SFTY vs. FLXN

Last updated Jun 4, 2026

SFTY (Horizon Managed Risk ETF) and FLXN (Horizon Flexible Income ETF) are both exchange-traded funds - SFTY is a Tactical Allocation fund managed by Horizon, while FLXN is a High Yield Bonds fund actively managed by Horizon. Their correlation of 0.81 suggests significant overlap in exposure. SFTY charges 0.77%/yr vs 0.82%/yr for FLXN.

Performance

SFTY vs. FLXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Managed Risk ETF (SFTY) and Horizon Flexible Income ETF (FLXN). 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 FLXN's 2.29% return.

SFTY

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

FLXN

• 1D: -0.27%
• 1M: 0.54%
• YTD: 2.29%
• 6M: 2.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFTY vs. FLXN - Yearly Performance Comparison

	2026 (YTD)	2025
SFTY Horizon Managed Risk ETF	9.84%	9.85%
FLXN Horizon Flexible Income ETF	2.29%	4.71%

Correlation

The correlation between SFTY and FLXN is 0.81, 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 Jul 7, 2025	0.81

Return for Risk

SFTY vs. FLXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Managed Risk ETF (SFTY) and Horizon Flexible Income ETF (FLXN). 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	FLXN	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	1.55	+0.56

Drawdowns

SFTY vs. FLXN - Drawdown Comparison

The maximum SFTY drawdown since its inception was -8.64%, which is greater than FLXN's maximum drawdown of -3.39%. Use the drawdown chart below to compare losses from any high point for SFTY and FLXN.

Drawdown Indicators

	SFTY	FLXN	Difference
Max Drawdown Largest peak-to-trough decline	-8.64%	-3.39%	-5.25%
Current Drawdown Current decline from peak	-0.32%	-0.34%	+0.02%
Average Drawdown Average peak-to-trough decline	-1.10%	-0.38%	-0.72%

Volatility

Volatility by Period

	SFTY	FLXN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.64%	5.04%	+6.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.64%	5.04%	+6.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.64%	5.04%	+6.60%

SFTY vs. FLXN - Expense Ratio Comparison

SFTY has a 0.77% expense ratio, which is lower than FLXN's 0.82% expense ratio.

Dividends

SFTY vs. FLXN - Dividend Comparison

SFTY's dividend yield for the trailing twelve months is around 0.17%, less than FLXN's 7.50% yield.

Position	TTM	2025
FLXN Horizon Flexible Income ETF	7.50%	3.49%
SFTY Horizon Managed Risk ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both SFTY and FLXN in my portfolio?

SFTY and FLXN have a correlation of 0.81, 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 FLXN?

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 FLXN?

SFTY is cheaper with a 0.77% expense ratio, compared with 0.82% for FLXN.

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

FLXN has the higher dividend yield at 7.50%, compared with 0.17% for SFTY.

What is the main difference between SFTY and FLXN?

SFTY is categorized as Tactical Allocation, while FLXN is High Yield Bonds. Their fees differ too: 0.77% for SFTY and 0.82% for FLXN.