SFTX vs. ASGM

Last updated Jun 5, 2026

SFTX (Horizon International Managed Risk ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both Tactical Allocation funds. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. SFTX charges 0.82%/yr vs 0.86%/yr for ASGM.

Performance

SFTX vs. ASGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon International Managed Risk ETF (SFTX) and Virtus AlphaSimplex Global Macro ETF (ASGM). 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 SFTX having a 22.73% return and ASGM slightly lower at 22.28%.

SFTX

• 1D: 0.38%
• 1M: 5.80%
• YTD: 22.73%
• 6M: 24.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASGM

• 1D: -0.20%
• 1M: 6.11%
• YTD: 22.28%
• 6M: 24.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFTX vs. ASGM - Yearly Performance Comparison

	2026 (YTD)	2025
SFTX Horizon International Managed Risk ETF	22.73%	1.61%
ASGM Virtus AlphaSimplex Global Macro ETF	22.28%	1.26%

Correlation

The correlation between SFTX and ASGM is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.85

Return for Risk

SFTX vs. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon International Managed Risk ETF (SFTX) and Virtus AlphaSimplex Global Macro ETF (ASGM). 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

	SFTX	ASGM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.61	2.91	-0.30

Drawdowns

SFTX vs. ASGM - Drawdown Comparison

The maximum SFTX drawdown since its inception was -12.75%, which is greater than ASGM's maximum drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for SFTX and ASGM.

Drawdown Indicators

	SFTX	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	-12.75%	-6.62%	-6.13%
Current Drawdown Current decline from peak	0.00%	-0.73%	+0.73%
Average Drawdown Average peak-to-trough decline	-2.76%	-1.22%	-1.54%

Volatility

Volatility by Period

	SFTX	ASGM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.56%	15.63%	+5.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.56%	15.63%	+5.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.56%	15.63%	+5.93%

SFTX vs. ASGM - Expense Ratio Comparison

SFTX has a 0.82% expense ratio, which is lower than ASGM's 0.86% expense ratio.

Dividends

SFTX vs. ASGM - Dividend Comparison

SFTX's dividend yield for the trailing twelve months is around 0.20%, less than ASGM's 3.70% yield.

Position	TTM	2025
ASGM Virtus AlphaSimplex Global Macro ETF	3.70%	4.52%
SFTX Horizon International Managed Risk ETF	0.20%	0.25%

Frequently Asked Questions

Can I hold both SFTX and ASGM in my portfolio?

SFTX and ASGM have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SFTX or ASGM?

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, SFTX or ASGM?

SFTX is cheaper with a 0.82% expense ratio, compared with 0.86% for ASGM.

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

ASGM has the higher dividend yield at 3.70%, compared with 0.20% for SFTX.

What is the main difference between SFTX and ASGM?

They also come from different issuers: Horizon and Virtus. Their fees differ too: 0.82% for SFTX and 0.86% for ASGM.