HBTA vs. SFTY

Last updated Jun 4, 2026

HBTA (Horizon Expedition Plus ETF) and SFTY (Horizon Managed Risk ETF) are both exchange-traded funds - HBTA is a Derivative Income fund actively managed by Horizon, while SFTY is a Tactical Allocation fund managed by Horizon. With a 0.95 correlation, they move nearly in lockstep. HBTA charges 0.85%/yr vs 0.77%/yr for SFTY.

Performance

HBTA vs. SFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Expedition Plus ETF (HBTA) and Horizon Managed Risk ETF (SFTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HBTA achieves a 14.07% return, which is significantly higher than SFTY's 9.84% return.

HBTA

• 1D: -0.68%
• 1M: 7.20%
• YTD: 14.07%
• 6M: 14.43%
• 1Y: 38.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SFTY

• 1D: -0.32%
• 1M: 4.71%
• YTD: 9.84%
• 6M: 9.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HBTA vs. SFTY - Yearly Performance Comparison

	2026 (YTD)	2025
HBTA Horizon Expedition Plus ETF	14.07%	16.33%
SFTY Horizon Managed Risk ETF	9.84%	11.73%

Correlation

The correlation between HBTA and SFTY is 0.95 - 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 Jun 27, 2025	0.95

Return for Risk

HBTA vs. SFTY — Risk / Return Rank

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

HBTA

HBTA Risk / Return Rank: 67
HBTA Sharpe Ratio Rank: 70
HBTA Sortino Ratio Rank: 65
HBTA Omega Ratio Rank: 66
HBTA Calmar Ratio Rank: 60
HBTA Martin Ratio Rank: 74

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.

HBTA vs. SFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Expedition Plus ETF (HBTA) and Horizon Managed Risk ETF (SFTY). 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.

	HBTA	SFTY	Difference
Sharpe ratio: Return per unit of total volatility	2.24	—	—
Sortino ratio: Return per unit of downside risk	2.96	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.92	—	—
Martin ratio: Return relative to average drawdown	13.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HBTA	SFTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	2.11	-1.20

Drawdowns

HBTA vs. SFTY - Drawdown Comparison

The maximum HBTA drawdown since its inception was -26.73%, which is greater than SFTY's maximum drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for HBTA and SFTY.

Drawdown Indicators

	HBTA	SFTY	Difference
Max Drawdown Largest peak-to-trough decline	-26.73%	-8.64%	-18.09%
Max Drawdown (1Y) Largest decline over 1 year	-13.18%	—	—
Current Drawdown Current decline from peak	-0.68%	-0.32%	-0.36%
Average Drawdown Average peak-to-trough decline	-4.22%	-1.10%	-3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	—	—

Volatility

Volatility by Period

	HBTA	SFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.18%	11.64%	+5.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.85%	11.64%	+13.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.85%	11.64%	+13.21%

HBTA vs. SFTY - Expense Ratio Comparison

HBTA has a 0.85% expense ratio, which is higher than SFTY's 0.77% expense ratio.

Dividends

HBTA vs. SFTY - Dividend Comparison

HBTA's dividend yield for the trailing twelve months is around 0.56%, more than SFTY's 0.17% yield.

Position	TTM	2025
HBTA Horizon Expedition Plus ETF	0.56%	0.64%
SFTY Horizon Managed Risk ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both HBTA and SFTY in my portfolio?

With a correlation of 0.95, HBTA and SFTY 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, HBTA or SFTY?

On fees, SFTY is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HBTA or SFTY?

SFTY is cheaper with a 0.77% expense ratio, compared with 0.85% for HBTA.

Which ETF pays a higher dividend yield, HBTA or SFTY?

HBTA has the higher dividend yield at 0.56%, compared with 0.17% for SFTY.

What is the main difference between HBTA and SFTY?

HBTA is categorized as Derivative Income, while SFTY is Tactical Allocation. Their fees differ too: 0.85% for HBTA and 0.77% for SFTY.