- Issuer
- Horizon
- Inception Date
- Jun 25, 2025
- Region
- North America (United States)
- Category
- Large Cap Value Equities, Dividend, Actively Managed
- Leveraged
- 1x (No leverage)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
DIVN Performance Chart
Horizon Dividend Income ETF (DIVN) is up 11.7% since the beginning of the year. DIVN is currently trading at $29 per share.
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Returns By Period
Horizon Dividend Income ETF
- 1D
- -0.24%
- 1M
- -0.76%
- YTD
- 11.72%
- 6M
- 11.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
DIVN Monthly Returns History
Based on dividend-adjusted daily data since Jun 26, 2025, DIVN's average daily return is +0.08%, while the average monthly return is +1.50%. At this rate, an investment would double in approximately 3.9 years.
Historically, 77% of months were positive and 23% were negative. The best month was Jan 2026 with a return of +6.2%, while the worst month was Mar 2026 at -4.0%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, DIVN closed higher 51% of trading days. The best single day was Apr 30, 2026 with a return of +1.9%, while the worst single day was Jul 31, 2025 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.23% | 5.41% | -4.00% | 2.16% | 1.64% | 0.10% | 11.72% | ||||||
| 2025 | 0.85% | 0.41% | 4.33% | -0.26% | -1.31% | 3.02% | 0.90% | 8.11% |
Benchmark Metrics
Horizon Dividend Income ETF has an annualized alpha of 11.78%, beta of 0.42, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since June 26, 2025.
- This ETF captured 55.11% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -30.68%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.42 may look defensive, but with R2 of 0.24 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.24 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 11.78%
- Beta
- 0.42
- R²
- 0.24
- Upside Capture
- 55.11%
- Downside Capture
- -30.68%
Expense Ratio
DIVN has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Horizon Dividend Income ETF (DIVN) 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.
| DIVN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
Horizon Dividend Income ETF provided a 3.13% dividend yield over the last twelve months, with an annual payout of $0.91 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.91 | $0.39 |
Dividend yield | 3.13% | 1.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Horizon Dividend Income ETF. 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 | $0.13 | $0.00 | $0.30 | $0.09 | $0.00 | $0.52 | ||||||
| 2025 | $0.06 | $0.00 | $0.00 | $0.00 | $0.33 | $0.39 |
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 Dividend Income ETF. 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 Dividend Income ETF was 5.55%, occurring on Mar 20, 2026. Recovery took 44 trading sessions.
The current Horizon Dividend Income ETF drawdown is 2.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -5.55%Mar 2026 | 18d | 2mo 3d | 2mo 21dMar 2026 - May 2026 |
2025 pullback2025 | -3.40%Nov 2025 | 1mo 3d | 21d | 1mo 24dOct 2025 - Nov 2025 |
2025 pullback2025 | -2.72%Jul 2025 | 3d | 13d | 16dJul 2025 - Aug 2025 |
2025 pullback2025 | -2.39%Jul 2025 | 4d | 8d | 12dJul 2025 - Jul 2025 |
2026 pullback2026 | -2.03%Jun 2026 | 3d | — | 7d 23hJun 2026 - now |
Drawdown Indicators
| DIVN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.55% | -56.78% | +51.23% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.03% | -2.49% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -10.72% | +9.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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