AIMNX vs. QQQ
Compare and contrast key facts about Horizon Active Income Fund (AIMNX) and Invesco QQQ (QQQ).
AIMNX is managed by Horizon Investments. It was launched on Sep 29, 2013. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIMNX or QQQ.
Key characteristics
| AIMNX | QQQ | |
|---|---|---|
| YTD Return | -1.39% | 8.34% |
| 1Y Return | 1.29% | 37.23% |
| 3Y Return (Ann) | -3.68% | 11.48% |
| 5Y Return (Ann) | -0.40% | 20.20% |
| 10Y Return (Ann) | -0.09% | 18.61% |
| Sharpe Ratio | 0.12 | 2.27 |
| Daily Std Dev | 6.70% | 16.23% |
| Max Drawdown | -19.67% | -82.98% |
| Current Drawdown | -12.87% | -0.74% |
Correlation
The correlation between AIMNX and QQQ is 0.21, 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.
Performance
AIMNX vs. QQQ - Performance Comparison
In the year-to-date period, AIMNX achieves a -1.39% return, which is significantly lower than QQQ's 8.34% return. Over the past 10 years, AIMNX has underperformed QQQ with an annualized return of -0.09%, while QQQ has yielded a comparatively higher 18.61% 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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AIMNX vs. QQQ - Expense Ratio Comparison
AIMNX has a 0.89% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
AIMNX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Active Income Fund (AIMNX) and Invesco QQQ (QQQ). 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
AIMNX vs. QQQ - Dividend Comparison
AIMNX's dividend yield for the trailing twelve months is around 4.03%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIMNX Horizon Active Income Fund | 4.03% | 3.78% | 1.69% | 1.88% | 1.86% | 2.73% | 3.51% | 2.47% | 1.60% | 1.66% | 1.37% | 0.33% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
AIMNX vs. QQQ - Drawdown Comparison
The maximum AIMNX drawdown since its inception was -19.67%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AIMNX and QQQ. For additional features, visit the drawdowns tool.
Volatility
AIMNX vs. QQQ - Volatility Comparison
The current volatility for Horizon Active Income Fund (AIMNX) is 1.54%, while Invesco QQQ (QQQ) has a volatility of 5.23%. This indicates that AIMNX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.