BNDY vs. EDGF

Last updated Jun 4, 2026

BNDY (Horizon Core Bond ETF) and EDGF (3EDGE Dynamic Fixed Income ETF) are both Intermediate Core Bond funds. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. BNDY charges 0.66%/yr vs 0.79%/yr for EDGF.

Performance

BNDY vs. EDGF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Core Bond ETF (BNDY) and 3EDGE Dynamic Fixed Income ETF (EDGF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BNDY having a 0.87% return and EDGF slightly higher at 0.90%.

BNDY

• 1D: -0.21%
• 1M: 0.53%
• YTD: 0.87%
• 6M: 1.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EDGF

• 1D: -0.04%
• 1M: 0.12%
• YTD: 0.90%
• 6M: 0.84%
• 1Y: 3.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BNDY vs. EDGF - Yearly Performance Comparison

	2026 (YTD)	2025
BNDY Horizon Core Bond ETF	0.87%	5.34%
EDGF 3EDGE Dynamic Fixed Income ETF	0.90%	1.96%

Correlation

The correlation between BNDY and EDGF is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025	0.57

Return for Risk

BNDY vs. EDGF — Risk / Return Rank

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

EDGF

EDGF Risk / Return Rank: 69
EDGF Sharpe Ratio Rank: 54
EDGF Sortino Ratio Rank: 64
EDGF Omega Ratio Rank: 62
EDGF Calmar Ratio Rank: 90
EDGF Martin Ratio Rank: 76

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.

BNDY vs. EDGF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Core Bond ETF (BNDY) and 3EDGE Dynamic Fixed Income ETF (EDGF). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BNDY	EDGF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.98	+0.40

Drawdowns

BNDY vs. EDGF - Drawdown Comparison

The maximum BNDY drawdown since its inception was -3.93%, which is greater than EDGF's maximum drawdown of -1.62%. Use the drawdown chart below to compare losses from any high point for BNDY and EDGF.

Drawdown Indicators

	BNDY	EDGF	Difference
Max Drawdown Largest peak-to-trough decline	-3.93%	-1.62%	-2.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.64%	—
Current Drawdown Current decline from peak	-1.16%	-0.07%	-1.09%
Average Drawdown Average peak-to-trough decline	-0.62%	-0.46%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.25%	—

Volatility

Volatility by Period

	BNDY	EDGF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.01%	1.94%	+3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	2.35%	+2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	2.35%	+2.66%

BNDY vs. EDGF - Expense Ratio Comparison

BNDY has a 0.66% expense ratio, which is lower than EDGF's 0.79% expense ratio.

Dividends

BNDY vs. EDGF - Dividend Comparison

BNDY's dividend yield for the trailing twelve months is around 4.83%, more than EDGF's 3.45% yield.

Position	TTM	2025	2024
BNDY Horizon Core Bond ETF	4.83%	1.89%	0.00%
EDGF 3EDGE Dynamic Fixed Income ETF	3.45%	3.61%	0.49%

Frequently Asked Questions

Can I hold both BNDY and EDGF in my portfolio?

BNDY and EDGF have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNDY or EDGF?

On fees, BNDY is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNDY or EDGF?

BNDY is cheaper with a 0.66% expense ratio, compared with 0.79% for EDGF.

Which ETF pays a higher dividend yield, BNDY or EDGF?

BNDY has the higher dividend yield at 4.83%, compared with 3.45% for EDGF.

What is the main difference between BNDY and EDGF?

They also come from different issuers: Horizon and 3EDGE Asset Management. Their fees differ too: 0.66% for BNDY and 0.79% for EDGF.