AAANX vs. SPTM
Compare and contrast key facts about Horizon Active Asset Allocation Fund (AAANX) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM).
AAANX is managed by Horizon Investments. It was launched on Jan 30, 2012. SPTM is a passively managed fund by State Street that tracks the performance of the S&P Composite 1500 Index. It was launched on Oct 4, 2000.
Performance
AAANX vs. SPTM - Performance Comparison
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AAANX vs. SPTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAANX Horizon Active Asset Allocation Fund | -2.30% | 16.58% | 12.43% | 17.25% | -16.99% | 21.42% | 14.69% | 20.60% | -8.91% | 22.20% |
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF | -3.15% | 16.93% | 23.87% | 25.55% | -17.75% | 28.58% | 17.94% | 31.34% | -5.30% | 21.18% |
Returns By Period
In the year-to-date period, AAANX achieves a -2.30% return, which is significantly higher than SPTM's -3.15% return. Over the past 10 years, AAANX has underperformed SPTM with an annualized return of 9.27%, while SPTM has yielded a comparatively higher 13.90% annualized return.
AAANX
- 1D
- 3.36%
- 1M
- -5.92%
- YTD
- -2.30%
- 6M
- 0.14%
- 1Y
- 18.08%
- 3Y*
- 13.66%
- 5Y*
- 6.77%
- 10Y*
- 9.27%
SPTM
- 1D
- 0.76%
- 1M
- -4.38%
- YTD
- -3.15%
- 6M
- -0.99%
- 1Y
- 18.19%
- 3Y*
- 18.05%
- 5Y*
- 11.45%
- 10Y*
- 13.90%
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AAANX vs. SPTM - Expense Ratio Comparison
AAANX has a 1.14% expense ratio, which is higher than SPTM's 0.03% expense ratio.
Return for Risk
AAANX vs. SPTM — Risk / Return Rank
AAANX
SPTM
AAANX vs. SPTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Active Asset Allocation Fund (AAANX) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). 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 | SPTM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 1.00 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.52 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.52 | -0.02 |
Martin ratioReturn relative to average drawdown | 6.55 | 7.28 | -0.72 |
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 | SPTM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.00 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.68 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.77 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.43 | +0.09 |
Correlation
The correlation between AAANX and SPTM is 0.93, 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. SPTM - Dividend Comparison
AAANX's dividend yield for the trailing twelve months is around 4.55%, more than SPTM's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAANX Horizon Active Asset Allocation Fund | 4.55% | 4.45% | 18.43% | 0.78% | 1.08% | 15.02% | 6.59% | 0.67% | 7.46% | 12.35% | 0.89% | 1.36% |
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF | 1.19% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.56% | 1.72% | 1.90% | 1.66% | 1.91% | 1.92% |
Drawdowns
AAANX vs. SPTM - Drawdown Comparison
The maximum AAANX drawdown since its inception was -34.18%, smaller than the maximum SPTM drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for AAANX and SPTM.
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Drawdown Indicators
| AAANX | SPTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.18% | -54.80% | +20.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -12.21% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | -24.14% | -0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -34.18% | -34.66% | +0.48% |
Current DrawdownCurrent decline from peak | -7.55% | -5.36% | -2.19% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -9.10% | +4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.55% | +0.25% |
Volatility
AAANX vs. SPTM - Volatility Comparison
Horizon Active Asset Allocation Fund (AAANX) has a higher volatility of 6.75% compared to SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) at 5.35%. This indicates that AAANX's price experiences larger fluctuations and is considered to be riskier than SPTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAANX | SPTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 5.35% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 9.54% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.45% | 18.33% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.84% | 16.87% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 18.03% | -0.51% |