SFTX vs. AGOX
SFTX (Horizon International Managed Risk ETF) and AGOX (Adaptive Alpha Opportunities ETF) are both Tactical Allocation funds. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. SFTX charges 0.82%/yr vs 1.33%/yr for AGOX.
Performance
SFTX vs. AGOX - Performance Comparison
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Returns By Period
In the year-to-date period, SFTX achieves a 18.83% return, which is significantly lower than AGOX's 20.12% return.
SFTX
- 1D
- -0.85%
- 1M
- 0.36%
- YTD
- 18.83%
- 6M
- 18.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGOX
- 1D
- 0.08%
- 1M
- 1.19%
- YTD
- 20.12%
- 6M
- 16.23%
- 1Y
- 24.28%
- 3Y*
- 17.30%
- 5Y*
- 8.47%
- 10Y*
- —
SFTX vs. AGOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SFTX Horizon International Managed Risk ETF | 18.83% | 1.61% |
AGOX Adaptive Alpha Opportunities ETF | 20.12% | -1.64% |
Correlation
The correlation between SFTX and AGOX is 0.66, 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 3, 2025 | 0.66 |
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Return for Risk
SFTX vs. AGOX — Risk / Return Rank
SFTX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AGOX
SFTX vs. AGOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon International Managed Risk ETF (SFTX) and Adaptive Alpha Opportunities ETF (AGOX). 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.
| SFTX | AGOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.59 | — |
| Martin ratioReturn relative to average drawdown | — | 5.79 | — |
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Drawdowns
SFTX vs. AGOX - Drawdown Comparison
The maximum SFTX drawdown since its inception was -12.75%, smaller than the maximum AGOX drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for SFTX and AGOX.
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Drawdown Indicators
| SFTX | AGOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.75% | -26.93% | +14.18% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.32% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.93% | — |
Current DrawdownCurrent decline from peak | -3.83% | -3.31% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -8.10% | +5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.20% | — |
Volatility
SFTX vs. AGOX - Volatility Comparison
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Volatility by Period
| SFTX | AGOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.81% | 18.77% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 19.75% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.81% | 19.66% | +3.15% |
SFTX vs. AGOX - Expense Ratio Comparison
SFTX has a 0.82% expense ratio, which is lower than AGOX's 1.33% expense ratio.
Dividends
SFTX vs. AGOX - Dividend Comparison
SFTX's dividend yield for the trailing twelve months is around 0.21%, less than AGOX's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AGOX Adaptive Alpha Opportunities ETF | 2.69% | 3.23% | 3.94% | 0.27% | 0.20% | 6.36% |
SFTX Horizon International Managed Risk ETF | 0.21% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SFTX and AGOX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SFTX is cheaper with a 0.82% expense ratio, compared with 1.33% for AGOX.
AGOX has the higher dividend yield at 2.69%, compared with 0.21% for SFTX.
They also come from different issuers: Horizon and Adaptive Funds. Their fees differ too: 0.82% for SFTX and 1.33% for AGOX.
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