SFTX vs. YNOT

Last updated Jun 4, 2026

SFTX (Horizon International Managed Risk ETF) and YNOT (Horizon Digital Frontier ETF) are both exchange-traded funds - SFTX is a Tactical Allocation fund actively managed by Horizon, while YNOT is a Technology Equities fund actively managed by Horizon. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure. SFTX charges 0.82%/yr vs 0.75%/yr for YNOT.

Performance

SFTX vs. YNOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon International Managed Risk ETF (SFTX) and Horizon Digital Frontier ETF (YNOT). 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 YNOT slightly lower at 21.63%.

SFTX

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

YNOT

• 1D: -1.88%
• 1M: 8.38%
• YTD: 21.63%
• 6M: 20.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFTX vs. YNOT - Yearly Performance Comparison

	2026 (YTD)	2025
SFTX Horizon International Managed Risk ETF	22.26%	1.61%
YNOT Horizon Digital Frontier ETF	21.63%	-1.31%

Correlation

The correlation between SFTX and YNOT is 0.83, 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 4, 2025	0.83

SFTX vs. YNOT - Sectors Allocation Comparison

Sectors	SFTX	YNOT
Technology	28.2%	47.3%
Financial Services	16.2%	1.9%
Industrials	12.1%	17.2%
Healthcare	10.1%	0.8%
Basic Materials	8.6%	8.4%
Energy	8.0%	0.7%
Consumer Cyclical	5.9%	8.9%
Communication Services	4.5%	13.4%
Consumer Defensive	3.7%	-
Utilities	1.9%	1.4%
Real Estate	0.9%	-

Return for Risk

SFTX vs. YNOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon International Managed Risk ETF (SFTX) and Horizon Digital Frontier ETF (YNOT). 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	YNOT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.57	1.77	+0.80

Drawdowns

SFTX vs. YNOT - Drawdown Comparison

The maximum SFTX drawdown since its inception was -12.75%, smaller than the maximum YNOT drawdown of -16.73%. Use the drawdown chart below to compare losses from any high point for SFTX and YNOT.

Drawdown Indicators

	SFTX	YNOT	Difference
Max Drawdown Largest peak-to-trough decline	-12.75%	-16.73%	+3.98%
Current Drawdown Current decline from peak	-0.29%	-1.88%	+1.59%
Average Drawdown Average peak-to-trough decline	-2.78%	-3.74%	+0.96%

Volatility

Volatility by Period

	SFTX	YNOT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.65%	23.11%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	23.11%	-1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.65%	23.11%	-1.46%

SFTX vs. YNOT - Expense Ratio Comparison

SFTX has a 0.82% expense ratio, which is higher than YNOT's 0.75% expense ratio.

Dividends

SFTX vs. YNOT - Dividend Comparison

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

Position	TTM	2025
SFTX Horizon International Managed Risk ETF	0.20%	0.25%
YNOT Horizon Digital Frontier ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFTX and YNOT in my portfolio?

SFTX and YNOT have a correlation of 0.83, 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 YNOT?

On fees, YNOT is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFTX or YNOT?

YNOT is cheaper with a 0.75% expense ratio, compared with 0.82% for SFTX.

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

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

What is the main difference between SFTX and YNOT?

SFTX is categorized as Tactical Allocation, while YNOT is Technology Equities. Their fees differ too: 0.82% for SFTX and 0.75% for YNOT.