +87.2 % below FV
- 2 FXI iShares China Large-Cap ETF +57.2 % below FV
- 3 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +43.7 % below FV
- 4 MCHI iShares MSCI China ETF +41.9 % below FV
- 5 ITB iShares U.S. Home Construction ETF +31.4 % below FV
- 6 TAN Invesco Solar ETF +26.0 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.4 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +19.3 % below FV
- 9 ESPO VanEck Video Gaming and eSports ETF +18.3 % below FV
- 10 XIDV Franklin International Dividend Booster Index ETF +17.9 % below FV
Frequently asked about ONOF
Is ONOF overvalued?
What is the fair value of ONOF?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of ONOF?
What is the expense ratio of ONOF?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Global X Adaptive U.S. Risk Management ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 25, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.