CORO vs. SFTY

Last updated Jul 14, 2026

CORO (iShares International Country Rotation Active ETF) and SFTY (Horizon Managed Risk ETF) are both Tactical Allocation funds. Over the past year, CORO returned 30.83% vs 21.14% for SFTY. A 0.79 correlation means they provide meaningful diversification when combined. CORO charges 0.55%/yr vs 0.77%/yr for SFTY.

Performance

CORO vs. SFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Country Rotation Active ETF (CORO) 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, CORO achieves a 15.32% return, which is significantly higher than SFTY's 9.81% return.

CORO

• 1D: -1.80%
• 1M: -1.23%
• 6M: 10.64%
• YTD: 15.32%
• 1Y: 30.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SFTY

• 1D: -0.71%
• 1M: 1.41%
• 6M: 7.64%
• YTD: 9.81%
• 1Y: 21.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CORO vs. SFTY - Yearly Performance Comparison

	2026 (YTD)	2025
CORO iShares International Country Rotation Active ETF	15.32%	14.86%
SFTY Horizon Managed Risk ETF	9.81%	12.10%

Correlation

The correlation between CORO and SFTY is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.79

The correlation between CORO and SFTY has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.

Return for Risk

CORO vs. SFTY — Risk / Return Rank

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

CORO

CORO Risk / Return Rank: 71
CORO Sharpe Ratio Rank: 72
CORO Sortino Ratio Rank: 68
CORO Omega Ratio Rank: 72
CORO Calmar Ratio Rank: 69
CORO Martin Ratio Rank: 73

SFTY

SFTY Risk / Return Rank: 68
SFTY Sharpe Ratio Rank: 69
SFTY Sortino Ratio Rank: 67
SFTY Omega Ratio Rank: 68
SFTY Calmar Ratio Rank: 62
SFTY Martin Ratio Rank: 75

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. SFTY - Risk-Adjusted Trends Comparison

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

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.

	CORO	SFTY	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.77	+0.06
Sortino ratio: Return per unit of downside risk	2.48	2.46	+0.02
Omega ratio: Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	2.75	2.46	+0.29
Martin ratio: Return relative to average drawdown	10.53	10.99	-0.46

CORO vs. SFTY - Sharpe Ratio Comparison

The current CORO Sharpe Ratio is 1.83, which is comparable to the SFTY Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of CORO and SFTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CORO vs. SFTY - Drawdown Comparison

The maximum CORO drawdown since its inception was -14.13%, which is greater than SFTY's maximum drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for CORO and SFTY.

Drawdown Indicators

	CORO	SFTY	Difference
Max Drawdown Largest peak-to-trough decline	-14.13%	-8.64%	-5.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.25%	-8.64%	-2.61%
Current Drawdown Current decline from peak	-3.98%	-0.71%	-3.27%
Average Drawdown Average peak-to-trough decline	-1.78%	-1.13%	-0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	1.93%	+1.01%

Volatility

CORO vs. SFTY - Volatility Comparison

iShares International Country Rotation Active ETF (CORO) has a higher volatility of 6.53% compared to Horizon Managed Risk ETF (SFTY) at 3.58%. This indicates that CORO's price experiences larger fluctuations and is considered to be riskier than SFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CORO	SFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.53%	3.58%	+2.95%
Volatility (6M) Calculated over the trailing 6-month period	15.09%	9.45%	+5.64%
Volatility (1Y) Calculated over the trailing 1-year period	16.98%	12.03%	+4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.24%	11.90%	+5.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.24%	11.90%	+5.34%

CORO vs. SFTY - Expense Ratio Comparison

CORO has a 0.55% expense ratio, which is lower than SFTY's 0.77% expense ratio.

Dividends

CORO vs. SFTY - Dividend Comparison

CORO's dividend yield for the trailing twelve months is around 2.85%, more than SFTY's 0.17% yield.

Position	TTM	2025	2024
CORO iShares International Country Rotation Active ETF	2.85%	3.20%	1.53%
SFTY Horizon Managed Risk ETF	0.17%	0.19%	0.00%

Frequently Asked Questions

Can I hold both CORO and SFTY in my portfolio?

CORO and SFTY have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CORO or SFTY?

CORO has higher volatility (6.53%) compared to SFTY (3.58%). In terms of maximum drawdown, CORO dropped -14.13% vs SFTY's -8.64%.

Which ETF is better, CORO or SFTY?

On 1-year performance, CORO leads with 30.83% vs 21.14% for SFTY. On fees, CORO is cheaper at 0.55% per year. On volatility, SFTY has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CORO or SFTY?

Over the 1-year period, CORO has performed better with a 30.83% return vs 21.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CORO or SFTY?

CORO is cheaper with a 0.55% expense ratio, compared with 0.77% for SFTY.

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

CORO has the higher dividend yield at 2.85%, compared with 0.17% for SFTY.

What is the main difference between CORO and SFTY?

They also come from different issuers: iShares and Horizon. Their fees differ too: 0.55% for CORO and 0.77% for SFTY.

Which has better risk-adjusted returns?

CORO currently has the higher Sharpe Ratio (1.83 vs 1.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.