Horizon Defined Risk Fund (HNDRX)
The fund's investment adviser seeks to achieve the fund's investment objective by investing in a broadly diversified portfolio of equity securities (the "Equity Portfolio"), while seeking to generate income, hedge volatility and reduce the downside risk of the Equity Portfolio by buying and selling put and call options (the "Options Portfolio"). The Equity Portfolio typically focuses on investing in individual stocks. The Options Portfolio will generally consist of options "collars".
Fund Info
| ISIN | US44053A8466 |
|---|---|
| CUSIP | 44053A846 |
| Issuer | Horizon Investments |
| Inception Date | Dec 27, 2017 |
| Category | Options Trading |
| Min. Investment | $2,500 |
| Asset Class | Alternatives |
Expense Ratio
HNDRX has a high expense ratio of 1.04%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Horizon Defined Risk Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Horizon Defined Risk Fund had a return of 3.81% year-to-date (YTD) and 14.20% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.81% | 6.17% |
| 1 month | -0.33% | -2.72% |
| 6 months | 9.41% | 17.29% |
| 1 year | 14.20% | 23.80% |
| 5 years (annualized) | 6.48% | 11.47% |
| 10 years (annualized) | N/A | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.07% | 2.08% | 1.30% | -0.88% | ||||||||
| 2023 | -0.35% | 4.18% | 2.28% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of HNDRX is 95, placing it in the top 5% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Horizon Defined Risk Fund(HNDRX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Horizon Defined Risk Fund (HNDRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Horizon Defined Risk Fund granted a 0.20% dividend yield in the last twelve months. The annual payout for that period amounted to $0.14 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.14 | $0.14 | $0.21 | $0.18 | $0.33 | $0.43 | $0.28 |
Dividend yield | 0.20% | 0.21% | 0.36% | 0.28% | 0.57% | 0.78% | 0.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Horizon Defined Risk 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 |
| 2019 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 |
| 2018 | $0.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Horizon Defined Risk 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 Defined Risk Fund was 20.71%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.
The current Horizon Defined Risk Fund drawdown is 0.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.71% | Feb 20, 2020 | 23 | Mar 23, 2020 | 141 | Oct 12, 2020 | 164 |
| -13.99% | Jan 5, 2022 | 113 | Jun 16, 2022 | 359 | Nov 20, 2023 | 472 |
| -9.69% | Oct 4, 2018 | 56 | Dec 24, 2018 | 89 | May 3, 2019 | 145 |
| -5.9% | Jan 29, 2018 | 39 | Mar 23, 2018 | 85 | Jul 25, 2018 | 124 |
| -3.6% | Oct 14, 2020 | 13 | Oct 30, 2020 | 4 | Nov 5, 2020 | 17 |
Volatility
Volatility Chart
The current Horizon Defined Risk Fund volatility is 2.12%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.