- ISIN
- US44053A7476
- CUSIP
- 44053A747
- Issuer
- Horizon Investments
- Inception Date
- Dec 27, 2019
- Category
- Large Cap Blend Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
HESGX Performance Chart
Horizon ESG Defensive Core Fund (HESGX) is up 6.8% since the beginning of the year. HESGX is currently trading at $45 per share. Investors who bought $1,000 worth of HESGX shares 5 years ago would now be looking at an investment worth $1,633.
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Returns By Period
Horizon ESG Defensive Core Fund (HESGX) has returned 6.80% so far this year and 24.29% over the past 12 months.
Horizon ESG Defensive Core Fund
- 1D
- 1.02%
- 1M
- -0.73%
- YTD
- 6.80%
- 6M
- 6.43%
- 1Y
- 24.29%
- 3Y*
- 16.06%
- 5Y*
- 10.31%
- 10Y*
- —
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%
HESGX Monthly Returns History
Based on dividend-adjusted daily data since Dec 27, 2019, HESGX's average daily return is +0.05%, while the average monthly return is +1.11%. At this rate, an investment would double in approximately 5.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +11.6%, while the worst month was Feb 2020 at -8.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HESGX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +5.5%, 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 | 0.98% | -1.07% | -5.11% | 9.88% | 4.74% | -2.11% | 6.80% | ||||||
| 2025 | 1.69% | -2.37% | -6.33% | -3.97% | 4.71% | 4.79% | 2.94% | 1.76% | 3.92% | 2.59% | 0.33% | -0.23% | 9.56% |
| 2024 | 2.14% | 5.49% | 3.57% | -4.55% | 4.77% | 3.64% | 0.29% | 1.85% | 2.21% | -1.09% | 5.89% | -3.20% | 22.41% |
| 2023 | 4.05% | -2.30% | 3.02% | 0.97% | 0.96% | 6.51% | 3.38% | -0.55% | -5.08% | -2.67% | 9.71% | 4.25% | 23.52% |
| 2022 | -5.01% | -2.67% | 3.48% | -7.88% | -0.68% | -5.94% | 4.96% | -2.99% | -6.24% | 3.92% | 3.33% | -3.83% | -18.83% |
| 2021 | 0.24% | 1.82% | 4.78% | 3.96% | 1.22% | 2.77% | 2.75% | 3.22% | -5.08% | 7.44% | -2.33% | 4.32% | 27.45% |
Benchmark Metrics
Horizon ESG Defensive Core Fund has an annualized alpha of 2.70%, beta of 0.73, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since December 27, 2019.
- This fund participated in 91.88% of S&P 500 Index downside but only 90.16% of its upside - more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 2.70% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.70%
- Beta
- 0.73
- R²
- 0.85
- Upside Capture
- 90.16%
- Downside Capture
- 91.88%
Expense Ratio
HESGX has a high expense ratio of 1.02%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HESGX ranks 50 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 ESG Defensive Core Fund (HESGX) 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.
| HESGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.78 | -0.24 |
| Martin ratioReturn relative to average drawdown | 11.06 | 12.44 | -1.37 |
Dividends
Dividend History
Horizon ESG Defensive Core Fund provided a 15.62% dividend yield over the last twelve months, with an annual payout of $6.96 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $6.96 | $6.96 | $0.13 | $0.22 | $0.15 | $0.92 | $0.81 |
Dividend yield | 15.62% | 16.68% | 0.29% | 0.61% | 0.52% | 2.51% | 2.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Horizon ESG Defensive Core 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 | $6.96 | $6.96 |
| 2024 | $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 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.92 | $0.92 |
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 ESG Defensive Core 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 ESG Defensive Core Fund was 24.43%, occurring on Mar 23, 2020. Recovery took 95 trading sessions.
The current Horizon ESG Defensive Core Fund drawdown is 2.32%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -24.43%Mar 2020 | 1mo 2d | 4mo 16d | 5mo 18dFeb 2020 - Aug 2020 |
Bear market2022 | -22.08%Oct 2022 | 9mo 16d | 1y 3mo | 2y 11dDec 2021 - Jan 2024 |
2025 selloff2025 | -18.79%Apr 2025 | 2mo 14d | 5mo 6d | 7mo 20dJan 2025 - Sep 2025 |
2024 pullback2024 | -9.42%Aug 2024 | 21d | 1mo 18d | 2mo 9dJul 2024 - Sep 2024 |
2026 pullback2026 | -9.42%Mar 2026 | 2mo 1d | 16d | 2mo 17dJan 2026 - Apr 2026 |
Drawdown Indicators
| HESGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.43% | -56.78% | +32.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -9.10% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.79% | -18.90% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -22.08% | -25.43% | +3.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.32% | -1.80% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -10.71% | +4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.03% | +0.13% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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