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ARANX vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


ARANXTQQQ
YTD Return9.17%25.64%
1Y Return24.33%119.97%
3Y Return (Ann)3.62%10.73%
5Y Return (Ann)6.90%34.76%
Sharpe Ratio1.962.49
Daily Std Dev11.87%48.60%
Max Drawdown-21.50%-81.66%
Current Drawdown0.00%-26.48%

Correlation

-0.50.00.51.00.8

The correlation between ARANX and TQQQ is 0.85, 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

ARANX vs. TQQQ - Performance Comparison

In the year-to-date period, ARANX achieves a 9.17% return, which is significantly lower than TQQQ's 25.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%500.00%1,000.00%1,500.00%December2024FebruaryMarchAprilMay
57.25%
1,645.98%
ARANX
TQQQ

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Horizon Active Risk Assist Fund

ProShares UltraPro QQQ

ARANX vs. TQQQ - Expense Ratio Comparison

ARANX has a 1.17% expense ratio, which is higher than TQQQ's 0.95% expense ratio.


ARANX
Horizon Active Risk Assist Fund
Expense ratio chart for ARANX: current value at 1.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.17%
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

ARANX vs. TQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Active Risk Assist Fund (ARANX) and ProShares UltraPro QQQ (TQQQ). 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.


ARANX
Sharpe ratio
The chart of Sharpe ratio for ARANX, currently valued at 1.96, compared to the broader market-1.000.001.002.003.004.001.96
Sortino ratio
The chart of Sortino ratio for ARANX, currently valued at 2.87, compared to the broader market-2.000.002.004.006.008.0010.0012.002.87
Omega ratio
The chart of Omega ratio for ARANX, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.003.501.34
Calmar ratio
The chart of Calmar ratio for ARANX, currently valued at 1.16, compared to the broader market0.002.004.006.008.0010.0012.001.16
Martin ratio
The chart of Martin ratio for ARANX, currently valued at 6.53, compared to the broader market0.0020.0040.0060.006.53
TQQQ
Sharpe ratio
The chart of Sharpe ratio for TQQQ, currently valued at 2.49, compared to the broader market-1.000.001.002.003.004.002.49
Sortino ratio
The chart of Sortino ratio for TQQQ, currently valued at 2.86, compared to the broader market-2.000.002.004.006.008.0010.0012.002.86
Omega ratio
The chart of Omega ratio for TQQQ, currently valued at 1.35, compared to the broader market0.501.001.502.002.503.003.501.35
Calmar ratio
The chart of Calmar ratio for TQQQ, currently valued at 1.81, compared to the broader market0.002.004.006.008.0010.0012.001.81
Martin ratio
The chart of Martin ratio for TQQQ, currently valued at 10.77, compared to the broader market0.0020.0040.0060.0010.77

ARANX vs. TQQQ - Sharpe Ratio Comparison

The current ARANX Sharpe Ratio is 1.96, which roughly equals the TQQQ Sharpe Ratio of 2.49. The chart below compares the 12-month rolling Sharpe Ratio of ARANX and TQQQ.


Rolling 12-month Sharpe Ratio1.002.003.004.00December2024FebruaryMarchAprilMay
1.96
2.49
ARANX
TQQQ

Dividends

ARANX vs. TQQQ - Dividend Comparison

ARANX's dividend yield for the trailing twelve months is around 0.76%, less than TQQQ's 1.11% yield.


TTM2023202220212020201920182017201620152014
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%0.00%
TQQQ
ProShares UltraPro QQQ
1.11%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

Drawdowns

ARANX vs. TQQQ - Drawdown Comparison

The maximum ARANX drawdown since its inception was -21.50%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ARANX and TQQQ. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2024FebruaryMarchAprilMay0
-26.48%
ARANX
TQQQ

Volatility

ARANX vs. TQQQ - Volatility Comparison

The current volatility for Horizon Active Risk Assist Fund (ARANX) is 3.42%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.36%. This indicates that ARANX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%December2024FebruaryMarchAprilMay
3.42%
15.36%
ARANX
TQQQ