SFTY vs. NVIR

Last updated Jul 17, 2026

SFTY (Horizon Managed Risk ETF) and NVIR (Horizon Kinetics Energy Remediation ETF) are both exchange-traded funds - SFTY is a Tactical Allocation fund managed by Horizon, while NVIR is a Energy Equities fund actively managed by Horizon. Over the past year, SFTY returned 21.14% vs 28.78% for NVIR. At a 0.18 correlation, their price movements are largely independent. SFTY charges 0.77%/yr vs 0.85%/yr for NVIR.

Performance

SFTY vs. NVIR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Managed Risk ETF (SFTY) and Horizon Kinetics Energy Remediation ETF (NVIR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SFTY achieves a 10.02% return, which is significantly lower than NVIR's 18.96% return.

SFTY

• 1D: -0.29%
• 1M: 0.52%
• 6M: 8.56%
• YTD: 10.02%
• 1Y: 21.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVIR

• 1D: 1.10%
• 1M: 2.36%
• 6M: 12.97%
• YTD: 18.96%
• 1Y: 28.78%
• 3Y*: 16.23%
• 5Y*: —
• 10Y*: —

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

SFTY vs. NVIR - Yearly Performance Comparison

	2026 (YTD)	2025
SFTY Horizon Managed Risk ETF	10.02%	12.10%
NVIR Horizon Kinetics Energy Remediation ETF	18.96%	9.63%

Correlation

The correlation between SFTY and NVIR is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.18

Return for Risk

SFTY vs. NVIR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SFTY

SFTY Risk / Return Rank: 68
SFTY Sharpe Ratio Rank: 68
SFTY Sortino Ratio Rank: 67
SFTY Omega Ratio Rank: 67
SFTY Calmar Ratio Rank: 62
SFTY Martin Ratio Rank: 76

NVIR

NVIR Risk / Return Rank: 65
NVIR Sharpe Ratio Rank: 65
NVIR Sortino Ratio Rank: 60
NVIR Omega Ratio Rank: 59
NVIR Calmar Ratio Rank: 78
NVIR Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SFTY vs. NVIR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Managed Risk ETF (SFTY) and Horizon Kinetics Energy Remediation ETF (NVIR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SFTY	NVIR	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.71	+0.05
Sortino ratio: Return per unit of downside risk	2.46	2.29	+0.17
Omega ratio: Gain probability vs. loss probability	1.32	1.29	+0.03
Calmar ratio: Return relative to maximum drawdown	2.46	3.18	-0.72
Martin ratio: Return relative to average drawdown	10.99	8.76	+2.23

SFTY vs. NVIR - Sharpe Ratio Comparison

The current SFTY Sharpe Ratio is 1.77, which is comparable to the NVIR Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of SFTY and NVIR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SFTY vs. NVIR - Drawdown Comparison

The maximum SFTY drawdown since its inception was -8.64%, smaller than the maximum NVIR drawdown of -22.47%. Use the drawdown chart below to compare losses from any high point for SFTY and NVIR.

Drawdown Indicators

	SFTY	NVIR	Difference
Max Drawdown Largest peak-to-trough decline	-8.64%	-22.47%	+13.83%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-9.09%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.47%	—
Current Drawdown Current decline from peak	-0.51%	-5.63%	+5.12%
Average Drawdown Average peak-to-trough decline	-1.12%	-4.65%	+3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	3.29%	-1.36%

Volatility

SFTY vs. NVIR - Volatility Comparison

The current volatility for Horizon Managed Risk ETF (SFTY) is 2.82%, while Horizon Kinetics Energy Remediation ETF (NVIR) has a volatility of 4.96%. This indicates that SFTY experiences smaller price fluctuations and is considered to be less risky than NVIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SFTY	NVIR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	4.96%	-2.14%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	13.01%	-3.58%
Volatility (1Y) Calculated over the trailing 1-year period	12.01%	16.86%	-4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.84%	19.28%	-7.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.84%	19.28%	-7.44%

SFTY vs. NVIR - Expense Ratio Comparison

SFTY has a 0.77% expense ratio, which is lower than NVIR's 0.85% expense ratio.

Dividends

SFTY vs. NVIR - Dividend Comparison

SFTY's dividend yield for the trailing twelve months is around 0.17%, less than NVIR's 0.77% yield.

Position	TTM	2025	2024	2023
NVIR Horizon Kinetics Energy Remediation ETF	0.77%	0.92%	1.50%	1.34%
SFTY Horizon Managed Risk ETF	0.17%	0.19%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFTY and NVIR in my portfolio?

SFTY and NVIR have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SFTY or NVIR?

NVIR has higher volatility (4.96%) compared to SFTY (2.82%). In terms of maximum drawdown, SFTY dropped -8.64% vs NVIR's -22.47%.

Which ETF is better, SFTY or NVIR?

On 1-year performance, NVIR leads with 28.78% vs 21.14% for SFTY. On fees, SFTY is cheaper at 0.77% per year. On volatility, SFTY has been the lower-risk option at 2.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SFTY or NVIR?

Over the 1-year period, NVIR has performed better with a 28.78% return vs 21.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SFTY or NVIR?

SFTY is cheaper with a 0.77% expense ratio, compared with 0.85% for NVIR.

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

NVIR has the higher dividend yield at 0.77%, compared with 0.17% for SFTY.

What is the main difference between SFTY and NVIR?

SFTY is categorized as Tactical Allocation, while NVIR is Energy Equities. Their fees differ too: 0.77% for SFTY and 0.85% for NVIR.

Which has better risk-adjusted returns?

SFTY currently has the higher Sharpe Ratio (1.77 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.