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Horizon Active Asset Allocation Fund (AAANX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS44053A3095
CUSIP44053A309
IssuerHorizon Investments
Inception DateJan 30, 2012
CategoryTactical Allocation
Min. Investment$2,500
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

AAANX has a high expense ratio of 1.14%, indicating higher-than-average management fees.


Expense ratio chart for AAANX: current value at 1.14% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.14%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Horizon Active Asset Allocation Fund

Popular comparisons: AAANX vs. VGT, AAANX vs. t, AAANX vs. FNILX, AAANX vs. HUSV, AAANX vs. PRWCX, AAANX vs. SPTM, AAANX vs. VTSAX, AAANX vs. VOO, AAANX vs. VTI, AAANX vs. VASGX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Horizon Active Asset Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


150.00%200.00%250.00%300.00%December2024FebruaryMarchAprilMay
180.24%
304.09%
AAANX (Horizon Active Asset Allocation Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

Horizon Active Asset Allocation Fund had a return of 8.74% year-to-date (YTD) and 23.09% in the last 12 months. Over the past 10 years, Horizon Active Asset Allocation Fund had an annualized return of 7.83%, while the S&P 500 had an annualized return of 10.99%, indicating that Horizon Active Asset Allocation Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date8.74%11.18%
1 month5.64%5.60%
6 months16.09%17.48%
1 year23.09%26.33%
5 years (annualized)10.11%13.16%
10 years (annualized)7.83%10.99%

Monthly Returns

The table below presents the monthly returns of AAANX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.21%4.59%3.16%-4.06%8.74%
20234.75%-4.38%2.08%0.57%-0.49%5.78%3.93%-2.37%-4.17%-2.77%8.22%5.87%17.25%
2022-5.20%-2.89%2.31%-7.41%1.57%-8.27%6.82%-3.86%-9.27%8.14%6.27%-4.58%-16.99%
20210.87%4.01%2.89%3.14%1.10%0.51%1.28%2.65%-4.85%6.51%-2.12%4.07%21.42%
2020-1.86%-8.06%-13.93%11.79%5.36%0.42%4.73%6.45%-3.18%-2.43%12.83%5.07%14.69%
20199.02%1.79%0.59%2.83%-7.61%6.66%0.41%-2.78%1.68%2.15%2.19%2.91%20.60%
20187.08%-2.94%-2.34%-0.23%1.32%-0.15%2.84%2.98%-0.43%-9.02%1.44%-8.63%-8.92%
20172.05%3.27%0.89%1.85%2.29%-0.23%2.40%0.15%2.34%2.51%2.01%0.74%22.20%
2016-5.41%-1.31%6.93%0.44%0.53%0.26%3.51%-0.68%-0.00%-2.56%1.23%2.02%4.55%
2015-2.55%5.66%-1.68%0.73%0.16%-1.78%1.64%-7.03%-3.48%7.74%0.17%-3.00%-4.20%
2014-3.50%4.14%-0.75%-0.25%1.42%1.98%-1.54%3.12%-1.43%1.94%1.67%-0.78%5.92%
20135.10%0.47%3.53%2.60%1.57%-1.72%4.64%-2.93%3.28%4.26%2.24%1.49%27.09%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of AAANX is 69, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of AAANX is 6969
AAANX (Horizon Active Asset Allocation Fund)
The Sharpe Ratio Rank of AAANX is 7070Sharpe Ratio Rank
The Sortino Ratio Rank of AAANX is 6969Sortino Ratio Rank
The Omega Ratio Rank of AAANX is 6464Omega Ratio Rank
The Calmar Ratio Rank of AAANX is 7171Calmar Ratio Rank
The Martin Ratio Rank of AAANX is 7272Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Horizon Active Asset Allocation Fund (AAANX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


AAANX
Sharpe ratio
The chart of Sharpe ratio for AAANX, currently valued at 2.01, compared to the broader market-1.000.001.002.003.004.002.01
Sortino ratio
The chart of Sortino ratio for AAANX, currently valued at 2.89, compared to the broader market-2.000.002.004.006.008.0010.0012.002.89
Omega ratio
The chart of Omega ratio for AAANX, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.003.501.34
Calmar ratio
The chart of Calmar ratio for AAANX, currently valued at 1.42, compared to the broader market0.002.004.006.008.0010.0012.001.42
Martin ratio
The chart of Martin ratio for AAANX, currently valued at 7.34, compared to the broader market0.0020.0040.0060.0080.007.34
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.38, compared to the broader market-1.000.001.002.003.004.002.38
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.37, compared to the broader market-2.000.002.004.006.008.0010.0012.003.37
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.42, compared to the broader market0.501.001.502.002.503.003.501.42
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.94, compared to the broader market0.002.004.006.008.0010.0012.001.94
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 9.12, compared to the broader market0.0020.0040.0060.0080.009.12

Sharpe Ratio

The current Horizon Active Asset Allocation Fund Sharpe ratio is 2.01. This value is calculated based on the past 12 months of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Horizon Active Asset Allocation Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00December2024FebruaryMarchAprilMay
2.01
2.38
AAANX (Horizon Active Asset Allocation Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Horizon Active Asset Allocation Fund granted a 0.71% dividend yield in the last twelve months. The annual payout for that period amounted to $0.11 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.11$0.11$0.13$2.19$0.91$0.09$0.80$1.57$0.10$0.35$0.59$0.93

Dividend yield

0.71%0.78%1.08%15.02%6.59%0.67%7.46%12.35%0.89%3.13%4.83%7.76%

Monthly Dividends

The table displays the monthly dividend distributions for Horizon Active Asset Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.11$0.11
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.13$0.13
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.19$2.19
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.91$0.91
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.09$0.09
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.80$0.80
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.57$1.57
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.10$0.10
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.35$0.35
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.15$0.44$0.59
2013$0.93$0.93

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2024FebruaryMarchAprilMay
-0.20%
-0.09%
AAANX (Horizon Active Asset Allocation Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Horizon Active Asset Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Horizon Active Asset Allocation Fund was 34.18%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.

The current Horizon Active Asset Allocation Fund drawdown is 0.20%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-34.18%Feb 20, 202023Mar 23, 2020114Sep 2, 2020137
-24.61%Jan 5, 2022186Sep 30, 2022345Feb 15, 2024531
-20.35%Jan 29, 2018229Dec 24, 2018246Dec 16, 2019475
-18.22%May 22, 2015183Feb 11, 2016252Feb 10, 2017435
-8.79%Mar 27, 201248Jun 4, 201265Sep 6, 2012113

Volatility

Volatility Chart

The current Horizon Active Asset Allocation Fund volatility is 3.53%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%2.50%3.00%3.50%4.00%4.50%December2024FebruaryMarchAprilMay
3.53%
3.36%
AAANX (Horizon Active Asset Allocation Fund)
Benchmark (^GSPC)