STOX vs. SFTY

Last updated Jul 31, 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 actively managed by Horizon, while SFTY is a Tactical Allocation fund actively managed by Horizon. Both are actively managed. Over the past year, STOX returned 18.67% vs 18.22% for SFTY. Their 0.98 correlation means they have historically moved very closely together. 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 stocks are quite close, with STOX having a 9.30% return and SFTY slightly lower at 9.28%.

STOX

• 1D: 1.99%
• 1M: -0.18%
• 6M: 7.07%
• YTD: 9.30%
• 1Y: 18.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.32%

SFTY

• 1D: 1.75%
• 1M: -0.03%
• 6M: 6.92%
• YTD: 9.28%
• 1Y: 18.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.41%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SFTY Horizon Managed Risk ETF	$1.11M	$1.70M	$3.02M
STOX Horizon Core Equity ETF	$1.12M	$999.24K	$890.97K

STOX vs. SFTY - Yearly Performance Comparison

	2026 (YTD)	2025
STOX Horizon Core Equity ETF	9.30%	13.00%
SFTY Horizon Managed Risk ETF	9.28%	12.10%

Correlation

The correlation between STOX and SFTY is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.98

The correlation between STOX and SFTY has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

STOX vs. SFTY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

STOX

STOX Risk / Return Rank: 63
STOX Sharpe Ratio Rank: 62
STOX Sortino Ratio Rank: 61
STOX Omega Ratio Rank: 60
STOX Calmar Ratio Rank: 58
STOX Martin Ratio Rank: 73

SFTY

SFTY Risk / Return Rank: 66
SFTY Sharpe Ratio Rank: 65
SFTY Sortino Ratio Rank: 64
SFTY Omega Ratio Rank: 64
SFTY Calmar Ratio Rank: 61
SFTY Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

	STOX	SFTY	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.49	-0.06
Sortino ratio: Return per unit of downside risk	2.03	2.10	-0.07
Omega ratio: Gain probability vs. loss probability	1.26	1.27	-0.01
Calmar ratio: Return relative to maximum drawdown	2.01	2.12	-0.11
Martin ratio: Return relative to average drawdown	8.96	9.34	-0.37

STOX vs. SFTY - Sharpe Ratio Comparison

The current STOX Sharpe Ratio is 1.43, which is comparable to the SFTY Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of STOX and SFTY, 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

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%
Max Drawdown (1Y) Largest decline over 1 year	-9.33%	-8.64%	-0.69%
Current Drawdown Current decline from peak	-1.29%	-1.19%	-0.10%
Average Drawdown Average peak-to-trough decline	-1.21%	-1.13%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	1.96%	+0.13%

Volatility

STOX vs. SFTY - Volatility Comparison

Horizon Core Equity ETF (STOX) has a higher volatility of 3.69% compared to Horizon Managed Risk ETF (SFTY) at 3.20%. This indicates that STOX's price experiences larger fluctuations and is considered to be riskier than SFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STOX	SFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	3.20%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	10.15%	9.52%	+0.63%
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	12.28%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.78%	11.93%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.78%	11.93%	+0.85%

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 is riskier, STOX or SFTY?

STOX has higher volatility (3.69%) compared to SFTY (3.20%). In terms of maximum drawdown, STOX dropped -9.33% vs SFTY's -8.64%.

Which ETF is better, STOX or SFTY?

On 1-year performance, STOX leads with 18.67% vs 18.22% for SFTY. On fees, STOX is cheaper at 0.70% per year. On volatility, SFTY has been the lower-risk option at 3.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, STOX or SFTY?

Over the 1-year period, STOX has performed better with a 18.67% return vs 18.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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.

Which has better risk-adjusted returns?

SFTY currently has the higher Sharpe Ratio (1.49 vs 1.43), 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.