ORO vs. SFTX

Last updated Jun 4, 2026

ORO (Arrow Valtoro ETF) and SFTX (Horizon International Managed Risk ETF) are both Tactical Allocation funds. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. ORO charges 1.25%/yr vs 0.82%/yr for SFTX.

Performance

ORO vs. SFTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow Valtoro ETF (ORO) 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, ORO achieves a 7.13% return, which is significantly lower than SFTX's 22.26% return.

ORO

• 1D: -0.51%
• 1M: -3.85%
• YTD: 7.13%
• 6M: 6.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SFTX

• 1D: -0.29%
• 1M: 7.93%
• YTD: 22.26%
• 6M: 24.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORO vs. SFTX - Yearly Performance Comparison

	2026 (YTD)	2025
ORO Arrow Valtoro ETF	7.13%	-0.80%
SFTX Horizon International Managed Risk ETF	22.26%	1.61%

Correlation

The correlation between ORO and SFTX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.55

Return for Risk

ORO vs. SFTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow Valtoro ETF (ORO) 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

	ORO	SFTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	2.57	-2.74

Drawdowns

ORO vs. SFTX - Drawdown Comparison

The maximum ORO drawdown since its inception was -12.46%, roughly equal to the maximum SFTX drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for ORO and SFTX.

Drawdown Indicators

	ORO	SFTX	Difference
Max Drawdown Largest peak-to-trough decline	-12.46%	-12.75%	+0.29%
Current Drawdown Current decline from peak	-6.56%	-0.29%	-6.27%
Average Drawdown Average peak-to-trough decline	-6.54%	-2.78%	-3.76%

Volatility

Volatility by Period

	ORO	SFTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.68%	21.65%	+2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.68%	21.65%	+2.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.68%	21.65%	+2.03%

ORO vs. SFTX - Expense Ratio Comparison

ORO has a 1.25% expense ratio, which is higher than SFTX's 0.82% expense ratio.

Dividends

ORO vs. SFTX - Dividend Comparison

ORO has not paid dividends to shareholders, while SFTX's dividend yield for the trailing twelve months is around 0.20%.

Position	TTM	2025
ORO Arrow Valtoro ETF	0.00%	0.00%
SFTX Horizon International Managed Risk ETF	0.20%	0.25%

Frequently Asked Questions

Can I hold both ORO and SFTX in my portfolio?

ORO and SFTX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ORO or SFTX?

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.

Which ETF is cheaper, ORO or SFTX?

SFTX is cheaper with a 0.82% expense ratio, compared with 1.25% for ORO.

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

SFTX has the higher dividend yield at 0.20%, compared with 0.00% for ORO.

What is the main difference between ORO and SFTX?

They also come from different issuers: Arrow Funds and Horizon. Their fees differ too: 1.25% for ORO and 0.82% for SFTX.