- 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
- $79M
Share Price Chart
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Performance
QGRD Performance Chart
Horizon NASDAQ-100 Defined Risk ETF (QGRD) is up 14.6% since the beginning of the year. QGRD is currently trading at $31 per share.
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Returns By Period
Horizon NASDAQ-100 Defined Risk ETF
- 1D
- -0.24%
- 1M
- 2.94%
- YTD
- 14.58%
- 6M
- 13.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 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%
QGRD Monthly Returns History
Based on dividend-adjusted daily data since Jul 10, 2025, QGRD's average daily return is +0.09%, while the average monthly return is +1.89%. At this rate, an investment would double in approximately 3.1 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +10.2%, while the worst month was Mar 2026 at -3.8%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, QGRD closed higher 59% 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% | 0.40% | 14.58% | ||||||
| 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 4.01%, beta of 1.01, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since July 10, 2025.
- This ETF captured 113.78% of S&P 500 Index gains but only 88.66% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 4.01% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.01 and R2 of 0.82, 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
- 4.01%
- Beta
- 1.01
- R²
- 0.82
- Upside Capture
- 113.78%
- Downside Capture
- 88.66%
Expense Ratio
QGRD has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Return / Risk — by 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 | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Horizon NASDAQ-100 Defined Risk ETF provided a 1.37% 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 | 1.37% | 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 | ||||||
| 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 0.57%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -9.41%Mar 2026 | 4mo 26d | 25d | 5mo 21dNov 2025 - Apr 2026 |
2026 pullback2026 | -5.56%Jun 2026 | 7d | — | 20d 2hJun 2026 - now |
2025 pullback2025 | -3.13%Oct 2025 | 1d | 10d | 11dOct 2025 - Oct 2025 |
2025 pullback2025 | -2.48%Aug 2025 | 6d | 19d | 25dAug 2025 - Sep 2025 |
2026 pullback2026 | -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 | — | -9.10% | — |
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 | -0.57% | -1.80% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -10.71% | +8.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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