- ISIN
- US44053A6304
- CUSIP
- 44053A630
- Issuer
- Horizon
- Inception Date
- Jan 22, 2025
- Region
- North America (U.S.)
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $134M
Share Price Chart
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Performance
HBTA Performance Chart
Horizon Expedition Plus ETF (HBTA) is up 9.7% since the beginning of the year. HBTA is currently trading at $32 per share.
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Returns By Period
Horizon Expedition Plus ETF (HBTA) has returned 9.68% so far this year and 32.51% over the past 12 months.
Horizon Expedition Plus ETF
- 1D
- -3.93%
- 1M
- -0.96%
- YTD
- 9.68%
- 6M
- 9.50%
- 1Y
- 32.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
HBTA Monthly Returns History
Based on dividend-adjusted daily data since Jan 23, 2025, HBTA's average daily return is +0.08%, while the average monthly return is +1.45%. At this rate, an investment would double in approximately 4.0 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2026 with a return of +15.1%, while the worst month was Mar 2025 at -9.9%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HBTA closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +12.9%, while the worst single day was Apr 3, 2025 at -7.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.14% | -1.64% | -7.08% | 15.05% | 7.22% | -3.82% | 9.68% | ||||||
| 2025 | -3.36% | -2.01% | -9.87% | -0.35% | 9.81% | 7.00% | 3.61% | 1.68% | 5.65% | 3.79% | -0.84% | 0.20% | 14.69% |
Benchmark Metrics
Horizon Expedition Plus ETF has an annualized alpha of -1.14%, beta of 1.39, and R2 of 0.96 versus S&P 500 Index. Calculated based on daily prices since January 24, 2025.
- This ETF captured 154.42% of S&P 500 Index gains and 145.68% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Alpha
- -1.14%
- Beta
- 1.39
- R²
- 0.96
- Upside Capture
- 154.42%
- Downside Capture
- 145.68%
Expense Ratio
HBTA has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HBTA ranks 63 for risk / return — better than 63% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Horizon Expedition Plus ETF (HBTA) and compare them to S&P 500 Index.
| HBTA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.69 | -0.11 |
| Martin ratioReturn relative to average drawdown | 12.07 | 12.34 | -0.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Horizon Expedition Plus ETF provided a 0.58% dividend yield over the last twelve months, with an annual payout of $0.19 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.19 | $0.19 |
Dividend yield | 0.58% | 0.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Horizon Expedition Plus 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.19 | $0.19 |
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 Expedition Plus 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 Expedition Plus ETF was 26.73%, occurring on Apr 8, 2025. Recovery took 59 trading sessions.
The current Horizon Expedition Plus ETF drawdown is 4.50%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -26.73%Apr 2025 | 1mo 17d | 2mo 26d | 4mo 13dFeb 2025 - Jul 2025 |
2026 correction2026 | -13.18%Mar 2026 | 1mo 25d | 16d | 2mo 11dFeb 2026 - Apr 2026 |
2025 pullback2025 | -7.03%Nov 2025 | 21d | 1mo 4d | 1mo 25dOct 2025 - Dec 2025 |
2026 pullback2026 | -4.50%Jun 2026 | 2d | — | 5d 12hJun 2026 - now |
2025 pullback2025 | -3.71%Oct 2025 | 1d | 10d | 11dOct 2025 - Oct 2025 |
Drawdown Indicators
| HBTA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.73% | -56.78% | +30.05% |
Max Drawdown (1Y)Largest decline over 1 year | -13.18% | -9.10% | -4.08% |
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 | -4.50% | -2.97% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -10.72% | +6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 1.97% | +0.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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