GGM vs. SFTX

Last updated Jul 8, 2026

GGM (GGM Macro Alignment ETF) and SFTX (Horizon International Managed Risk ETF) are both Tactical Allocation funds. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. GGM charges 0.94%/yr vs 0.82%/yr for SFTX.

Performance

GGM vs. SFTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GGM Macro Alignment ETF (GGM) 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, GGM achieves a 11.95% return, which is significantly lower than SFTX's 18.20% return.

GGM

• 1D: -0.17%
• 1M: 6.45%
• 6M: 9.29%
• YTD: 11.95%
• 1Y: 17.66%
• 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)

GGM vs. SFTX - Yearly Performance Comparison

	2026 (YTD)	2025
GGM GGM Macro Alignment ETF	11.95%	0.64%
SFTX Horizon International Managed Risk ETF	18.20%	1.61%

Correlation

The correlation between GGM and SFTX is 0.55, 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	0.55

Return for Risk

GGM vs. SFTX — Risk / Return Rank

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

GGM

GGM Risk / Return Rank: 52
GGM Sharpe Ratio Rank: 51
GGM Sortino Ratio Rank: 51
GGM Omega Ratio Rank: 51
GGM Calmar Ratio Rank: 57
GGM Martin Ratio Rank: 51

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.

GGM vs. SFTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GGM Macro Alignment ETF (GGM) 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.

	GGM	SFTX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	—	—
Sortino ratio: Return per unit of downside risk	2.13	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.35	—	—
Martin ratio: Return relative to average drawdown	7.27	—	—

Drawdowns

GGM vs. SFTX - Drawdown Comparison

The maximum GGM drawdown since its inception was -19.68%, which is greater than SFTX's maximum drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for GGM and SFTX.

Drawdown Indicators

	GGM	SFTX	Difference
Max Drawdown Largest peak-to-trough decline	-19.68%	-12.75%	-6.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.54%	—	—
Current Drawdown Current decline from peak	-0.17%	-4.34%	+4.17%
Average Drawdown Average peak-to-trough decline	-5.13%	-2.71%	-2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	—	—

Volatility

Volatility by Period

	GGM	SFTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.93%	22.70%	-10.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.29%	22.70%	-9.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.29%	22.70%	-9.41%

GGM vs. SFTX - Expense Ratio Comparison

GGM has a 0.94% expense ratio, which is higher than SFTX's 0.82% expense ratio.

Dividends

GGM vs. SFTX - Dividend Comparison

GGM's dividend yield for the trailing twelve months is around 1.40%, more than SFTX's 0.21% yield.

Position	TTM	2025	2024	2023
GGM GGM Macro Alignment ETF	1.40%	1.57%	1.39%	0.50%
SFTX Horizon International Managed Risk ETF	0.21%	0.25%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GGM and SFTX in my portfolio?

GGM and SFTX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GGM or SFTX?

On fees, SFTX is cheaper at 0.82% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GGM or SFTX?

SFTX is cheaper with a 0.82% expense ratio, compared with 0.94% for GGM.

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

GGM has the higher dividend yield at 1.40%, compared with 0.21% for SFTX.

What is the main difference between GGM and SFTX?

They also come from different issuers: GGM Wealth Advisors and Horizon. Their fees differ too: 0.94% for GGM and 0.82% for SFTX.