SFTY vs. STOX

Last updated Jun 4, 2026

SFTY (Horizon Managed Risk ETF) and STOX (Horizon Core Equity ETF) are both exchange-traded funds - SFTY is a Tactical Allocation fund managed by Horizon, while STOX is a Large Cap Blend Equities fund managed by Horizon. With a 0.98 correlation, they move nearly in lockstep. SFTY charges 0.77%/yr vs 0.70%/yr for STOX.

Performance

SFTY vs. STOX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with SFTY having a 9.84% return and STOX slightly higher at 10.00%.

SFTY

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

STOX

• 1D: -0.18%
• 1M: 4.95%
• YTD: 10.00%
• 6M: 10.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFTY vs. STOX - Yearly Performance Comparison

	2026 (YTD)	2025
SFTY Horizon Managed Risk ETF	9.84%	11.73%
STOX Horizon Core Equity ETF	10.00%	12.56%

Correlation

The correlation between SFTY and STOX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.98

Return for Risk

SFTY vs. STOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Managed Risk ETF (SFTY) and Horizon Core Equity ETF (STOX). 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	STOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	2.08	+0.03

Drawdowns

SFTY vs. STOX - Drawdown Comparison

The maximum SFTY drawdown since its inception was -8.64%, smaller than the maximum STOX drawdown of -9.33%. Use the drawdown chart below to compare losses from any high point for SFTY and STOX.

Drawdown Indicators

	SFTY	STOX	Difference
Max Drawdown Largest peak-to-trough decline	-8.64%	-9.33%	+0.69%
Current Drawdown Current decline from peak	-0.32%	-0.18%	-0.14%
Average Drawdown Average peak-to-trough decline	-1.10%	-1.16%	+0.06%

Volatility

Volatility by Period

	SFTY	STOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.64%	12.39%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.64%	12.39%	-0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.64%	12.39%	-0.75%

SFTY vs. STOX - Expense Ratio Comparison

SFTY has a 0.77% expense ratio, which is higher than STOX's 0.70% expense ratio.

Dividends

SFTY vs. STOX - Dividend Comparison

SFTY's dividend yield for the trailing twelve months is around 0.17%, which matches STOX's 0.17% yield.

Position	TTM	2025
SFTY Horizon Managed Risk ETF	0.17%	0.19%
STOX Horizon Core Equity ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both SFTY and STOX in my portfolio?

With a correlation of 0.98, SFTY and STOX 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 STOX?

On fees, STOX is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFTY or STOX?

STOX is cheaper with a 0.70% expense ratio, compared with 0.77% for SFTY.

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

SFTY and STOX have nearly identical dividend yields, around 0.17%.

What is the main difference between SFTY and STOX?

SFTY is categorized as Tactical Allocation, while STOX is Large Cap Blend Equities. Their fees differ too: 0.77% for SFTY and 0.70% for STOX.