SFTX vs. CLSM

Last updated Jun 4, 2026

SFTX (Horizon International Managed Risk ETF) and CLSM (Cabana Target Leading Sector Moderate ETF) are both Tactical Allocation funds. SFTX is actively managed, while CLSM is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.82% expense ratio.

Performance

SFTX vs. CLSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon International Managed Risk ETF (SFTX) and Cabana Target Leading Sector Moderate ETF (CLSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SFTX achieves a 22.26% return, which is significantly higher than CLSM's 20.45% return.

SFTX

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

CLSM

• 1D: -0.38%
• 1M: 9.23%
• YTD: 20.45%
• 6M: 20.19%
• 1Y: 34.21%
• 3Y*: 13.75%
• 5Y*: —
• 10Y*: —

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

SFTX vs. CLSM - Yearly Performance Comparison

	2026 (YTD)	2025
SFTX Horizon International Managed Risk ETF	22.26%	1.61%
CLSM Cabana Target Leading Sector Moderate ETF	20.45%	-0.22%

Correlation

The correlation between SFTX and CLSM is 0.84, 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	0.84

SFTX vs. CLSM - Sectors Allocation Comparison

Sectors	SFTX	CLSM
Technology	28.2%	51.8%
Financial Services	16.2%	0.1%
Industrials	12.1%	1.0%
Healthcare	10.1%	1.4%
Basic Materials	8.6%	0.4%
Energy	8.0%	0.2%
Consumer Cyclical	5.9%	4.4%
Communication Services	4.5%	5.5%
Consumer Defensive	3.7%	34.8%
Utilities	1.9%	0.5%
Real Estate	0.9%	0.0%

Return for Risk

SFTX vs. CLSM — Risk / Return Rank

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

CLSM

CLSM Risk / Return Rank: 82
CLSM Sharpe Ratio Rank: 83
CLSM Sortino Ratio Rank: 80
CLSM Omega Ratio Rank: 83
CLSM Calmar Ratio Rank: 80
CLSM Martin Ratio Rank: 83

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.

SFTX vs. CLSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon International Managed Risk ETF (SFTX) and Cabana Target Leading Sector Moderate ETF (CLSM). 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	CLSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.57	0.35	+2.22

Drawdowns

SFTX vs. CLSM - Drawdown Comparison

The maximum SFTX drawdown since its inception was -12.75%, smaller than the maximum CLSM drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for SFTX and CLSM.

Drawdown Indicators

	SFTX	CLSM	Difference
Max Drawdown Largest peak-to-trough decline	-12.75%	-27.77%	+15.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.60%	—
Current Drawdown Current decline from peak	-0.29%	-0.38%	+0.09%
Average Drawdown Average peak-to-trough decline	-2.78%	-16.49%	+13.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.05%	—

Volatility

Volatility by Period

	SFTX	CLSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.65%	12.70%	+8.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	12.47%	+9.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.65%	12.47%	+9.18%

SFTX vs. CLSM - Expense Ratio Comparison

Both SFTX and CLSM have an expense ratio of 0.82%.

Dividends

SFTX vs. CLSM - Dividend Comparison

SFTX's dividend yield for the trailing twelve months is around 0.20%, less than CLSM's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021
CLSM Cabana Target Leading Sector Moderate ETF	0.75%	0.90%	2.13%	2.58%	3.17%	0.59%
SFTX Horizon International Managed Risk ETF	0.20%	0.25%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFTX and CLSM in my portfolio?

SFTX and CLSM have a correlation of 0.84, 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 CLSM?

Both ETFs have the same 0.82% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFTX or CLSM?

SFTX and CLSM have the same expense ratio: 0.82% per year.

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

CLSM has the higher dividend yield at 0.75%, compared with 0.20% for SFTX.

What is the main difference between SFTX and CLSM?

They also come from different issuers: Horizon and Cabana.