ARANX vs. VOO
Compare and contrast key facts about Horizon Active Risk Assist Fund (ARANX) and Vanguard S&P 500 ETF (VOO).
ARANX is managed by Horizon Investments. It was launched on Aug 27, 2014. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
ARANX vs. VOO - Performance Comparison
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ARANX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARANX Horizon Active Risk Assist Fund | -2.67% | 14.03% | 13.60% | 16.70% | -19.38% | 20.69% | 4.25% | 12.63% | -7.49% | 18.06% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, ARANX achieves a -2.67% return, which is significantly higher than VOO's -3.66% return. Over the past 10 years, ARANX has underperformed VOO with an annualized return of 6.68%, while VOO has yielded a comparatively higher 14.14% annualized return.
ARANX
- 1D
- 3.12%
- 1M
- -5.93%
- YTD
- -2.67%
- 6M
- -0.97%
- 1Y
- 12.77%
- 3Y*
- 12.80%
- 5Y*
- 5.71%
- 10Y*
- 6.68%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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ARANX vs. VOO - Expense Ratio Comparison
ARANX has a 1.17% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
ARANX vs. VOO — Risk / Return Rank
ARANX
VOO
ARANX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Active Risk Assist Fund (ARANX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 1.01 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.53 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.55 | -0.26 |
Martin ratioReturn relative to average drawdown | 4.74 | 7.31 | -2.57 |
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
| ARANX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.01 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.71 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.79 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.83 | -0.41 |
Correlation
The correlation between ARANX and VOO is 0.95, 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.
Dividends
ARANX vs. VOO - Dividend Comparison
ARANX's dividend yield for the trailing twelve months is around 9.39%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARANX Horizon Active Risk Assist Fund | 9.39% | 9.14% | 10.35% | 0.83% | 0.53% | 8.22% | 0.37% | 1.00% | 3.91% | 4.70% | 0.86% | 1.06% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
ARANX vs. VOO - Drawdown Comparison
The maximum ARANX drawdown since its inception was -21.50%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ARANX and VOO.
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Drawdown Indicators
| ARANX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.50% | -33.99% | +12.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.13% | -11.98% | +1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -24.52% | +3.02% |
Max Drawdown (10Y)Largest decline over 10 years | -21.50% | -33.99% | +12.49% |
Current DrawdownCurrent decline from peak | -7.32% | -5.55% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -3.72% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.55% | +0.22% |
Volatility
ARANX vs. VOO - Volatility Comparison
Horizon Active Risk Assist Fund (ARANX) has a higher volatility of 6.38% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that ARANX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARANX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 5.34% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 9.47% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.20% | 18.11% | -3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.62% | 16.82% | -4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.52% | 17.99% | -5.47% |