AAANX vs. SCHD
Compare and contrast key facts about Horizon Active Asset Allocation Fund (AAANX) and Schwab U.S. Dividend Equity ETF (SCHD).
AAANX is managed by Horizon Investments. It was launched on Jan 30, 2012. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Performance
AAANX vs. SCHD - Performance Comparison
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AAANX vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAANX Horizon Active Asset Allocation Fund | -1.15% | 16.58% | 12.43% | 17.25% | -16.99% | 21.42% | 14.69% | 20.60% | -8.91% | 22.20% |
SCHD Schwab U.S. Dividend Equity ETF | 12.35% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Returns By Period
In the year-to-date period, AAANX achieves a -1.15% return, which is significantly lower than SCHD's 12.35% return. Over the past 10 years, AAANX has underperformed SCHD with an annualized return of 9.40%, while SCHD has yielded a comparatively higher 12.30% annualized return.
AAANX
- 1D
- 1.18%
- 1M
- -2.73%
- YTD
- -1.15%
- 6M
- 1.12%
- 1Y
- 18.64%
- 3Y*
- 14.11%
- 5Y*
- 7.02%
- 10Y*
- 9.40%
SCHD
- 1D
- 0.16%
- 1M
- -2.44%
- YTD
- 12.35%
- 6M
- 13.88%
- 1Y
- 13.89%
- 3Y*
- 11.70%
- 5Y*
- 8.35%
- 10Y*
- 12.30%
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AAANX vs. SCHD - Expense Ratio Comparison
AAANX has a 1.14% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Return for Risk
AAANX vs. SCHD — Risk / Return Rank
AAANX
SCHD
AAANX vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Active Asset Allocation Fund (AAANX) and Schwab U.S. Dividend Equity ETF (SCHD). 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.
| AAANX | SCHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 0.89 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.34 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.09 | +0.51 |
Martin ratioReturn relative to average drawdown | 6.95 | 3.69 | +3.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAANX | SCHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.89 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.58 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.74 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.84 | -0.32 |
Correlation
The correlation between AAANX and SCHD is 0.81, 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.
Dividends
AAANX vs. SCHD - Dividend Comparison
AAANX's dividend yield for the trailing twelve months is around 4.50%, more than SCHD's 3.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAANX Horizon Active Asset Allocation Fund | 4.50% | 4.45% | 18.43% | 0.78% | 1.08% | 15.02% | 6.59% | 0.67% | 7.46% | 12.35% | 0.89% | 1.36% |
SCHD Schwab U.S. Dividend Equity ETF | 3.45% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Drawdowns
AAANX vs. SCHD - Drawdown Comparison
The maximum AAANX drawdown since its inception was -34.18%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for AAANX and SCHD.
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Drawdown Indicators
| AAANX | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.18% | -33.37% | -0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.56% | -9.02% | -1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | -16.85% | -7.76% |
Max Drawdown (10Y)Largest decline over 10 years | -34.18% | -33.37% | -0.81% |
Current DrawdownCurrent decline from peak | -6.46% | -3.27% | -3.19% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -3.34% | -1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 3.76% | -0.93% |
Volatility
AAANX vs. SCHD - Volatility Comparison
Horizon Active Asset Allocation Fund (AAANX) has a higher volatility of 6.59% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.35%. This indicates that AAANX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAANX | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 2.35% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 7.93% | +2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.48% | 15.69% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.84% | 14.40% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 16.69% | +0.83% |