FRGN vs. SFTX

Last updated Jun 4, 2026

FRGN (Horizon International Equity ETF) and SFTX (Horizon International Managed Risk ETF) are both exchange-traded funds - FRGN is a Foreign Large Cap Equities fund actively managed by Horizon, while SFTX is a Tactical Allocation fund actively managed by Horizon. Both are actively managed. With a 0.97 correlation, they move nearly in lockstep. FRGN charges 0.75%/yr vs 0.82%/yr for SFTX.

Performance

FRGN vs. SFTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon International Equity ETF (FRGN) 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, FRGN achieves a 24.35% return, which is significantly higher than SFTX's 22.26% return.

FRGN

• 1D: -0.70%
• 1M: 8.09%
• YTD: 24.35%
• 6M: 26.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SFTX

• 1D: -0.29%
• 1M: 7.93%
• YTD: 22.26%
• 6M: 24.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FRGN vs. SFTX - Yearly Performance Comparison

	2026 (YTD)	2025
FRGN Horizon International Equity ETF	24.35%	1.47%
SFTX Horizon International Managed Risk ETF	22.26%	1.61%

Correlation

The correlation between FRGN and SFTX is 0.97 - 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	0.97

FRGN vs. SFTX - Sectors Allocation Comparison

Sectors	FRGN	SFTX
Technology	28.2%	28.2%
Financial Services	16.2%	16.2%
Industrials	12.1%	12.1%
Healthcare	10.1%	10.1%
Basic Materials	8.6%	8.6%
Energy	8.0%	8.0%
Consumer Cyclical	5.9%	5.9%
Communication Services	4.5%	4.5%
Consumer Defensive	3.7%	3.7%
Utilities	1.9%	1.9%
Real Estate	0.9%	0.9%

Return for Risk

FRGN vs. SFTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon International Equity ETF (FRGN) 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.

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

Sharpe Ratios by Period

	FRGN	SFTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.84	2.57	+0.27

Drawdowns

FRGN vs. SFTX - Drawdown Comparison

The maximum FRGN drawdown since its inception was -12.40%, roughly equal to the maximum SFTX drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for FRGN and SFTX.

Drawdown Indicators

	FRGN	SFTX	Difference
Max Drawdown Largest peak-to-trough decline	-12.40%	-12.75%	+0.35%
Current Drawdown Current decline from peak	-0.70%	-0.29%	-0.41%
Average Drawdown Average peak-to-trough decline	-2.40%	-2.78%	+0.38%

Volatility

Volatility by Period

	FRGN	SFTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.33%	21.65%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.33%	21.65%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.33%	21.65%	-0.32%

FRGN vs. SFTX - Expense Ratio Comparison

FRGN has a 0.75% expense ratio, which is lower than SFTX's 0.82% expense ratio.

Dividends

FRGN vs. SFTX - Dividend Comparison

FRGN's dividend yield for the trailing twelve months is around 0.20%, which matches SFTX's 0.20% yield.

Position	TTM	2025
FRGN Horizon International Equity ETF	0.20%	0.25%
SFTX Horizon International Managed Risk ETF	0.20%	0.25%

Frequently Asked Questions

Can I hold both FRGN and SFTX in my portfolio?

With a correlation of 0.97, FRGN 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, FRGN or SFTX?

On fees, FRGN is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FRGN or SFTX?

FRGN is cheaper with a 0.75% expense ratio, compared with 0.82% for SFTX.

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

FRGN and SFTX have nearly identical dividend yields, around 0.20%.

What is the main difference between FRGN and SFTX?

FRGN is categorized as Foreign Large Cap Equities, while SFTX is Tactical Allocation. Their fees differ too: 0.75% for FRGN and 0.82% for SFTX.