AAANX vs. HUSV
Compare and contrast key facts about Horizon Active Asset Allocation Fund (AAANX) and First Trust Horizon Managed Volatility Domestic ETF (HUSV).
AAANX is managed by Horizon Investments. It was launched on Jan 30, 2012. HUSV is an actively managed fund by First Trust. It was launched on Aug 24, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAANX or HUSV.
Key characteristics
| AAANX | HUSV | |
|---|---|---|
| YTD Return | 7.52% | 12.22% |
| 1Y Return | 16.11% | 18.00% |
| 3Y Return (Ann) | 2.60% | 5.65% |
| 5Y Return (Ann) | 9.36% | 7.98% |
| Sharpe Ratio | 1.20 | 2.06 |
| Daily Std Dev | 13.09% | 8.94% |
| Max Drawdown | -34.18% | -35.72% |
| Current Drawdown | -5.83% | -1.80% |
Correlation
The correlation between AAANX and HUSV is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AAANX vs. HUSV - Performance Comparison
In the year-to-date period, AAANX achieves a 7.52% return, which is significantly lower than HUSV's 12.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AAANX vs. HUSV - Expense Ratio Comparison
AAANX has a 1.14% expense ratio, which is higher than HUSV's 0.70% expense ratio.
Risk-Adjusted Performance
AAANX vs. HUSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Active Asset Allocation Fund (AAANX) and First Trust Horizon Managed Volatility Domestic ETF (HUSV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AAANX vs. HUSV - Dividend Comparison
AAANX's dividend yield for the trailing twelve months is around 0.72%, less than HUSV's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAANX Horizon Active Asset Allocation Fund | 0.72% | 0.78% | 1.08% | 15.02% | 6.59% | 0.67% | 7.46% | 12.35% | 0.89% | 3.13% | 4.83% | 7.76% |
HUSV First Trust Horizon Managed Volatility Domestic ETF | 1.30% | 1.80% | 1.68% | 1.35% | 1.29% | 1.36% | 1.48% | 1.31% | 0.35% | 0.00% | 0.00% | 0.00% |
Drawdowns
AAANX vs. HUSV - Drawdown Comparison
The maximum AAANX drawdown since its inception was -34.18%, roughly equal to the maximum HUSV drawdown of -35.72%. Use the drawdown chart below to compare losses from any high point for AAANX and HUSV. For additional features, visit the drawdowns tool.
Volatility
AAANX vs. HUSV - Volatility Comparison
Horizon Active Asset Allocation Fund (AAANX) has a higher volatility of 5.31% compared to First Trust Horizon Managed Volatility Domestic ETF (HUSV) at 2.32%. This indicates that AAANX's price experiences larger fluctuations and is considered to be riskier than HUSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.