- ISIN
- US44053A8615
- CUSIP
- 44053A861
- Issuer
- Horizon Investments
- Inception Date
- Dec 28, 2016
- Category
- Large Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
HNDDX Performance Chart
Horizon Active Dividend Fund (HNDDX) is up 10.0% since the beginning of the year. HNDDX is currently trading at $84 per share. Investors who bought $1,000 worth of HNDDX shares 5 years ago would now be looking at an investment worth $1,705.
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Returns By Period
Horizon Active Dividend Fund (HNDDX) has returned 9.98% so far this year and 25.90% over the past 12 months.
Horizon Active Dividend Fund
- 1D
- 0.84%
- 1M
- 0.97%
- YTD
- 9.98%
- 6M
- 9.32%
- 1Y
- 25.90%
- 3Y*
- 18.84%
- 5Y*
- 11.26%
- 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%
HNDDX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, HNDDX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 63% of months were positive and 37% were negative. The best month was Oct 2022 with a return of +11.4%, while the worst month was Mar 2020 at -14.8%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HNDDX closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.7%, while the worst single day was Mar 12, 2020 at -11.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.70% | 0.70% | -4.26% | 7.21% | 3.82% | -0.20% | 9.98% | ||||||
| 2025 | 2.90% | -0.17% | -4.52% | -1.30% | 5.57% | 5.00% | 1.82% | 2.01% | 3.63% | 2.43% | 0.65% | -0.17% | 18.89% |
| 2024 | 2.00% | 4.65% | 3.19% | -3.46% | 3.65% | 3.13% | 1.52% | 2.45% | 2.19% | -0.33% | 4.60% | -3.42% | 21.66% |
| 2023 | 1.75% | -3.28% | -0.07% | 1.53% | -3.65% | 4.79% | 3.36% | -2.17% | -2.80% | -2.29% | 5.98% | 3.54% | 6.24% |
| 2022 | -2.66% | -2.14% | 4.23% | -5.55% | 3.10% | -8.96% | 4.72% | -3.35% | -8.34% | 11.44% | 5.42% | -2.97% | -6.91% |
| 2021 | -0.76% | 3.17% | 6.99% | 2.11% | 2.62% | -1.40% | 0.92% | 1.53% | -5.49% | 5.38% | -1.88% | 6.26% | 20.42% |
Benchmark Metrics
Horizon Active Dividend Fund has an annualized alpha of -0.99%, beta of 0.80, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.
- This fund participated in 93.05% of S&P 500 Index downside but only 80.01% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.99%
- Beta
- 0.80
- R²
- 0.86
- Upside Capture
- 80.01%
- Downside Capture
- 93.05%
Expense Ratio
HNDDX has a high expense ratio of 1.10%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HNDDX ranks 81 for risk / return — in the top 81% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Horizon Active Dividend Fund (HNDDX) 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.
| HNDDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.78 | +0.77 |
| Martin ratioReturn relative to average drawdown | 16.48 | 12.44 | +4.04 |
Dividends
Dividend History
Horizon Active Dividend Fund provided a 6.29% dividend yield over the last twelve months, with an annual payout of $5.28 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.28 | $5.15 | $4.42 | $0.96 | $1.29 | $2.59 | $1.20 | $1.59 | $3.06 | $1.61 |
Dividend yield | 6.29% | 6.55% | 6.25% | 1.54% | 2.17% | 3.98% | 2.13% | 2.67% | 5.86% | 2.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Horizon Active Dividend 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 | $0.07 | $0.00 | $1.77 | $0.57 | $0.00 | $2.41 | ||||||
| 2025 | $0.00 | $0.08 | $0.00 | $0.00 | $2.20 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $2.78 | $5.15 |
| 2024 | $0.00 | $0.06 | $0.00 | $0.00 | $1.88 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $2.40 | $4.42 |
| 2023 | $0.00 | $0.13 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.00 | $0.24 | $0.96 |
| 2022 | $0.00 | $0.09 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.00 | $0.51 | $1.29 |
| 2021 | $0.00 | $0.06 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.00 | $1.88 | $2.59 |
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 Dividend 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 Dividend Fund was 36.28%, occurring on Mar 23, 2020. Recovery took 227 trading sessions.
The current Horizon Active Dividend Fund drawdown is 1.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -36.28%Mar 2020 | 2mo 20d | 11mo | 1y 1moJan 2020 - Feb 2021 |
Bear market2022 | -19.04%Sep 2022 | 6mo 4d | 1y 3mo | 1y 9moMar 2022 - Jan 2024 |
Rate-hike selloffLate 2018 | -18.27%Dec 2018 | 3mo 1d | 12mo 1d | 1y 2moSep 2018 - Dec 2019 |
2025 selloff2025 | -16.69%Apr 2025 | 1mo 17d | 2mo 17d | 4mo 4dFeb 2025 - Jun 2025 |
2018 pullback2018 | -9.68%Mar 2018 | 1mo 23d | 5mo 9d | 7mo 2dJan 2018 - Aug 2018 |
Drawdown Indicators
| HNDDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.28% | -56.78% | +20.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -9.10% | +1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -16.69% | -18.90% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -19.04% | -25.43% | +6.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.05% | -1.80% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -10.71% | +5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 2.03% | -0.46% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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