SFTY vs. GMMA
SFTY (Horizon Managed Risk ETF) and GMMA (GammaRoad Market Navigation ETF) are both Tactical Allocation funds. Their correlation of 0.87 suggests significant overlap in exposure. SFTY charges 0.77%/yr vs 0.75%/yr for GMMA.
Performance
SFTY vs. GMMA - Performance Comparison
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Returns By Period
In the year-to-date period, SFTY achieves a 9.84% return, which is significantly higher than GMMA's 3.61% return.
SFTY
- 1D
- -0.32%
- 1M
- 4.71%
- YTD
- 9.84%
- 6M
- 9.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GMMA
- 1D
- -0.41%
- 1M
- 3.45%
- YTD
- 3.61%
- 6M
- 3.75%
- 1Y
- 10.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SFTY vs. GMMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SFTY Horizon Managed Risk ETF | 9.84% | 11.73% |
GMMA GammaRoad Market Navigation ETF | 3.61% | 5.67% |
Correlation
The correlation between SFTY and GMMA is 0.87, 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 Jun 27, 2025 | 0.87 |
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Return for Risk
SFTY vs. GMMA — Risk / Return Rank
SFTY
GMMA
SFTY vs. GMMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Managed Risk ETF (SFTY) and GammaRoad Market Navigation ETF (GMMA). 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.
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Sharpe Ratios by Period
| SFTY | GMMA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.11 | 1.09 | +1.03 |
Drawdowns
SFTY vs. GMMA - Drawdown Comparison
The maximum SFTY drawdown since its inception was -8.64%, which is greater than GMMA's maximum drawdown of -5.21%. Use the drawdown chart below to compare losses from any high point for SFTY and GMMA.
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Drawdown Indicators
| SFTY | GMMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.64% | -5.21% | -3.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.39% | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.41% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -1.23% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.97% | — |
Volatility
SFTY vs. GMMA - Volatility Comparison
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Volatility by Period
| SFTY | GMMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.88% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 5.32% | +6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.64% | 7.10% | +4.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.64% | 7.10% | +4.54% |
SFTY vs. GMMA - Expense Ratio Comparison
SFTY has a 0.77% expense ratio, which is higher than GMMA's 0.75% expense ratio.
Dividends
SFTY vs. GMMA - Dividend Comparison
SFTY's dividend yield for the trailing twelve months is around 0.17%, less than GMMA's 3.65% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GMMA GammaRoad Market Navigation ETF | 3.65% | 3.00% | 0.57% |
SFTY Horizon Managed Risk ETF | 0.17% | 0.19% | 0.00% |
Frequently Asked Questions
SFTY and GMMA have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GMMA is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GMMA is cheaper with a 0.75% expense ratio, compared with 0.77% for SFTY.
GMMA has the higher dividend yield at 3.65%, compared with 0.17% for SFTY.
They also come from different issuers: Horizon and GammaRoad Capital Partners. Their fees differ too: 0.77% for SFTY and 0.75% for GMMA.
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