MEDX vs. SFTY
MEDX (Horizon Kinetics Medical ETF) and SFTY (Horizon Managed Risk ETF) are both exchange-traded funds - MEDX is a Health & Biotech Equities fund actively managed by Horizon, while SFTY is a Tactical Allocation fund managed by Horizon. Over the past year, MEDX returned 34.81% vs 20.26% for SFTY. At a 0.26 correlation, their price movements are largely independent. MEDX charges 0.85%/yr vs 0.77%/yr for SFTY.
Performance
MEDX vs. SFTY - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MEDX having a 7.32% return and SFTY slightly lower at 7.29%.
MEDX
- 1D
- 1.39%
- 1M
- 5.99%
- YTD
- 7.32%
- 6M
- 6.24%
- 1Y
- 34.81%
- 3Y*
- 8.25%
- 5Y*
- —
- 10Y*
- —
SFTY
- 1D
- -0.10%
- 1M
- -1.98%
- YTD
- 7.29%
- 6M
- 5.93%
- 1Y
- 20.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEDX vs. SFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MEDX Horizon Kinetics Medical ETF | 7.32% | 25.61% |
SFTY Horizon Managed Risk ETF | 7.29% | 12.10% |
Correlation
The correlation between MEDX and SFTY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.26 |
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Return for Risk
MEDX vs. SFTY — Risk / Return Rank
MEDX
SFTY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MEDX vs. SFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Medical ETF (MEDX) 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.
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.
| MEDX | SFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | — | — |
| Martin ratioReturn relative to average drawdown | 9.13 | — | — |
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Drawdowns
MEDX vs. SFTY - Drawdown Comparison
The maximum MEDX drawdown since its inception was -23.10%, which is greater than SFTY's maximum drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for MEDX and SFTY.
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Drawdown Indicators
| MEDX | SFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.10% | -8.64% | -14.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.54% | -8.64% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -23.10% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.64% | +2.64% |
Average DrawdownAverage peak-to-trough decline | -6.64% | -1.14% | -5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | — | — |
Volatility
MEDX vs. SFTY - Volatility Comparison
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Volatility by Period
| MEDX | SFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.19% | 12.03% | +6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.00% | 12.03% | +4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 12.03% | +4.97% |
MEDX vs. SFTY - Expense Ratio Comparison
MEDX has a 0.85% expense ratio, which is higher than SFTY's 0.77% expense ratio.
Dividends
MEDX vs. SFTY - Dividend Comparison
MEDX's dividend yield for the trailing twelve months is around 1.15%, more than SFTY's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MEDX Horizon Kinetics Medical ETF | 1.15% | 1.23% | 1.92% | 4.94% |
SFTY Horizon Managed Risk ETF | 0.18% | 0.19% | 0.00% | 0.00% |
Frequently Asked Questions
MEDX and SFTY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, MEDX leads with 34.81% vs 20.26% for 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.
Over the 1-year period, MEDX has performed better with a 34.81% return vs 20.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SFTY is cheaper with a 0.77% expense ratio, compared with 0.85% for MEDX.
MEDX has the higher dividend yield at 1.15%, compared with 0.18% for SFTY.
MEDX is categorized as Health & Biotech Equities, while SFTY is Tactical Allocation. Their fees differ too: 0.85% for MEDX and 0.77% for SFTY.
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