BNDY vs. SFTX

Last updated Jul 8, 2026

BNDY (Horizon Core Bond ETF) and SFTX (Horizon International Managed Risk ETF) are both exchange-traded funds - BNDY is a Intermediate Core Bond fund actively managed by Horizon, while SFTX is a Tactical Allocation fund actively managed by Horizon. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. BNDY charges 0.66%/yr vs 0.82%/yr for SFTX.

Performance

BNDY vs. SFTX - Performance Comparison

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

Returns By Period

In the year-to-date period, BNDY achieves a 0.82% return, which is significantly lower than SFTX's 18.20% return.

BNDY

• 1D: -0.58%
• 1M: 0.56%
• 6M: 0.51%
• YTD: 0.82%
• 1Y: 6.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SFTX

• 1D: -1.95%
• 1M: 1.12%
• 6M: 13.56%
• YTD: 18.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BNDY vs. SFTX - Yearly Performance Comparison

	2026 (YTD)	2025
BNDY Horizon Core Bond ETF	0.82%	0.46%
SFTX Horizon International Managed Risk ETF	18.20%	1.61%

Correlation

The correlation between BNDY and SFTX is 0.53, 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 Dec 3, 2025	0.53

Return for Risk

BNDY vs. SFTX — Risk / Return Rank

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

BNDY

BNDY Risk / Return Rank: 45
BNDY Sharpe Ratio Rank: 45
BNDY Sortino Ratio Rank: 46
BNDY Omega Ratio Rank: 45
BNDY Calmar Ratio Rank: 39
BNDY Martin Ratio Rank: 50

SFTX

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

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. SFTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Core Bond ETF (BNDY) and Horizon International Managed Risk ETF (SFTX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BNDY	SFTX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	—	—
Sortino ratio: Return per unit of downside risk	1.95	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.73	—	—
Martin ratio: Return relative to average drawdown	7.20	—	—

Drawdowns

BNDY vs. SFTX - Drawdown Comparison

The maximum BNDY drawdown since its inception was -3.93%, smaller than the maximum SFTX drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for BNDY and SFTX.

Drawdown Indicators

	BNDY	SFTX	Difference
Max Drawdown Largest peak-to-trough decline	-3.93%	-12.75%	+8.82%
Max Drawdown (1Y) Largest decline over 1 year	-3.93%	—	—
Current Drawdown Current decline from peak	-1.20%	-4.34%	+3.14%
Average Drawdown Average peak-to-trough decline	-0.65%	-2.71%	+2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	—	—

Volatility

Volatility by Period

	BNDY	SFTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.12%	22.70%	-17.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.11%	22.70%	-17.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.11%	22.70%	-17.59%

BNDY vs. SFTX - Expense Ratio Comparison

BNDY has a 0.66% expense ratio, which is lower than SFTX's 0.82% expense ratio.

Dividends

BNDY vs. SFTX - Dividend Comparison

BNDY's dividend yield for the trailing twelve months is around 5.87%, more than SFTX's 0.21% yield.

Position	TTM	2025
BNDY Horizon Core Bond ETF	5.87%	1.89%
SFTX Horizon International Managed Risk ETF	0.21%	0.25%

Frequently Asked Questions

Can I hold both BNDY and SFTX in my portfolio?

BNDY and SFTX have a correlation of 0.53, 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 SFTX?

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 SFTX?

BNDY is cheaper with a 0.66% expense ratio, compared with 0.82% for SFTX.

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

BNDY has the higher dividend yield at 5.87%, compared with 0.21% for SFTX.

What is the main difference between BNDY and SFTX?

BNDY is categorized as Intermediate Core Bond, while SFTX is Tactical Allocation. Their fees differ too: 0.66% for BNDY and 0.82% for SFTX.