SFTY vs ETB

Comparison between HORIZON MANAGED RISK ETF (SFTY, ETF) and Eaton Vance Tax-Managed Buy-Write Income Fund (ETB, ETF).

SFTY vs ETB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SFTY(ETF)	ETB(ETF)
Net Assets	$495M	$494M
Expense Ratio	0.77%	N/A
Max Drawdown	8.64%	59.40%
Sharpe Ratio	1.29	1.13
5Y Beta	0.93	0.75
P/E Ratio	27.26	N/A
Forward P/E	20.33	N/A
PEG Ratio	0.35	N/A
5Y Dividends CAGR	N/A	1.20%
5Y EPS CAGR	25.63%	N/A
Debt to Equity	4.93%	N/A
P/S Ratio	3.70	N/A
P/B Ratio	5.84	N/A

Net Assets

Winner

SFTY

$495M

ETB

$494M

Expense Ratio

SFTY

0.77%

ETB

N/A

Max Drawdown

Winner

SFTY

8.64%

ETB

59.40%

Sharpe Ratio

Winner

SFTY

1.29

ETB

1.13

5Y Beta

SFTY

0.93

Winner

ETB

0.75

P/E Ratio

SFTY

27.26

ETB

N/A

Forward P/E

SFTY

20.33

ETB

N/A

PEG Ratio

SFTY

0.35

ETB

N/A

5Y Dividends CAGR

SFTY

N/A

ETB

1.20%

5Y EPS CAGR

SFTY

25.63%

ETB

N/A

Debt to Equity

SFTY

4.93%

ETB

N/A

P/S Ratio

SFTY

3.70

ETB

N/A

P/B Ratio

SFTY

5.84

ETB

N/A

SFTY vs ETB - Historical Returns

Returns include dividend reinvestment.

Period	SFTY	ETB
1 month	+0.82%	+1.86%
3 months	+6.43%	+4.44%
6 months	+9.22%	+5.94%
1 year	+19.76%	+16.39%
5 years(CAGR)	N/A	+7.56%
10 years(CAGR)	N/A	+8.30%
Max(CAGR)	+21.07%	+8.21%

SFTY

+0.82%

Winner

ETB

+1.86%

Winner

SFTY

+6.43%

ETB

+4.44%

Winner

SFTY

+9.22%

ETB

+5.94%

Winner

SFTY

+19.76%

ETB

+16.39%

5Y(CAGR)

SFTY

N/A

ETB

+7.56%

10Y(CAGR)

SFTY

N/A

ETB

+8.30%

Max(CAGR)

Winner

SFTY

+21.07%

ETB

+8.21%

SFTY vs ETB - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	SFTY	ETB
2026	+9.46%	+6.46%
2025	+11.73%	+11.50%
2024	N/A	+26.79%
2023	N/A	+7.26%
2022	N/A	-17.06%
2021	N/A	+26.64%
2020	N/A	+0.51%
2019	N/A	+29.45%
2018	N/A	-12.67%
2017	N/A	+12.37%
2016	N/A	+8.92%
2015	N/A	+13.83%
2014	N/A	+16.83%
2013	N/A	+11.61%
2012	N/A	+19.91%
2011	N/A	-3.08%
2010	N/A	-4.88%
2009	N/A	+46.53%
2008	N/A	-19.08%
2007	N/A	-8.12%
2006	N/A	+26.09%
2005	N/A	-4.99%

SFTY vs ETB Drawdown Comparison

The maximum drawdown for SFTY was -8.64%, occurring on Mar 30, 2026. Recovery took 54 trading sessions.

The maximum drawdown for ETB was -50.92%, occurring on Nov 20, 2008. Recovery took 578 trading sessions.

The current SFTY drawdown is -0.74%. The current ETB drawdown is -0.48%.

Rank	SFTY	ETB
#1	-8.64% Jan 27, 2026 - Apr 15, 2026	-50.92% Jun 1, 2007 - Sep 16, 2009
#2	-4.59% Oct 28, 2025 - Dec 10, 2025	-45.03% Feb 19, 2020 - Mar 17, 2021
#3	-3.77% Jun 2, 2026 - Jul 10, 2026	-25.67% Mar 24, 2010 - Jul 13, 2012
#4	-2.75% Dec 11, 2025 - Dec 23, 2025	-24.54% Sep 20, 2018 - Apr 29, 2019
#5	-2.56% Oct 8, 2025 - Oct 20, 2025	-23.45% Mar 22, 2022 - Jul 12, 2024
#6	-2.42% Jan 12, 2026 - Jan 27, 2026	-20.10% Jan 23, 2025 - Aug 6, 2025
#7	-1.88% May 14, 2026 - May 26, 2026	-17.38% Dec 29, 2015 - Apr 12, 2016
#8	-1.57% Jul 25, 2025 - Aug 6, 2025	-14.19% Jan 14, 2010 - Mar 10, 2010
#9	-1.51% Jul 10, 2026 - Jul 20, 2026	-13.97% Oct 15, 2012 - Jan 15, 2013
#10	-1.45% Aug 12, 2025 - Aug 28, 2025	-12.26% Aug 2, 2005 - Mar 13, 2006
#11	-1.34% Sep 22, 2025 - Oct 6, 2025	-11.06% Jul 28, 2014 - Oct 31, 2014
#12	-1.26% Dec 24, 2025 - Jan 9, 2026	-10.54% Aug 19, 2015 - Nov 23, 2015
#13	-1.10% Apr 17, 2026 - Apr 24, 2026	-9.17% Feb 25, 2026 - Apr 15, 2026
#14	-1.04% Aug 28, 2025 - Sep 4, 2025	-9.02% Jan 12, 2022 - Feb 16, 2022
#15	-0.79% Jul 3, 2025 - Jul 17, 2025	-8.93% Jan 12, 2018 - Jul 17, 2018

Correlation

Correlation between SFTY and ETB is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2005 - 2026)

SFTY vs ETB dividend yield comparison.

Year	SFTY	ETB
2026	0.00%	4.78%
2025	0.19%	8.31%
2024	0.00%	8.21%
2023	0.00%	8.62%
2022	0.00%	9.63%
2021	0.00%	7.57%
2020	0.00%	8.64%
2019	0.00%	7.90%
2018	0.00%	9.64%
2017	0.00%	7.75%
2016	0.00%	7.85%
2015	0.00%	7.77%
2014	0.00%	8.15%
2013	0.00%	8.70%
2012	0.00%	9.24%
2011	0.00%	10.09%
2010	0.00%	12.49%
2009	0.00%	10.68%
2008	0.00%	14.37%
2007	0.00%	10.33%
2006	0.00%	8.53%
2005	0.00%	4.96%