SFTY vs. ASGM

Last updated Jun 4, 2026

SFTY (Horizon Managed Risk ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both Tactical Allocation funds. Their correlation of 0.84 suggests significant overlap in exposure. SFTY charges 0.77%/yr vs 0.86%/yr for ASGM.

Performance

SFTY vs. ASGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Managed Risk ETF (SFTY) and Virtus AlphaSimplex Global Macro ETF (ASGM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SFTY achieves a 9.84% return, which is significantly lower than ASGM's 22.52% return.

SFTY

• 1D: -0.32%
• 1M: 4.71%
• YTD: 9.84%
• 6M: 9.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASGM

• 1D: -0.53%
• 1M: 7.21%
• YTD: 22.52%
• 6M: 24.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFTY vs. ASGM - Yearly Performance Comparison

	2026 (YTD)	2025
SFTY Horizon Managed Risk ETF	9.84%	8.60%
ASGM Virtus AlphaSimplex Global Macro ETF	22.52%	11.57%

Correlation

The correlation between SFTY and ASGM is 0.84, 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 Aug 6, 2025	0.84

Return for Risk

SFTY vs. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Managed Risk ETF (SFTY) and Virtus AlphaSimplex Global Macro ETF (ASGM). 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

	SFTY	ASGM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	2.95	-0.83

Drawdowns

SFTY vs. ASGM - Drawdown Comparison

The maximum SFTY drawdown since its inception was -8.64%, which is greater than ASGM's maximum drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for SFTY and ASGM.

Drawdown Indicators

	SFTY	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	-8.64%	-6.62%	-2.02%
Current Drawdown Current decline from peak	-0.32%	-0.53%	+0.21%
Average Drawdown Average peak-to-trough decline	-1.10%	-1.22%	+0.12%

Volatility

Volatility by Period

	SFTY	ASGM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.64%	15.67%	-4.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.64%	15.67%	-4.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.64%	15.67%	-4.03%

SFTY vs. ASGM - Expense Ratio Comparison

SFTY has a 0.77% expense ratio, which is lower than ASGM's 0.86% expense ratio.

Dividends

SFTY vs. ASGM - Dividend Comparison

SFTY's dividend yield for the trailing twelve months is around 0.17%, less than ASGM's 3.69% yield.

Position	TTM	2025
ASGM Virtus AlphaSimplex Global Macro ETF	3.69%	4.52%
SFTY Horizon Managed Risk ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both SFTY and ASGM in my portfolio?

SFTY and ASGM have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SFTY or ASGM?

On fees, SFTY is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFTY or ASGM?

SFTY is cheaper with a 0.77% expense ratio, compared with 0.86% for ASGM.

Which ETF pays a higher dividend yield, SFTY or ASGM?

ASGM has the higher dividend yield at 3.69%, compared with 0.17% for SFTY.

What is the main difference between SFTY and ASGM?

They also come from different issuers: Horizon and Virtus. Their fees differ too: 0.77% for SFTY and 0.86% for ASGM.