BENJ vs. FLTR

Last updated Jun 23, 2026

BENJ (Horizon Landmark ETF) and FLTR (VanEck IG Floating Rate ETF) are both exchange-traded funds - BENJ is a Ultrashort Bond fund actively managed by Horizon, while FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index. BENJ is actively managed, while FLTR is passively managed. Over the past year, BENJ returned 3.79% vs 5.21% for FLTR. At a 0.12 correlation, their price movements are largely independent. BENJ charges 0.40%/yr vs 0.14%/yr for FLTR.

Performance

BENJ vs. FLTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Landmark ETF (BENJ) and VanEck IG Floating Rate ETF (FLTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BENJ achieves a 1.64% return, which is significantly lower than FLTR's 2.11% return.

BENJ

• 1D: 0.03%
• 1M: 0.27%
• YTD: 1.64%
• 6M: 1.75%
• 1Y: 3.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLTR

• 1D: -0.04%
• 1M: 0.30%
• YTD: 2.11%
• 6M: 2.32%
• 1Y: 5.21%
• 3Y*: 6.13%
• 5Y*: 4.52%
• 10Y*: 3.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BENJ vs. FLTR - Yearly Performance Comparison

	2026 (YTD)	2025
BENJ Horizon Landmark ETF	1.64%	3.72%
FLTR VanEck IG Floating Rate ETF	2.11%	4.98%

Correlation

The correlation between BENJ and FLTR is 0.04, 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	0.04
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.12

Return for Risk

BENJ vs. FLTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BENJ

BENJ Risk / Return Rank: 98
BENJ Sharpe Ratio Rank: 98
BENJ Sortino Ratio Rank: 98
BENJ Omega Ratio Rank: 99
BENJ Calmar Ratio Rank: 97
BENJ Martin Ratio Rank: 97

FLTR

FLTR Risk / Return Rank: 99
FLTR Sharpe Ratio Rank: 99
FLTR Sortino Ratio Rank: 99
FLTR Omega Ratio Rank: 99
FLTR Calmar Ratio Rank: 98
FLTR Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BENJ vs. FLTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Landmark ETF (BENJ) and VanEck IG Floating Rate ETF (FLTR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BENJ	FLTR	Difference
Sharpe ratio: Return per unit of total volatility	5.65	6.52	-0.87
Sortino ratio: Return per unit of downside risk	9.14	12.09	-2.94
Omega ratio: Gain probability vs. loss probability	4.85	3.02	+1.83
Calmar ratio: Return relative to maximum drawdown	9.74	16.69	-6.95
Martin ratio: Return relative to average drawdown	45.98	97.81	-51.84

BENJ vs. FLTR - Sharpe Ratio Comparison

The current BENJ Sharpe Ratio is 5.65, which is comparable to the FLTR Sharpe Ratio of 6.52. The chart below compares the historical Sharpe Ratios of BENJ and FLTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BENJ vs. FLTR - Drawdown Comparison

The maximum BENJ drawdown since its inception was -0.39%, smaller than the maximum FLTR drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for BENJ and FLTR.

Drawdown Indicators

	BENJ	FLTR	Difference
Max Drawdown Largest peak-to-trough decline	-0.39%	-17.84%	+17.45%
Max Drawdown (1Y) Largest decline over 1 year	-0.39%	-0.31%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-3.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-17.84%	—
Current Drawdown Current decline from peak	0.00%	-0.08%	+0.08%
Average Drawdown Average peak-to-trough decline	-0.02%	-0.67%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	0.05%	+0.03%

Volatility

BENJ vs. FLTR - Volatility Comparison

The current volatility for Horizon Landmark ETF (BENJ) is 0.11%, while VanEck IG Floating Rate ETF (FLTR) has a volatility of 0.29%. This indicates that BENJ experiences smaller price fluctuations and is considered to be less risky than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BENJ	FLTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.11%	0.29%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	0.25%	0.65%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	0.67%	0.80%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.60%	2.13%	-1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.60%	5.00%	-4.40%

BENJ vs. FLTR - Expense Ratio Comparison

BENJ has a 0.40% expense ratio, which is higher than FLTR's 0.14% expense ratio.

Dividends

BENJ vs. FLTR - Dividend Comparison

BENJ has not paid dividends to shareholders, while FLTR's dividend yield for the trailing twelve months is around 4.72%.

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%
FLTR VanEck IG Floating Rate ETF	4.72%	4.97%	5.93%	6.07%	2.29%	0.63%	1.49%	3.05%	2.67%	1.69%	1.16%	0.71%

Frequently Asked Questions

Can I hold both BENJ and FLTR in my portfolio?

BENJ and FLTR have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BENJ or FLTR?

FLTR has higher volatility (0.29%) compared to BENJ (0.11%). In terms of maximum drawdown, BENJ dropped -0.39% vs FLTR's -17.84%.

Which ETF is better, BENJ or FLTR?

On 1-year performance, FLTR leads with 5.21% vs 3.79% for BENJ. On fees, FLTR is cheaper at 0.14% per year. On volatility, BENJ has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BENJ or FLTR?

Over the 1-year period, FLTR has performed better with a 5.21% return vs 3.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BENJ or FLTR?

FLTR is cheaper with a 0.14% expense ratio, compared with 0.40% for BENJ.

Which ETF pays a higher dividend yield, BENJ or FLTR?

FLTR has the higher dividend yield at 4.72%, compared with 0.00% for BENJ.

What is the main difference between BENJ and FLTR?

BENJ is categorized as Ultrashort Bond, while FLTR is Corporate Bonds. They also come from different issuers: Horizon and VanEck. Their fees differ too: 0.40% for BENJ and 0.14% for FLTR.

Which has better risk-adjusted returns?

FLTR currently has the higher Sharpe Ratio (6.52 vs 5.65), 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.