AAANX vs. T

Last updated Apr 2, 2026

Compare and contrast key facts about Horizon Active Asset Allocation Fund (AAANX) and AT&T Inc. (T).

AAANX is managed by Horizon Investments. It was launched on Jan 30, 2012.

Performance

AAANX vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Active Asset Allocation Fund (AAANX) and AT&T Inc. (T). The values are adjusted to include any dividend payments, if applicable.

AAANX vs. T - 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%
T AT&T Inc.	15.30%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Returns By Period

In the year-to-date period, AAANX achieves a -2.30% return, which is significantly lower than T's 15.30% return. Over the past 10 years, AAANX has outperformed T with an annualized return of 9.27%, while T has yielded a comparatively lower 5.61% 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%

T

• 1D: -2.35%
• 1M: 1.07%
• YTD: 15.30%
• 6M: 5.08%
• 1Y: 3.75%
• 3Y*: 20.19%
• 5Y*: 10.67%
• 10Y*: 5.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AAANX vs. T — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAANX

AAANX Risk / Return Rank: 58
AAANX Sharpe Ratio Rank: 53
AAANX Sortino Ratio Rank: 55
AAANX Omega Ratio Rank: 55
AAANX Calmar Ratio Rank: 61
AAANX Martin Ratio Rank: 66

T

T Risk / Return Rank: 43
T Sharpe Ratio Rank: 47
T Sortino Ratio Rank: 38
T Omega Ratio Rank: 37
T Calmar Ratio Rank: 46
T Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAANX vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Active Asset Allocation Fund (AAANX) and AT&T Inc. (T). 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	T	Difference
Sharpe ratio Return per unit of total volatility	1.05	0.17	+0.88
Sortino ratio Return per unit of downside risk	1.56	0.38	+1.18
Omega ratio Gain probability vs. loss probability	1.23	1.05	+0.18
Calmar ratio Return relative to maximum drawdown	1.50	0.22	+1.28
Martin ratio Return relative to average drawdown	6.55	0.49	+6.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAANX vs. T - Sharpe Ratio Comparison

The current AAANX Sharpe Ratio is 1.05, which is higher than the T Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of AAANX and T, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AAANX	T	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	0.17	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.45	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.24	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.40	+0.12

Correlation

The correlation between AAANX and T is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AAANX vs. T - Dividend Comparison

AAANX's dividend yield for the trailing twelve months is around 4.55%, more than T's 3.92% 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%
T AT&T Inc.	3.92%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%

Drawdowns

AAANX vs. T - Drawdown Comparison

The maximum AAANX drawdown since its inception was -34.18%, smaller than the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for AAANX and T.

Drawdown Indicators

	AAANX	T	Difference
Max Drawdown Largest peak-to-trough decline	-34.18%	-64.15%	+29.97%
Max Drawdown (1Y) Largest decline over 1 year	-12.28%	-20.60%	+8.32%
Max Drawdown (5Y) Largest decline over 5 years	-24.61%	-36.68%	+12.07%
Max Drawdown (10Y) Largest decline over 10 years	-34.18%	-42.35%	+8.17%
Current Drawdown Current decline from peak	-7.55%	-2.71%	-4.84%
Average Drawdown Average peak-to-trough decline	-5.04%	-15.74%	+10.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	9.06%	-6.26%

Volatility

AAANX vs. T - Volatility Comparison

Horizon Active Asset Allocation Fund (AAANX) and AT&T Inc. (T) have volatilities of 6.75% and 6.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAANX	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	6.76%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	10.63%	16.58%	-5.95%
Volatility (1Y) Calculated over the trailing 1-year period	17.45%	22.51%	-5.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.84%	23.85%	-8.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.52%	23.49%	-5.97%