SFTY vs. ONOF

Last updated Jun 24, 2026

SFTY (Horizon Managed Risk ETF) and ONOF (Global X Adaptive U.S. Risk Management ETF) are both Tactical Allocation funds. Their correlation of 0.94 suggests significant overlap in exposure. SFTY charges 0.77%/yr vs 0.39%/yr for ONOF.

Performance

SFTY vs. ONOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Managed Risk ETF (SFTY) and Global X Adaptive U.S. Risk Management ETF (ONOF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SFTY achieves a 7.57% return, which is significantly higher than ONOF's 4.74% return.

SFTY

• 1D: -1.20%
• 1M: -1.11%
• YTD: 7.57%
• 6M: 6.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ONOF

• 1D: -1.18%
• 1M: -1.14%
• YTD: 4.74%
• 6M: 3.77%
• 1Y: 19.41%
• 3Y*: 12.23%
• 5Y*: 8.47%
• 10Y*: —

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

SFTY vs. ONOF - Yearly Performance Comparison

	2026 (YTD)	2025
SFTY Horizon Managed Risk ETF	7.57%	12.10%
ONOF Global X Adaptive U.S. Risk Management ETF	4.74%	12.82%

Correlation

The correlation between SFTY and ONOF is 0.94, 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 26, 2025	0.94

Return for Risk

SFTY vs. ONOF — Risk / Return Rank

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

SFTY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ONOF

ONOF Risk / Return Rank: 53
ONOF Sharpe Ratio Rank: 51
ONOF Sortino Ratio Rank: 48
ONOF Omega Ratio Rank: 49
ONOF Calmar Ratio Rank: 62
ONOF Martin Ratio Rank: 57

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. ONOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Managed Risk ETF (SFTY) and Global X Adaptive U.S. Risk Management ETF (ONOF). 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	ONOF	Difference
Sharpe ratio: Return per unit of total volatility	—	1.65	—
Sortino ratio: Return per unit of downside risk	—	2.24	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.84	—
Martin ratio: Return relative to average drawdown	—	9.41	—

Drawdowns

SFTY vs. ONOF - Drawdown Comparison

The maximum SFTY drawdown since its inception was -8.64%, smaller than the maximum ONOF drawdown of -26.21%. Use the drawdown chart below to compare losses from any high point for SFTY and ONOF.

Drawdown Indicators

	SFTY	ONOF	Difference
Max Drawdown Largest peak-to-trough decline	-8.64%	-26.21%	+17.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.86%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.21%	—
Current Drawdown Current decline from peak	-2.38%	-3.07%	+0.69%
Average Drawdown Average peak-to-trough decline	-1.12%	-6.11%	+4.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.07%	—

Volatility

Volatility by Period

	SFTY	ONOF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.07%	11.87%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.07%	14.42%	-2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.07%	14.39%	-2.32%

SFTY vs. ONOF - Expense Ratio Comparison

SFTY has a 0.77% expense ratio, which is higher than ONOF's 0.39% expense ratio.

Dividends

SFTY vs. ONOF - Dividend Comparison

SFTY's dividend yield for the trailing twelve months is around 0.18%, less than ONOF's 1.32% yield.

Position	TTM	2025	2024	2023	2022	2021
ONOF Global X Adaptive U.S. Risk Management ETF	1.32%	1.38%	0.93%	1.37%	1.92%	0.69%
SFTY Horizon Managed Risk ETF	0.18%	0.19%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFTY and ONOF in my portfolio?

With a correlation of 0.94, SFTY and ONOF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SFTY or ONOF?

On fees, ONOF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFTY or ONOF?

ONOF is cheaper with a 0.39% expense ratio, compared with 0.77% for SFTY.

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

ONOF has the higher dividend yield at 1.32%, compared with 0.18% for SFTY.

What is the main difference between SFTY and ONOF?

They also come from different issuers: Horizon and Global X. Their fees differ too: 0.77% for SFTY and 0.39% for ONOF.