BENJ vs. FAB
BENJ (Horizon Landmark ETF) and FAB (First Trust Multi Cap Value AlphaDEX Fund) are both exchange-traded funds - BENJ is a Ultrashort Bond fund actively managed by Horizon, while FAB is a Mid Cap Value Equities fund tracking the NASDAQ AlphaDEX Multi Cap Value Index. BENJ is actively managed, while FAB is passively managed. Over the past year, BENJ returned 3.81% vs 26.09% for FAB. At a correlation of -0.02, they often move in opposite directions. BENJ charges 0.40%/yr vs 0.64%/yr for FAB.
Performance
BENJ vs. FAB - Performance Comparison
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Returns By Period
In the year-to-date period, BENJ achieves a 1.47% return, which is significantly lower than FAB's 10.72% return.
BENJ
- 1D
- 0.01%
- 1M
- 0.31%
- YTD
- 1.47%
- 6M
- 1.83%
- 1Y
- 3.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAB
- 1D
- -0.79%
- 1M
- 0.77%
- YTD
- 10.72%
- 6M
- 11.08%
- 1Y
- 26.09%
- 3Y*
- 15.20%
- 5Y*
- 7.87%
- 10Y*
- 10.39%
BENJ vs. FAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BENJ Horizon Landmark ETF | 1.47% | 3.75% |
FAB First Trust Multi Cap Value AlphaDEX Fund | 10.72% | 6.25% |
Correlation
The correlation between BENJ and FAB is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025 | -0.02 |
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Return for Risk
BENJ vs. FAB — Risk / Return Rank
BENJ
FAB
BENJ vs. FAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Landmark ETF (BENJ) and First Trust Multi Cap Value AlphaDEX Fund (FAB). 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.
| BENJ | FAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.80 | ||
| Sortino ratioReturn per unit of downside risk | +6.30 | ||
| Omega ratioGain probability vs. loss probability | 5.02 | 1.34 | +3.69 |
| Calmar ratioReturn relative to maximum drawdown | 9.79 | 3.94 | +5.85 |
| Martin ratioReturn relative to average drawdown | 46.19 | 12.25 | +33.95 |
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
| BENJ | FAB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.70 | 1.91 | +3.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.42 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.43 | 0.34 | +6.09 |
Drawdowns
BENJ vs. FAB - Drawdown Comparison
The maximum BENJ drawdown since its inception was -0.39%, smaller than the maximum FAB drawdown of -63.29%. Use the drawdown chart below to compare losses from any high point for BENJ and FAB.
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Drawdown Indicators
| BENJ | FAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.39% | -63.29% | +62.90% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -6.65% | +6.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.08% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.98% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -9.25% | +9.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 2.14% | -2.06% |
Volatility
BENJ vs. FAB - Volatility Comparison
The current volatility for Horizon Landmark ETF (BENJ) is 0.06%, while First Trust Multi Cap Value AlphaDEX Fund (FAB) has a volatility of 3.15%. This indicates that BENJ experiences smaller price fluctuations and is considered to be less risky than FAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BENJ | FAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 3.15% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 0.23% | 8.64% | -8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.67% | 13.81% | -13.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.60% | 18.72% | -18.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.60% | 22.06% | -21.46% |
BENJ vs. FAB - Expense Ratio Comparison
BENJ has a 0.40% expense ratio, which is lower than FAB's 0.64% expense ratio.
Dividends
BENJ vs. FAB - Dividend Comparison
BENJ has not paid dividends to shareholders, while FAB's dividend yield for the trailing twelve months is around 1.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BENJ Horizon Landmark ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FAB First Trust Multi Cap Value AlphaDEX Fund | 1.59% | 1.57% | 2.00% | 1.94% | 1.80% | 1.32% | 1.59% | 1.75% | 1.96% | 1.42% | 1.40% | 1.62% |
Frequently Asked Questions
BENJ and FAB have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAB has higher volatility (3.15%) compared to BENJ (0.06%). In terms of maximum drawdown, BENJ dropped -0.39% vs FAB's -63.29%.
On 1-year performance, FAB leads with 26.09% vs 3.81% for BENJ. On fees, BENJ is cheaper at 0.40% per year. On volatility, BENJ has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FAB has performed better with a 26.09% return vs 3.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BENJ is cheaper with a 0.40% expense ratio, compared with 0.64% for FAB.
FAB has the higher dividend yield at 1.59%, compared with 0.00% for BENJ.
BENJ is categorized as Ultrashort Bond, while FAB is Mid Cap Value Equities. They also come from different issuers: Horizon and First Trust. Their fees differ too: 0.40% for BENJ and 0.64% for FAB.
BENJ currently has the higher Sharpe Ratio (5.70 vs 1.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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