Horizon Defined Risk Fund (HNDRX)

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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.

Horizon Defined Risk Fund (HNDRX) has returned -2.97% so far this year and 8.59% over the past 12 months.

Based on dividend-adjusted daily data since Apr 16, 2018, HNDRX's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, your investment would double in approximately 9.7 years.

Historically, 71% of months were positive and 29% were negative. The best month was Nov 2020 with a return of +5.8%, while the worst month was Mar 2020 at -6.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.

On a daily basis, HNDRX closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +6.8%, while the worst single day was Mar 9, 2020 at -5.8%.

Horizon Defined Risk Fund has an annualized alpha of 0.90%, beta of 0.52, and R² of 0.92 versus S&P 500 Index. Calculated based on daily prices since April 17, 2018.

• This fund participated in 52.31% of S&P 500 Index downside but only 47.10% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.52 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

HNDRX has a high expense ratio of 1.04%, indicating above-average management fees.

HNDRX ranks 45 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.

The table below present risk-adjusted performance metrics for Horizon Defined Risk Fund (HNDRX) and compare them to a chosen benchmark (S&P 500 Index).

Horizon Defined Risk Fund provided a 0.21% dividend yield over the last twelve months, with an annual payout of $0.18 per share.

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.

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.

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 4.48%.

The chart below shows the rolling one-month volatility.