SFTX vs. NVIR

Last updated Jun 4, 2026

SFTX (Horizon International Managed Risk ETF) and NVIR (Horizon Kinetics Energy Remediation ETF) are both exchange-traded funds - SFTX is a Tactical Allocation fund actively managed by Horizon, while NVIR is a Energy Equities fund actively managed by Horizon. Both are actively managed. At a 0.11 correlation, their price movements are largely independent. SFTX charges 0.82%/yr vs 0.85%/yr for NVIR.

Performance

SFTX vs. NVIR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon International Managed Risk ETF (SFTX) and Horizon Kinetics Energy Remediation ETF (NVIR). 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 22.26% return and NVIR slightly lower at 22.17%.

SFTX

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

NVIR

• 1D: 0.66%
• 1M: -1.59%
• YTD: 22.17%
• 6M: 19.29%
• 1Y: 34.67%
• 3Y*: 19.49%
• 5Y*: —
• 10Y*: —

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

SFTX vs. NVIR - Yearly Performance Comparison

	2026 (YTD)	2025
SFTX Horizon International Managed Risk ETF	22.26%	1.61%
NVIR Horizon Kinetics Energy Remediation ETF	22.17%	-2.36%

Correlation

The correlation between SFTX and NVIR is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.11

SFTX vs. NVIR - Sectors Allocation Comparison

Sectors	SFTX	NVIR
Technology	28.2%	2.6%
Financial Services	16.2%	-
Industrials	12.1%	11.1%
Healthcare	10.1%	1.1%
Basic Materials	8.6%	1.6%
Energy	8.0%	78.9%
Consumer Cyclical	5.9%	-
Communication Services	4.5%	-
Consumer Defensive	3.7%	-
Utilities	1.9%	3.1%
Real Estate	0.9%	-

Return for Risk

SFTX vs. NVIR — Risk / Return Rank

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

NVIR

NVIR Risk / Return Rank: 70
NVIR Sharpe Ratio Rank: 66
NVIR Sortino Ratio Rank: 62
NVIR Omega Ratio Rank: 62
NVIR Calmar Ratio Rank: 87
NVIR Martin Ratio Rank: 75

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. NVIR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon International Managed Risk ETF (SFTX) and Horizon Kinetics Energy Remediation ETF (NVIR). 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	NVIR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.57	0.90	+1.67

Drawdowns

SFTX vs. NVIR - Drawdown Comparison

The maximum SFTX drawdown since its inception was -12.75%, smaller than the maximum NVIR drawdown of -22.47%. Use the drawdown chart below to compare losses from any high point for SFTX and NVIR.

Drawdown Indicators

	SFTX	NVIR	Difference
Max Drawdown Largest peak-to-trough decline	-12.75%	-22.47%	+9.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.47%	—
Current Drawdown Current decline from peak	-0.29%	-3.08%	+2.79%
Average Drawdown Average peak-to-trough decline	-2.78%	-4.58%	+1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.43%	—

Volatility

Volatility by Period

	SFTX	NVIR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.65%	16.05%	+5.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	19.24%	+2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.65%	19.24%	+2.41%

SFTX vs. NVIR - Expense Ratio Comparison

SFTX has a 0.82% expense ratio, which is lower than NVIR's 0.85% expense ratio.

Dividends

SFTX vs. NVIR - Dividend Comparison

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

Position	TTM	2025	2024	2023
NVIR Horizon Kinetics Energy Remediation ETF	0.75%	0.92%	1.50%	1.34%
SFTX Horizon International Managed Risk ETF	0.20%	0.25%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFTX and NVIR in my portfolio?

SFTX and NVIR have a correlation of 0.11, 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 NVIR?

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 NVIR?

SFTX is cheaper with a 0.82% expense ratio, compared with 0.85% for NVIR.

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

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

What is the main difference between SFTX and NVIR?

SFTX is categorized as Tactical Allocation, while NVIR is Energy Equities. Their fees differ too: 0.82% for SFTX and 0.85% for NVIR.