- ISIN
- US44053A6064
- CUSIP
- 44053A606
- Issuer
- Horizon Investments
- Inception Date
- Aug 27, 2014
- Category
- Diversified Portfolio
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ARANX Performance Chart
Horizon Active Risk Assist Fund (ARANX) is up 11.2% since the beginning of the year. ARANX is currently trading at $28 per share. Investors who bought $1,000 worth of ARANX shares 5 years ago would now be looking at an investment worth $1,482.
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Returns By Period
Horizon Active Risk Assist Fund (ARANX) has returned 11.16% so far this year and 25.66% over the past 12 months. Over the last ten years, ARANX has returned 8.13% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Horizon Active Risk Assist Fund
- 1D
- 1.12%
- 1M
- 1.23%
- YTD
- 11.16%
- 6M
- 11.00%
- 1Y
- 25.66%
- 3Y*
- 15.69%
- 5Y*
- 8.19%
- 10Y*
- 8.13%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ARANX Monthly Returns History
Based on dividend-adjusted daily data since Sep 2, 2014, ARANX's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +11.1%, while the worst month was Oct 2018 at -8.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ARANX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +3.6%, while the worst single day was Mar 9, 2020 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.67% | 1.51% | -6.61% | 9.74% | 4.66% | -0.57% | 11.16% | ||||||
| 2025 | 3.04% | -0.81% | -3.91% | -2.88% | 5.33% | 4.27% | 0.64% | 2.49% | 3.16% | 1.53% | 0.11% | 0.66% | 14.03% |
| 2024 | 0.21% | 4.58% | 2.58% | -3.63% | 4.39% | 2.70% | 1.00% | 2.14% | 1.57% | -2.36% | 3.43% | -3.34% | 13.60% |
| 2023 | 3.67% | -3.21% | 2.17% | 1.11% | -1.20% | 5.76% | 3.62% | -2.70% | -4.50% | -3.23% | 8.45% | 6.61% | 16.70% |
| 2022 | -5.25% | -3.23% | 1.95% | -6.51% | -0.41% | -4.52% | 2.58% | -2.99% | -3.80% | 0.95% | 2.58% | -2.14% | -19.38% |
| 2021 | 0.00% | 3.55% | 3.68% | 3.30% | 1.16% | 0.83% | 1.65% | 2.20% | -4.72% | 5.70% | -2.13% | 4.20% | 20.69% |
Benchmark Metrics
Horizon Active Risk Assist Fund has an annualized alpha of -0.84%, beta of 0.61, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since September 02, 2014.
- This fund participated in 88.89% of S&P 500 Index downside but only 69.14% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.61 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -0.84%
- Beta
- 0.61
- R²
- 0.73
- Upside Capture
- 69.14%
- Downside Capture
- 88.89%
Expense Ratio
ARANX has a high expense ratio of 1.17%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ARANX ranks 47 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Horizon Active Risk Assist Fund (ARANX) and compare them to S&P 500 Index.
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.
| ARANX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.78 | -0.30 |
| Martin ratioReturn relative to average drawdown | 10.55 | 12.44 | -1.88 |
Dividends
Dividend History
Horizon Active Risk Assist Fund provided a 8.22% dividend yield over the last twelve months, with an annual payout of $2.29 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.29 | $2.29 | $2.49 | $0.19 | $0.11 | $2.07 | $0.08 | $0.22 | $0.76 | $1.03 | $0.17 | $0.20 |
Dividend yield | 8.22% | 9.14% | 10.35% | 0.83% | 0.53% | 8.22% | 0.37% | 1.00% | 3.91% | 4.70% | 0.86% | 1.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Horizon Active Risk Assist Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.29 | $2.29 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.49 | $2.49 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.07 | $2.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Horizon Active Risk Assist 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 Risk Assist Fund was 21.50%, occurring on Mar 15, 2023. Recovery took 246 trading sessions.
The current Horizon Active Risk Assist Fund drawdown is 1.48%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -21.50%Mar 2023 | 1y 2mo | 11mo 28d | 2y 2moDec 2021 - Mar 2024 |
COVID crash2020 | -20.66%Mar 2020 | 2y 1mo | 8mo 29d | 2y 10moJan 2018 - Dec 2020 |
2016 correction2016 | -15.73%Feb 2016 | 8mo 25d | 1y 1mo | 1y 9moMay 2015 - Mar 2017 |
2025 selloff2025 | -15.34%Apr 2025 | 1mo 18d | 2mo 26d | 4mo 14dFeb 2025 - Jul 2025 |
2026 correction2026 | -10.13%Mar 2026 | 1mo 2d | 16d | 1mo 18dFeb 2026 - Apr 2026 |
Drawdown Indicators
| ARANX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.50% | -56.78% | +35.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.13% | -9.10% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -15.34% | -18.90% | +3.56% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -25.43% | +3.93% |
Max Drawdown (10Y)Largest decline over 10 years | -21.50% | -33.92% | +12.42% |
Current DrawdownCurrent decline from peak | -1.48% | -1.80% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -6.44% | -10.71% | +4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.03% | +0.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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