SFTX vs. ORO

Last updated Jun 4, 2026

SFTX (Horizon International Managed Risk ETF) and ORO (Arrow Valtoro ETF) are both Tactical Allocation funds. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. SFTX charges 0.82%/yr vs 1.25%/yr for ORO.

Performance

SFTX vs. ORO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon International Managed Risk ETF (SFTX) and Arrow Valtoro ETF (ORO). 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 ORO's 7.13% return.

SFTX

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

ORO

• 1D: -0.51%
• 1M: -3.85%
• YTD: 7.13%
• 6M: 6.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFTX vs. ORO - Yearly Performance Comparison

	2026 (YTD)	2025
SFTX Horizon International Managed Risk ETF	22.26%	1.61%
ORO Arrow Valtoro ETF	7.13%	-0.80%

Correlation

The correlation between SFTX and ORO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.55

Return for Risk

SFTX vs. ORO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon International Managed Risk ETF (SFTX) and Arrow Valtoro ETF (ORO). 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	ORO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.57	-0.17	+2.74

Drawdowns

SFTX vs. ORO - Drawdown Comparison

The maximum SFTX drawdown since its inception was -12.75%, roughly equal to the maximum ORO drawdown of -12.46%. Use the drawdown chart below to compare losses from any high point for SFTX and ORO.

Drawdown Indicators

	SFTX	ORO	Difference
Max Drawdown Largest peak-to-trough decline	-12.75%	-12.46%	-0.29%
Current Drawdown Current decline from peak	-0.29%	-6.56%	+6.27%
Average Drawdown Average peak-to-trough decline	-2.78%	-6.54%	+3.76%

Volatility

Volatility by Period

	SFTX	ORO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.65%	23.68%	-2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	23.68%	-2.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.65%	23.68%	-2.03%

SFTX vs. ORO - Expense Ratio Comparison

SFTX has a 0.82% expense ratio, which is lower than ORO's 1.25% expense ratio.

Dividends

SFTX vs. ORO - Dividend Comparison

SFTX's dividend yield for the trailing twelve months is around 0.20%, while ORO has not paid dividends to shareholders.

Position	TTM	2025
ORO Arrow Valtoro ETF	0.00%	0.00%
SFTX Horizon International Managed Risk ETF	0.20%	0.25%

Frequently Asked Questions

Can I hold both SFTX and ORO in my portfolio?

SFTX and ORO have a correlation of 0.55, 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 ORO?

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 ORO?

SFTX is cheaper with a 0.82% expense ratio, compared with 1.25% for ORO.

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

SFTX has the higher dividend yield at 0.20%, compared with 0.00% for ORO.

What is the main difference between SFTX and ORO?

They also come from different issuers: Horizon and Arrow Funds. Their fees differ too: 0.82% for SFTX and 1.25% for ORO.