Correlation
The correlation between AAANX and SPTM is 0.95, 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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAANX or SPTM.
Performance
AAANX vs. SPTM - Performance Comparison
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Key characteristics
AAANX:
0.33
SPTM:
0.68
AAANX:
0.47
SPTM:
0.98
AAANX:
1.07
SPTM:
1.14
AAANX:
0.24
SPTM:
0.63
AAANX:
0.93
SPTM:
2.38
AAANX:
4.92%
SPTM:
5.00%
AAANX:
18.44%
SPTM:
19.68%
AAANX:
-34.19%
SPTM:
-54.80%
AAANX:
-3.74%
SPTM:
-3.83%
Returns By Period
In the year-to-date period, AAANX achieves a 1.06% return, which is significantly higher than SPTM's 0.45% return. Over the past 10 years, AAANX has underperformed SPTM with an annualized return of 7.30%, while SPTM has yielded a comparatively higher 12.34% annualized return.
AAANX
1.06%
5.27%
-2.21%
5.96%
7.68%
10.98%
7.30%
SPTM
0.45%
6.21%
-2.37%
13.37%
13.69%
15.70%
12.34%
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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.
Risk-Adjusted Performance
AAANX vs. SPTM — Risk-Adjusted Performance Rank
AAANX
SPTM
AAANX vs. SPTM - Risk-Adjusted Performance 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.
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Dividends
AAANX vs. SPTM - Dividend Comparison
AAANX's dividend yield for the trailing twelve months is around 18.23%, more than SPTM's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAANX Horizon Active Asset Allocation Fund | 18.23% | 18.43% | 0.78% | 1.08% | 15.02% | 6.59% | 0.67% | 7.46% | 12.35% | 0.89% | 3.13% | 4.83% |
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF | 1.30% | 1.28% | 1.44% | 1.69% | 1.25% | 1.56% | 1.71% | 1.90% | 1.66% | 1.91% | 1.92% | 2.08% |
Drawdowns
AAANX vs. SPTM - Drawdown Comparison
The maximum AAANX drawdown since its inception was -34.19%, 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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Volatility
AAANX vs. SPTM - Volatility Comparison
The current volatility for Horizon Active Asset Allocation Fund (AAANX) is 3.79%, while SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) has a volatility of 4.86%. This indicates that AAANX experiences smaller price fluctuations and is considered to be less risky than SPTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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