NVIR vs. SFTY

Last updated Jun 3, 2026

NVIR (Horizon Kinetics Energy Remediation ETF) and SFTY (Horizon Managed Risk ETF) are both exchange-traded funds - NVIR is a Energy Equities fund actively managed by Horizon, while SFTY is a Tactical Allocation fund managed by Horizon. At a 0.20 correlation, their price movements are largely independent. NVIR charges 0.85%/yr vs 0.77%/yr for SFTY.

Performance

NVIR vs. SFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Kinetics Energy Remediation ETF (NVIR) 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, NVIR achieves a 21.37% return, which is significantly higher than SFTY's 10.20% return.

NVIR

• 1D: 1.44%
• 1M: -1.99%
• YTD: 21.37%
• 6M: 21.15%
• 1Y: 36.03%
• 3Y*: 19.23%
• 5Y*: —
• 10Y*: —

SFTY

• 1D: 0.17%
• 1M: 4.53%
• YTD: 10.20%
• 6M: 10.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVIR vs. SFTY - Yearly Performance Comparison

	2026 (YTD)	2025
NVIR Horizon Kinetics Energy Remediation ETF	21.37%	8.16%
SFTY Horizon Managed Risk ETF	10.20%	11.73%

Correlation

The correlation between NVIR and SFTY is 0.20, 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 27, 2025	0.20

Return for Risk

NVIR vs. SFTY — Risk / Return Rank

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

NVIR

NVIR Risk / Return Rank: 72
NVIR Sharpe Ratio Rank: 67
NVIR Sortino Ratio Rank: 62
NVIR Omega Ratio Rank: 62
NVIR Calmar Ratio Rank: 89
NVIR Martin Ratio Rank: 78

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.

NVIR vs. SFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Energy Remediation ETF (NVIR) 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.

	NVIR	SFTY	Difference
Sharpe ratio Return per unit of total volatility	2.26	—	—
Sortino ratio Return per unit of downside risk	2.98	—	—
Omega ratio Gain probability vs. loss probability	1.38	—	—
Calmar ratio Return relative to maximum drawdown	5.33	—	—
Martin ratio Return relative to average drawdown	15.46	—	—
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

	NVIR	SFTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	2.16	-1.27

Drawdowns

NVIR vs. SFTY - Drawdown Comparison

The maximum NVIR drawdown since its inception was -22.47%, which is greater than SFTY's maximum drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for NVIR and SFTY.

Drawdown Indicators

	NVIR	SFTY	Difference
Max Drawdown Largest peak-to-trough decline	-22.47%	-8.64%	-13.83%
Max Drawdown (1Y) Largest decline over 1 year	-7.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.47%	—	—
Current Drawdown Current decline from peak	-3.72%	0.00%	-3.72%
Average Drawdown Average peak-to-trough decline	-4.58%	-1.10%	-3.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	—	—

Volatility

Volatility by Period

	NVIR	SFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.07%	11.66%	+4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	11.66%	+7.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	11.66%	+7.59%

NVIR vs. SFTY - Expense Ratio Comparison

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

Dividends

NVIR vs. SFTY - Dividend Comparison

NVIR's dividend yield for the trailing twelve months is around 0.75%, more than SFTY's 0.17% yield.

Position	TTM	2025	2024	2023
NVIR Horizon Kinetics Energy Remediation ETF	0.75%	0.92%	1.50%	1.34%
SFTY Horizon Managed Risk ETF	0.17%	0.19%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVIR and SFTY in my portfolio?

NVIR and SFTY have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVIR 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, NVIR or SFTY?

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

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

NVIR has the higher dividend yield at 0.75%, compared with 0.17% for SFTY.

What is the main difference between NVIR and SFTY?

NVIR is categorized as Energy Equities, while SFTY is Tactical Allocation. Their fees differ too: 0.85% for NVIR and 0.77% for SFTY.