- Issuer
- Horizon
- Inception Date
- Jul 9, 2025
- Region
- North America (U.S.)
- Category
- Equity Hedged, Nasdaq-100
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $103M
Highlights
- Avg. Volume (1M)
- 84K
- Avg. Volume Value (1M)
- $2.43M
Share Price Chart
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Performance
QGRD Performance Chart
Horizon NASDAQ-100 Defined Risk ETF (QGRD) is up 8.0% since the beginning of the year. QGRD is currently trading at $29 per share.
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Returns By Period
Horizon NASDAQ-100 Defined Risk ETF (QGRD) has returned 8.03% so far this year and 17.17% over the past 12 months.
Horizon NASDAQ-100 Defined Risk ETF
- 1D
- 0.40%
- 1M
- -2.87%
- 6M
- 6.57%
- YTD
- 8.03%
- 1Y
- 17.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.86%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
QGRD Monthly Returns History
Based on dividend-adjusted daily data since Jul 10, 2025, QGRD's average daily return is +0.06%, while the average monthly return is +1.30%. At this rate, an investment would double in approximately 4.5 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2026 with a return of +10.2%, while the worst month was Jul 2026 at -5.5%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, QGRD closed higher 57% of trading days. The best single day was Jun 11, 2026 with a return of +2.6%, while the worst single day was Jun 5, 2026 at -3.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.37% | -2.10% | -3.75% | 10.24% | 8.37% | 0.16% | -5.49% | 8.03% | |||||
| 2025 | 1.41% | 0.43% | 5.01% | 4.57% | -2.26% | -1.07% | 8.15% |
Benchmark Metrics
Horizon NASDAQ-100 Defined Risk ETF has an annualized alpha of -2.73%, beta of 1.05, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since July 10, 2025.
- This ETF participated in 160.36% of S&P 500 Index downside but only 113.78% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.73% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.05 and R2 of 0.80, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.73%
- Beta
- 1.05
- R²
- 0.80
- Upside Capture
- 113.78%
- Downside Capture
- 160.36%
Expense Ratio
QGRD has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QGRD ranks 40 for risk / return — above 40% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Horizon NASDAQ-100 Defined Risk ETF (QGRD) 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.
| QGRD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 2.00 | -0.38 |
| Martin ratioReturn relative to average drawdown | 4.52 | 8.49 | -3.97 |
Dividends
Dividend History
Horizon NASDAQ-100 Defined Risk ETF provided a 1.45% dividend yield over the last twelve months, with an annual payout of $0.42 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.42 | $0.42 |
Dividend yield | 1.45% | 1.57% |
Monthly Dividends
The table displays the monthly dividend distributions for Horizon NASDAQ-100 Defined Risk ETF. 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 | $0.00 | |||||
| 2025 | $0.42 | $0.42 |
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 NASDAQ-100 Defined Risk ETF. 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 NASDAQ-100 Defined Risk ETF was 9.41%, occurring on Mar 30, 2026. Recovery took 18 trading sessions.
The current Horizon NASDAQ-100 Defined Risk ETF drawdown is 6.25%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-9.41%Mar 2026 | 4mo 26d | 25d | 5mo 21dNov 2025 - Apr 2026 | — |
-8.61%Jul 2026 | 1mo 26d | — | 2moJun 2026 - now | — |
-3.13%Oct 2025 | 1d | 10d | 11dOct 2025 - Oct 2025 | — |
-2.48%Aug 2025 | 6d | 19d | 25dAug 2025 - Sep 2025 | — |
-2.41%May 2026 | 4d | 7d | 11dMay 2026 - May 2026 | — |
Drawdown Indicators
| QGRD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.41% | -56.78% | +47.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -9.10% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.25% | -1.58% | -4.67% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -10.70% | +8.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 2.14% | +1.23% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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