SFTX vs. DALI
SFTX (Horizon International Managed Risk ETF) and DALI (First Trust Dorsey Wright DALI 1 ETF) are both Tactical Allocation funds. SFTX is actively managed, while DALI is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. SFTX charges 0.82%/yr vs 0.90%/yr for DALI.
Performance
SFTX vs. DALI - Performance Comparison
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Returns By Period
In the year-to-date period, SFTX achieves a 19.84% return, which is significantly higher than DALI's 3.48% return.
SFTX
- 1D
- -3.01%
- 1M
- 1.22%
- YTD
- 19.84%
- 6M
- 19.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DALI
- 1D
- -3.36%
- 1M
- -2.43%
- YTD
- 3.48%
- 6M
- 1.88%
- 1Y
- 16.11%
- 3Y*
- 6.35%
- 5Y*
- 4.20%
- 10Y*
- —
SFTX vs. DALI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SFTX Horizon International Managed Risk ETF | 19.84% | 1.61% |
DALI First Trust Dorsey Wright DALI 1 ETF | 3.48% | 1.46% |
Correlation
The correlation between SFTX and DALI is 0.87, 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 3, 2025 | 0.87 |
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Return for Risk
SFTX vs. DALI — Risk / Return Rank
SFTX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DALI
SFTX vs. DALI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon International Managed Risk ETF (SFTX) and First Trust Dorsey Wright DALI 1 ETF (DALI). 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 | DALI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.29 | — |
| Martin ratioReturn relative to average drawdown | — | 4.63 | — |
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Drawdowns
SFTX vs. DALI - Drawdown Comparison
The maximum SFTX drawdown since its inception was -12.75%, smaller than the maximum DALI drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for SFTX and DALI.
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Drawdown Indicators
| SFTX | DALI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.75% | -36.06% | +23.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.26% | — |
Current DrawdownCurrent decline from peak | -3.01% | -5.29% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -10.09% | +7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.48% | — |
Volatility
SFTX vs. DALI - Volatility Comparison
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Volatility by Period
| SFTX | DALI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.85% | 18.50% | +4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.85% | 19.88% | +2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.85% | 20.99% | +1.86% |
SFTX vs. DALI - Expense Ratio Comparison
SFTX has a 0.82% expense ratio, which is lower than DALI's 0.90% expense ratio.
Dividends
SFTX vs. DALI - Dividend Comparison
SFTX's dividend yield for the trailing twelve months is around 0.21%, less than DALI's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DALI First Trust Dorsey Wright DALI 1 ETF | 0.39% | 0.38% | 0.18% | 3.42% | 0.50% | 0.11% | 1.25% | 0.45% | 0.17% |
SFTX Horizon International Managed Risk ETF | 0.21% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SFTX and DALI have a correlation of 0.87, 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 0.90% for DALI.
DALI has the higher dividend yield at 0.39%, compared with 0.21% for SFTX.
They also come from different issuers: Horizon and First Trust. Their fees differ too: 0.82% for SFTX and 0.90% for DALI.
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