STOX vs. SFTY

Last updated Jun 20, 2026

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

Performance

STOX vs. SFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Core Equity ETF (STOX) and Horizon Managed Risk ETF (SFTY). 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 STOX having a 9.22% return and SFTY slightly higher at 9.42%.

STOX

• 1D: 1.12%
• 1M: 1.04%
• YTD: 9.22%
• 6M: 9.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SFTY

• 1D: 0.99%
• 1M: 1.02%
• YTD: 9.42%
• 6M: 9.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

STOX vs. SFTY - Yearly Performance Comparison

	2026 (YTD)	2025
STOX Horizon Core Equity ETF	9.22%	13.00%
SFTY Horizon Managed Risk ETF	9.42%	12.10%

Correlation

The correlation between STOX and SFTY 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 26, 2025	0.98

Return for Risk

STOX vs. SFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Core Equity ETF (STOX) and Horizon Managed Risk ETF (SFTY). 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.

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

Drawdowns

STOX vs. SFTY - Drawdown Comparison

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

Drawdown Indicators

	STOX	SFTY	Difference
Max Drawdown Largest peak-to-trough decline	-9.33%	-8.64%	-0.69%
Current Drawdown Current decline from peak	-0.89%	-0.71%	-0.18%
Average Drawdown Average peak-to-trough decline	-1.19%	-1.12%	-0.07%

Volatility

Volatility by Period

	STOX	SFTY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	12.04%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.80%	12.04%	+0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.80%	12.04%	+0.76%

STOX vs. SFTY - Expense Ratio Comparison

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

Dividends

STOX vs. SFTY - Dividend Comparison

STOX's dividend yield for the trailing twelve months is around 0.17%, which matches SFTY'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 STOX and SFTY in my portfolio?

With a correlation of 0.98, STOX and SFTY 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, STOX or SFTY?

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, STOX or SFTY?

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

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

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

What is the main difference between STOX and SFTY?

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