DIVN vs. YNOT

Last updated Jun 4, 2026

DIVN (Horizon Dividend Income ETF) and YNOT (Horizon Digital Frontier ETF) are both exchange-traded funds - DIVN is a Large Cap Value Equities fund managed by Horizon, while YNOT is a Technology Equities fund actively managed by Horizon. At a 0.18 correlation, their price movements are largely independent. DIVN charges 0.70%/yr vs 0.75%/yr for YNOT.

Performance

DIVN vs. YNOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Dividend Income ETF (DIVN) and Horizon Digital Frontier ETF (YNOT). 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 YNOT's 21.63% return.

DIVN

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

YNOT

• 1D: -1.88%
• 1M: 8.38%
• YTD: 21.63%
• 6M: 20.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIVN vs. YNOT - Yearly Performance Comparison

	2026 (YTD)	2025
DIVN Horizon Dividend Income ETF	11.87%	4.20%
YNOT Horizon Digital Frontier ETF	21.63%	11.82%

Correlation

The correlation between DIVN and YNOT is 0.18, 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	0.18

Return for Risk

DIVN vs. YNOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Dividend Income ETF (DIVN) and Horizon Digital Frontier ETF (YNOT). 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	YNOT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.13	1.77	+0.35

Drawdowns

DIVN vs. YNOT - Drawdown Comparison

The maximum DIVN drawdown since its inception was -5.55%, smaller than the maximum YNOT drawdown of -16.73%. Use the drawdown chart below to compare losses from any high point for DIVN and YNOT.

Drawdown Indicators

	DIVN	YNOT	Difference
Max Drawdown Largest peak-to-trough decline	-5.55%	-16.73%	+11.18%
Current Drawdown Current decline from peak	-0.63%	-1.88%	+1.25%
Average Drawdown Average peak-to-trough decline	-1.45%	-3.74%	+2.29%

Volatility

Volatility by Period

	DIVN	YNOT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	10.56%	23.11%	-12.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.56%	23.11%	-12.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.56%	23.11%	-12.55%

DIVN vs. YNOT - Expense Ratio Comparison

DIVN has a 0.70% expense ratio, which is lower than YNOT's 0.75% expense ratio.

Dividends

DIVN vs. YNOT - Dividend Comparison

DIVN's dividend yield for the trailing twelve months is around 3.12%, while YNOT has not paid dividends to shareholders.

Position	TTM	2025
DIVN Horizon Dividend Income ETF	3.12%	1.47%
YNOT Horizon Digital Frontier ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIVN and YNOT in my portfolio?

DIVN and YNOT have a correlation of 0.18, 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 YNOT?

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 YNOT?

DIVN is cheaper with a 0.70% expense ratio, compared with 0.75% for YNOT.

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

DIVN has the higher dividend yield at 3.12%, compared with 0.00% for YNOT.

What is the main difference between DIVN and YNOT?

DIVN is categorized as Large Cap Value Equities, while YNOT is Technology Equities. Their fees differ too: 0.70% for DIVN and 0.75% for YNOT.