HBTA vs. IPDP

Last updated Jun 24, 2026

HBTA (Horizon Expedition Plus ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. HBTA charges 0.85%/yr vs 1.52%/yr for IPDP.

Performance

HBTA vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Expedition Plus ETF (HBTA) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HBTA

• 1D: -2.31%
• 1M: -1.05%
• YTD: 10.13%
• 6M: 8.98%
• 1Y: 31.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HBTA vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
HBTA Horizon Expedition Plus ETF	12.62%
IPDP Dividend Performers ETF	0.00%

Return for Risk

HBTA vs. IPDP — Risk / Return Rank

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

HBTA

HBTA Risk / Return Rank: 57
HBTA Sharpe Ratio Rank: 57
HBTA Sortino Ratio Rank: 53
HBTA Omega Ratio Rank: 54
HBTA Calmar Ratio Rank: 53
HBTA Martin Ratio Rank: 66

IPDP

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

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.

HBTA vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Expedition Plus ETF (HBTA) and Dividend Performers ETF (IPDP). 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.

	HBTA	IPDP	Difference
Sharpe ratio: Return per unit of total volatility	1.75	—	—
Sortino ratio: Return per unit of downside risk	2.34	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.42	—	—
Martin ratio: Return relative to average drawdown	10.93	—	—

Drawdowns

HBTA vs. IPDP - Drawdown Comparison

The maximum HBTA drawdown since its inception was -26.73%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for HBTA and IPDP.

Drawdown Indicators

	HBTA	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-26.73%	0.00%	-26.73%
Max Drawdown (1Y) Largest decline over 1 year	-13.18%	—	—
Current Drawdown Current decline from peak	-4.10%	0.00%	-4.10%
Average Drawdown Average peak-to-trough decline	-4.17%	0.00%	-4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	—	—

Volatility

Volatility by Period

	HBTA	IPDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.28%	0.00%	+18.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.04%	0.00%	+25.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.04%	0.00%	+25.04%

HBTA vs. IPDP - Expense Ratio Comparison

HBTA has a 0.85% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

HBTA vs. IPDP - Dividend Comparison

HBTA's dividend yield for the trailing twelve months is around 0.58%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025
HBTA Horizon Expedition Plus ETF	0.58%	0.64%
IPDP Dividend Performers ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, HBTA or IPDP?

On fees, HBTA is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HBTA or IPDP?

HBTA is cheaper with a 0.85% expense ratio, compared with 1.52% for IPDP.

Which ETF pays a higher dividend yield, HBTA or IPDP?

HBTA has the higher dividend yield at 0.58%, compared with 0.00% for IPDP.

What is the main difference between HBTA and IPDP?

They also come from different issuers: Horizon and Innovative Portfolios. Their fees differ too: 0.85% for HBTA and 1.52% for IPDP.