QGRD vs. SFTY

Last updated Jul 18, 2026

QGRD (Horizon NASDAQ-100 Defined Risk ETF) and SFTY (Horizon Managed Risk ETF) are both exchange-traded funds - QGRD is a Equity Hedged fund actively managed by Horizon, while SFTY is a Tactical Allocation fund managed by Horizon. Over the past year, QGRD returned 17.35% vs 19.40% for SFTY. Their correlation of 0.88 suggests significant overlap in exposure. QGRD charges 0.85%/yr vs 0.77%/yr for SFTY.

Performance

QGRD vs. SFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon NASDAQ-100 Defined Risk ETF (QGRD) and Horizon Managed Risk ETF (SFTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with QGRD having a 9.19% return and SFTY slightly lower at 8.99%.

QGRD

• 1D: -0.94%
• 1M: -2.80%
• 6M: 7.92%
• YTD: 9.19%
• 1Y: 17.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SFTY

• 1D: -0.94%
• 1M: 0.59%
• 6M: 7.35%
• YTD: 8.99%
• 1Y: 19.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QGRD vs. SFTY - Yearly Performance Comparison

	2026 (YTD)	2025
QGRD Horizon NASDAQ-100 Defined Risk ETF	9.19%	8.15%
SFTY Horizon Managed Risk ETF	8.99%	10.08%

Correlation

The correlation between QGRD and SFTY is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.88

The correlation between QGRD and SFTY has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.

Return for Risk

QGRD vs. SFTY — Risk / Return Rank

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

QGRD

QGRD Risk / Return Rank: 43
QGRD Sharpe Ratio Rank: 43
QGRD Sortino Ratio Rank: 40
QGRD Omega Ratio Rank: 41
QGRD Calmar Ratio Rank: 47
QGRD Martin Ratio Rank: 45

SFTY

SFTY Risk / Return Rank: 66
SFTY Sharpe Ratio Rank: 66
SFTY Sortino Ratio Rank: 65
SFTY Omega Ratio Rank: 65
SFTY Calmar Ratio Rank: 60
SFTY 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.

QGRD vs. SFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon NASDAQ-100 Defined Risk ETF (QGRD) 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.

	QGRD	SFTY	Difference
Sharpe ratio: Return per unit of total volatility	1.18	1.62	-0.44
Sortino ratio: Return per unit of downside risk	1.64	2.27	-0.63
Omega ratio: Gain probability vs. loss probability	1.21	1.29	-0.08
Calmar ratio: Return relative to maximum drawdown	1.85	2.26	-0.40
Martin ratio: Return relative to average drawdown	5.55	10.08	-4.52

QGRD vs. SFTY - Sharpe Ratio Comparison

The current QGRD Sharpe Ratio is 1.18, which is comparable to the SFTY Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of QGRD and SFTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QGRD vs. SFTY - Drawdown Comparison

The maximum QGRD drawdown since its inception was -9.41%, which is greater than SFTY's maximum drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for QGRD and SFTY.

Drawdown Indicators

	QGRD	SFTY	Difference
Max Drawdown Largest peak-to-trough decline	-9.41%	-8.64%	-0.77%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-8.64%	-0.77%
Current Drawdown Current decline from peak	-5.24%	-1.45%	-3.79%
Average Drawdown Average peak-to-trough decline	-2.26%	-1.12%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	1.93%	+1.20%

Volatility

QGRD vs. SFTY - Volatility Comparison

Horizon NASDAQ-100 Defined Risk ETF (QGRD) has a higher volatility of 5.81% compared to Horizon Managed Risk ETF (SFTY) at 2.93%. This indicates that QGRD's price experiences larger fluctuations and is considered to be riskier than SFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QGRD	SFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	2.93%	+2.88%
Volatility (6M) Calculated over the trailing 6-month period	11.69%	9.46%	+2.23%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	12.05%	+2.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.61%	11.86%	+2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.61%	11.86%	+2.75%

QGRD vs. SFTY - Expense Ratio Comparison

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

Dividends

QGRD vs. SFTY - Dividend Comparison

QGRD's dividend yield for the trailing twelve months is around 1.43%, more than SFTY's 0.17% yield.

Position	TTM	2025
QGRD Horizon NASDAQ-100 Defined Risk ETF	1.43%	1.57%
SFTY Horizon Managed Risk ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both QGRD and SFTY in my portfolio?

QGRD and SFTY have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QGRD or SFTY?

QGRD has higher volatility (5.81%) compared to SFTY (2.93%). In terms of maximum drawdown, QGRD dropped -9.41% vs SFTY's -8.64%.

Which ETF is better, QGRD or SFTY?

On 1-year performance, SFTY leads with 19.40% vs 17.35% for QGRD. On fees, SFTY is cheaper at 0.77% per year. On volatility, SFTY has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QGRD or SFTY?

Over the 1-year period, SFTY has performed better with a 19.40% return vs 17.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QGRD or SFTY?

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

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

QGRD has the higher dividend yield at 1.43%, compared with 0.17% for SFTY.

What is the main difference between QGRD and SFTY?

QGRD is categorized as Equity Hedged, while SFTY is Tactical Allocation. Their fees differ too: 0.85% for QGRD and 0.77% for SFTY.

Which has better risk-adjusted returns?

SFTY currently has the higher Sharpe Ratio (1.62 vs 1.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.