THRO vs. SFTX

Last updated Jun 4, 2026

THRO (iShares U.S. Thematic Rotation Active ETF) and SFTX (Horizon International Managed Risk ETF) are both Tactical Allocation funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. THRO charges 0.60%/yr vs 0.82%/yr for SFTX.

Performance

THRO vs. SFTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Thematic Rotation Active ETF (THRO) 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, THRO achieves a 12.78% return, which is significantly lower than SFTX's 22.26% return.

THRO

• 1D: -0.55%
• 1M: 6.78%
• YTD: 12.78%
• 6M: 12.56%
• 1Y: 26.45%
• 3Y*: 24.41%
• 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)

THRO vs. SFTX - Yearly Performance Comparison

	2026 (YTD)	2025
THRO iShares U.S. Thematic Rotation Active ETF	12.78%	-0.20%
SFTX Horizon International Managed Risk ETF	22.26%	1.61%

Correlation

The correlation between THRO and SFTX is 0.79, 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	0.79

THRO vs. SFTX - Sectors Allocation Comparison

Sectors	THRO	SFTX
Technology	40.7%	28.2%
Financial Services	12.1%	16.2%
Communication Services	11.6%	4.5%
Industrials	10.4%	12.1%
Consumer Cyclical	8.6%	5.9%
Consumer Defensive	7.1%	3.7%
Healthcare	6.6%	10.1%
Energy	1.7%	8.0%
Basic Materials	0.9%	8.6%
Utilities	0.1%	1.9%
Real Estate	-	0.9%

Return for Risk

THRO vs. SFTX — Risk / Return Rank

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

THRO

THRO Risk / Return Rank: 57
THRO Sharpe Ratio Rank: 60
THRO Sortino Ratio Rank: 60
THRO Omega Ratio Rank: 57
THRO Calmar Ratio Rank: 49
THRO Martin Ratio Rank: 60

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.

THRO vs. SFTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Thematic Rotation Active ETF (THRO) 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.

	THRO	SFTX	Difference
Sharpe ratio: Return per unit of total volatility	2.05	—	—
Sortino ratio: Return per unit of downside risk	2.86	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	2.44	—	—
Martin ratio: Return relative to average drawdown	10.84	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	THRO	SFTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	2.57	-1.82

Drawdowns

THRO vs. SFTX - Drawdown Comparison

The maximum THRO drawdown since its inception was -26.54%, which is greater than SFTX's maximum drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for THRO and SFTX.

Drawdown Indicators

	THRO	SFTX	Difference
Max Drawdown Largest peak-to-trough decline	-26.54%	-12.75%	-13.79%
Max Drawdown (1Y) Largest decline over 1 year	-10.87%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.07%	—	—
Current Drawdown Current decline from peak	-0.55%	-0.29%	-0.26%
Average Drawdown Average peak-to-trough decline	-6.69%	-2.78%	-3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	—	—

Volatility

Volatility by Period

	THRO	SFTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.00%	21.65%	-8.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.72%	21.65%	-2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.72%	21.65%	-2.93%

THRO vs. SFTX - Expense Ratio Comparison

THRO has a 0.60% expense ratio, which is lower than SFTX's 0.82% expense ratio.

Dividends

THRO vs. SFTX - Dividend Comparison

THRO's dividend yield for the trailing twelve months is around 0.16%, less than SFTX's 0.20% yield.

Position	TTM	2025	2024	2023	2022
SFTX Horizon International Managed Risk ETF	0.20%	0.25%	0.00%	0.00%	0.00%
THRO iShares U.S. Thematic Rotation Active ETF	0.16%	0.15%	0.73%	0.55%	0.90%

Frequently Asked Questions

Can I hold both THRO and SFTX in my portfolio?

THRO and SFTX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, THRO or SFTX?

On fees, THRO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, THRO or SFTX?

THRO is cheaper with a 0.60% expense ratio, compared with 0.82% for SFTX.

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

SFTX has the higher dividend yield at 0.20%, compared with 0.16% for THRO.

What is the main difference between THRO and SFTX?

They also come from different issuers: iShares and Horizon. Their fees differ too: 0.60% for THRO and 0.82% for SFTX.