GMOD vs. SFTX

Last updated Jun 6, 2026

GMOD (GMO Dynamic Allocation ETF) and SFTX (Horizon International Managed Risk ETF) are both Tactical Allocation funds. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. GMOD charges 0.50%/yr vs 0.82%/yr for SFTX.

Performance

GMOD vs. SFTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Dynamic Allocation ETF (GMOD) 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, GMOD achieves a 5.74% return, which is significantly lower than SFTX's 16.88% return.

GMOD

• 1D: -1.79%
• 1M: -1.01%
• YTD: 5.74%
• 6M: 6.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SFTX

• 1D: -4.76%
• 1M: -2.44%
• YTD: 16.88%
• 6M: 18.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMOD vs. SFTX - Yearly Performance Comparison

	2026 (YTD)	2025
GMOD GMO Dynamic Allocation ETF	5.74%	1.18%
SFTX Horizon International Managed Risk ETF	16.88%	1.61%

Correlation

The correlation between GMOD and SFTX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.86

Return for Risk

GMOD vs. SFTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Dynamic Allocation ETF (GMOD) 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

	GMOD	SFTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	1.82	-0.05

Drawdowns

GMOD vs. SFTX - Drawdown Comparison

The maximum GMOD drawdown since its inception was -6.50%, smaller than the maximum SFTX drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for GMOD and SFTX.

Drawdown Indicators

	GMOD	SFTX	Difference
Max Drawdown Largest peak-to-trough decline	-6.50%	-12.75%	+6.25%
Current Drawdown Current decline from peak	-1.83%	-4.76%	+2.93%
Average Drawdown Average peak-to-trough decline	-1.16%	-2.78%	+1.62%

Volatility

Volatility by Period

	GMOD	SFTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	8.95%	22.59%	-13.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.95%	22.59%	-13.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.95%	22.59%	-13.64%

GMOD vs. SFTX - Expense Ratio Comparison

GMOD has a 0.50% expense ratio, which is lower than SFTX's 0.82% expense ratio.

Dividends

GMOD vs. SFTX - Dividend Comparison

GMOD's dividend yield for the trailing twelve months is around 0.88%, more than SFTX's 0.21% yield.

Position	TTM	2025
GMOD GMO Dynamic Allocation ETF	0.88%	0.93%
SFTX Horizon International Managed Risk ETF	0.21%	0.25%

Frequently Asked Questions

Can I hold both GMOD and SFTX in my portfolio?

GMOD and SFTX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMOD or SFTX?

On fees, GMOD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GMOD or SFTX?

GMOD is cheaper with a 0.50% expense ratio, compared with 0.82% for SFTX.

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

GMOD has the higher dividend yield at 0.88%, compared with 0.21% for SFTX.

What is the main difference between GMOD and SFTX?

They also come from different issuers: GMO and Horizon. Their fees differ too: 0.50% for GMOD and 0.82% for SFTX.