DIVN vs. QGRD

Last updated Jun 4, 2026

DIVN (Horizon Dividend Income ETF) and QGRD (Horizon NASDAQ-100 Defined Risk ETF) are both exchange-traded funds - DIVN is a Large Cap Value Equities fund managed by Horizon, while QGRD is a Equity Hedged fund actively managed by Horizon. At a 0.25 correlation, their price movements are largely independent. DIVN charges 0.70%/yr vs 0.85%/yr for QGRD.

Performance

DIVN vs. QGRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Dividend Income ETF (DIVN) and Horizon NASDAQ-100 Defined Risk ETF (QGRD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVN achieves a 11.87% return, which is significantly lower than QGRD's 15.09% return.

DIVN

• 1D: 0.21%
• 1M: 3.29%
• YTD: 11.87%
• 6M: 11.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QGRD

• 1D: -0.13%
• 1M: 8.60%
• YTD: 15.09%
• 6M: 13.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIVN vs. QGRD - Yearly Performance Comparison

	2026 (YTD)	2025
DIVN Horizon Dividend Income ETF	11.87%	4.20%
QGRD Horizon NASDAQ-100 Defined Risk ETF	15.09%	8.34%

Correlation

The correlation between DIVN and QGRD is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.25

Return for Risk

DIVN vs. QGRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Dividend Income ETF (DIVN) and Horizon NASDAQ-100 Defined Risk ETF (QGRD). 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

	DIVN	QGRD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.13	2.16	-0.04

Drawdowns

DIVN vs. QGRD - Drawdown Comparison

The maximum DIVN drawdown since its inception was -5.55%, smaller than the maximum QGRD drawdown of -9.41%. Use the drawdown chart below to compare losses from any high point for DIVN and QGRD.

Drawdown Indicators

	DIVN	QGRD	Difference
Max Drawdown Largest peak-to-trough decline	-5.55%	-9.41%	+3.86%
Current Drawdown Current decline from peak	-0.63%	-0.13%	-0.50%
Average Drawdown Average peak-to-trough decline	-1.45%	-2.19%	+0.74%

Volatility

Volatility by Period

	DIVN	QGRD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	10.56%	12.92%	-2.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.56%	12.92%	-2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.56%	12.92%	-2.36%

DIVN vs. QGRD - Expense Ratio Comparison

DIVN has a 0.70% expense ratio, which is lower than QGRD's 0.85% expense ratio.

Dividends

DIVN vs. QGRD - Dividend Comparison

DIVN's dividend yield for the trailing twelve months is around 3.12%, more than QGRD's 1.36% yield.

Position	TTM	2025
DIVN Horizon Dividend Income ETF	3.12%	1.47%
QGRD Horizon NASDAQ-100 Defined Risk ETF	1.36%	1.57%

Frequently Asked Questions

Can I hold both DIVN and QGRD in my portfolio?

DIVN and QGRD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DIVN or QGRD?

On fees, DIVN is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DIVN or QGRD?

DIVN is cheaper with a 0.70% expense ratio, compared with 0.85% for QGRD.

Which ETF pays a higher dividend yield, DIVN or QGRD?

DIVN has the higher dividend yield at 3.12%, compared with 1.36% for QGRD.

What is the main difference between DIVN and QGRD?

DIVN is categorized as Large Cap Value Equities, while QGRD is Equity Hedged. Their fees differ too: 0.70% for DIVN and 0.85% for QGRD.