AIMNX vs. HNDDX

Last updated Apr 2, 2026

Compare and contrast key facts about Horizon Active Income Fund (AIMNX) and Horizon Active Dividend Fund (HNDDX).

AIMNX is managed by Horizon Investments. It was launched on Sep 29, 2013. HNDDX is managed by Horizon Investments. It was launched on Dec 28, 2016.

Performance

AIMNX vs. HNDDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Active Income Fund (AIMNX) and Horizon Active Dividend Fund (HNDDX). The values are adjusted to include any dividend payments, if applicable.

AIMNX vs. HNDDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIMNX Horizon Active Income Fund	-0.50%	5.04%	1.77%	5.03%	-14.95%	-0.78%	7.65%	8.67%	-4.77%	3.88%
HNDDX Horizon Active Dividend Fund	-0.99%	18.89%	21.66%	6.24%	-6.91%	20.42%	-3.24%	17.20%	-8.46%	22.95%

Returns By Period

In the year-to-date period, AIMNX achieves a -0.50% return, which is significantly higher than HNDDX's -0.99% return.

AIMNX

• 1D: 0.38%
• 1M: -1.72%
• YTD: -0.50%
• 6M: 0.10%
• 1Y: 2.09%
• 3Y*: 2.95%
• 5Y*: -0.66%
• 10Y*: 0.64%

HNDDX

• 1D: 2.59%
• 1M: -4.23%
• YTD: -0.99%
• 6M: 1.68%
• 1Y: 19.81%
• 3Y*: 15.66%
• 5Y*: 9.14%
• 10Y*: —

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

AIMNX vs. HNDDX - Expense Ratio Comparison

AIMNX has a 0.89% expense ratio, which is lower than HNDDX's 1.10% expense ratio.

HNDDX

Horizon Active Dividend Fund

AIMNX

Horizon Active Income Fund

Return for Risk

AIMNX vs. HNDDX — Risk / Return Rank

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

AIMNX

AIMNX Risk / Return Rank: 17
AIMNX Sharpe Ratio Rank: 17
AIMNX Sortino Ratio Rank: 14
AIMNX Omega Ratio Rank: 13
AIMNX Calmar Ratio Rank: 23
AIMNX Martin Ratio Rank: 17

HNDDX

HNDDX Risk / Return Rank: 72
HNDDX Sharpe Ratio Rank: 63
HNDDX Sortino Ratio Rank: 66
HNDDX Omega Ratio Rank: 73
HNDDX Calmar Ratio Rank: 71
HNDDX Martin Ratio Rank: 85

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.

AIMNX vs. HNDDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Active Income Fund (AIMNX) and Horizon Active Dividend Fund (HNDDX). 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.

	AIMNX	HNDDX	Difference
Sharpe ratio Return per unit of total volatility	0.55	1.24	-0.68
Sortino ratio Return per unit of downside risk	0.77	1.82	-1.05
Omega ratio Gain probability vs. loss probability	1.10	1.30	-0.20
Calmar ratio Return relative to maximum drawdown	0.85	1.85	-1.00
Martin ratio Return relative to average drawdown	2.23	9.50	-7.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIMNX vs. HNDDX - Sharpe Ratio Comparison

The current AIMNX Sharpe Ratio is 0.55, which is lower than the HNDDX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of AIMNX and HNDDX, 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

	AIMNX	HNDDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	1.24	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	0.65	-0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.55	-0.39

Correlation

The correlation between AIMNX and HNDDX is 0.20, 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

AIMNX vs. HNDDX - Dividend Comparison

AIMNX's dividend yield for the trailing twelve months is around 4.08%, less than HNDDX's 6.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIMNX Horizon Active Income Fund	4.08%	4.03%	4.29%	3.78%	1.69%	1.88%	1.86%	2.73%	3.51%	2.47%	1.60%	1.66%
HNDDX Horizon Active Dividend Fund	6.61%	6.55%	6.25%	1.54%	2.17%	3.98%	2.13%	2.67%	5.86%	2.67%	0.00%	0.00%

Drawdowns

AIMNX vs. HNDDX - Drawdown Comparison

The maximum AIMNX drawdown since its inception was -19.68%, smaller than the maximum HNDDX drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for AIMNX and HNDDX.

Drawdown Indicators

	AIMNX	HNDDX	Difference
Max Drawdown Largest peak-to-trough decline	-19.68%	-36.28%	+16.60%
Max Drawdown (1Y) Largest decline over 1 year	-3.07%	-11.33%	+8.26%
Max Drawdown (5Y) Largest decline over 5 years	-19.63%	-19.04%	-0.59%
Max Drawdown (10Y) Largest decline over 10 years	-19.68%	—	—
Current Drawdown Current decline from peak	-6.02%	-4.89%	-1.13%
Average Drawdown Average peak-to-trough decline	-5.05%	-4.81%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	2.20%	-1.04%

Volatility

AIMNX vs. HNDDX - Volatility Comparison

The current volatility for Horizon Active Income Fund (AIMNX) is 1.85%, while Horizon Active Dividend Fund (HNDDX) has a volatility of 4.71%. This indicates that AIMNX experiences smaller price fluctuations and is considered to be less risky than HNDDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIMNX	HNDDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.85%	4.71%	-2.86%
Volatility (6M) Calculated over the trailing 6-month period	2.54%	8.07%	-5.53%
Volatility (1Y) Calculated over the trailing 1-year period	4.27%	16.28%	-12.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.57%	14.04%	-8.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.06%	15.95%	-10.89%