SFTY vs. BNDY

Last updated Jun 4, 2026

SFTY (Horizon Managed Risk ETF) and BNDY (Horizon Core Bond ETF) are both exchange-traded funds - SFTY is a Tactical Allocation fund managed by Horizon, while BNDY is a Intermediate Core Bond fund actively managed by Horizon. At a 0.47 correlation, their price movements are largely independent. SFTY charges 0.77%/yr vs 0.66%/yr for BNDY.

Performance

SFTY vs. BNDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Managed Risk ETF (SFTY) and Horizon Core Bond ETF (BNDY). 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 higher than BNDY's 0.87% return.

SFTY

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

BNDY

• 1D: -0.21%
• 1M: 0.53%
• YTD: 0.87%
• 6M: 1.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFTY vs. BNDY - Yearly Performance Comparison

	2026 (YTD)	2025
SFTY Horizon Managed Risk ETF	9.84%	9.85%
BNDY Horizon Core Bond ETF	0.87%	5.34%

Correlation

The correlation between SFTY and BNDY is 0.47, 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 Jul 7, 2025	0.47

Return for Risk

SFTY vs. BNDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Managed Risk ETF (SFTY) and Horizon Core Bond ETF (BNDY). 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	BNDY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	1.37	+0.74

Drawdowns

SFTY vs. BNDY - Drawdown Comparison

The maximum SFTY drawdown since its inception was -8.64%, which is greater than BNDY's maximum drawdown of -3.93%. Use the drawdown chart below to compare losses from any high point for SFTY and BNDY.

Drawdown Indicators

	SFTY	BNDY	Difference
Max Drawdown Largest peak-to-trough decline	-8.64%	-3.93%	-4.71%
Current Drawdown Current decline from peak	-0.32%	-1.16%	+0.84%
Average Drawdown Average peak-to-trough decline	-1.10%	-0.62%	-0.48%

Volatility

Volatility by Period

	SFTY	BNDY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.64%	5.01%	+6.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.64%	5.01%	+6.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.64%	5.01%	+6.63%

SFTY vs. BNDY - Expense Ratio Comparison

SFTY has a 0.77% expense ratio, which is higher than BNDY's 0.66% expense ratio.

Dividends

SFTY vs. BNDY - Dividend Comparison

SFTY's dividend yield for the trailing twelve months is around 0.17%, less than BNDY's 4.83% yield.

Position	TTM	2025
BNDY Horizon Core Bond ETF	4.83%	1.89%
SFTY Horizon Managed Risk ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both SFTY and BNDY in my portfolio?

SFTY and BNDY have a correlation of 0.47, 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 BNDY?

On fees, BNDY is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFTY or BNDY?

BNDY is cheaper with a 0.66% expense ratio, compared with 0.77% for SFTY.

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

BNDY has the higher dividend yield at 4.83%, compared with 0.17% for SFTY.

What is the main difference between SFTY and BNDY?

SFTY is categorized as Tactical Allocation, while BNDY is Intermediate Core Bond. Their fees differ too: 0.77% for SFTY and 0.66% for BNDY.