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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARANX or VOO.
Key characteristics
| ARANX | VOO | |
|---|---|---|
| YTD Return | 9.17% | 11.83% |
| 1Y Return | 24.33% | 31.13% |
| 3Y Return (Ann) | 3.62% | 10.03% |
| 5Y Return (Ann) | 6.90% | 15.07% |
| Sharpe Ratio | 1.96 | 2.60 |
| Daily Std Dev | 11.87% | 11.62% |
| Max Drawdown | -21.50% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ARANX and VOO is 0.94, 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. VOO - Performance Comparison
In the year-to-date period, ARANX achieves a 9.17% return, which is significantly lower than VOO's 11.83% 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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ARANX vs. VOO - Expense Ratio Comparison
ARANX has a 1.17% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
ARANX vs. VOO - Risk-Adjusted Performance 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.
Dividends
ARANX vs. VOO - Dividend Comparison
ARANX's dividend yield for the trailing twelve months is around 0.76%, less than VOO's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.32% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
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. For additional features, visit the drawdowns tool.
Volatility
ARANX vs. VOO - Volatility Comparison
Horizon Active Risk Assist Fund (ARANX) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.42% and 3.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.