BNDY vs. FLXN

Last updated Jun 5, 2026

BNDY (Horizon Core Bond ETF) and FLXN (Horizon Flexible Income ETF) are both exchange-traded funds - BNDY is a Intermediate Core Bond fund actively managed by Horizon, while FLXN is a High Yield Bonds fund actively managed by Horizon. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. BNDY charges 0.66%/yr vs 0.82%/yr for FLXN.

Performance

BNDY vs. FLXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Core Bond ETF (BNDY) and Horizon Flexible Income ETF (FLXN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNDY achieves a 1.19% return, which is significantly lower than FLXN's 2.50% return.

BNDY

• 1D: 0.32%
• 1M: 0.61%
• YTD: 1.19%
• 6M: 1.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLXN

• 1D: 0.20%
• 1M: 0.60%
• YTD: 2.50%
• 6M: 2.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BNDY vs. FLXN - Yearly Performance Comparison

	2026 (YTD)	2025
BNDY Horizon Core Bond ETF	1.19%	5.34%
FLXN Horizon Flexible Income ETF	2.50%	4.71%

Correlation

The correlation between BNDY and FLXN is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025	0.65

Return for Risk

BNDY vs. FLXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Core Bond ETF (BNDY) and Horizon Flexible Income ETF (FLXN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BNDY	FLXN	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	1.60	-0.15

Drawdowns

BNDY vs. FLXN - Drawdown Comparison

The maximum BNDY drawdown since its inception was -3.93%, which is greater than FLXN's maximum drawdown of -3.39%. Use the drawdown chart below to compare losses from any high point for BNDY and FLXN.

Drawdown Indicators

	BNDY	FLXN	Difference
Max Drawdown Largest peak-to-trough decline	-3.93%	-3.39%	-0.54%
Current Drawdown Current decline from peak	-0.84%	-0.14%	-0.70%
Average Drawdown Average peak-to-trough decline	-0.63%	-0.38%	-0.25%

Volatility

Volatility by Period

	BNDY	FLXN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.01%	5.04%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	5.04%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	5.04%	-0.03%

BNDY vs. FLXN - Expense Ratio Comparison

BNDY has a 0.66% expense ratio, which is lower than FLXN's 0.82% expense ratio.

Dividends

BNDY vs. FLXN - Dividend Comparison

BNDY's dividend yield for the trailing twelve months is around 4.82%, less than FLXN's 7.49% yield.

Position	TTM	2025
BNDY Horizon Core Bond ETF	4.82%	1.89%
FLXN Horizon Flexible Income ETF	7.49%	3.49%

Frequently Asked Questions

Can I hold both BNDY and FLXN in my portfolio?

BNDY and FLXN have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNDY or FLXN?

On fees, BNDY is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNDY or FLXN?

BNDY is cheaper with a 0.66% expense ratio, compared with 0.82% for FLXN.

Which ETF pays a higher dividend yield, BNDY or FLXN?

FLXN has the higher dividend yield at 7.49%, compared with 4.82% for BNDY.

What is the main difference between BNDY and FLXN?

BNDY is categorized as Intermediate Core Bond, while FLXN is High Yield Bonds. Their fees differ too: 0.66% for BNDY and 0.82% for FLXN.