BENJ vs. SFTY

Last updated Jun 5, 2026

BENJ (Horizon Landmark ETF) and SFTY (Horizon Managed Risk ETF) are both exchange-traded funds - BENJ is a Ultrashort Bond fund actively managed by Horizon, while SFTY is a Tactical Allocation fund managed by Horizon. At a 0.07 correlation, their price movements are largely independent. BENJ charges 0.40%/yr vs 0.77%/yr for SFTY.

Performance

BENJ vs. SFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Landmark ETF (BENJ) and Horizon Managed Risk ETF (SFTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BENJ achieves a 1.46% return, which is significantly lower than SFTY's 10.20% return.

BENJ

• 1D: -0.01%
• 1M: 0.29%
• YTD: 1.46%
• 6M: 1.80%
• 1Y: 3.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SFTY

• 1D: 0.32%
• 1M: 4.19%
• YTD: 10.20%
• 6M: 10.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BENJ vs. SFTY - Yearly Performance Comparison

	2026 (YTD)	2025
BENJ Horizon Landmark ETF	1.46%	2.06%
SFTY Horizon Managed Risk ETF	10.20%	11.73%

Correlation

The correlation between BENJ and SFTY is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.07

Return for Risk

BENJ vs. SFTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BENJ

BENJ Risk / Return Rank: 98
BENJ Sharpe Ratio Rank: 98
BENJ Sortino Ratio Rank: 98
BENJ Omega Ratio Rank: 99
BENJ Calmar Ratio Rank: 96
BENJ Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BENJ vs. SFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Landmark ETF (BENJ) and Horizon Managed Risk ETF (SFTY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BENJ	SFTY	Difference
Sharpe ratio: Return per unit of total volatility	5.65	—	—
Sortino ratio: Return per unit of downside risk	9.14	—	—
Omega ratio: Gain probability vs. loss probability	4.95	—	—
Calmar ratio: Return relative to maximum drawdown	9.71	—	—
Martin ratio: Return relative to average drawdown	45.83	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BENJ	SFTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	6.41	2.15	+4.26

Drawdowns

BENJ vs. SFTY - Drawdown Comparison

The maximum BENJ drawdown since its inception was -0.39%, smaller than the maximum SFTY drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for BENJ and SFTY.

Drawdown Indicators

	BENJ	SFTY	Difference
Max Drawdown Largest peak-to-trough decline	-0.39%	-8.64%	+8.25%
Max Drawdown (1Y) Largest decline over 1 year	-0.39%	—	—
Current Drawdown Current decline from peak	-0.01%	-0.00%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.02%	-1.09%	+1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	—	—

Volatility

Volatility by Period

	BENJ	SFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.67%	11.62%	-10.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.60%	11.62%	-11.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.60%	11.62%	-11.02%

BENJ vs. SFTY - Expense Ratio Comparison

BENJ has a 0.40% expense ratio, which is lower than SFTY's 0.77% expense ratio.

Dividends

BENJ vs. SFTY - Dividend Comparison

BENJ has not paid dividends to shareholders, while SFTY's dividend yield for the trailing twelve months is around 0.17%.

Position	TTM	2025
BENJ Horizon Landmark ETF	0.00%	0.00%
SFTY Horizon Managed Risk ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both BENJ and SFTY in my portfolio?

BENJ and SFTY have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BENJ or SFTY?

On fees, BENJ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BENJ or SFTY?

BENJ is cheaper with a 0.40% expense ratio, compared with 0.77% for SFTY.

Which ETF pays a higher dividend yield, BENJ or SFTY?

SFTY has the higher dividend yield at 0.17%, compared with 0.00% for BENJ.

What is the main difference between BENJ and SFTY?

BENJ is categorized as Ultrashort Bond, while SFTY is Tactical Allocation. Their fees differ too: 0.40% for BENJ and 0.77% for SFTY.