AAANX vs. T
AAANX (Horizon Active Asset Allocation Fund) is Tactical Allocation fund managed by Horizon, while T (AT&T Inc.) is a stock. Over the past 10 years, AAANX returned 10.24%/yr vs 2.57%/yr for T. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
AAANX vs. T - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AAANX achieves a 11.43% return, which is significantly higher than T's -2.50% return. Over the past 10 years, AAANX has outperformed T with an annualized return of 10.24%, while T has yielded a comparatively lower 2.57% annualized return.
AAANX
- 1D
- 1.23%
- 1M
- 1.29%
- 6M
- 7.71%
- YTD
- 11.43%
- 1Y
- 21.46%
- 3Y*
- 16.02%
- 5Y*
- 8.46%
- 10Y*
- 10.24%
- ALL TIME*
- 9.21%
T
- 1D
- -0.89%
- 1M
- 15.12%
- 6M
- -10.77%
- YTD
- -2.50%
- 1Y
- -11.56%
- 3Y*
- 25.05%
- 5Y*
- 8.13%
- 10Y*
- 2.57%
- ALL TIME*
- 9.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.88B | $1.76B | $1.45B |
AAANX vs. T - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAANX Horizon Active Asset Allocation Fund | 11.43% | 16.58% | 12.43% | 17.25% | -16.99% | 21.42% | 14.69% | 20.60% | -8.91% | 22.20% |
T AT&T Inc. | -2.50% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
Correlation
The correlation between AAANX and T is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2012 | 0.36 |
The correlation between AAANX and T shifts across timeframes, from -0.20 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AAANX vs. T — Risk / Return Rank
AAANX
T
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAANX | T | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.94 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | -0.40 | +2.61 |
| Martin ratioReturn relative to average drawdown | 8.58 | -0.86 | +9.44 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| AAANX | T | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.18% | -64.15% | +29.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.56% | -28.89% | +18.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.84% | -28.89% | +10.05% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | -32.01% | +7.40% |
Max Drawdown (10Y)Largest decline over 10 years | -34.18% | -42.35% | +8.17% |
Current DrawdownCurrent decline from peak | -1.73% | -17.73% | +16.00% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -15.74% | +10.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 13.46% | -10.75% |
Volatility
AAANX vs. T - Volatility Comparison
The current volatility for Horizon Active Asset Allocation Fund (AAANX) is 4.96%, while AT&T Inc. (T) has a volatility of 8.91%. This indicates that AAANX experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAANX | T | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 8.91% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 19.90% | -6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 24.81% | -9.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.22% | 24.62% | -8.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.64% | 24.04% | -6.40% |
Dividends
AAANX vs. T - Dividend Comparison
AAANX's dividend yield for the trailing twelve months is around 3.99%, less than T's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAANX Horizon Active Asset Allocation Fund | 3.99% | 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. | 4.75% | 4.47% | 4.87% | 6.62% | 6.66% | 8.46% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% |
Frequently Asked Questions
AAANX and T have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (8.91%) compared to AAANX (4.96%). In terms of maximum drawdown, AAANX dropped -34.18% vs T's -64.15%.
AAANX currently has the higher Sharpe Ratio (1.53 vs -0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AAANX and T
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer