CORO vs. SFTX

Last updated Jun 3, 2026

CORO (iShares International Country Rotation Active ETF) and SFTX (Horizon International Managed Risk ETF) are both Tactical Allocation funds. Both are actively managed. With a 0.95 correlation, they move nearly in lockstep. CORO charges 0.55%/yr vs 0.82%/yr for SFTX.

Performance

CORO vs. SFTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Country Rotation Active ETF (CORO) 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, CORO achieves a 18.94% return, which is significantly lower than SFTX's 22.61% return.

CORO

• 1D: 0.68%
• 1M: 6.27%
• YTD: 18.94%
• 6M: 21.98%
• 1Y: 38.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SFTX

• 1D: 0.58%
• 1M: 7.50%
• YTD: 22.61%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CORO vs. SFTX - Yearly Performance Comparison

	2026 (YTD)	2025
CORO iShares International Country Rotation Active ETF	18.94%	2.12%
SFTX Horizon International Managed Risk ETF	22.61%	1.61%

Correlation

The correlation between CORO and SFTX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.95

Return for Risk

CORO vs. SFTX — Risk / Return Rank

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

CORO

CORO Risk / Return Rank: 73
CORO Sharpe Ratio Rank: 76
CORO Sortino Ratio Rank: 73
CORO Omega Ratio Rank: 76
CORO Calmar Ratio Rank: 69
CORO Martin Ratio Rank: 73

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.

CORO vs. SFTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Country Rotation Active ETF (CORO) 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.

	CORO	SFTX	Difference
Sharpe ratio Return per unit of total volatility	2.50	—	—
Sortino ratio Return per unit of downside risk	3.37	—	—
Omega ratio Gain probability vs. loss probability	1.46	—	—
Calmar ratio Return relative to maximum drawdown	3.53	—	—
Martin ratio Return relative to average drawdown	14.13	—	—
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

	CORO	SFTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.08	2.63	-0.55

Drawdowns

CORO vs. SFTX - Drawdown Comparison

The maximum CORO drawdown since its inception was -14.13%, which is greater than SFTX's maximum drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for CORO and SFTX.

Drawdown Indicators

	CORO	SFTX	Difference
Max Drawdown Largest peak-to-trough decline	-14.13%	-12.75%	-1.38%
Max Drawdown (1Y) Largest decline over 1 year	-11.25%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.74%	-2.80%	+1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	—	—

Volatility

Volatility by Period

	CORO	SFTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.43%	21.72%	-6.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.66%	21.72%	-5.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.66%	21.72%	-5.06%

CORO vs. SFTX - Expense Ratio Comparison

CORO has a 0.55% expense ratio, which is lower than SFTX's 0.82% expense ratio.

Dividends

CORO vs. SFTX - Dividend Comparison

CORO's dividend yield for the trailing twelve months is around 2.69%, more than SFTX's 0.20% yield.

Position	TTM	2025	2024
CORO iShares International Country Rotation Active ETF	2.69%	3.20%	1.53%
SFTX Horizon International Managed Risk ETF	0.20%	0.25%	0.00%

Frequently Asked Questions

Can I hold both CORO and SFTX in my portfolio?

With a correlation of 0.95, CORO and SFTX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CORO or SFTX?

On fees, CORO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CORO or SFTX?

CORO is cheaper with a 0.55% expense ratio, compared with 0.82% for SFTX.

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

CORO has the higher dividend yield at 2.69%, compared with 0.20% for SFTX.

What is the main difference between CORO and SFTX?

They also come from different issuers: iShares and Horizon. Their fees differ too: 0.55% for CORO and 0.82% for SFTX.