FRGN vs. BENJ

Last updated Jun 4, 2026

FRGN (Horizon International Equity ETF) and BENJ (Horizon Landmark ETF) are both exchange-traded funds - FRGN is a Foreign Large Cap Equities fund actively managed by Horizon, while BENJ is a Ultrashort Bond fund actively managed by Horizon. Both are actively managed. At a 0.03 correlation, their price movements are largely independent. FRGN charges 0.75%/yr vs 0.40%/yr for BENJ.

Performance

FRGN vs. BENJ - Performance Comparison

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

Returns By Period

In the year-to-date period, FRGN achieves a 24.35% return, which is significantly higher than BENJ's 1.47% return.

FRGN

• 1D: -0.70%
• 1M: 8.09%
• YTD: 24.35%
• 6M: 26.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BENJ

• 1D: 0.01%
• 1M: 0.31%
• YTD: 1.47%
• 6M: 1.83%
• 1Y: 3.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FRGN vs. BENJ - Yearly Performance Comparison

	2026 (YTD)	2025
FRGN Horizon International Equity ETF	24.35%	1.47%
BENJ Horizon Landmark ETF	1.47%	0.35%

Correlation

The correlation between FRGN and BENJ is 0.03, 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 (All Time) Calculated using the full available price history since Dec 4, 2025	0.03

Return for Risk

FRGN vs. BENJ — 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: 99
BENJ Omega Ratio Rank: 99
BENJ Calmar Ratio Rank: 96
BENJ Martin Ratio Rank: 97

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.

FRGN vs. BENJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon International Equity ETF (FRGN) and Horizon Landmark ETF (BENJ). 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

	FRGN	BENJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.84	6.43	-3.59

Drawdowns

FRGN vs. BENJ - Drawdown Comparison

The maximum FRGN drawdown since its inception was -12.40%, which is greater than BENJ's maximum drawdown of -0.39%. Use the drawdown chart below to compare losses from any high point for FRGN and BENJ.

Drawdown Indicators

	FRGN	BENJ	Difference
Max Drawdown Largest peak-to-trough decline	-12.40%	-0.39%	-12.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.39%	—
Current Drawdown Current decline from peak	-0.70%	0.00%	-0.70%
Average Drawdown Average peak-to-trough decline	-2.40%	-0.02%	-2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.08%	—

Volatility

Volatility by Period

	FRGN	BENJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.33%	0.67%	+20.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.33%	0.60%	+20.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.33%	0.60%	+20.73%

FRGN vs. BENJ - Expense Ratio Comparison

FRGN has a 0.75% expense ratio, which is higher than BENJ's 0.40% expense ratio.

Dividends

FRGN vs. BENJ - Dividend Comparison

FRGN's dividend yield for the trailing twelve months is around 0.20%, while BENJ has not paid dividends to shareholders.

Position	TTM	2025
BENJ Horizon Landmark ETF	0.00%	0.00%
FRGN Horizon International Equity ETF	0.20%	0.25%

Frequently Asked Questions

Can I hold both FRGN and BENJ in my portfolio?

FRGN and BENJ have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FRGN or BENJ?

On fees, BENJ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FRGN or BENJ?

BENJ is cheaper with a 0.40% expense ratio, compared with 0.75% for FRGN.

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

FRGN has the higher dividend yield at 0.20%, compared with 0.00% for BENJ.

What is the main difference between FRGN and BENJ?

FRGN is categorized as Foreign Large Cap Equities, while BENJ is Ultrashort Bond. Their fees differ too: 0.75% for FRGN and 0.40% for BENJ.