SFTY vs. DIVN

Last updated Jun 4, 2026

SFTY (Horizon Managed Risk ETF) and DIVN (Horizon Dividend Income ETF) are both exchange-traded funds - SFTY is a Tactical Allocation fund managed by Horizon, while DIVN is a Large Cap Value Equities fund managed by Horizon. At a 0.37 correlation, their price movements are largely independent. SFTY charges 0.77%/yr vs 0.70%/yr for DIVN.

Performance

SFTY vs. DIVN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Managed Risk ETF (SFTY) and Horizon Dividend Income ETF (DIVN). 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 DIVN's 11.87% return.

SFTY

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

DIVN

• 1D: 0.21%
• 1M: 3.29%
• YTD: 11.87%
• 6M: 11.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFTY vs. DIVN - Yearly Performance Comparison

	2026 (YTD)	2025
SFTY Horizon Managed Risk ETF	9.84%	11.73%
DIVN Horizon Dividend Income ETF	11.87%	7.95%

Correlation

The correlation between SFTY and DIVN is 0.37, 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 Jun 27, 2025	0.37

Return for Risk

SFTY vs. DIVN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Managed Risk ETF (SFTY) and Horizon Dividend Income ETF (DIVN). 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	DIVN	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	2.13	-0.01

Drawdowns

SFTY vs. DIVN - Drawdown Comparison

The maximum SFTY drawdown since its inception was -8.64%, which is greater than DIVN's maximum drawdown of -5.55%. Use the drawdown chart below to compare losses from any high point for SFTY and DIVN.

Drawdown Indicators

	SFTY	DIVN	Difference
Max Drawdown Largest peak-to-trough decline	-8.64%	-5.55%	-3.09%
Current Drawdown Current decline from peak	-0.32%	-0.63%	+0.31%
Average Drawdown Average peak-to-trough decline	-1.10%	-1.45%	+0.35%

Volatility

Volatility by Period

	SFTY	DIVN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.64%	10.56%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.64%	10.56%	+1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.64%	10.56%	+1.08%

SFTY vs. DIVN - Expense Ratio Comparison

SFTY has a 0.77% expense ratio, which is higher than DIVN's 0.70% expense ratio.

Dividends

SFTY vs. DIVN - Dividend Comparison

SFTY's dividend yield for the trailing twelve months is around 0.17%, less than DIVN's 3.12% yield.

Position	TTM	2025
DIVN Horizon Dividend Income ETF	3.12%	1.47%
SFTY Horizon Managed Risk ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both SFTY and DIVN in my portfolio?

SFTY and DIVN have a correlation of 0.37, 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 DIVN?

On fees, DIVN 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, SFTY or DIVN?

DIVN is cheaper with a 0.70% expense ratio, compared with 0.77% for SFTY.

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

DIVN has the higher dividend yield at 3.12%, compared with 0.17% for SFTY.

What is the main difference between SFTY and DIVN?

SFTY is categorized as Tactical Allocation, while DIVN is Large Cap Value Equities. Their fees differ too: 0.77% for SFTY and 0.70% for DIVN.