ARANX vs. IIPR
Compare and contrast key facts about Horizon Active Risk Assist Fund (ARANX) and Innovative Industrial Properties, Inc. (IIPR).
ARANX is managed by Horizon Investments. It was launched on Aug 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARANX or IIPR.
Key characteristics
| ARANX | IIPR | |
|---|---|---|
| YTD Return | 9.17% | 14.14% |
| 1Y Return | 24.33% | 77.67% |
| 3Y Return (Ann) | 3.62% | -8.05% |
| 5Y Return (Ann) | 6.90% | 10.61% |
| Sharpe Ratio | 1.96 | 2.28 |
| Daily Std Dev | 11.87% | 33.24% |
| Max Drawdown | -21.50% | -75.43% |
| Current Drawdown | 0.00% | -52.99% |
Correlation
The correlation between ARANX and IIPR is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ARANX vs. IIPR - Performance Comparison
In the year-to-date period, ARANX achieves a 9.17% return, which is significantly lower than IIPR's 14.14% 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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Risk-Adjusted Performance
ARANX vs. IIPR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Active Risk Assist Fund (ARANX) and Innovative Industrial Properties, Inc. (IIPR). 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
ARANX vs. IIPR - Dividend Comparison
ARANX's dividend yield for the trailing twelve months is around 0.76%, less than IIPR's 6.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARANX Horizon Active Risk Assist Fund | 0.76% | 0.83% | 0.53% | 8.22% | 0.37% | 1.00% | 3.91% | 4.70% | 0.86% | 1.06% |
IIPR Innovative Industrial Properties, Inc. | 6.40% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 2.64% | 1.70% | 0.00% | 0.00% |
Drawdowns
ARANX vs. IIPR - Drawdown Comparison
The maximum ARANX drawdown since its inception was -21.50%, smaller than the maximum IIPR drawdown of -75.43%. Use the drawdown chart below to compare losses from any high point for ARANX and IIPR. For additional features, visit the drawdowns tool.
Volatility
ARANX vs. IIPR - Volatility Comparison
The current volatility for Horizon Active Risk Assist Fund (ARANX) is 3.42%, while Innovative Industrial Properties, Inc. (IIPR) has a volatility of 8.80%. This indicates that ARANX experiences smaller price fluctuations and is considered to be less risky than IIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.