FLXN vs. SFTX

Last updated Jul 8, 2026

FLXN (Horizon Flexible Income ETF) and SFTX (Horizon International Managed Risk ETF) are both exchange-traded funds - FLXN is a High Yield Bonds fund actively managed by Horizon, while SFTX is a Tactical Allocation fund actively managed by Horizon. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.82% expense ratio.

Performance

FLXN vs. SFTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Flexible Income ETF (FLXN) 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, FLXN achieves a 3.25% return, which is significantly lower than SFTX's 18.20% return.

FLXN

• 1D: -0.14%
• 1M: 1.35%
• 6M: 2.73%
• YTD: 3.25%
• 1Y: 8.51%
• 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)

FLXN vs. SFTX - Yearly Performance Comparison

	2026 (YTD)	2025
FLXN Horizon Flexible Income ETF	3.25%	0.68%
SFTX Horizon International Managed Risk ETF	18.20%	1.61%

Correlation

The correlation between FLXN and SFTX is 0.69, 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	0.69

Return for Risk

FLXN vs. SFTX — Risk / Return Rank

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

FLXN

FLXN Risk / Return Rank: 69
FLXN Sharpe Ratio Rank: 64
FLXN Sortino Ratio Rank: 69
FLXN Omega Ratio Rank: 72
FLXN Calmar Ratio Rank: 62
FLXN Martin Ratio Rank: 79

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.

FLXN vs. SFTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Flexible Income ETF (FLXN) 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.

	FLXN	SFTX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	—	—
Sortino ratio: Return per unit of downside risk	2.60	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.52	—	—
Martin ratio: Return relative to average drawdown	12.39	—	—

Drawdowns

FLXN vs. SFTX - Drawdown Comparison

The maximum FLXN drawdown since its inception was -3.39%, smaller than the maximum SFTX drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for FLXN and SFTX.

Drawdown Indicators

	FLXN	SFTX	Difference
Max Drawdown Largest peak-to-trough decline	-3.39%	-12.75%	+9.36%
Max Drawdown (1Y) Largest decline over 1 year	-3.39%	—	—
Current Drawdown Current decline from peak	-0.14%	-4.34%	+4.20%
Average Drawdown Average peak-to-trough decline	-0.37%	-2.71%	+2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	—	—

Volatility

Volatility by Period

	FLXN	SFTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.00%	22.70%	-17.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.99%	22.70%	-17.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.99%	22.70%	-17.71%

FLXN vs. SFTX - Expense Ratio Comparison

Both FLXN and SFTX have an expense ratio of 0.82%.

Dividends

FLXN vs. SFTX - Dividend Comparison

FLXN's dividend yield for the trailing twelve months is around 8.40%, more than SFTX's 0.21% yield.

Position	TTM	2025
FLXN Horizon Flexible Income ETF	8.40%	3.49%
SFTX Horizon International Managed Risk ETF	0.21%	0.25%

Frequently Asked Questions

Can I hold both FLXN and SFTX in my portfolio?

FLXN and SFTX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLXN or SFTX?

Both ETFs have the same 0.82% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLXN or SFTX?

FLXN and SFTX have the same expense ratio: 0.82% per year.

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

FLXN has the higher dividend yield at 8.40%, compared with 0.21% for SFTX.

What is the main difference between FLXN and SFTX?

FLXN is categorized as High Yield Bonds, while SFTX is Tactical Allocation.