BNDY vs. SFTY

Last updated Jun 4, 2026

BNDY (Horizon Core Bond ETF) and SFTY (Horizon Managed Risk ETF) are both exchange-traded funds - BNDY is a Intermediate Core Bond fund actively managed by Horizon, while SFTY is a Tactical Allocation fund managed by Horizon. At a 0.47 correlation, their price movements are largely independent. BNDY charges 0.66%/yr vs 0.77%/yr for SFTY.

Performance

BNDY vs. SFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Core Bond ETF (BNDY) 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, BNDY achieves a 0.87% return, which is significantly lower than SFTY's 9.84% return.

BNDY

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

SFTY

• 1D: -0.32%
• 1M: 4.71%
• YTD: 9.84%
• 6M: 9.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BNDY vs. SFTY - Yearly Performance Comparison

	2026 (YTD)	2025
BNDY Horizon Core Bond ETF	0.87%	5.34%
SFTY Horizon Managed Risk ETF	9.84%	9.85%

Correlation

The correlation between BNDY and SFTY is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025	0.47

Return for Risk

BNDY vs. SFTY - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	BNDY	SFTY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	2.11	-0.74

Drawdowns

BNDY vs. SFTY - Drawdown Comparison

The maximum BNDY drawdown since its inception was -3.93%, smaller than the maximum SFTY drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for BNDY and SFTY.

Drawdown Indicators

	BNDY	SFTY	Difference
Max Drawdown Largest peak-to-trough decline	-3.93%	-8.64%	+4.71%
Current Drawdown Current decline from peak	-1.16%	-0.32%	-0.84%
Average Drawdown Average peak-to-trough decline	-0.62%	-1.10%	+0.48%

Volatility

Volatility by Period

	BNDY	SFTY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.01%	11.64%	-6.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	11.64%	-6.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	11.64%	-6.63%

BNDY vs. SFTY - Expense Ratio Comparison

BNDY has a 0.66% expense ratio, which is lower than SFTY's 0.77% expense ratio.

Dividends

BNDY vs. SFTY - Dividend Comparison

BNDY's dividend yield for the trailing twelve months is around 4.83%, more than SFTY's 0.17% yield.

Position	TTM	2025
BNDY Horizon Core Bond ETF	4.83%	1.89%
SFTY Horizon Managed Risk ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both BNDY and SFTY in my portfolio?

BNDY and SFTY have a correlation of 0.47, 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 SFTY?

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 SFTY?

BNDY is cheaper with a 0.66% expense ratio, compared with 0.77% for SFTY.

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

BNDY has the higher dividend yield at 4.83%, compared with 0.17% for SFTY.

What is the main difference between BNDY and SFTY?

BNDY is categorized as Intermediate Core Bond, while SFTY is Tactical Allocation. Their fees differ too: 0.66% for BNDY and 0.77% for SFTY.