AIMNX vs. USRAX
Compare and contrast key facts about Horizon Active Income Fund (AIMNX) and Horizon U.S. Defensive Equity Fund (USRAX).
AIMNX is managed by Horizon Investments. It was launched on Sep 29, 2013. USRAX is managed by Horizon Investments. It was launched on Jun 26, 2019.
Performance
AIMNX vs. USRAX - Performance Comparison
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AIMNX vs. USRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AIMNX Horizon Active Income Fund | -0.50% | 5.04% | 1.77% | 5.03% | -14.95% | -0.78% | 7.65% | 2.15% |
USRAX Horizon U.S. Defensive Equity Fund | -0.98% | 15.27% | 17.68% | 15.00% | -10.73% | 27.99% | 5.17% | 5.87% |
Returns By Period
In the year-to-date period, AIMNX achieves a -0.50% return, which is significantly higher than USRAX's -0.98% 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%
USRAX
- 1D
- 2.22%
- 1M
- -4.53%
- YTD
- -0.98%
- 6M
- 0.77%
- 1Y
- 15.06%
- 3Y*
- 15.06%
- 5Y*
- 10.04%
- 10Y*
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AIMNX vs. USRAX - Expense Ratio Comparison
AIMNX has a 0.89% expense ratio, which is lower than USRAX's 1.17% expense ratio.
Return for Risk
AIMNX vs. USRAX — Risk / Return Rank
AIMNX
USRAX
AIMNX vs. USRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Active Income Fund (AIMNX) and Horizon U.S. Defensive Equity Fund (USRAX). 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 | USRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 0.98 | -0.43 |
Sortino ratioReturn per unit of downside risk | 0.77 | 1.49 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.23 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.51 | -0.66 |
Martin ratioReturn relative to average drawdown | 2.23 | 7.80 | -5.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIMNX | USRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.98 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.68 | -0.80 |
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 | 0.67 | -0.50 |
Correlation
The correlation between AIMNX and USRAX is 0.26, 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. USRAX - Dividend Comparison
AIMNX's dividend yield for the trailing twelve months is around 4.08%, less than USRAX's 7.08% 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% |
USRAX Horizon U.S. Defensive Equity Fund | 7.08% | 7.01% | 8.57% | 2.79% | 0.80% | 25.28% | 0.30% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AIMNX vs. USRAX - Drawdown Comparison
The maximum AIMNX drawdown since its inception was -19.68%, smaller than the maximum USRAX drawdown of -23.39%. Use the drawdown chart below to compare losses from any high point for AIMNX and USRAX.
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Drawdown Indicators
| AIMNX | USRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.68% | -23.39% | +3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -10.70% | +7.63% |
Max Drawdown (5Y)Largest decline over 5 years | -19.63% | -19.72% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -19.68% | — | — |
Current DrawdownCurrent decline from peak | -6.02% | -5.01% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -4.39% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 2.07% | -0.91% |
Volatility
AIMNX vs. USRAX - Volatility Comparison
The current volatility for Horizon Active Income Fund (AIMNX) is 1.85%, while Horizon U.S. Defensive Equity Fund (USRAX) has a volatility of 4.12%. This indicates that AIMNX experiences smaller price fluctuations and is considered to be less risky than USRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIMNX | USRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 4.12% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 7.91% | -5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 15.49% | -11.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.57% | 14.82% | -9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 15.85% | -10.79% |