SFTY vs. SFTX

Last updated Jun 4, 2026

SFTY (Horizon Managed Risk ETF) and SFTX (Horizon International Managed Risk ETF) are both Tactical Allocation funds from Horizon. A 0.78 correlation means they provide meaningful diversification when combined. SFTY charges 0.77%/yr vs 0.82%/yr for SFTX.

Performance

SFTY vs. SFTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Managed Risk ETF (SFTY) and Horizon International Managed Risk ETF (SFTX). 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 SFTX's 22.26% return.

SFTY

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

SFTX

• 1D: -0.29%
• 1M: 7.93%
• YTD: 22.26%
• 6M: 24.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFTY vs. SFTX - Yearly Performance Comparison

	2026 (YTD)	2025
SFTY Horizon Managed Risk ETF	9.84%	-0.03%
SFTX Horizon International Managed Risk ETF	22.26%	1.61%

Correlation

The correlation between SFTY and SFTX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.78

Return for Risk

SFTY vs. SFTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Managed Risk ETF (SFTY) and Horizon International Managed Risk ETF (SFTX). 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	SFTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	2.57	-0.46

Drawdowns

SFTY vs. SFTX - Drawdown Comparison

The maximum SFTY drawdown since its inception was -8.64%, smaller than the maximum SFTX drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for SFTY and SFTX.

Drawdown Indicators

	SFTY	SFTX	Difference
Max Drawdown Largest peak-to-trough decline	-8.64%	-12.75%	+4.11%
Current Drawdown Current decline from peak	-0.32%	-0.29%	-0.03%
Average Drawdown Average peak-to-trough decline	-1.10%	-2.78%	+1.68%

Volatility

Volatility by Period

	SFTY	SFTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.64%	21.65%	-10.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.64%	21.65%	-10.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.64%	21.65%	-10.01%

SFTY vs. SFTX - Expense Ratio Comparison

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

Dividends

SFTY vs. SFTX - Dividend Comparison

SFTY's dividend yield for the trailing twelve months is around 0.17%, less than SFTX's 0.20% yield.

Position	TTM	2025
SFTX Horizon International Managed Risk ETF	0.20%	0.25%
SFTY Horizon Managed Risk ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both SFTY and SFTX in my portfolio?

SFTY and SFTX have a correlation of 0.78, 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 SFTX?

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 SFTX?

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

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

SFTX has the higher dividend yield at 0.20%, compared with 0.17% for SFTY.

What is the main difference between SFTY and SFTX?

Their fees differ too: 0.77% for SFTY and 0.82% for SFTX.