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Horizon Defined Risk Fund (HNDRX) Sharpe Ratio: 2.16

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

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".

HNDRX's Sharpe Ratio of 2.16 indicates that for each unit of volatility, it generates 2.16 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

HNDRX Sharpe Ratio Rank

HNDRX Sharpe Ratio Rank: 64.164
Above Average

HNDRX ranks above 64.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

HNDRX Sharpe Ratio Market Positioning

The chart shows HNDRX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.33 or lower
  • Yellow zone (middle 50%): 1.33 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.30+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Horizon Defined Risk Fund's Sharpe Ratio with other mutual funds in the Options Trading category across multiple time periods, showing how HNDRX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PPFIXPrinceton Premium Fund7.57
JDIEXEasterly Hedged Equity Fund2.65
GTSOXGlenmede Secured Options Portfolio2.65
MAIPXMAI Managed Volatility Fund2.56
SHIIXCatalyst Buffered Shield Fund2.56
EIVPXParametric Volatility Risk Premium - Defensive Fund2.56
GCPYXGateway Equity Call Premium Fund2.55
BPRLXBeacon Planned Return Strategy Fund2.51
CIHEXCalamos Hedged Equity Fund2.26
GTEYXGateway Fund Class Y Shares2.25
HNDRXHorizon Defined Risk Fund2.16

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows HNDRX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HNDRX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does HNDRX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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