SFTX vs. NVIR
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
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Returns By Period
In the year-to-date period, SFTX achieves a 17.47% return, which is significantly lower than NVIR's 18.96% return.
SFTX
- 1D
- -1.28%
- 1M
- -4.23%
- 6M
- 11.15%
- YTD
- 17.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVIR
- 1D
- 1.10%
- 1M
- 2.36%
- 6M
- 12.97%
- YTD
- 18.96%
- 1Y
- 28.78%
- 3Y*
- 16.23%
- 5Y*
- —
- 10Y*
- —
SFTX vs. NVIR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SFTX Horizon International Managed Risk ETF | 17.47% | 1.61% |
NVIR Horizon Kinetics Energy Remediation ETF | 18.96% | -0.18% |
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 3, 2025 | 0.11 |
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Return for Risk
SFTX vs. NVIR — Risk / Return Rank
SFTX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NVIR
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.
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 | NVIR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.18 | — |
| Martin ratioReturn relative to average drawdown | — | 8.76 | — |
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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.
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Drawdown Indicators
| SFTX | NVIR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.75% | -22.47% | +9.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.09% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.47% | — |
Current DrawdownCurrent decline from peak | -4.93% | -5.63% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -4.65% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.29% | — |
Volatility
SFTX vs. NVIR - Volatility Comparison
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Volatility by Period
| SFTX | NVIR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.43% | 16.86% | +5.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.43% | 19.28% | +3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.43% | 19.28% | +3.15% |
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 0.21%, less than NVIR's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NVIR Horizon Kinetics Energy Remediation ETF | 0.77% | 0.92% | 1.50% | 1.34% |
SFTX Horizon International Managed Risk ETF | 0.21% | 0.25% | 0.00% | 0.00% |
Frequently Asked Questions
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.
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 0.85% for NVIR.
NVIR has the higher dividend yield at 0.77%, compared with 0.21% for SFTX.
SFTX is categorized as Tactical Allocation, while NVIR is Energy Equities. Their fees differ too: 0.82% for SFTX and 0.85% for NVIR.
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