SFTX vs. STOX

Last updated Jun 4, 2026

SFTX (Horizon International Managed Risk ETF) and STOX (Horizon Core Equity ETF) are both exchange-traded funds - SFTX is a Tactical Allocation fund actively managed by Horizon, while STOX is a Large Cap Blend Equities fund managed by Horizon. A 0.79 correlation means they provide meaningful diversification when combined. SFTX charges 0.82%/yr vs 0.70%/yr for STOX.

Performance

SFTX vs. STOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon International Managed Risk ETF (SFTX) and Horizon Core Equity ETF (STOX). 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 STOX's 10.00% return.

SFTX

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

STOX

• 1D: -0.18%
• 1M: 4.95%
• YTD: 10.00%
• 6M: 10.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFTX vs. STOX - Yearly Performance Comparison

	2026 (YTD)	2025
SFTX Horizon International Managed Risk ETF	22.26%	1.61%
STOX Horizon Core Equity ETF	10.00%	0.04%

Correlation

The correlation between SFTX and STOX is 0.79, 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	0.79

Return for Risk

SFTX vs. STOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon International Managed Risk ETF (SFTX) and Horizon Core Equity ETF (STOX). 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	STOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.57	2.08	+0.49

Drawdowns

SFTX vs. STOX - Drawdown Comparison

The maximum SFTX drawdown since its inception was -12.75%, which is greater than STOX's maximum drawdown of -9.33%. Use the drawdown chart below to compare losses from any high point for SFTX and STOX.

Drawdown Indicators

	SFTX	STOX	Difference
Max Drawdown Largest peak-to-trough decline	-12.75%	-9.33%	-3.42%
Current Drawdown Current decline from peak	-0.29%	-0.18%	-0.11%
Average Drawdown Average peak-to-trough decline	-2.78%	-1.16%	-1.62%

Volatility

Volatility by Period

	SFTX	STOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.65%	12.39%	+9.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	12.39%	+9.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.65%	12.39%	+9.26%

SFTX vs. STOX - Expense Ratio Comparison

SFTX has a 0.82% expense ratio, which is higher than STOX's 0.70% expense ratio.

Dividends

SFTX vs. STOX - Dividend Comparison

SFTX's dividend yield for the trailing twelve months is around 0.20%, more than STOX's 0.17% yield.

Position	TTM	2025
SFTX Horizon International Managed Risk ETF	0.20%	0.25%
STOX Horizon Core Equity ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both SFTX and STOX in my portfolio?

SFTX and STOX have a correlation of 0.79, 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 STOX?

On fees, STOX is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFTX or STOX?

STOX is cheaper with a 0.70% expense ratio, compared with 0.82% for SFTX.

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

SFTX has the higher dividend yield at 0.20%, compared with 0.17% for STOX.

What is the main difference between SFTX and STOX?

SFTX is categorized as Tactical Allocation, while STOX is Large Cap Blend Equities. Their fees differ too: 0.82% for SFTX and 0.70% for STOX.