AAANX vs. VOO
Compare and contrast key facts about Horizon Active Asset Allocation Fund (AAANX) and Vanguard S&P 500 ETF (VOO).
AAANX is managed by Horizon Investments. It was launched on Jan 30, 2012. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAANX or VOO.
Key characteristics
| AAANX | VOO | |
|---|---|---|
| YTD Return | 9.81% | 16.70% |
| 1Y Return | 17.50% | 24.43% |
| 3Y Return (Ann) | 3.16% | 8.41% |
| 5Y Return (Ann) | 9.84% | 14.98% |
| 10Y Return (Ann) | 7.31% | 12.69% |
| Sharpe Ratio | 1.30 | 1.90 |
| Daily Std Dev | 12.96% | 12.55% |
| Max Drawdown | -34.18% | -33.99% |
| Current Drawdown | -3.83% | -2.45% |
Correlation
The correlation between AAANX and VOO is 0.96, 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.
Performance
AAANX vs. VOO - Performance Comparison
In the year-to-date period, AAANX achieves a 9.81% return, which is significantly lower than VOO's 16.70% return. Over the past 10 years, AAANX has underperformed VOO with an annualized return of 7.31%, while VOO has yielded a comparatively higher 12.69% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AAANX vs. VOO - Expense Ratio Comparison
AAANX has a 1.14% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
AAANX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Active Asset Allocation Fund (AAANX) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
AAANX vs. VOO - Dividend Comparison
AAANX's dividend yield for the trailing twelve months is around 0.71%, less than VOO's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAANX Horizon Active Asset Allocation Fund | 0.71% | 0.78% | 1.08% | 15.02% | 6.59% | 0.67% | 7.46% | 12.35% | 0.89% | 3.13% | 4.83% | 7.76% |
VOO Vanguard S&P 500 ETF | 1.31% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
AAANX vs. VOO - Drawdown Comparison
The maximum AAANX drawdown since its inception was -34.18%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AAANX and VOO. For additional features, visit the drawdowns tool.
Volatility
AAANX vs. VOO - Volatility Comparison
Horizon Active Asset Allocation Fund (AAANX) has a higher volatility of 4.90% compared to Vanguard S&P 500 ETF (VOO) at 4.49%. This indicates that AAANX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.