HBTA vs. SFTX
HBTA (Horizon Expedition Plus ETF) and SFTX (Horizon International Managed Risk ETF) are both exchange-traded funds - HBTA is a Derivative Income fund actively managed by Horizon, while SFTX is a Tactical Allocation fund actively managed by Horizon. Both are actively managed. Their correlation of 0.81 means they have usually moved in the same direction. HBTA charges 0.85%/yr vs 0.82%/yr for SFTX.
Performance
HBTA vs. SFTX - Performance Comparison
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Returns By Period
In the year-to-date period, HBTA achieves a 10.56% return, which is significantly lower than SFTX's 18.32% return.
HBTA
- 1D
- 2.33%
- 1M
- -0.34%
- 6M
- 8.25%
- YTD
- 10.56%
- 1Y
- 25.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.03%
SFTX
- 1D
- 0.07%
- 1M
- -0.69%
- 6M
- 9.69%
- YTD
- 18.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.09M | $3.31M | $2.82M | |
| $27.10M | $13.45M | $8.15M |
HBTA vs. SFTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBTA Horizon Expedition Plus ETF | 10.56% | 0.46% |
SFTX Horizon International Managed Risk ETF | 18.32% | 1.61% |
Correlation
The correlation between HBTA and SFTX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | 0.81 |
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Return for Risk
HBTA vs. SFTX — Risk / Return Rank
HBTA
SFTX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HBTA vs. SFTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Expedition Plus ETF (HBTA) 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.
| HBTA | SFTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | — | — |
| Martin ratioReturn relative to average drawdown | 7.73 | — | — |
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Drawdowns
HBTA vs. SFTX - Drawdown Comparison
The maximum HBTA drawdown since its inception was -26.73%, which is greater than SFTX's maximum drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for HBTA and SFTX.
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Drawdown Indicators
| HBTA | SFTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.73% | -12.75% | -13.98% |
Max Drawdown (1Y)Largest decline over 1 year | -13.18% | — | — |
Current DrawdownCurrent decline from peak | -3.73% | -4.24% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -2.96% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | — | — |
Volatility
HBTA vs. SFTX - Volatility Comparison
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Volatility by Period
| HBTA | SFTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.87% | 22.41% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.18% | 22.41% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.18% | 22.41% | +2.77% |
HBTA vs. SFTX - Expense Ratio Comparison
HBTA has a 0.85% expense ratio, which is higher than SFTX's 0.82% expense ratio.
Dividends
HBTA vs. SFTX - Dividend Comparison
HBTA's dividend yield for the trailing twelve months is around 0.58%, more than SFTX's 0.21% yield.
| Position | TTM | 2025 |
|---|---|---|
HBTA Horizon Expedition Plus ETF | 0.58% | 0.64% |
SFTX Horizon International Managed Risk ETF | 0.21% | 0.25% |
Frequently Asked Questions
HBTA and SFTX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SFTX is cheaper with a 0.82% expense ratio, compared with 0.85% for HBTA.
HBTA has the higher dividend yield at 0.58%, compared with 0.21% for SFTX.
HBTA is categorized as Derivative Income, while SFTX is Tactical Allocation. Their fees differ too: 0.85% for HBTA and 0.82% for SFTX.
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